ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0203%/8h= −22.3% APRnext payment −$0.25 per $10,000 · paid last 24h −0.062%

Price spread now: Hotstuff against Phoenix−0.065%53s7-day average — · you buy dearer than you sell

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

Long on Phoenix 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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Hotstuff is 0.065% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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	Phoenix ZEC	1,459	0.0123	pay 0.0015% / 1h	4m 11s	$4.6M	$1.3M	10x
Short	Hotstuff ZEC-PERP	1,458	−0.0080	pay 0.0010% / 1h	4m 11s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Phoenix. 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 PhoenixbpFee HotstuffbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$42.69
Price spread: −0.065% → 0.000%: −$6.51
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$61.2
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 5 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 Phoenix live order book, 5 min ago	1.51 bp	6.2 bp −$6	13.4 bp −$134	88.3 bp −$8,829	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	−0.3166%	1h	1,458.2	−0.057%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,458	−0.065%	$6K	$1K	10x
BloFin ZEC-USDT	−0.0070%	8h	1,457.6	−0.097%	$29.6M	$70.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.1	−0.133%	$410K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,458.7	−0.019%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,457.8	−0.084%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.5	+0.033%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,459.5	+0.033%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0071% / S −0.0022%	1h	1,459.3	+0.024%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,459.3	+0.022%	$8K	$7K	5x	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	1,458.6	−0.027%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,458.7	−0.023%	$11K	$857K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.2	−0.051%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,459	+0.002%	$2.9M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460.6	+0.110%	$759.7M	$431.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,459.5	+0.032%	$14.8M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,458.2	−0.055%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459.6	+0.040%	$670.5M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,458.7	−0.020%	$261.9M	$602.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,459.3	+0.023%	$178.2M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,456.7	−0.157%	$396K	$441K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	−0.099%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,459.2	+0.012%	$50.6M	$175.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,459.5	+0.035%	$216.9M	$776.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,459.6	+0.045%	$103.0M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459.7	+0.050%	$166.0M	$271.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,459.3	+0.024%	—	$105.8M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457.3	−0.113%	$47.8M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.1	−0.198%	$567K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,457.2	−0.121%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.5	−0.169%	$404K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457	−0.139%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,459.2	+0.014%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,459.3	+0.024%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,458.3	−0.045%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.9	+0.059%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,459.5	+0.038%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.1	−0.127%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,459.6	+0.044%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,459.4	+0.031%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,459.3	+0.023%	$47K	$151K	20x	as long as short
Phoenix ZEClong	+0.0123%	1h	1,459	long leg	$4.6M	$1.3M	10x
Backpack ZEC_USDC_PERP	+0.0181%	1h	1,459.9	+0.060%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0240%	1h	1,460.7	+0.119%	$19.2M	$46.0M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,459.5	+0.038%	$18.0M	$45.2M	25x	as long as short
Lighter RH ZEC	+0.0320%	1h	1,460.8	+0.121%	$2.1M	$7.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0381%	1h	1,460.4	+0.099%	$616K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,458.4	−0.038%	$923K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,459.5	+0.034%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,459.4	+0.029%	$677K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0681%	1h	1,458.9	−0.009%	$45K	$49K	10x	as long as short