Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: edgeX against Hotstuff+0.086%58s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.086% 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). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff ZEC-PERP	1,452.2	−0.0080	get 0.0010% / 1h	45m 42s	$6K	$2K	10x
Short	edgeX ZECUSDC	1,453.4	0.0100	get 0.0050% / 4h	2h 45m	$487K	$9.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Hotstuff. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee edgeXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $37.8
Price spread: +0.086% → 0.000%: $8.65
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $32.45
Costs to cover: 0.140%
Break-even: 1.0 days

Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 3 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 edgeX live order book, 3 min ago	1.17 bp	5.8 bp −$6	8.9 bp −$89	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	−0.3476%	1h	1,437.8	−0.990%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,452.2	long leg	$6K	$2K	10x
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,451.9	−0.021%	$17.6M	$44.4M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,453	+0.058%	$28.9M	$75.2M	75x	as long as short
Variational Omni ZEC	−0.0026%	8h	1,451.7	−0.034%	$45.5M	$32.1M	—	as long as short
Bybit ZECUSDT	−0.0008%	8h	1,450.6	−0.107%	$268.6M	$675.3M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.8	−0.026%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,452.4	+0.016%	$846K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,452.2	+0.001%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,453.1	+0.065%	$566K	$1.3M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452.4	+0.015%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,452.3	+0.005%	$291K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0037% / S +0.0066%	1h	1,452.3	+0.006%	$543K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0043%	8h	1,451.7	−0.037%	$171.7M	$1.36B	50x	as long as short
Aster ZECUSDT	+0.0061%	8h	1,451.4	−0.055%	$15.3M	$35.1M	75x	as long as short
Gate ZEC_USDT	+0.0065%	8h	1,451.6	−0.041%	$49.1M	$185.7M	75x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,452.7	+0.036%	$8K	$8K	5x	as long as short
Ondo Perps ZEC-USD.P	+0.0082%	1h	1,452.8	+0.042%	$394K	$518K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,452	−0.013%	$17K	$878K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,452.7	+0.038%	$18.7M	$53.9M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,452.2	−0.001%	$178K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,451.6	−0.043%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,452.3	+0.007%	$3.0M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,452.3	+0.008%	$750.9M	$495.0M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,451.6	−0.040%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,451.6	−0.039%	$658.2M	$2.53B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	+0.191%	$896K	$37K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,451.7	−0.037%	$219.7M	$883.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,451.6	−0.041%	$103.6M	$56.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,451.5	−0.045%	$161.7M	$314.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,451.4	−0.057%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,452.6	+0.027%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,453.4	+0.086%	$487K	$9.8M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,454.1	+0.131%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.6	+0.031%	$706K	$606K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,454.3	+0.143%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,451.7	−0.034%	$298K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452	−0.012%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451	−0.079%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,454.7	+0.174%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.3	+0.005%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451.9	−0.019%	$2.4M	$24.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,451.9	−0.021%	$3.7M	$5.4M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,453.6	+0.100%	$4.6M	$1.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452.3	+0.007%	$36K	$362K	20x	as long as short
Extended ZEC-USD	+0.0208%	1h	1,451.7	−0.033%	$3.3M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,452.1	−0.008%	$862K	$2.5M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,454.1	+0.132%	$3.7M	$11.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0453%	1h	1,453.5	+0.089%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,454.1	+0.134%	$754K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0728%	1h	1,453.7	+0.105%	$1.9M	$8.4M	10x	as long as short