Funding you earn now, next payment 05:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.029%
Price spread now: Hotstuff against Variational Omni−0.184%46s7-day average — · you buy dearer than you sell
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 airdropVariational Omni: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.184% cheaper against Variational Omni than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ZEC | 1,465.8 | 0.0100 | pay 0.0100% / 8h | 3h 01m | $48.1M | $32.4M | — |
| Short | Hotstuff ZEC-PERP | 1,463.1 | −0.0080 | pay 0.0010% / 1h | 1m 39s | $6K | $1K | 10x |
Variational Omni ZEC
Hotstuff ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Variational Omni. 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: −0.184% → 0.000%
- −$18.41
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$61.21
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago | 2.77 bp | doesn't fit | 5.3 bp −$53 | 14.4 bp −$1,445 | 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 | −0.3042% | 1h | 1,465 | −0.061% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERPshort | −0.0080% | 1h | 1,463.1 | −0.184% | $6K | $1K | 10x | |
| BloFin ZEC-USDT | −0.0072% | 8h | 1,462.7 | −0.217% | $29.6M | $70.7M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,462 | −0.263% | $406K | $37K | 5x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,461.8 | −0.276% | $84K | $239K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,462.3 | −0.242% | $615K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,461.7 | −0.281% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0062% | 8h | 1,461.7 | −0.283% | $292K | $900K | 20x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0070% | 1h | 1,464.3 | −0.105% | $397K | $436K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0090% / S −0.0042% | 1h | 1,461.7 | −0.281% | $436K | — | 100x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Ondo Perps ZEC-USD.P
GMX ZEC/USD [WBTC.b-USDC]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,461.9 | −0.271% | $174K | $1.6M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,462.8 | −0.205% | $14K | $799K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,462.8 | −0.205% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.4 | −0.236% | $2.9M | $6.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,462.6 | −0.220% | $14.5M | $27.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,463.1 | −0.190% | $1.7M | $2.3M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,463 | −0.194% | $674.4M | $2.17B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,462.7 | −0.216% | $261.6M | $585.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,462.7 | −0.213% | $178.5M | $1.20B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,462.8 | −0.207% | $884K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,462 | −0.260% | $52.5M | $173.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,463 | −0.191% | $217.6M | $776.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,463.2 | −0.183% | $103.1M | $52.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,462.4 | −0.238% | $166.3M | $267.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,461.2 | −0.318% | — | $6.7M | — | as long as short |
| Variational Omni ZEClong | +0.0100% | 8h | 1,465.8 | long leg | $48.1M | $32.4M | — | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,465.4 | −0.029% | $570K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,465.7 | −0.007% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,463.9 | −0.132% | $404K | $920K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,464.8 | −0.074% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,462 | −0.262% | $357K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,461.7 | −0.280% | $161K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,460.9 | −0.337% | $446K | $504K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,464.2 | −0.110% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,461.8 | −0.277% | $234K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,461 | −0.330% | $2.7M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,462.3 | −0.243% | $3.9M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,461.8 | −0.276% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,461.7 | −0.283% | $47K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,462.1 | −0.253% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,465.4 | −0.033% | $4.7M | $1.3M | 10x | as long as short |
| Kalshi KXZECPERP | +0.0127% | 8h | 1,462.9 | −0.201% | $1.5M | $4.4M | 2.2x | as long as short |
| Lighter RH ZEC | +0.0128% | 1h | 1,463.7 | −0.147% | $2.1M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0146% | 1h | 1,463.2 | −0.180% | $762.4M | $419.6M | 10x | as long as short |
| Lighter ZEC | +0.0160% | 1h | 1,464 | −0.125% | $19.3M | $45.8M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,462.3 | −0.240% | $925K | $1.1M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0315% | 1h | 1,462.4 | −0.233% | $2.4M | $3.8M | 15x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0331% | 1h | 1,461.7 | −0.281% | $18.0M | $45.5M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,463.6 | −0.152% | $673K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,464 | −0.127% | $3.8M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0685% | 1h | 1,463.6 | −0.151% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Phoenix ZEC
Kalshi KXZECPERP
Lighter RH ZEC
Hyperliquid ZEC
Lighter ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD