Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.044%

Price spread now: BingX against Hotstuff−0.241%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. BingX is 0.241% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.241% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 4.5 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff ZEC-PERP	1,470.6	−0.0080	get 0.0010% / 1h	2m 27s	$6K	$1K	10x
Short	BingX ZEC-USDC	1,467	0.0100	get 0.0100% / 8h	6h 02m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hotstuff. 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 HotstuffbpFee BingXbpOrdersPrice spread, now −0.241%Rate

Funding earned: $37.8
Price spread: −0.241% → 0.000%: −$24.14
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1.34
Costs to cover: 0.150%
Break-even: 7.2 days

Slippage unknown: Hotstuff: no order-book sample; BingX: live order book, 5 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	0.55 bp	10.7 bp −$11	15.8 bp −$158	33.5 bp −$3,355	80.9 bp −$40.4K

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	−1.260%	$33K	$274K	12x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,470.6	long leg	$6K	$1K	10x
Ondo Perps ZEC-USD.P	−0.0039%	1h	1,464.8	−0.391%	$398K	$501K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,469.3	−0.088%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.4	−0.148%	$413K	$49K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,470.3	−0.020%	$972K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,467	−0.241%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,469.7	−0.056%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0031%	8h	1,469.6	−0.067%	$293K	$987K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,469.8	−0.053%	$384K	—	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0056%	1h	1,467.3	−0.221%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,466.6	−0.268%	$4.6M	$1.5M	10x	as long as short
Variational Omni ZEC	+0.0072%	8h	1,466.6	−0.267%	$47.9M	$32.6M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0093%	8h	1,467.3	−0.220%	$180.9M	$1.24B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.1	−0.235%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,466.8	−0.258%	$17K	$844K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467.4	−0.217%	$60K	$41K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.5	−0.206%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.8	−0.119%	$765.1M	$434.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.1	−0.169%	$14.8M	$29.3M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468	−0.177%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.1	−0.233%	$678.0M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,467.2	−0.225%	$271.3M	$606.9M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.270%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,467.8	−0.185%	$50.2M	$177.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.7	−0.192%	$216.6M	$803.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.2	−0.231%	$103.1M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.3	−0.218%	$163.0M	$276.3M	75x	as long as short
BingX ZEC-USDCshort	+0.0100%	8h	1,467	−0.241%	—	$6.7M	—
edgeX ZECUSDC	+0.0100%	4h	1,466	−0.309%	$570K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.2	−0.160%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.3	−0.290%	$426K	$884K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.1	−0.033%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,467	−0.241%	$343K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.5	−0.208%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.3	−0.154%	$448K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.2	+0.111%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.6	−0.065%	$242K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469.6	−0.063%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469.1	−0.097%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,467.2	−0.226%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,469.8	−0.054%	$48K	$155K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0184%	1h	1,470.5	−0.004%	$612K	$1.3M	25x	as long as short
Lighter ZEC	+0.0224%	1h	1,468.7	−0.125%	$19.2M	$48.3M	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,469.3	−0.082%	$692K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,469.4	−0.076%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,468	−0.176%	$851K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0418%	1h	1,469.3	−0.088%	$2.4M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,472.4	+0.128%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0731%	1h	1,470	−0.034%	$43K	$46K	10x	as long as short