Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:46 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.016%
Price spread now: Perpl against Hotstuff+0.066%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Perpl: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Perpl is 0.066% dearer against Hotstuff than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff ZEC-PERP1,469.9−0.0080get 0.0010% / 1h31m 54s$6K$2K10x
ShortPerpl ZEC1,470.90get 0.0000% / 43m27m 54s$84K$404K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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

Funding earned
$16.8
Price spread: +0.066% → 0.000%
$6.6
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
$4.6
Costs to cover
0.188%
Break-even
5.1 days
Slippage unknown: Hotstuff: no order-book sample; Perpl: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell Perpl no order-book sample
Hotstuff and Perpl: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3089%1h1,474.7+0.325%$34K$275K12xas long as short
Ondo Perps ZEC-USD.P−0.0262%1h1,470.1+0.012%$399K$516K5xas long as short
Kraken Futures PF_ZECUSD−0.0225%1h1,470+0.003%$17.9M$44.3M25xas long as short
Bybit ZECUSDT−0.0110%8h1,469.1−0.059%$274.7M$654.9M75xas long as short
BloFin ZEC-USDT−0.0102%8h1,469.8−0.012%$29.6M$75.2M75xas long as short
Hotstuff ZEC-PERPlong−0.0080%1h1,469.9long leg$6K$2K10x
Variational Omni ZEC−0.0051%8h1,469.5−0.030%$47.0M$33.7Mas long as short
ApeX Omni ZECUSDT−0.0037%1h1,472.7+0.190%$432K$832K50xas long as short
dYdX ZEC-USD0.0000%1h1,469.8−0.011%$414K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,469.8−0.006%$901K$5.6M2.2xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ZECshort0.0000%43m1,470.9+0.066%$84K$404K10x
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,470.5+0.036%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0012%8h1,470.1+0.012%$294K$1.4M20xas long as short
01 Exchange ZECUSD+0.0016%1h1,470.8+0.060%$8K$8K5xas long as short
Phoenix ZEC+0.0024%1h1,473.2+0.222%$4.7M$1.6M10xas long as short
OKX ZEC-USDT-SWAP+0.0036%8h1,469.7−0.018%$180.6M$1.34B50xas long as short
Gate ZEC_USDT+0.0044%8h1,469.7−0.013%$50.7M$186.4M75xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0054% / S −0.0010%1h1,470.4+0.033%$371K100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0065%1h1,471.1+0.077%$614K$1.3M25xas long as short
Lighter ZEC+0.0096%1h1,471.4+0.099%$19.1M$52.4M20xas long as short
Popdex ZECUSDT+0.0096%1h1,470.5+0.038%$176K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,469.7−0.018%$13K$834K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,470.2+0.021%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,470.7+0.054%$2.6M$6.8M10xas long as short
Hyperliquid ZEC+0.0100%1h1,470.9+0.065%$762.3M$474.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,469.8−0.008%$15.0M$32.7M75xas long as short
Pacifica ZEC+0.0100%1h1,470.9+0.068%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,469.7−0.013%$683.3M$2.46B75xas long as short
Arcus ZEC-USD+0.0100%1h1,472.3+0.158%$721K$8.3M10xas long as short
Bulk ZEC-USD+0.0100%1h1,473.1+0.214%$909K$26K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,469.8−0.012%$231.6M$837.5M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,470+0.007%$103.5M$56.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,469.8−0.009%$162.8M$302.0M75xas long as short
BingX ZEC-USDT+0.0100%8h1,469.7−0.014%$102.6Mas long as short
edgeX ZECUSDC+0.0100%4h1,471.8+0.125%$514K$9.2M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,471.6+0.114%$3.0M$454K10xas long as short
StandX ZEC-USD+0.0100%1h1,470.5+0.037%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,470.4+0.032%$344K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,470.3+0.028%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,468.6−0.093%$448K$498K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,472.7+0.190%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,469.7−0.015%$238K$4.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,469.7−0.018%$2.5M$23.1M75xas long as short
Phemex ZECUSDT+0.0100%8h1,470.4+0.030%$3.8M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,470.2+0.015%$3.3M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,470.2+0.019%$37K$366K20xas long as short
RISEx ZEC/USDC+0.0132%1h1,471.3+0.091%$825K$1.2M10xas long as short
Backpack ZEC_USDC_PERP+0.0419%1h1,470.8+0.056%$2.4M$3.8M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0432%1h1,472.3+0.158%$3.8M$10.6M50xas long as short
Lighter RH ZEC+0.0488%1h1,472.1+0.146%$2.0M$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0700%1h1,472+0.141%$46K$47K10xas long as short