Funding you earn now, next payment 02:00 UTC−0.0326%/8h= −35.7% APRnext payment −$0.41 per $10,000 · paid last 24h −0.038%
Price spread now: Hotstuff against Deribit−0.126%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 0.126% cheaper against Deribit than usual: you would sell low and buy high (−$13 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 | Deribit ZEC_USDC-PERPETUAL | 1,469.4 | 0.0246 | pay 0.0031% / 1h | 1m 05s | $611K | $1.3M | 25x |
| Short | Hotstuff ZEC-PERP | 1,467.6 | −0.0080 | pay 0.0010% / 1h | 1m 05s | $6K | $1K | 10x |
Deribit ZEC_USDC-PERPETUAL
Hotstuff ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Deribit. 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
- −$68.5
- Price spread: −0.126% → 0.000%
- −$12.64
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$93.14
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 3 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 Deribit live order book, 3 min ago | 5.10 bp | 8.6 bp −$9 | 13.4 bp −$134 | 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 | 1,452 | −1.186% | $33K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERPshort | −0.0080% | 1h | 1,467.6 | −0.126% | $6K | $1K | 10x | |
| Ondo Perps ZEC-USD.P | −0.0037% | 1h | 1,464.8 | −0.316% | $398K | $471K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,468.8 | −0.043% | $18.1M | $43.5M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,468.4 | −0.073% | $413K | $49K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.7 | −0.048% | $972K | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,468.5 | −0.063% | $84K | $249K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,468.7 | −0.052% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0032% | 8h | 1,468.6 | −0.058% | $293K | $984K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,468.7 | −0.052% | $384K | — | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,469 | −0.028% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,466.6 | −0.193% | $4.6M | $1.5M | 10x | as long as short |
| Variational Omni ZEC | +0.0079% | 8h | 1,468.1 | −0.091% | $48.0M | $32.4M | — | as long as short |
| OKX ZEC-USDT-SWAP | +0.0093% | 8h | 1,468.9 | −0.039% | $181.0M | $1.24B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,468.8 | −0.047% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,467.7 | −0.122% | $17K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,467.9 | −0.107% | $61K | $41K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,468.7 | −0.052% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,469.7 | +0.017% | $765.4M | $434.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.6 | −0.059% | $14.8M | $29.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,468 | −0.100% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468.7 | −0.051% | $678.7M | $2.26B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,468.6 | −0.061% | $271.5M | $605.8M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,466.6 | −0.195% | $890K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,468.6 | −0.058% | $50.2M | $177.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,468.8 | −0.043% | $216.2M | $803.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,468.7 | −0.052% | $103.2M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.7 | −0.049% | $163.1M | $276.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,468.6 | −0.058% | — | $98.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469.6 | +0.010% | $572K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.3 | −0.075% | $3.0M | $430K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.5 | +0.004% | $427K | $881K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467.8 | −0.114% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,468.5 | −0.064% | $343K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.8 | −0.045% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,467.2 | −0.151% | $448K | $512K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,471.2 | +0.117% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.7 | −0.049% | $242K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,468.7 | −0.054% | $2.5M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469 | −0.028% | $3.9M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,468.6 | −0.057% | $2.8M | $7.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468.5 | −0.061% | $48K | $155K | 20x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,470.1 | +0.045% | $19.2M | $48.3M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0246% | 1h | 1,469.4 | long leg | $611K | $1.3M | 25x | |
| Arcus ZEC-USD | +0.0254% | 1h | 1,470 | +0.036% | $694K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0296% | 1h | 1,470.6 | +0.077% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,469 | −0.028% | $852K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0413% | 1h | 1,469.2 | −0.020% | $2.4M | $3.9M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,469.3 | −0.008% | $3.6M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0733% | 1h | 1,469.7 | +0.018% | $43K | $46K | 10x | as long as short |
01 Exchange ZECUSD
Phoenix ZEC
Variational Omni ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
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-USDT
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
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD