Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.044%

Price spread now: Hotstuff against Binance+0.248%52s7-day average — · you sell dearer than you buy

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

Long on Binance Short on Hotstuff

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

The price spread pays, funding is against you. Hotstuff is 0.248% dearer against Binance than usual: you sell high and buy low (spread +0.248% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.6 days. The two prices were read 52 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	Binance ZECUSDT	1,453.7	0.0100	pay 0.0100% / 8h	3h 51m	$667.6M	$2.20B	75x
Short	Hotstuff ZEC-PERP	1,457.3	−0.0080	pay 0.0010% / 1h	51m 47s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Binance. 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 BinancebpFee HotstuffbpOrdersPrice spread, now +0.248%Rate

Funding earned: −$37.8
Price spread: +0.248% → 0.000%: $24.76
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$28.04
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Binance: live order book, 7 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 Binance live order book, 7 min ago	0.03 bp	5.0 bp −$5	7.0 bp −$70	18.0 bp −$1,795	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	1,455.8	+0.144%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,457.3	+0.248%	$6K	$1K	10x
BloFin ZEC-USDT	−0.0071%	8h	1,457.2	+0.240%	$29.6M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,454.3	+0.041%	$410K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,456.1	+0.165%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,454.9	+0.085%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,454.5	+0.055%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,454.4	+0.050%	$291K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0072% / S −0.0024%	1h	1,454.4	+0.048%	$409K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,455.2	+0.105%	$173K	$1.7M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,455.4	+0.118%	$10K	$858K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453.9	+0.014%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,456.1	+0.162%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,453.9	+0.017%	$14.7M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453.7	+0.002%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,453.7	long leg	$667.6M	$2.20B	75x
Bybit ZECUSDT	+0.0100%	8h	1,453	−0.047%	$260.9M	$600.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,453.7	+0.001%	$177.9M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,454.1	+0.028%	$395K	$441K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454	+0.021%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.5	−0.017%	$50.5M	$170.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.8	+0.004%	$214.5M	$765.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,454.4	+0.048%	$102.6M	$53.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,453.9	+0.016%	$165.3M	$270.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,453.9	+0.016%	—	$105.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454	+0.022%	$47.7M	$32.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,454.5	+0.053%	$566K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,455.1	+0.097%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,455.5	+0.123%	$404K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456	+0.157%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,454.7	+0.069%	$353K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,454.5	+0.058%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,453.3	−0.024%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,457.1	+0.230%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,454.6	+0.059%	$233K	$3.3M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,453.8	+0.005%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,455.2	+0.103%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.7	−0.003%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,454.6	+0.061%	$47K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,455.6	+0.129%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0116%	1h	1,457.7	+0.273%	$4.6M	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0136%	1h	1,454.6	+0.063%	$2.1M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0138%	1h	1,454.7	+0.069%	$756.7M	$428.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0154%	1h	1,455.1	+0.096%	$614K	$1.3M	25x	as long as short
Lighter ZEC	+0.0176%	1h	1,454.6	+0.064%	$19.2M	$44.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0202%	1h	1,455.2	+0.102%	$2.4M	$3.9M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,455.5	+0.121%	$921K	$1.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,454.6	+0.060%	$18.0M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,457.5	+0.264%	$683K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,457.2	+0.241%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0679%	1h	1,456.1	+0.165%	$45K	$49K	10x	as long as short