Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.041%

Price spread now: Gate against Hotstuff−0.045%7-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 Gate

What this pair did over the last

the charts below follow

Funding, last 4 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 · farm boardneeds both histories

Funding pays, the price is against you. Gate is 0.045% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff ZEC-PERP	1,494.8	−0.0080	get 0.0010% / 1h	8m 11s	$6K	$1K	10x
Short	Gate ZEC_USDT	1,494.1	0.0100	get 0.0100% / 8h	1h 08m	$55.1M	$187.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.045%Rate

Funding earned: $37.8
Price spread: −0.045% → 0.000%: −$4.48
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $13.32
Costs to cover: 0.200%
Break-even: 4.5 days

Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 6 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 Gate live order book, 6 min ago	0.40 bp	11.7 bp −$12	17.5 bp −$175	32.4 bp −$3,236	56.4 bp −$28.2K

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 50 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	−0.3684%	1h	1,479.6	−1.018%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,492.8	−0.137%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0149%	8h	1,496	+0.081%	$30.5M	$75.1M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,494.4	−0.029%	$18.1M	$46.5M	25x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,494.8	long leg	$6K	$1K	10x
dYdX ZEC-USD	0.0000%	1h	1,494	−0.056%	$415K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.1	+0.017%	$1.5M	$4.6M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,495.2	+0.027%	$5.3M	—	150x	as long as short
Aftermath Perps ZECUSD	+0.0018%	1h	1,495.2	+0.029%	$48K	$64K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0062%	1h	1,495.8	+0.066%	$683K	$1.4M	25x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0080%	8h	1,494.7	−0.009%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,495.1	+0.017%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,495.1	+0.018%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,494.7	−0.005%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,495.9	+0.073%	$3.1M	$7.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,493.8	−0.067%	$13.9M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,494.7	−0.005%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,494.3	−0.031%	$696.1M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,493.8	−0.065%	$267.5M	$631.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,494.5	−0.022%	$182.5M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,493.8	−0.067%	$408K	$551K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	−0.037%	$903K	$7K	10x	as long as short
Gate ZEC_USDTshort	+0.0100%	8h	1,494.1	−0.045%	$55.1M	$187.1M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,494.3	−0.032%	$241.6M	$799.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,494.7	−0.006%	$103.1M	$57.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,494.5	−0.023%	$160.7M	$289.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,494.9	+0.007%	—	$117.1M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,496.1	+0.088%	$48.9M	$34.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,496.9	+0.137%	$574K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,495.9	+0.070%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,496.3	+0.102%	$412K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,493.8	−0.065%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495.2	+0.027%	$358K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,495.3	+0.030%	$164K	$184K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,496.4	+0.109%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,494.1	−0.046%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,495.7	+0.057%	$2.7M	$20.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,494.9	+0.005%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,495	+0.015%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,494.8	−0.002%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,495.2	+0.025%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,495	+0.011%	$939K	$1.1M	10x	as long as short
Hyperliquid ZEC	+0.0130%	1h	1,495	+0.013%	$779.3M	$445.4M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,494.9	+0.009%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0136% / S −0.0131%	1h	1,495.2	+0.025%	$396K	—	100x	as long as short
Lighter RH ZEC	+0.0200%	1h	1,495.9	+0.070%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,495.6	+0.050%	$609K	$8.7M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0250%	1h	1,495.1	+0.023%	$2.3M	$3.9M	15x	as long as short
Lighter ZEC	+0.0272%	1h	1,495.9	+0.072%	$19.6M	$47.1M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,496.2	+0.094%	$3.7M	$10.1M	50x	as long as short