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 −0.054%

Price spread now: Hotstuff against KuCoin+0.143%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Hotstuff

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

The price spread pays, funding is against you. Hotstuff is 0.143% dearer against KuCoin than usual: you sell high and buy low (spread +0.143% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZECUSDTM	1,464.2	0.0100	pay 0.0100% / 8h	3h 10m	$103.1M	$53.1M	75x
Short	Hotstuff ZEC-PERP	1,466.3	−0.0080	pay 0.0010% / 1h	10m 23s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against KuCoin. 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 KuCoinbpFee HotstuffbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$37.8
Price spread: +0.143% → 0.000%: $14.27
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$40.53
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	0.75 bp	9.3 bp −$9	14.1 bp −$141	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	−0.3042%	1h	1,463	−0.080%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,466.3	+0.143%	$6K	$1K	10x
BloFin ZEC-USDT	−0.0071%	8h	1,466.1	+0.131%	$29.7M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,463.5	−0.045%	$407K	$37K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,463.1	−0.075%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.5	−0.051%	$5.2M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0016%	1h	1,463.9	−0.020%	$616K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,463.4	−0.053%	$292K	$903K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0071%	1h	1,460.4	−0.260%	$397K	$435K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0088% / S −0.0040%	1h	1,463.2	−0.070%	$437K	—	100x	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	1,463.9	−0.020%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,464.3	+0.005%	$14K	$801K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,463.7	−0.034%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,464.9	+0.046%	$2.9M	$6.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463.5	−0.045%	$14.6M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,463.7	−0.034%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,463.7	−0.036%	$673.9M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,462.9	−0.088%	$262.1M	$587.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,463.3	−0.065%	$179.2M	$1.21B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,460.6	−0.245%	$882K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,463.3	−0.062%	$52.2M	$173.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.5	−0.046%	$219.8M	$775.0M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,464.2	long leg	$103.1M	$53.1M	75x
Bitget ZECUSDT	+0.0100%	8h	1,463.6	−0.040%	$166.1M	$267.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,464	−0.011%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,464.4	+0.015%	$48.0M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.5	−0.181%	$569K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,463.2	−0.070%	$3.0M	$464K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.4	−0.193%	$404K	$945K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,465.7	+0.099%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.6	−0.041%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.1	−0.075%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.4	−0.126%	$446K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,465.9	+0.115%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,463.6	−0.044%	$234K	$3.1M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,462.2	−0.135%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,463.2	−0.067%	$3.9M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,463.4	−0.057%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.2	−0.067%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,462.7	−0.103%	$4.7M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,464.6	+0.025%	$8K	$7K	5x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,465.2	+0.070%	$2.1M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0146%	1h	1,464.9	+0.048%	$763.3M	$424.9M	10x	as long as short
Lighter ZEC	+0.0168%	1h	1,465.1	+0.062%	$19.4M	$45.4M	20x	as long as short
Kalshi KXZECPERP	+0.0179%	8h	1,464.8	+0.043%	$1.5M	$4.4M	2.2x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,464.2	+0.003%	$926K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0297%	1h	1,466.4	+0.153%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0331%	1h	1,463.4	−0.057%	$18.0M	$45.4M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,465.3	+0.074%	$676K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,468.4	+0.284%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0684%	1h	1,462.7	−0.102%	$45K	$49K	10x	as long as short