ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.054%

Price spread now: Nado against Hotstuff−0.027%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 Nado

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 · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.027% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 12 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	1,468.2	−0.0080	get 0.0010% / 1h	42m 56s	$6K	$2K	10x
Short	Nado ZEC-PERP	1,467.8	0.0100	get 0.0012% / 1h	42m 56s	$2.5M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.027%Rate

Funding earned: $37.8
Price spread: −0.027% → 0.000%: −$2.69
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $23.11
Costs to cover: 0.120%
Break-even: 2.7 days

Slippage unknown: Hotstuff: no order-book sample; Nado: 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 Nado live order book, 1 min ago	0.03 bp	5.5 bp −$6	11.8 bp −$118	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 PERP	−0.3310%	1h	1,462.9	−0.361%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0404%	1h	1,467.1	−0.077%	$17.8M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0174%	1h	1,466.9	−0.091%	$398K	$521K	5x	as long as short
BloFin ZEC-USDT	−0.0098%	8h	1,467.1	−0.077%	$29.1M	$75.5M	75x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,468.2	long leg	$6K	$2K	10x
Bybit ZECUSDT	−0.0047%	8h	1,466.9	−0.091%	$271.8M	$673.4M	75x	as long as short
Variational Omni ZEC	−0.0022%	8h	1,467.6	−0.043%	$46.6M	$34.0M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,469.2	+0.063%	$414K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.9	+0.044%	$891K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,467.2	−0.068%	$83K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,467.8	−0.029%	$597K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,468.1	−0.013%	$5.2M	—	150x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0009% / S +0.0079%	1h	1,467.7	−0.034%	$543K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,467.4	−0.055%	$294K	$1.5M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0048%	8h	1,467.3	−0.064%	$176.2M	$1.36B	50x	as long as short
Bulk ZEC-USD	+0.0054%	1h	1,460.6	−0.522%	$899K	$25K	10x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,468.3	+0.004%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0057%	8h	1,467.8	−0.033%	$49.9M	$184.3M	75x	as long as short
Phoenix ZEC	+0.0075%	1h	1,468.6	+0.027%	$4.6M	$1.6M	10x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,468	−0.014%	$14K	$862K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,468.9	+0.043%	$19.0M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.6	−0.042%	$173K	$1.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468	−0.018%	$60K	$39K	10x	as long as short
Nado ZEC-PERPshort	+0.0100%	1h	1,467.8	−0.027%	$2.5M	$6.9M	10x
Hyperliquid ZEC	+0.0100%	1h	1,468.5	+0.018%	$760.9M	$490.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.6	−0.043%	$15.4M	$33.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468.9	+0.043%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.6	−0.045%	$675.5M	$2.50B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.5	−0.049%	$221.8M	$856.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.4	−0.058%	$103.2M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.4	−0.057%	$162.6M	$307.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,466.7	−0.105%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468.2	−0.005%	$511K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.7	−0.038%	$3.0M	$481K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,467.8	−0.029%	$431K	$819K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,468.6	+0.021%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,468.1	−0.010%	$346K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.4	−0.059%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465.9	−0.162%	$448K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,469.4	+0.082%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,466.8	−0.096%	$222K	$4.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,467.8	−0.033%	$2.5M	$24.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.5	−0.048%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,467.6	−0.042%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467.2	−0.071%	$37K	$367K	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,468.5	+0.014%	$844K	$1.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0244%	1h	1,468.2	−0.006%	$2.3M	$4.0M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,470.2	+0.135%	$3.7M	$11.7M	50x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,469.3	+0.074%	$2.0M	$8.2M	10x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,469.3	+0.071%	$731K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0534%	1h	1,467.1	−0.078%	$41K	$34K	10x	as long as short