Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.052%

Price spread now: Hotstuff against Paradex+0.170%7-day average — · you sell dearer than you buy

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

Long on Paradex 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 airdropParadex: Active · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.170% dearer against Paradex than usual: you sell high and buy low (spread +0.170% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,459	0.0100	pay 0.0100% / 8h	5h 41m	$60K	$43K	10x
Short	Hotstuff ZEC-PERP	1,461.5	−0.0080	pay 0.0010% / 1h	41m 55s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Paradex. 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 ParadexbpFee HotstuffbpOrdersPrice spread, now +0.170%Rate

Funding earned: −$37.76
Price spread: +0.170% → 0.000%: $16.96
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$29.8
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Paradex 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	−0.3244%	1h	1,462	+0.199%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,461.5	+0.170%	$6K	$1K	10x
BloFin ZEC-USDT	−0.0078%	8h	1,459.5	+0.031%	$29.6M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,459.1	+0.007%	$411K	$45K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,459.6	+0.039%	$963K	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,459.3	+0.015%	$83K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.4	+0.024%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0038%	8h	1,459.5	+0.034%	$292K	$977K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0053%	1h	1,459	−0.003%	$396K	$433K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0009%	1h	1,459.2	+0.010%	$378K	—	100x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0074%	1h	1,459.6	+0.038%	$4.6M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,459	−0.002%	$173K	$1.8M	50x	as long as short
Variational Omni ZEC	+0.0098%	8h	1,459.8	+0.054%	$47.4M	$31.8M	—	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,459.6	+0.039%	$18K	$835K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,459	long leg	$60K	$43K	10x
Nado ZEC-PERP	+0.0100%	1h	1,459.4	+0.023%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460	+0.065%	$760.7M	$433.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,458.6	−0.028%	$14.4M	$28.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,459.3	+0.020%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.2	−0.127%	$669.0M	$2.25B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.5	−0.175%	$268.8M	$607.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.7	−0.159%	$179.7M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	−0.027%	$886K	$16K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,457.1	−0.132%	$49.9M	$170.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457.5	−0.108%	$215.7M	$771.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.3	−0.117%	$102.4M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,458.5	−0.039%	$161.8M	$275.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,458.2	−0.059%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,459.4	+0.021%	$2.4M	$3.8M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.5	+0.171%	$569K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	+0.019%	$3.0M	$418K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.5	+0.168%	$421K	$883K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,459.8	+0.052%	$70K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,458.6	−0.030%	$324K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,459.1	+0.002%	$126K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,458.4	−0.041%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,462	+0.205%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,459.3	+0.015%	$240K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458.3	−0.050%	$2.6M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,459.5	+0.033%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,458.4	−0.047%	$2.8M	$7.7M	10x	as long as short
01 Exchange ZECUSD	+0.0104%	1h	1,459.3	+0.020%	$8K	$7K	5x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,458.9	−0.013%	$48K	$155K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0105%	1h	1,460.2	+0.081%	$608K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,459.2	+0.010%	$18.0M	$43.7M	25x	as long as short
Lighter ZEC	+0.0208%	1h	1,460.9	+0.127%	$19.1M	$46.0M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,461.4	+0.159%	$707K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0328%	1h	1,461.4	+0.158%	$2.1M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,459.5	+0.031%	$831K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,461.3	+0.154%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0716%	1h	1,461.6	+0.174%	$43K	$46K	10x	as long as short