Funding you earn now, next payment 02:00 UTC−0.0334%/8h= −36.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.084%
Price spread now: Hotstuff against Arcus−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 −$10 a day on $10k at the current rate, and Hotstuff is 0.060% cheaper against Arcus 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 | Arcus ZEC-USD | 1,476.1 | 0.0254 | pay 0.0032% / 1h | 20m 01s | $688K | $8.6M | 10x |
| Short | Hotstuff ZEC-PERP | 1,475.2 | −0.0080 | pay 0.0010% / 1h | 20m 01s | $6K | $1K | 10x |
Arcus ZEC-USD
Hotstuff ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Arcus. 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
- −$70.22
- Price spread: −0.060% → 0.000%
- −$5.98
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$85.7
- Costs to cover
- 0.095%
- Break-even
- never at this rate
Slippage unknown: Arcus: 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 Arcus live order book, 4 min ago | 0.45 bp | 3.7 bp −$4 | 6.6 bp −$66 | 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 50 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 | −0.3678% | 1h | 1,459.6 | −1.123% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERPshort | −0.0080% | 1h | 1,475.2 | −0.060% | $6K | $1K | 10x | |
| Ondo Perps ZEC-USD.P | −0.0006% | 1h | 1,472.9 | −0.218% | $400K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,474.5 | −0.108% | $18.1M | $43.8M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,474.4 | −0.119% | $415K | $53K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,475.3 | −0.059% | $975K | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,474.8 | −0.090% | $84K | $254K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.5 | −0.111% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0029% | 8h | 1,474.3 | −0.121% | $294K | $1.0M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,474.4 | −0.115% | $385K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEC | +0.0055% | 8h | 1,474.3 | −0.126% | $48.1M | $32.6M | — | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,474.7 | −0.098% | $4.7M | $1.5M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,475.2 | −0.060% | $8K | $8K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,475 | −0.077% | $174K | $1.8M | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0097% | 8h | 1,474.7 | −0.098% | $181.7M | $1.27B | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,474.5 | −0.107% | $14K | $840K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,474.9 | −0.085% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,475.1 | −0.067% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.9 | −0.015% | $768.7M | $443.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474.7 | −0.099% | $14.8M | $30.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,475.3 | −0.056% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.7 | −0.099% | $682.2M | $2.32B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,474.5 | −0.110% | $272.3M | $616.3M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,476.6 | +0.031% | $896K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,474.7 | −0.098% | $50.4M | $176.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.7 | −0.100% | $216.1M | $800.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474.8 | −0.088% | $103.6M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.8 | −0.089% | $163.9M | $282.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,473.8 | −0.155% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472.2 | −0.269% | $573K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473.6 | −0.174% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,473.3 | −0.193% | $428K | $898K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.4 | −0.115% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,474.8 | −0.090% | $347K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.4 | −0.116% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.9 | −0.219% | $458K | $511K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,477.1 | +0.068% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474.3 | −0.125% | $243K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,474.5 | −0.107% | $2.5M | $18.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,475 | −0.075% | $3.9M | $5.4M | 50x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0102% | 1h | 1,474.9 | −0.081% | $614K | $1.3M | 25x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.5 | −0.108% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.2 | −0.127% | $48K | $162K | 20x | as long as short |
| Arcus ZEC-USDlong | +0.0254% | 1h | 1,476.1 | long leg | $688K | $8.6M | 10x | |
| Lighter ZEC | +0.0256% | 1h | 1,475.8 | −0.024% | $19.3M | $48.2M | 20x | as long as short |
| Lighter RH ZEC | +0.0288% | 1h | 1,476.4 | +0.015% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,475.5 | −0.044% | $867K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,476.8 | +0.048% | $3.7M | $9.4M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0475% | 1h | 1,475.2 | −0.062% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0749% | 1h | 1,475.3 | −0.057% | $44K | $46K | 10x | as long as short |
Variational Omni ZEC
Phoenix ZEC
01 Exchange ZECUSD
Popdex ZECUSDT
OKX ZEC-USDT-SWAP
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Deribit ZEC_USDC-PERPETUAL
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD