Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.018%

Price spread now: Hotstuff against Bybit+0.074%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 0.074% dearer against Bybit than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZECUSDT	1,452.5	0.0100	pay 0.0100% / 8h	5h 33m	$265.9M	$611.0M	75x
Short	Hotstuff ZEC-PERP	1,453.6	−0.0080	pay 0.0010% / 1h	33m 06s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bybit. 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 BybitbpFee HotstuffbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$37.8
Price spread: +0.074% → 0.000%: $7.37
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$46.43
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.03 bp	6.9 bp −$7	9.1 bp −$91	18.2 bp −$1,816	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	−0.3244%	1h	1,453.2	+0.048%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0082%	8h	1,453.8	+0.089%	$29.5M	$70.8M	75x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,453.6	+0.074%	$6K	$1K	10x
dYdX ZEC-USD	0.0000%	1h	1,452.8	+0.021%	$409K	$44K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454	+0.099%	$1.4M	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,452.6	+0.007%	$83K	$248K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,453.4	+0.062%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0042%	8h	1,453.6	+0.074%	$290K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,453.3	+0.057%	$408K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,453.2	+0.048%	$4.6M	$1.4M	10x	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	1,453.5	+0.067%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,452.7	+0.013%	$14K	$854K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453.3	+0.051%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453.6	+0.074%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,454.6	+0.143%	$757.0M	$433.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,453.7	+0.078%	$14.4M	$28.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453.4	+0.062%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,454.1	+0.109%	$665.9M	$2.26B	75x	as long as short
Bybit ZECUSDTlong	+0.0100%	8h	1,452.5	long leg	$265.9M	$611.0M	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,452.7	+0.010%	$179.1M	$1.24B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,452.4	−0.008%	$394K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,451.2	−0.089%	$879K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.7	+0.078%	$49.5M	$173.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.9	+0.093%	$213.1M	$774.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,453.8	+0.089%	$102.2M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,452.7	+0.013%	$161.4M	$277.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,452.2	−0.025%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,453	+0.035%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,448.7	−0.262%	$46.8M	$32.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,451	−0.102%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,453.8	+0.089%	$3.0M	$419K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.9	+0.027%	$408K	$905K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,452.9	+0.024%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,453.1	+0.040%	$323K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,453.7	+0.081%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,452.2	−0.020%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.1	+0.247%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,454	+0.103%	$232K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,453	+0.033%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,454.4	+0.129%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.5	+0.068%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,453.4	+0.057%	$47K	$156K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,454	+0.105%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,453.9	+0.095%	$17.9M	$44.5M	25x	as long as short
Lighter ZEC	+0.0200%	1h	1,455.3	+0.193%	$19.0M	$46.4M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,455.5	+0.208%	$714K	$8.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0286%	1h	1,454.3	+0.121%	$611K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0360%	1h	1,455.9	+0.231%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,453.8	+0.087%	$829K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,455.1	+0.174%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0712%	1h	1,454.2	+0.118%	$43K	$46K	10x	as long as short