Funding you earn now, next payment 00:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%
Price spread now: Hotstuff against Phemex−0.060%7-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 −$5 a day on $10k at the current rate, and Hotstuff is 0.060% cheaper against Phemex than usual: you would sell low and buy high (−$6 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 | Phemex ZECUSDT | 1,475 | 0.0100 | pay 0.0100% / 8h | 57m 07s | $3.8M | $5.3M | 50x |
| Short | Hotstuff ZEC-PERP | 1,474.1 | −0.0080 | pay 0.0010% / 1h | 57m 07s | $6K | $2K | 10x |
Phemex ZECUSDT
Hotstuff ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Phemex. 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
- −$37.8
- Price spread: −0.060% → 0.000%
- −$5.97
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$60.77
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 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 Phemex live order book, 2 min ago | 3.26 bp | 16.7 bp −$17 | 25.5 bp −$255 | 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 | −0.3089% | 1h | 1,474 | −0.068% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0272% | 1h | 1,472.6 | −0.161% | $398K | $517K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0224% | 1h | 1,475 | −0.001% | $18.0M | $45.0M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0110% | 8h | 1,474.6 | −0.028% | $29.5M | $75.8M | 75x | as long as short |
| Bybit ZECUSDT | −0.0081% | 8h | 1,474.2 | −0.056% | $273.5M | $665.9M | 75x | as long as short |
| Hotstuff ZEC-PERPshort | −0.0080% | 1h | 1,474.1 | −0.060% | $6K | $2K | 10x | |
| Variational Omni ZEC | −0.0037% | 8h | 1,468.5 | −0.441% | $46.8M | $33.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.7 | −0.088% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,474.6 | −0.022% | $898K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,473.8 | −0.079% | $84K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.5 | −0.033% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0009% | 8h | 1,474.3 | −0.043% | $295K | $1.4M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0031% | 1h | 1,474.6 | −0.022% | $227K | $4.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0009% | 1h | 1,474.5 | −0.032% | $366K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,473.8 | −0.077% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0041% | 8h | 1,474.5 | −0.030% | $180.0M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0046% | 8h | 1,474.6 | −0.022% | $50.4M | $183.6M | 75x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0071% | 1h | 1,475.1 | +0.010% | $615K | $1.3M | 25x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,470.8 | −0.283% | $4.6M | $1.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,473.3 | −0.116% | $177K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,473.8 | −0.083% | $12K | $828K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.4 | −0.105% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.4 | −0.035% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,476 | +0.070% | $765.9M | $479.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474.7 | −0.019% | $15.6M | $32.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,474.2 | −0.050% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.8 | −0.011% | $681.6M | $2.47B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,474.4 | −0.041% | $715K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.1 | −0.261% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.6 | −0.023% | $225.7M | $827.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474.8 | −0.013% | $104.3M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.9 | −0.005% | $163.2M | $303.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,474.5 | −0.033% | — | $102.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.8 | −0.281% | $513K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,471 | −0.271% | $3.0M | $482K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,472.7 | −0.157% | $432K | $827K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,472.1 | −0.196% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,473.9 | −0.073% | $348K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,473.9 | −0.070% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.8 | −0.147% | $449K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,476.5 | +0.100% | $3K | $1.2M | 20x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473.8 | −0.083% | $2.5M | $23.3M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,475 | long leg | $3.8M | $5.3M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.8 | −0.009% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.5 | −0.030% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,473.9 | −0.071% | $835K | $1.3M | 10x | as long as short |
| Lighter ZEC | +0.0136% | 1h | 1,476.4 | +0.097% | $19.1M | $52.1M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,476.8 | +0.125% | $3.8M | $11.5M | 50x | as long as short |
| Lighter RH ZEC | +0.0472% | 1h | 1,477 | +0.135% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0618% | 1h | 1,472.4 | −0.173% | $41K | $34K | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0645% | 1h | 1,475.7 | +0.050% | $2.4M | $3.7M | 15x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
SoDEX ZEC-USD
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Deribit ZEC_USDC-PERPETUAL
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
HTX ZEC-USDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD
Backpack ZEC_USDC_PERP