Funding you earn now, next payment 22:00 UTC−0.3396%/8h= −371.8% APRnext payment −$4.24 per $10,000 · paid last 24h −0.289%
Price spread now: Injective against Hotstuff−0.919%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$102 a day on $10k at the current rate, and Injective is 0.919% cheaper against Hotstuff than usual: you would sell low and buy high (−$92 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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 | 1,451 | −0.0080 | get 0.0010% / 1h | 54m 15s | $6K | $2K | 10x |
| Short | Injective ZEC/USDC PERP | 1,437.6 | −0.3476 | pay 0.0434% / 1h | 54m 15s | $33K | $275K | 12x |
Hotstuff ZEC-PERP
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$713.11
- Price spread: −0.919% → 0.000%
- −$91.94
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$810.07
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; Injective: live order book, 34 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 Injective live order book, 34 min ago | 58.14 bp | doesn't fit | doesn't fit | 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 PERPshort | −0.3476% | 1h | 1,437.6 | −0.919% | $33K | $275K | 12x | |
| Hotstuff ZEC-PERPlong | −0.0080% | 1h | 1,451 | long leg | $6K | $2K | 10x | |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,450.7 | −0.020% | $17.6M | $44.7M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0065% | 8h | 1,454.9 | +0.274% | $29.2M | $76.1M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,451.4 | +0.030% | $45.5M | $32.3M | — | as long as short |
| Bybit ZECUSDT | −0.0015% | 8h | 1,450.3 | −0.048% | $268.6M | $678.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,451.4 | +0.034% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454.2 | +0.221% | $848K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,450.9 | −0.007% | $82K | $400K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0006% | 8h | 1,450.7 | −0.019% | $291K | $1.5M | 20x | as long as short |
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Orderly PERP_ZEC_USDCShow 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 | 1,451.2 | +0.020% | $5.1M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0035% | 8h | 1,450.8 | −0.008% | $171.9M | $1.36B | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0041% / S +0.0062% | 1h | 1,451 | +0.005% | $535K | — | 100x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,450.4 | −0.040% | $4.6M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,454 | +0.207% | $8K | $8K | 5x | as long as short |
| Aster ZECUSDT | +0.0054% | 8h | 1,450.5 | −0.033% | $15.1M | $35.3M | 75x | as long as short |
| Gate ZEC_USDT | +0.0061% | 8h | 1,451.1 | +0.007% | $49.2M | $185.0M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0078% | 1h | 1,449.9 | −0.072% | $393K | $522K | 5x | as long as short |
| Polymarket Perps ZEC-USD | +0.0086% | 1h | 1,450.3 | −0.045% | $298K | $2.1M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,450.4 | −0.037% | $17K | $886K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0095% | 8h | 1,451.1 | +0.008% | $220.3M | $879.1M | 150x | as long as short |
| Binance ZECUSDT | +0.0096% | 8h | 1,450.9 | −0.005% | $658.1M | $2.55B | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,450.1 | −0.057% | $177K | $2.0M | 50x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0098% | 1h | 1,451.8 | +0.060% | $565K | $1.3M | 25x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,450.5 | −0.028% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,451.5 | +0.040% | $3.0M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,451.2 | +0.017% | $751.4M | $491.4M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,451.3 | +0.027% | $1.6M | $3.1M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454.9 | +0.271% | $896K | $37K | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,449.9 | −0.075% | $103.5M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,450.6 | −0.023% | $161.7M | $317.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,451.5 | +0.038% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,456.3 | +0.367% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,450.9 | −0.005% | $487K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.2 | +0.090% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,450.5 | −0.030% | $705K | $604K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,455.2 | +0.293% | $109K | $4.8M | 30x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,451 | +0.005% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,449.6 | −0.096% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,454.2 | +0.223% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,451 | +0.001% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,450.7 | −0.016% | $2.4M | $25.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,450.9 | −0.003% | $3.7M | $5.5M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,450.5 | −0.030% | $36K | $362K | 20x | as long as short |
| Lighter ZEC | +0.0112% | 1h | 1,452.5 | +0.106% | $18.8M | $53.6M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,451 | +0.004% | $861K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0376% | 1h | 1,450.8 | −0.007% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,453 | +0.141% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0464% | 1h | 1,453.5 | +0.177% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,452.9 | +0.137% | $752K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0624% | 1h | 1,453.2 | +0.156% | $2.0M | $8.4M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
01 Exchange ZECUSD
Aster ZECUSDT
Gate ZEC_USDT
Ondo Perps ZEC-USD.P
Polymarket Perps ZEC-USD
Katana Perps ZEC-USD
MEXC ZEC_USDT
Binance ZECUSDT
Popdex ZECUSDT
Deribit ZEC_USDC-PERPETUAL
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Bulk ZEC-USD
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC