Funding you earn now, next payment 03:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.069%
Price spread now: Hotstuff against Backpack+0.006%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZEC_USDC_PERP | 1,449.5 | 0.0100 | pay 0.0013% / 1h | 38m 26s | $2.3M | $3.8M | 15x |
| Short | Hotstuff ZEC-PERP | 1,449.6 | −0.0080 | pay 0.0010% / 1h | 38m 26s | $6K | $1K | 10x |
Backpack ZEC_USDC_PERP
Hotstuff ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Backpack. 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: +0.006% → 0.000%
- $0.62
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$52.18
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Backpack: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 1 min ago | 0.04 bp | 7.6 bp −$8 | 20.8 bp −$208 | 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 | −0.3244% | 1h | 1,453.3 | +0.261% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERPshort | −0.0080% | 1h | 1,449.6 | +0.006% | $6K | $1K | 10x | |
| BloFin ZEC-USDT | −0.0079% | 8h | 1,449.9 | +0.031% | $29.3M | $70.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,448.4 | −0.077% | $408K | $45K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,449.8 | +0.023% | $957K | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,450.7 | +0.083% | $83K | $248K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,448.5 | −0.065% | $609K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,448.3 | −0.086% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0039% | 8h | 1,448.8 | −0.051% | $289K | $979K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0053% / S −0.0009% | 1h | 1,449.4 | −0.004% | $374K | — | 100x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0060% | 1h | 1,445.9 | −0.248% | $396K | $431K | 5x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,454.9 | +0.375% | $4.6M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,449.5 | +0.001% | $173K | $1.8M | 50x | as long as short |
| Gate ZEC_USDT | +0.0096% | 8h | 1,449.6 | +0.006% | $49.2M | $172.2M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,448.5 | −0.068% | $13K | $855K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,449.5 | +0.004% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,450.2 | +0.051% | $2.5M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,450.5 | +0.072% | $755.3M | $433.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,449.6 | +0.008% | $14.4M | $28.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,449.8 | +0.020% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,449.3 | −0.011% | $665.4M | $2.26B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,448.4 | −0.073% | $266.3M | $609.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,449 | −0.034% | $178.5M | $1.23B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,458.7 | +0.632% | $886K | $16K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,449.8 | +0.019% | $212.2M | $773.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,449.3 | −0.011% | $101.8M | $55.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,448.9 | −0.041% | $160.7M | $277.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,449.2 | −0.019% | — | $97.3M | — | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0100% | 1h | 1,449.5 | long leg | $2.3M | $3.8M | 15x | |
| Variational Omni ZEC | +0.0100% | 8h | 1,454.9 | +0.374% | $47.2M | $32.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.5 | +0.480% | $567K | $8.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.3 | +0.675% | $3.0M | $418K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.9 | +0.646% | $420K | $883K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,450.6 | +0.073% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,449.4 | −0.006% | $322K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,449.7 | +0.017% | $134K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,447.1 | −0.166% | $442K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,451.3 | +0.126% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,449.1 | −0.030% | $232K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,448.6 | −0.063% | $2.6M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,450.1 | +0.042% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,448.2 | −0.090% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,448.2 | −0.088% | $48K | $155K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,450.2 | +0.051% | $8K | $7K | 5x | as long as short |
| Lighter ZEC | +0.0144% | 1h | 1,450.8 | +0.090% | $19.0M | $46.2M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0197% | 1h | 1,449.2 | −0.020% | $17.7M | $44.2M | 25x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,452.6 | +0.215% | $724K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0312% | 1h | 1,450.7 | +0.086% | $2.0M | $6.8M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,450.2 | +0.051% | $824K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,449.8 | +0.022% | $3.6M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0709% | 1h | 1,456.5 | +0.486% | $43K | $46K | 10x | as long as short |
Ondo Perps ZEC-USD.P
Phoenix ZEC
Popdex ZECUSDT
Gate ZEC_USDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
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
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Lighter ZEC
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD