Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: KuCoin against Hotstuff−0.032%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 KuCoin

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. KuCoin is 0.032% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 14 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	1,453.3	−0.0080	get 0.0010% / 1h	40m 25s	$6K	$1K	10x
Short	KuCoin ZECUSDTM	1,452.8	0.0100	get 0.0100% / 8h	4h 40m	$102.2M	$54.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.032%Rate

Funding earned: $37.8
Price spread: −0.032% → 0.000%: −$3.23
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $17.57
Costs to cover: 0.170%
Break-even: 3.7 days

Slippage unknown: Hotstuff: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	1.10 bp	11.5 bp −$12	17.9 bp −$179	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	−0.3166%	1h	1,450	−0.226%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,453.3	long leg	$6K	$1K	10x
BloFin ZEC-USDT	−0.0070%	8h	1,451.3	−0.135%	$29.2M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,452.5	−0.054%	$409K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,450.1	−0.215%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453	−0.020%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,450	−0.226%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0060%	8h	1,450.2	−0.211%	$290K	$957K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0065% / S −0.0016%	1h	1,449.9	−0.232%	$407K	—	100x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,452.9	−0.023%	$8K	$7K	5x	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	1,452.7	−0.038%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,452.1	−0.083%	$11K	$872K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453	−0.021%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453	−0.020%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,453.8	+0.036%	$756.1M	$435.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,452.7	−0.038%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453	−0.017%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,452.8	−0.029%	$666.8M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,452.3	−0.066%	$261.2M	$602.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,452.6	−0.044%	$177.4M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,448.7	−0.314%	$394K	$444K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,450.7	−0.177%	$875K	$29K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,452.7	−0.037%	$50.0M	$173.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,452.9	−0.028%	$216.4M	$769.9M	150x	as long as short
KuCoin ZECUSDTMshort	+0.0100%	8h	1,452.8	−0.032%	$102.2M	$54.8M	75x
Bitget ZECUSDT	+0.0100%	8h	1,452.9	−0.027%	$165.0M	$273.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,452.2	−0.077%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,451.9	−0.097%	$2.4M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,449.4	−0.264%	$47.5M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.6	−0.184%	$565K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,450.6	−0.186%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,449.9	−0.233%	$403K	$921K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.2	−0.210%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.3	−0.067%	$366K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452.7	−0.038%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,449.1	−0.286%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,452.4	−0.058%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,450.4	−0.197%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,450	−0.228%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,451	−0.156%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,452.6	−0.046%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,449.7	−0.248%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,450.5	−0.193%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0278%	1h	1,450.9	−0.166%	$609K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0278%	1h	1,450.5	−0.190%	$18.0M	$44.9M	25x	as long as short
Lighter ZEC	+0.0328%	1h	1,454.3	+0.070%	$19.1M	$45.9M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,452.9	−0.023%	$920K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,452.2	−0.076%	$3.8M	$9.0M	50x	as long as short
Lighter RH ZEC	+0.0480%	1h	1,454.8	+0.104%	$2.0M	$6.9M	10x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,450.8	−0.173%	$738K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0675%	1h	1,450.9	−0.166%	$44K	$49K	10x	as long as short