Settings8H · net · $10k
Funding arb · Price arb /

ZEC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.036%
Price spread now: Hotstuff against Aster−0.075%52s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.075% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZECUSDT1,472.40.0100pay 0.0100% / 8h7h 57m$15.0M$32.5M75x
ShortHotstuff ZEC-PERP1,471.3−0.0080pay 0.0010% / 1h57m 41s$6K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Aster. 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

Funding earned
−$37.8
Price spread: −0.075% → 0.000%
−$7.55
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$58.35
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 1 min ago1.26 bp5.5 bp −$57.9 bp −$7918.8 bp −$1,87793.4 bp −$46.7K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3321%1h1,472.6+0.009%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0342%1h1,471.3−0.076%$17.9M$43.8M25xas long as short
Phemex ZECUSDT−0.0301%8h1,471.4−0.067%$3.8M$5.4M50xas long as short
BloFin ZEC-USDT−0.0101%8h1,469.8−0.181%$29.6M$74.5M75xas long as short
Hotstuff ZEC-PERPshort−0.0080%1h1,471.3−0.075%$6K$2K10x
Variational Omni ZEC−0.0063%8h1,469.3−0.213%$47.6M$34.4Mas long as short
dYdX ZEC-USD0.0000%1h1,471.6−0.054%$414K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,471.2−0.084%$957K$5.6M2.2xas long as short
Perpl ZEC0.0000%43m1,471−0.098%$84K$405K10xas long as short
Ondo Perps ZEC-USD.P+0.0002%1h1,470−0.164%$399K$520K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,471.8−0.044%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0015%8h1,470.9−0.103%$294K$1.4M20xas long as short
01 Exchange ZECUSD+0.0016%1h1,471.9−0.034%$8K$8K5xas long as short
Phoenix ZEC+0.0024%1h1,471.4−0.070%$4.7M$1.6M10xas long as short
ApeX Omni ZECUSDT+0.0028%1h1,470.5−0.132%$431K$845K50xas long as short
OKX ZEC-USDT-SWAP+0.0039%8h1,471.9−0.035%$181.9M$1.34B50xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,471.7−0.052%$372K100xas long as short
Popdex ZECUSDT+0.0096%1h1,471.1−0.088%$175K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,472.3−0.009%$12K$844K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,472.3−0.012%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,471.4−0.070%$2.6M$6.8M10xas long as short
Hyperliquid ZEC+0.0100%1h1,473.1+0.046%$763.8M$473.5M10xas long as short
Aster ZECUSDTlong+0.0100%8h1,472.4long leg$15.0M$32.5M75x
Pacifica ZEC+0.0100%1h1,472.7+0.016%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,472.2−0.015%$683.9M$2.45B75xas long as short
Bybit ZECUSDT+0.0100%8h1,471.7−0.049%$275.0M$648.6M75xas long as short
Arcus ZEC-USD+0.0100%1h1,472.6+0.015%$701K$8.5M10xas long as short
Bulk ZEC-USD+0.0100%1h1,470.8−0.114%$895K$33K10xas long as short
Gate ZEC_USDT+0.0100%8h1,472.7+0.020%$51.2M$177.4M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,472.3−0.012%$228.6M$818.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,472.2−0.014%$104.7M$56.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,472−0.029%$163.8M$300.8M75xas long as short
BingX ZEC-USDT+0.0100%8h1,472.3−0.008%$101.8Mas long as short
edgeX ZECUSDC+0.0100%4h1,470.1−0.160%$549K$9.2M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,470.6−0.122%$3.0M$454K10xas long as short
StandX ZEC-USD+0.0100%1h1,470.8−0.111%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,471−0.097%$333K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,471.2−0.081%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,469.5−0.201%$458K$508K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,473.8+0.090%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,471.1−0.093%$242K$4.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,470.7−0.114%$2.5M$22.5M75xas long as short
Extended ZEC-USD+0.0104%1h1,472.7+0.018%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,471.3−0.075%$28K$201K20xas long as short
Lighter ZEC+0.0112%1h1,473.8+0.096%$19.2M$50.2M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0220%1h1,472.3−0.006%$614K$1.3M25xas long as short
RISEx ZEC/USDC+0.0228%1h1,472.3−0.010%$839K$1.2M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,473.7+0.088%$3.8M$10.6M50xas long as short
Backpack ZEC_USDC_PERP+0.0496%1h1,472.1−0.020%$2.5M$3.8M15xas long as short
Lighter RH ZEC+0.0624%1h1,474.2+0.121%$2.0M$7.9M10xas long as short
Aftermath Perps ZECUSD+0.0776%1h1,472.9+0.035%$46K$46K10xas long as short