ZEC

Alert

Funding spread now, next payment 15:00 UTC−0.0288%/8h

next payment, per $10,000−$0.36paid, last 24h−0.120%paid, last 3 days−0.080%to open and closeno order book

Long on Coinbase International Short on Hotstuff

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.080% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,502.3	0.0208	pay 0.0026% / 1h	5m 59s	$3.9M	$13.8M	50x
Short	Hotstuff ZEC-PERP	1,499.5	−0.0080	pay 0.0010% / 1h	5m 59s	$6K	$2K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HotstuffbpOrdersRate

Funding earned: −$60.48
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$75.48
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 5 min ago; Hotstuff: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.186%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 5 min ago	1.93 bp	12.4 bp −$12	14.6 bp −$146	45.0 bp −$4,496	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.5000%	1h	$34K	$72K	12x	as long as short
ApeX Omni ZECUSDT	−0.0460%	1h	$985K	$349K	50x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	$6K	$2K	10x
01 Exchange ZECUSD	−0.0072%	1h	$9K	$11K	5x	as long as short
Aster ZECUSDT	−0.0042%	8h	$15.4M	$37.9M	75x	as long as short
Bybit ZECUSDT	−0.0030%	8h	$288.6M	$780.3M	75x	as long as short
Orderly PERP_ZEC_USDC	−0.0018%	8h	$269K	$1.8M	20x	as long as short
Bitget ZECUSDT	−0.0016%	8h	$167.0M	$329.0M	75x	as long as short
BloFin ZEC-USDT	−0.0013%	8h	$31.6M	$82.3M	75x	as long as short
BingX ZEC-USDC	−0.0004%	8h	—	$6.9M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC ZEC_USDT	−0.0003%	8h	$214.0M	$1.01B	150x	as long as short
OKX ZEC-USDT-SWAP	−0.0003%	8h	$186.8M	$1.67B	50x	as long as short
Binance ZECUSDT	−0.0002%	8h	$699.7M	$2.90B	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	$422K	$116K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	$873K	$6.3M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	$584K	$1.3M	25x	as long as short
Bullet ZEC-USD	0.0000%	1h	$51K	$116K	20x	as long as short
Phoenix ZEC	+0.0003%	1h	$4.8M	$1.4M	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	$5.3M	—	150x	as long as short
SoDEX ZEC-USD	+0.0019%	1h	$226K	$5.5M	10x	as long as short
Gate ZEC_USDT	+0.0022%	8h	$52.5M	$222.9M	75x	as long as short
Variational Omni ZEC	+0.0037%	8h	$48.6M	$34.4M	—	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$39K	$362K	20x	as long as short
Bulk ZEC-USD	+0.0080%	1h	$905K	$67K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0080%	8h	$62K	$38K	10x	as long as short
RISEx ZEC/USDC	+0.0093%	1h	$861K	$2.9M	10x	as long as short
Katana Perps ZEC-USD	+0.0094%	8h	$18K	$1.2M	10x	as long as short
Lighter ZEC	+0.0096%	1h	$20.1M	$61.3M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	$1.8M	$8.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	$165K	$2.3M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	$3.1M	$8.0M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	$803.9M	$677.1M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	$1.7M	$3.7M	10x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	$381K	$745K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	$680K	$6.1M	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$104.7M	$71.4M	75x	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	$2.3M	$3.5M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	$503K	$10.7M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$68K	$3.1M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	$305K	$3.5M	10x	as long as short
Derive ZEC-PERP	+0.0100%	1h	$496K	$262K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	$3K	$1.4M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	$2.6M	$31.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	$4.0M	$6.5M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	$3.4M	$4.7M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0135% / S +0.0004%	1h	$557K	—	100x	as long as short
Kraken Futures PF_ZECUSD	+0.0172%	1h	$18.4M	$45.6M	25x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0208%	1h	$3.9M	$13.8M	50x
Perpl ZEC	+0.0447%	43m	$77K	$439K	10x	as long as short
Aftermath Perps ZECUSD	+0.0447%	1h	$38K	$22K	10x	as long as short