Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.018%

Price spread now: Bybit against Hotstuff−0.073%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 Bybit

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 airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Bybit is 0.073% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 32 hours 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	1,453.8	−0.0080	get 0.0010% / 1h	49m 34s	$6K	$1K	10x
Short	Bybit ZECUSDT	1,452.7	0.0100	get 0.0100% / 8h	3h 49m	$260.8M	$600.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.073%Rate

Funding earned: $37.8
Price spread: −0.073% → 0.000%: −$7.29
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $14.51
Costs to cover: 0.160%
Break-even: 4.3 days

Slippage unknown: Hotstuff: no order-book sample; Bybit: 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 Bybit live order book, 5 min ago	0.03 bp	5.9 bp −$6	7.9 bp −$79	15.7 bp −$1,569	doesn't fit

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	−0.3042%	1h	1,455.4	+0.111%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,453.8	long leg	$6K	$1K	10x
BloFin ZEC-USDT	−0.0071%	8h	1,454.2	+0.031%	$29.4M	$70.5M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,453.1	−0.047%	$409K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454.2	+0.030%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453.4	−0.030%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,453.6	−0.011%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,453.3	−0.032%	$290K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0078% / S −0.0027%	1h	1,453.3	−0.033%	$432K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,453.1	−0.050%	$173K	$1.7M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,453.3	−0.034%	$10K	$848K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453.3	−0.036%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,454.1	+0.025%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,453.4	−0.026%	$14.7M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453.7	−0.006%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,453	−0.052%	$667.3M	$2.20B	75x	as long as short
Bybit ZECUSDTshort	+0.0100%	8h	1,452.7	−0.073%	$260.8M	$600.5M	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,453.2	−0.040%	$177.6M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,452.7	−0.074%	$395K	$440K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454	+0.016%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.2	−0.041%	$50.5M	$170.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.3	−0.036%	$215.6M	$765.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,453.8	−0.001%	$102.5M	$53.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,453.5	−0.023%	$165.3M	$270.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,453	−0.053%	—	$105.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,453	−0.052%	$47.6M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,455.8	+0.139%	$566K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.5	+0.188%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457	+0.221%	$404K	$941K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,455.5	+0.116%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.9	−0.061%	$353K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,453.5	−0.017%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,452.2	−0.109%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,455.2	+0.096%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,453.4	−0.023%	$233K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,453.2	−0.038%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,454.4	+0.040%	$3.8M	$5.0M	50x	as long as short
Lighter RH ZEC	+0.0104%	1h	1,455	+0.086%	$2.1M	$7.0M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.3	−0.033%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,453.4	−0.026%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,457.5	+0.255%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,453.4	−0.024%	$8K	$7K	5x	as long as short
Hyperliquid ZEC	+0.0127%	1h	1,454.9	+0.077%	$756.8M	$428.5M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0168%	1h	1,453.9	+0.010%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0184%	1h	1,454.7	+0.066%	$19.2M	$44.7M	20x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,453.3	−0.034%	$920K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0228%	1h	1,454.2	+0.028%	$614K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,453.4	−0.027%	$18.0M	$45.1M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,455.3	+0.107%	$688K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,456.9	+0.215%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0679%	1h	1,455.3	+0.106%	$45K	$49K	10x	as long as short