Funding you earn now, next payment 06:00 UTC+0.0196%/8h= +21.4% APRnext payment +$0.24 per $10,000 · paid last 24h +0.051%
Price spread now: Deribit against Hotstuff+0.085%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.085% dearer against Hotstuff than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff ZEC-PERP | 1,464.2 | −0.0080 | get 0.0010% / 1h | 39m 47s | $6K | $1K | 10x |
| Short | Deribit ZEC_USDC-PERPETUAL | 1,465.4 | 0.0116 | get 0.0014% / 1h | 39m 47s | $617K | $1.3M | 25x |
Hotstuff ZEC-PERP
Deribit ZEC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $41.11
- Price spread: +0.085% → 0.000%
- $8.52
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $37.63
- Costs to cover
- 0.120%
- Break-even
- 0.6 days
Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 4 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hotstuff no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 4 min ago | 4.88 bp | 8.4 bp −$8 | 13.9 bp −$139 | doesn't fit | doesn't fit |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZEC on 51 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZEC/USDC PERP | −0.3243% | 1h | 1,465 | +0.054% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERPlong | −0.0080% | 1h | 1,464.2 | long leg | $6K | $1K | 10x | |
| BloFin ZEC-USDT | −0.0068% | 8h | 1,465.3 | +0.079% | $29.9M | $70.9M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,465.7 | +0.102% | $407K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,464.8 | +0.045% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,464.2 | 0.000% | $84K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0007% | 1h | 1,464.4 | +0.013% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,464 | −0.010% | $8K | $7K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0062% | 8h | 1,464.7 | +0.036% | $293K | $902K | 20x | as long as short |
| Bybit ZECUSDT | +0.0091% | 8h | 1,463.9 | −0.016% | $261.1M | $589.0M | 75x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Bybit ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0092% | 1h | 1,464.1 | −0.005% | $4.7M | $1.3M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0095% / S −0.0049% | 1h | 1,463.8 | −0.028% | $436K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,464 | −0.015% | $173K | $1.6M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,463.1 | −0.076% | $13K | $811K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,464.7 | +0.037% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,464.4 | +0.014% | $2.9M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,466.6 | +0.166% | $763.2M | $417.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,465.2 | +0.073% | $14.4M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,465.5 | +0.090% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,465.1 | +0.066% | $675.7M | $2.16B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,464.3 | +0.009% | $178.4M | $1.20B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,464 | −0.012% | $397K | $429K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,462.7 | −0.102% | $884K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,465.2 | +0.068% | $52.8M | $170.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,464.8 | +0.042% | $218.1M | $759.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,465.7 | +0.104% | $103.3M | $52.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,464.9 | +0.046% | $165.9M | $267.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,464.6 | +0.031% | — | $107.8M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,464.4 | +0.015% | $48.0M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,463.6 | −0.038% | $569K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,463.1 | −0.073% | $3.0M | $467K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,464.9 | +0.046% | $405K | $925K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.1 | +0.065% | $49K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,464 | −0.012% | $358K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,463.8 | −0.023% | $161K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,463.6 | −0.041% | $447K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,466.3 | +0.145% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,464.7 | +0.034% | $234K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,463.8 | −0.025% | $2.7M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,465.1 | +0.061% | $3.9M | $4.7M | 50x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,466.6 | +0.165% | $19.4M | $43.9M | 20x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,464.7 | +0.038% | $2.8M | $7.8M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,464.7 | +0.035% | $47K | $151K | 20x | as long as short |
| Lighter RH ZEC | +0.0112% | 1h | 1,466.8 | +0.181% | $2.1M | $7.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUALshort | +0.0116% | 1h | 1,465.4 | +0.085% | $617K | $1.3M | 25x | |
| Kraken Futures PF_ZECUSD | +0.0147% | 1h | 1,464.5 | +0.020% | $18.0M | $45.5M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,464.9 | +0.048% | $926K | $1.1M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0290% | 1h | 1,466.5 | +0.158% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,466.4 | +0.150% | $3.7M | $9.2M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,466.4 | +0.151% | $667K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0676% | 1h | 1,464.9 | +0.047% | $45K | $49K | 10x | as long as short |
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Lighter ZEC
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD