ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0480%/8h= +52.6% APRnext payment +$0.60 per $10,000 · paid last 24h +0.057%

Price spread now: Extended against Hotstuff−0.092%55s7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.092% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 15 hours of funding at the current rate (+$14 a day). The two prices were read 55 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	−0.0080	get 0.0010% / 1h	54m 38s	$6K	$2K	10x
Short	Extended ZEC-USD	1,450.6	0.0400	get 0.0050% / 1h	54m 38s	$3.3M	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.092%Rate

Funding earned: $100.8
Price spread: −0.092% → 0.000%: −$9.23
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $81.57
Costs to cover: 0.100%
Break-even: 1.3 days

Slippage unknown: Hotstuff: no order-book sample; Extended: 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 Extended live order book, 4 min ago	3.31 bp	5.8 bp −$6	12.1 bp −$121	312.4 bp −$31.2K	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	1,437.6	−0.990%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,452	long leg	$6K	$2K	10x
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,454.9	+0.200%	$17.6M	$44.9M	25x	as long as short
BloFin ZEC-USDT	−0.0065%	8h	1,454.9	+0.202%	$29.2M	$76.1M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,451.4	−0.041%	$45.5M	$32.3M	—	as long as short
Bybit ZECUSDT	−0.0015%	8h	1,450.3	−0.117%	$268.4M	$678.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,451.4	−0.038%	$409K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454.2	+0.149%	$848K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453.7	+0.114%	$82K	$400K	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0006%	8h	1,455.4	+0.233%	$292K	$1.5M	20x	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	1,455.5	+0.241%	$5.2M	—	150x	as long as short
OKX ZEC-USDT-SWAP	+0.0035%	8h	1,450.1	−0.133%	$172.1M	$1.36B	50x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,454	+0.136%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0041% / S +0.0061%	1h	1,455.3	+0.226%	$536K	—	100x	as long as short
Phoenix ZEC	+0.0045%	1h	1,450.4	−0.112%	$4.6M	$1.6M	10x	as long as short
Aster ZECUSDT	+0.0054%	8h	1,452.9	+0.062%	$15.1M	$35.2M	75x	as long as short
Gate ZEC_USDT	+0.0061%	8h	1,450.3	−0.118%	$49.2M	$185.0M	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0078%	1h	1,449.9	−0.144%	$393K	$522K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,450.4	−0.108%	$17K	$886K	10x	as long as short
MEXC ZEC_USDT	+0.0095%	8h	1,450.7	−0.091%	$219.6M	$878.8M	150x	as long as short
Binance ZECUSDT	+0.0096%	8h	1,451.1	−0.062%	$658.2M	$2.55B	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,454.1	+0.147%	$178K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,450.5	−0.100%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,455	+0.210%	$3.0M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,453	+0.072%	$752.4M	$491.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,451.3	−0.045%	$1.6M	$3.1M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454.9	+0.200%	$896K	$37K	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,451.5	−0.034%	$103.6M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,450.4	−0.112%	$162.1M	$316.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,451.2	−0.052%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,456.3	+0.295%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.9	−0.077%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.2	+0.018%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,450.5	−0.102%	$705K	$604K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,451.1	−0.059%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,454.8	+0.194%	$299K	$2.1M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,455.1	+0.216%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,454.1	+0.144%	$442K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.4	+0.302%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,455.2	+0.223%	$220K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,452.3	+0.022%	$2.4M	$25.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,454.9	+0.202%	$3.7M	$5.5M	50x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,455.5	+0.244%	$36K	$362K	20x	as long as short
Lighter ZEC	+0.0112%	1h	1,452.5	+0.034%	$18.8M	$53.6M	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,451	−0.068%	$861K	$2.5M	10x	as long as short
Extended ZEC-USDshort	+0.0400%	1h	1,450.6	−0.092%	$3.3M	$7.0M	10x
Deribit ZEC_USDC-PERPETUAL	+0.0419%	1h	1,456.4	+0.303%	$570K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,458.3	+0.434%	$3.7M	$11.6M	50x	as long as short
Aftermath Perps ZECUSD	+0.0463%	1h	1,454.4	+0.163%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,452.9	+0.066%	$752K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0624%	1h	1,453.2	+0.084%	$2.0M	$8.4M	10x	as long as short