Funding you earn now, next payment 09:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.049%
Price spread now: Hotstuff against Bullet−0.035%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.035% cheaper against Bullet than usual: you would sell low and buy high (−$3 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 | Bullet ZEC-USD | 1,507.2 | 0.0100 | pay 0.0013% / 1h | 35m 46s | $169K | $194K | 20x |
| Short | Hotstuff ZEC-PERP | 1,506.7 | −0.0080 | pay 0.0010% / 1h | 35m 46s | $6K | $1K | 10x |
Bullet ZEC-USD
Hotstuff ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Bullet. 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: −0.035% → 0.000%
- −$3.47
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$54.27
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Bullet: live order book, 63 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 Bullet live order book, 63 min ago | 0.40 bp | 5.9 bp −$6 | 12.3 bp −$123 | 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 | −0.3702% | 1h | 1,491.4 | −1.048% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,505.7 | −0.103% | $62K | $305K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0182% | 1h | 1,509.5 | +0.151% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0149% | 8h | 1,507.2 | −0.001% | $31.7M | $76.7M | 75x | as long as short |
| Bulk ZEC-USD | −0.0098% | 1h | 1,506.5 | −0.045% | $775K | $147K | 10x | as long as short |
| Hotstuff ZEC-PERPshort | −0.0080% | 1h | 1,506.7 | −0.035% | $6K | $1K | 10x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,506.5 | −0.048% | $418K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,508.1 | +0.056% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,507.3 | +0.002% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,508.3 | +0.069% | $18.3M | $47.6M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Bulk ZEC-USD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,506.6 | −0.040% | $8K | $6K | 5x | as long as short |
| Gate ZEC_USDT | +0.0067% | 8h | 1,507.4 | +0.012% | $60.6M | $185.1M | 75x | as long as short |
| ApeX Omni ZECUSDT | +0.0078% | 1h | 1,507.8 | +0.042% | $414K | $952K | 50x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,509.3 | +0.135% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0085% | 8h | 1,507.7 | +0.034% | $304K | $861K | 20x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,508.6 | +0.094% | $19.5M | $44.8M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,508.8 | +0.108% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,506.4 | −0.054% | $172K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,506.1 | −0.075% | $62K | $18K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,506 | −0.083% | $16K | $898K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,506.4 | −0.053% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,508.4 | +0.082% | $789.8M | $445.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,506.9 | −0.020% | $14.2M | $30.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,506.4 | −0.055% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,507.7 | +0.030% | $712.6M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,507.2 | +0.002% | $270.4M | $624.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,507.3 | +0.004% | $185.6M | $1.38B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,505.7 | −0.100% | $411K | $544K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,507 | −0.013% | $611K | $9.0M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,507.7 | +0.032% | $407.2M | $833.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,507.3 | +0.008% | $103.0M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,507.8 | +0.038% | $163.1M | $295.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,507.1 | −0.006% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,506.9 | −0.018% | $49.9M | $35.9M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,508.2 | +0.065% | $556K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,506.5 | −0.045% | $3.1M | $533K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,506.8 | −0.031% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,506.6 | −0.041% | $374K | $1.7M | 10x | as long as short |
| Bullet ZEC-USDlong | +0.0100% | 1h | 1,507.2 | long leg | $169K | $194K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,506.3 | −0.063% | $450K | $419K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,508.1 | +0.060% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,507.7 | +0.033% | $255K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,507.1 | −0.008% | $2.7M | $21.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,507.9 | +0.046% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,507.4 | +0.013% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,507.5 | +0.021% | $45K | $153K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,507 | −0.017% | $968K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0158% / S −0.0162% | 1h | 1,507.3 | +0.009% | $334K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0300% | 1h | 1,508.8 | +0.106% | $691K | $1.4M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,507.8 | +0.036% | $3.8M | $10.0M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0410% | 1h | 1,508.1 | +0.058% | $2.4M | $3.8M | 15x | as long as short |
01 Exchange ZECUSD
Gate ZEC_USDT
ApeX Omni ZECUSDT
Phoenix ZEC
Orderly PERP_ZEC_USDC
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP