Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.044%

Price spread now: MEXC against Hotstuff+0.088%85s7-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 MEXC

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and MEXC is 0.088% 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 85 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	1,503.6	−0.0080	get 0.0010% / 1h	58m 11s	$6K	$1K	10x
Short	MEXC ZEC_USDT	1,504.9	0.0100	get 0.0100% / 8h	5h 58m	$178.0M	$821.7M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.088%Rate

Funding earned: $37.8
Price spread: +0.088% → 0.000%: $8.85
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: $41.65
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; MEXC: 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 MEXC live order book, 4 min ago	0.03 bp	0.0 bp $0	0.2 bp −$2	2.2 bp −$221	61.4 bp −$30.7K

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 exchanges

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	−0.4130%	1h	1,480	−1.571%	$36K	$267K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0211%	1h	1,504.1	+0.033%	$408K	$499K	5x	as long as short
BloFin ZEC-USDT	−0.0190%	8h	1,505	+0.090%	$31.9M	$73.6M	75x	as long as short
Aftermath Perps ZECUSD	−0.0098%	1h	1,504	+0.026%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,503.6	long leg	$6K	$1K	10x
Kalshi KXZECPERP	0.0000%	8h	1,505.2	+0.106%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,503.5	−0.006%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.8	+0.015%	$5.4M	—	150x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,504.3	+0.044%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,504.1	+0.033%	$909K	$1.3M	10x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0072%	8h	1,503.2	−0.029%	$303K	$856K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,506	+0.161%	$20.0M	$38.9M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,506.3	+0.182%	$2.0M	$7.0M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.9	+0.020%	$170K	$1.5M	50x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,504.8	+0.080%	$18.5M	$46.2M	25x	as long as short
Aster ZECUSDT	+0.0099%	8h	1,504.6	+0.064%	$14.1M	$26.9M	75x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,504.1	+0.030%	$62K	$14K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,503.3	−0.022%	$25K	$880K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.6	+0.069%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,506.1	+0.166%	$790.1M	$431.6M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,505.6	+0.134%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,504.9	+0.089%	$708.2M	$2.20B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,505.1	+0.100%	$276.3M	$589.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,505.2	+0.104%	$185.8M	$1.31B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,505	+0.094%	$592K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,504.2	+0.037%	$780K	$158K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,505.4	+0.120%	$62.9M	$170.8M	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,504.9	+0.088%	$178.0M	$821.7M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,505.3	+0.113%	$105.5M	$53.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505.4	+0.120%	$164.3M	$280.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,504.2	+0.043%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,505.3	+0.110%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,503.5	−0.009%	$49.4M	$34.2M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,503.8	+0.012%	$549K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503.7	+0.005%	$3.1M	$586K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.4	+0.051%	$411K	$948K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505.1	+0.100%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503.7	+0.007%	$371K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,503.7	+0.006%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,505.8	+0.144%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.6	+0.003%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,503.9	+0.022%	$2.7M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,504.9	+0.086%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,503.6	+0.002%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.8	+0.010%	$37K	$163K	20x	as long as short
Phoenix ZEC	+0.0139%	1h	1,503.9	+0.017%	$4.8M	$1.3M	10x	as long as short
dYdX ZEC-USD	+0.0144%	1h	1,504.1	+0.033%	$414K	$37K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0160%	1h	1,504.3	+0.048%	$685K	$1.3M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0184% / S −0.0195%	1h	1,504.4	+0.052%	$350K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,505.8	+0.148%	$3.9M	$9.5M	50x	as long as short