Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against edgeX+0.055%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.055% dearer against edgeX than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ZECUSDC	1,495.1	0.0100	pay 0.0050% / 4h	1h 05m	$573K	$9.0M	20x
Short	Hotstuff ZEC-PERP	1,496	−0.0080	pay 0.0010% / 1h	5m 16s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against edgeX. 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

Position, each leg$Hold fordaysFee edgeXbpFee HotstuffbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$37.8
Price spread: +0.055% → 0.000%: $5.51
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$46.29
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 4 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 edgeX live order book, 4 min ago	0.37 bp	4.9 bp −$5	8.6 bp −$86	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	−0.3684%	1h	1,479.6	−1.039%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,493.8	−0.091%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0143%	8h	1,494.8	−0.021%	$30.9M	$75.1M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,494.5	−0.039%	$18.1M	$46.5M	25x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,496	+0.055%	$6K	$1K	10x
dYdX ZEC-USD	0.0000%	1h	1,495.5	+0.026%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.8	+0.046%	$1.5M	$4.7M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,494.6	−0.038%	$682K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,494	−0.078%	$5.3M	—	150x	as long as short
Aftermath Perps ZECUSD	+0.0015%	1h	1,495.2	+0.008%	$48K	$64K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0080%	8h	1,493.8	−0.086%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,495.2	+0.007%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,495.1	−0.004%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,495.3	+0.012%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,495.8	+0.043%	$3.1M	$7.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,494.1	−0.071%	$13.9M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,495.8	+0.048%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,495.2	+0.003%	$696.5M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,494.4	−0.051%	$267.7M	$630.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,495.2	+0.006%	$182.5M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,494.1	−0.069%	$408K	$554K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	−0.059%	$903K	$7K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,494.1	−0.071%	$55.2M	$187.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,495	−0.010%	$243.2M	$799.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,494.8	−0.023%	$103.1M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,495.2	+0.005%	$160.8M	$289.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,494.1	−0.067%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.2	+0.003%	$48.9M	$34.8M	—	as long as short
edgeX ZECUSDClong	+0.0100%	4h	1,495.1	long leg	$573K	$9.0M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,494.7	−0.026%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,496.3	+0.081%	$412K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,496.1	+0.064%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495.2	+0.005%	$358K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,493.9	−0.079%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,495.2	+0.003%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,495.7	+0.040%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,494.2	−0.062%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,494.5	−0.039%	$2.7M	$20.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,494.5	−0.040%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,494.1	−0.069%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,493.8	−0.087%	$43K	$151K	20x	as long as short
Hyperliquid ZEC	+0.0105%	1h	1,495.6	+0.032%	$780.4M	$446.2M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,495.5	+0.025%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,495.4	+0.015%	$939K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,496.6	+0.098%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0137% / S −0.0133%	1h	1,493.7	−0.098%	$396K	—	100x	as long as short
Lighter RH ZEC	+0.0192%	1h	1,496.1	+0.063%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,496.3	+0.080%	$610K	$8.7M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0259%	1h	1,495.5	+0.028%	$2.3M	$3.9M	15x	as long as short
Lighter ZEC	+0.0264%	1h	1,496	+0.059%	$19.6M	$47.1M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,495.4	+0.017%	$3.7M	$10.1M	50x	as long as short