Funding you earn now, next payment 23:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.029%
Price spread now: Hotstuff against Orderly−0.146%47s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$3 a day on $10k at the current rate, and Hotstuff is 0.146% cheaper against Orderly 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. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ZEC_USDC | 1,460.2 | 0.0015 | pay 0.0015% / 8h | 1h 50m | $293K | $1.5M | 20x |
| Short | Hotstuff ZEC-PERP | 1,458.1 | −0.0080 | pay 0.0010% / 1h | 50m 31s | $6K | $2K | 10x |
Orderly PERP_ZEC_USDC
Hotstuff ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Orderly. 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
- −$19.95
- Price spread: −0.146% → 0.000%
- −$14.59
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$45.54
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Orderly and 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 | +0.186% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0406% | 1h | 1,459.3 | −0.062% | $17.7M | $44.6M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0105% | 1h | 1,458.3 | −0.132% | $397K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0094% | 8h | 1,459 | −0.081% | $29.1M | $75.3M | 75x | as long as short |
| Hotstuff ZEC-PERPshort | −0.0080% | 1h | 1,458.1 | −0.146% | $6K | $2K | 10x | |
| Bybit ZECUSDT | −0.0045% | 8h | 1,457.4 | −0.194% | $268.8M | $677.5M | 75x | as long as short |
| Variational Omni ZEC | −0.0022% | 8h | 1,467.5 | +0.500% | $46.8M | $34.4M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0002% | 1h | 1,461.6 | +0.090% | $429K | $817K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,458.8 | −0.100% | $411K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,460.7 | +0.035% | $934K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Bybit ZECUSDT
Variational Omni ZEC
ApeX Omni ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,457.3 | −0.201% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,460.6 | +0.027% | $594K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,460.6 | +0.028% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0078% | 1h | 1,460.6 | +0.023% | $558K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDClong | +0.0015% | 8h | 1,460.2 | long leg | $293K | $1.5M | 20x | |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,458.1 | −0.149% | $174.7M | $1.36B | 50x | as long as short |
| Bulk ZEC-USD | +0.0054% | 1h | 1,460.6 | +0.023% | $899K | $25K | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,458.4 | −0.128% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0058% | 8h | 1,458.2 | −0.142% | $49.5M | $183.6M | 75x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,467 | +0.463% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,458.2 | −0.136% | $14K | $862K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,459.6 | −0.044% | $18.8M | $52.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,457.7 | −0.173% | $172K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457.3 | −0.202% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,458.7 | −0.104% | $2.5M | $7.0M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,459.1 | −0.077% | $755.9M | $489.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,457.6 | −0.178% | $15.3M | $33.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,458.6 | −0.109% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,457.8 | −0.167% | $668.7M | $2.52B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,458.1 | −0.143% | $219.1M | $851.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,457.8 | −0.168% | $102.9M | $56.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,458.2 | −0.138% | $161.4M | $308.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,458.1 | −0.147% | — | $103.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,461.1 | +0.061% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,466.2 | +0.412% | $3.0M | $492K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,460.4 | +0.008% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,457.9 | −0.160% | $343K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.3 | +0.005% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,458.7 | −0.107% | $446K | $503K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,461.5 | +0.088% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,459.3 | −0.062% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,459 | −0.084% | $2.4M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,459.3 | −0.064% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,458.4 | −0.127% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,459.9 | −0.024% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,458.6 | −0.114% | $840K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0253% | 1h | 1,459.9 | −0.021% | $2.3M | $4.0M | 15x | as long as short |
| Lighter RH ZEC | +0.0416% | 1h | 1,459.9 | −0.023% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,461.4 | +0.081% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,459.6 | −0.044% | $746K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0512% | 1h | 1,463.4 | +0.218% | $40K | $34K | 10x | as long as short |
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
01 Exchange ZECUSD
Gate ZEC_USDT
Phoenix ZEC
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD