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: HTX against Hotstuff−0.140%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 HTX

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. HTX is 0.140% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.140% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.6 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	1,478.4	−0.0080	get 0.0010% / 1h	29m 19s	$6K	$1K	10x
Short	HTX ZEC-USDT	1,476.3	0.0100	get 0.0100% / 8h	1h 29m	$2.6M	$19.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.140%Rate

Funding earned: $37.8
Price spread: −0.140% → 0.000%: −$14
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $6.8
Costs to cover: 0.170%
Break-even: 5.7 days

Slippage unknown: Hotstuff: no order-book sample; HTX: 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 HTX live order book, 5 min ago	1.69 bp	9.0 bp −$9	13.7 bp −$137	34.3 bp −$3,428	94.6 bp −$47.3K

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	1,462	−1.105%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0166%	1h	1,477.1	−0.086%	$892K	$9K	10x	as long as short
BloFin ZEC-USDT	−0.0131%	8h	1,478	−0.028%	$30.5M	$73.8M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,477.3	−0.074%	$17.9M	$47.2M	25x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,478.4	long leg	$6K	$1K	10x
dYdX ZEC-USD	0.0000%	1h	1,477.7	−0.046%	$411K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,479	+0.041%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,475.8	−0.172%	$63K	$303K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,478	−0.023%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0077%	8h	1,477	−0.094%	$297K	$1.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,477.6	−0.054%	$164K	$1.8M	50x	as long as short
Aftermath Perps ZECUSD	+0.0097%	1h	1,477.6	−0.051%	$47K	$64K	10x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,477.1	−0.083%	$10K	$869K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,477.8	−0.041%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,477	−0.092%	$13.8M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,478.1	−0.022%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,477.2	−0.077%	$687.7M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,476.8	−0.104%	$263.5M	$632.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,476.8	−0.103%	$179.0M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,475.2	−0.214%	$403K	$508K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477.4	−0.063%	$54.2M	$182.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477.5	−0.058%	$241.0M	$784.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,478	−0.026%	$101.1M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,477.2	−0.079%	$158.9M	$288.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,477.6	−0.052%	—	$115.2M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,478.8	+0.026%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,477.6	−0.051%	$48.1M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,477.2	−0.082%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,478.3	−0.002%	$3.0M	$498K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.9	−0.101%	$406K	$935K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,479.1	+0.049%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,477.4	−0.066%	$357K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,477.3	−0.071%	$162K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473.4	−0.336%	$450K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,479.7	+0.087%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,477.1	−0.088%	$251K	$3.5M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,476.3	−0.140%	$2.6M	$19.7M	75x
Phemex ZECUSDT	+0.0100%	8h	1,477.8	−0.041%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,477.7	−0.045%	$61K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,477	−0.093%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,477	−0.095%	$42K	$152K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0127%	1h	1,477.7	−0.043%	$675K	$1.4M	25x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,478.5	+0.006%	$925K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,478.9	+0.034%	$4.7M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0143% / S −0.0148%	1h	1,478.1	−0.018%	$479K	—	100x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,477.8	−0.038%	$8K	$7K	5x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,479.4	+0.070%	$633K	$8.6M	10x	as long as short
Hyperliquid ZEC	+0.0251%	1h	1,479.3	+0.063%	$767.7M	$442.3M	10x	as long as short
Lighter RH ZEC	+0.0256%	1h	1,478.4	+0.001%	$2.1M	$7.4M	10x	as long as short
Lighter ZEC	+0.0320%	1h	1,479.6	+0.086%	$19.4M	$45.8M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,479.6	+0.084%	$3.6M	$9.9M	50x	as long as short