Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.052%

Price spread now: Paradex against Hotstuff−0.034%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 Paradex

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 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.034% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 15 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	1,464.7	−0.0080	get 0.0010% / 1h	7m 41s	$6K	$1K	10x
Short	Paradex ZEC-USD-PERP	1,464.2	0.0100	get 0.0100% / 8h	3h 07m	$60K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.034%Rate

Funding earned: $37.8
Price spread: −0.034% → 0.000%: −$3.39
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $25.41
Costs to cover: 0.090%
Break-even: 2.3 days

Slippage unknown: Hotstuff: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Hotstuff and Paradex: 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	−0.3042%	1h	1,464.1	−0.042%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,464.7	long leg	$6K	$1K	10x
BloFin ZEC-USDT	−0.0071%	8h	1,462.6	−0.144%	$29.6M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,464.8	+0.009%	$407K	$37K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,464	−0.048%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,464.5	−0.008%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,464.3	−0.022%	$293K	$900K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0070%	1h	1,462.1	−0.175%	$397K	$436K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0089% / S −0.0040%	1h	1,464.6	−0.005%	$437K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0094%	1h	1,465	+0.021%	$617K	$1.3M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,464	−0.044%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,465	+0.026%	$14K	$801K	10x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,464.2	−0.034%	$60K	$43K	10x
Nado ZEC-PERP	+0.0100%	1h	1,464.9	+0.016%	$2.9M	$6.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,464.2	−0.028%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,464.7	0.000%	$1.7M	$2.3M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,464.2	−0.032%	$673.9M	$2.16B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,463.6	−0.072%	$262.3M	$586.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,463.9	−0.055%	$179.4M	$1.20B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,460.6	−0.277%	$882K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,464	−0.042%	$52.3M	$173.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,464.5	−0.014%	$219.2M	$775.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,464.5	−0.013%	$103.2M	$53.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464.4	−0.019%	$166.3M	$267.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,463.4	−0.087%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,464.4	−0.017%	$48.0M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,463.3	−0.095%	$569K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,463.7	−0.064%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.4	−0.224%	$404K	$945K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,464	−0.045%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,464.7	+0.003%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,464.6	−0.005%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,463.4	−0.086%	$447K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,466.9	+0.155%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,464.4	−0.016%	$234K	$3.1M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,463.7	−0.068%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.2	−0.029%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,464	−0.044%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,464.3	−0.027%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,464.7	+0.005%	$4.7M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,464.5	−0.010%	$8K	$7K	5x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,466.1	+0.095%	$2.1M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0148%	1h	1,465.9	+0.085%	$763.9M	$419.4M	10x	as long as short
Kalshi KXZECPERP	+0.0166%	8h	1,463.7	−0.065%	$1.5M	$4.4M	2.2x	as long as short
Lighter ZEC	+0.0168%	1h	1,464.9	+0.020%	$19.3M	$45.6M	20x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,464.2	−0.030%	$926K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0303%	1h	1,465.3	+0.043%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0331%	1h	1,464.3	−0.022%	$18.0M	$45.4M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,465.4	+0.052%	$675K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,465.9	+0.087%	$3.8M	$8.9M	50x	as long as short
Aftermath Perps ZECUSD	+0.0683%	1h	1,463.4	−0.083%	$45K	$49K	10x	as long as short