Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: HTX against Hotstuff−0.055%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 HTX

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. HTX is 0.055% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 25 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	1,517	−0.0080	get 0.0010% / 1h	58m 12s	$6K	$1K	10x
Short	HTX ZEC-USDT	1,516.1	0.0100	get 0.0100% / 8h	7h 58m	$2.7M	$21.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $37.8
Price spread: −0.055% → 0.000%: −$5.54
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $15.26
Costs to cover: 0.170%
Break-even: 4.2 days

Slippage unknown: Hotstuff: no order-book sample; HTX: live order book, 1 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 HTX live order book, 1 min ago	1.59 bp	7.9 bp −$8	13.5 bp −$135	32.8 bp −$3,282	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 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	−0.3702%	1h	1,496.3	−1.363%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0463%	1h	1,515.3	−0.111%	$779K	$147K	10x	as long as short
Perpl ZEC	−0.0447%	43m	1,516.3	−0.045%	$62K	$305K	10x	as long as short
Bybit ZECUSDT	−0.0179%	8h	1,517.8	+0.057%	$273.2M	$628.9M	75x	as long as short
BloFin ZEC-USDT	−0.0164%	8h	1,515.6	−0.088%	$31.5M	$77.1M	75x	as long as short
Aftermath Perps ZECUSD	−0.0107%	1h	1,513.1	−0.254%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,517	long leg	$6K	$1K	10x
dYdX ZEC-USD	0.0000%	1h	1,515.3	−0.111%	$421K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,518.1	+0.076%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,517.5	+0.034%	$5.4M	—	150x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,519.2	+0.150%	$18.3M	$47.8M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,517.5	+0.036%	$8K	$6K	5x	as long as short
Gate ZEC_USDT	+0.0062%	8h	1,518.4	+0.092%	$60.1M	$182.1M	75x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,518.3	+0.090%	$306K	$862K	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,514.3	−0.177%	$4.8M	$1.4M	10x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,520.2	+0.212%	$2.1M	$7.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,517.8	+0.054%	$176K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,516.2	−0.049%	$62K	$19K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,517.5	+0.036%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,518.8	+0.122%	$794.7M	$448.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,518.7	+0.113%	$14.2M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,516.2	−0.050%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,519.2	+0.151%	$717.9M	$2.34B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,518.3	+0.086%	$183.6M	$1.39B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,513.3	−0.241%	$413K	$554K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,517.5	+0.038%	$597K	$8.9M	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,518.7	+0.113%	$319.4M	$811.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,518.5	+0.100%	$103.9M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,518.4	+0.098%	$164.0M	$294.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,518.2	+0.080%	—	$119.8M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,513.8	−0.209%	$50.0M	$35.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,510.8	−0.403%	$578K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,514.6	−0.152%	$3.1M	$532K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,509.9	−0.463%	$416K	$948K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,515.4	−0.100%	$54K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,517.9	+0.063%	$377K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,519.1	+0.138%	$170K	$193K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,514.5	−0.164%	$452K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,519.9	+0.193%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,519.1	+0.143%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,516.1	−0.055%	$2.7M	$21.3M	75x
Phemex ZECUSDT	+0.0100%	8h	1,519.3	+0.152%	$4.1M	$4.9M	50x	as long as short
Lighter ZEC	+0.0104%	1h	1,519.4	+0.162%	$19.7M	$43.7M	20x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,518.7	+0.115%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,518.8	+0.121%	$44K	$151K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0142%	1h	1,519.7	+0.183%	$694K	$1.4M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0152% / S −0.0152%	1h	1,517.5	+0.034%	$337K	—	100x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,517.7	+0.046%	$967K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,519.2	+0.148%	$3.7M	$9.8M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0551%	1h	1,519.2	+0.150%	$2.4M	$3.7M	15x	as long as short