Funding you earn now, next payment 06:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.060%
Price spread now: Hyperliquid against Hotstuff+0.235%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.235% dearer against Hotstuff than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff ZEC-PERP | 1,505.2 | −0.0080 | get 0.0010% / 1h | 18m 09s | $6K | $1K | 10x |
| Short | Hyperliquid ZEC | 1,508.7 | 0.0100 | get 0.0013% / 1h | 18m 09s | $788.6M | $431.5M | 10x |
Hotstuff ZEC-PERP
Hyperliquid ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Hotstuff. 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
- $37.8
- Price spread: +0.235% → 0.000%
- $23.52
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $47.32
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago | 0.34 bp | 4.9 bp −$5 | 6.7 bp −$67 | doesn't fit | 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 | −0.3243% | 1h | 1,478 | −1.807% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0152% | 8h | 1,501.8 | −0.222% | $30.2M | $73.5M | 75x | as long as short |
| Hotstuff ZEC-PERPlong | −0.0080% | 1h | 1,505.2 | long leg | $6K | $1K | 10x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,505.5 | +0.022% | $418K | $36K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,507.9 | +0.182% | $1.7M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,506.3 | +0.078% | $86K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,507.6 | +0.161% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0065% | 8h | 1,507.7 | +0.168% | $305K | $900K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,506.4 | +0.081% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,496 | −0.610% | $4.8M | $1.3M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,505.7 | +0.035% | $142K | $1.7M | 50x | as long as short |
| Bybit ZECUSDT | +0.0098% | 8h | 1,507.1 | +0.130% | $273.4M | $609.7M | 75x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,506.2 | +0.072% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,507.3 | +0.141% | $2.9M | $6.4M | 10x | as long as short |
| Hyperliquid ZECshort | +0.0100% | 1h | 1,508.7 | +0.235% | $788.6M | $431.5M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,507.8 | +0.179% | $14.8M | $29.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,506.2 | +0.067% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,507.8 | +0.179% | $699.5M | $2.22B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,507.1 | +0.130% | $182.0M | $1.28B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,502.6 | −0.170% | $403K | $488K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,479.3 | −1.719% | $894K | $15K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,508.1 | +0.195% | $54.9M | $177.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,507.8 | +0.174% | $228.5M | $772.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,508.4 | +0.213% | $106.1M | $54.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,507.7 | +0.169% | $169.4M | $274.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,506.2 | +0.071% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,494.7 | −0.697% | $48.9M | $32.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,492.9 | −0.812% | $562K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,481.5 | −1.574% | $3.0M | $462K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,481.5 | −1.573% | $410K | $927K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,506.5 | +0.087% | $53K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,506.9 | +0.116% | $371K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,507.5 | +0.156% | $166K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,506.6 | +0.099% | $460K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,510.3 | +0.339% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,508.3 | +0.207% | $249K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,506.8 | +0.110% | $2.6M | $19.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,508.5 | +0.221% | $4.0M | $4.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,506.3 | +0.078% | $13K | $847K | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0102% / S −0.0074% | 1h | 1,507.5 | +0.156% | $402K | — | 100x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,507.9 | +0.184% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,508.3 | +0.207% | $46K | $153K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0128% | 1h | 1,508.4 | +0.218% | $716K | $1.4M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0143% | 1h | 1,508.6 | +0.230% | $18.4M | $45.9M | 25x | as long as short |
| Lighter RH ZEC | +0.0152% | 1h | 1,509.5 | +0.286% | $2.2M | $7.2M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,505.6 | +0.031% | $946K | $1.1M | 10x | as long as short |
| Lighter ZEC | +0.0216% | 1h | 1,509.6 | +0.292% | $19.8M | $44.7M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0446% | 1h | 1,508.4 | +0.215% | $2.3M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,510.1 | +0.329% | $3.7M | $9.8M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,505.5 | +0.022% | $616K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0658% | 1h | 1,490.9 | −0.947% | $50K | $60K | 10x | as long as short |
Popdex ZECUSDT
Bybit ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
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
Katana Perps ZEC-USD
GMX ZEC/USD [WBTC.b-USDC]
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Lighter RH ZEC
RISEx ZEC/USDC
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD