Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h −0.038%

Price spread now: Hotstuff against OKX+0.043%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Hotstuff

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

The price spread pays, funding is against you. Hotstuff is 0.043% dearer against OKX than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEC-USDT-SWAP	1,472.1	0.0079	pay 0.0079% / 8h	6h 45m	$181.2M	$1.28B	50x
Short	Hotstuff ZEC-PERP	1,472.7	−0.0080	pay 0.0010% / 1h	45m 19s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against OKX. 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 OKXbpFee HotstuffbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$33.46
Price spread: +0.043% → 0.000%: $4.28
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$44.18
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Hotstuff: no order-book sample. 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 OKX live order book, 4 min ago	0.03 bp	5.0 bp −$5	7.7 bp −$77	18.1 bp −$1,810	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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	−0.3678%	1h	1,475.7	+0.250%	$34K	$274K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0086%	1h	1,473	+0.064%	$400K	$517K	5x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,472.7	+0.043%	$6K	$1K	10x
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,472.9	+0.054%	$18.0M	$43.4M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.1	+0.071%	$415K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,471.8	−0.018%	$958K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.8	+0.052%	$84K	$405K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.6	+0.039%	$5.2M	—	150x	as long as short
BloFin ZEC-USDT	+0.0012%	8h	1,475.2	+0.213%	$29.6M	$73.3M	75x	as long as short
Variational Omni ZEC	+0.0016%	8h	1,474	+0.132%	$48.1M	$33.4M	—	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0026%	8h	1,472.3	+0.019%	$294K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,473.1	+0.071%	$8K	$9K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.5	+0.031%	$383K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,473.7	+0.112%	$4.7M	$1.5M	10x	as long as short
Gate ZEC_USDT	+0.0075%	8h	1,472.6	+0.035%	$50.1M	$174.2M	75x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0079%	8h	1,472.1	long leg	$181.2M	$1.28B	50x
Popdex ZECUSDT	+0.0096%	1h	1,472.8	+0.049%	$172K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,472.6	+0.037%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.3	+0.014%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472.9	+0.060%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.6	+0.105%	$766.8M	$449.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.3	+0.017%	$14.9M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.8	+0.053%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.2	+0.011%	$682.2M	$2.34B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,471.9	−0.011%	$271.4M	$626.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.6	+0.039%	$218.5M	$792.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.1	+0.067%	$103.7M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.8	+0.050%	$163.3M	$286.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,472.3	+0.014%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,474.3	+0.152%	$574K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,476	+0.265%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474.5	+0.166%	$429K	$905K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474.6	+0.173%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.4	+0.023%	$342K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.5	+0.030%	$128K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471	−0.072%	$458K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.7	+0.177%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.4	+0.025%	$243K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.7	+0.114%	$2.5M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473	+0.061%	$3.8M	$5.3M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.6	+0.176%	$897K	$17K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.4	+0.023%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472	−0.007%	$51K	$164K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0214%	1h	1,473.2	+0.075%	$606K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,474	+0.130%	$2.1M	$7.0M	10x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,473.9	+0.126%	$685K	$8.7M	10x	as long as short
Lighter ZEC	+0.0320%	1h	1,474	+0.132%	$19.2M	$48.0M	20x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,473.3	+0.083%	$855K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,474.6	+0.173%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0568%	1h	1,474.3	+0.149%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0737%	1h	1,474.5	+0.165%	$44K	$46K	10x	as long as short