Funding you earn now, next payment 09:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.024%
Price spread now: Hotstuff against Kalshi−0.154%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$2 a day on $10k at the current rate, and Hotstuff is 0.154% cheaper against Kalshi than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXZECPERP | 1,506.9 | 0 | get 0.0000% / 8h | 3h 15m | $1.6M | $5.0M | 2.2x |
| Short | Hotstuff ZEC-PERP | 1,504.6 | −0.0080 | pay 0.0010% / 1h | 15m 49s | $6K | $1K | 10x |
Kalshi KXZECPERP
Hotstuff ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Kalshi. 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
- −$16.8
- Price spread: −0.154% → 0.000%
- −$15.4
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$47.2
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 3 min ago; Hotstuff: 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 Kalshi live order book, 3 min ago | 6.21 bp | 11.2 bp −$11 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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 | −0.3702% | 1h | 1,488.8 | −1.201% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,505.6 | −0.086% | $62K | $308K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0245% | 1h | 1,506.6 | −0.022% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0166% | 8h | 1,506.3 | −0.039% | $31.7M | $75.9M | 75x | as long as short |
| Hotstuff ZEC-PERPshort | −0.0080% | 1h | 1,504.6 | −0.154% | $6K | $1K | 10x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,504.7 | −0.146% | $416K | $30K | 5x | as long as short |
| Kalshi KXZECPERPlong | 0.0000% | 8h | 1,506.9 | long leg | $1.6M | $5.0M | 2.2x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,505.6 | −0.089% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,510.2 | +0.219% | $18.4M | $47.5M | 25x | as long as short |
| 01 Exchange ZECUSD | +0.0024% | 1h | 1,504.3 | −0.173% | $8K | $6K | 5x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
dYdX ZEC-USD
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSD
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0082% | 1h | 1,506.9 | −0.005% | $4.8M | $1.4M | 10x | as long as short |
| Gate ZEC_USDT | +0.0082% | 8h | 1,508.5 | +0.106% | $61.0M | $187.6M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,506.5 | −0.026% | $304K | $859K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,509.7 | +0.184% | $19.6M | $45.6M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,510.2 | +0.218% | $2.1M | $7.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,503.6 | −0.220% | $172K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,504.3 | −0.173% | $62K | $16K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,503.9 | −0.203% | $16K | $877K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,504.4 | −0.166% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,509.6 | +0.177% | $791.6M | $445.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,509.4 | +0.165% | $14.2M | $29.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,505 | −0.130% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,508.9 | +0.130% | $712.8M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,509.4 | +0.164% | $274.4M | $611.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,509.9 | +0.194% | $186.0M | $1.36B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,504.4 | −0.168% | $409K | $545K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,504.8 | −0.143% | $597K | $8.8M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,508.1 | +0.078% | $776K | $147K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,507.8 | +0.060% | $408.1M | $842.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,508.3 | +0.091% | $103.1M | $56.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,509.2 | +0.150% | $163.6M | $291.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,507.5 | +0.040% | — | $6.6M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,506.2 | −0.049% | $49.8M | $35.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,506.3 | −0.044% | $550K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,506.7 | −0.018% | $3.1M | $549K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,507.9 | +0.062% | $414K | $953K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,505.3 | −0.106% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,504 | −0.194% | $374K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,507 | +0.004% | $168K | $191K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,502 | −0.326% | $449K | $419K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,510 | +0.205% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,509.3 | +0.158% | $255K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,509.2 | +0.147% | $2.7M | $20.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,509.5 | +0.168% | $4.0M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,507.2 | +0.017% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,509.2 | +0.150% | $45K | $153K | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0150% | 1h | 1,509.1 | +0.145% | $2.4M | $3.7M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,506.1 | −0.058% | $967K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0163% / S −0.0170% | 1h | 1,505.6 | −0.089% | $334K | — | 100x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,510.9 | +0.260% | $3.8M | $9.9M | 50x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0488% | 1h | 1,509.4 | +0.162% | $691K | $1.3M | 25x | as long as short |
Phoenix ZEC
Gate ZEC_USDT
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Coinbase International ZEC-PERP-INTX
Deribit ZEC_USDC-PERPETUAL