ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.049%

Price spread now: Hotstuff against Derive+0.145%7-day average — · you sell dearer than you buy

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

Long on Derive 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 0.145% dearer against Derive than usual: you sell high and buy low (spread +0.145% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ZEC-PERP	1,465.4	0.0100	pay 0.0013% / 1h	10m 34s	$457K	$509K	6.7x
Short	Hotstuff ZEC-PERP	1,467.5	−0.0080	pay 0.0010% / 1h	10m 34s	$6K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Derive. 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 DerivebpFee HotstuffbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$37.8
Price spread: +0.145% → 0.000%: $14.46
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$34.34
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Derive and 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	−0.3321%	1h	1,467.7	+0.155%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0343%	1h	1,467.2	+0.124%	$17.9M	$43.1M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0118%	1h	1,466.6	+0.083%	$398K	$517K	5x	as long as short
BloFin ZEC-USDT	−0.0116%	8h	1,467.7	+0.155%	$29.7M	$72.4M	75x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,467.5	+0.145%	$6K	$2K	10x
Variational Omni ZEC	−0.0021%	8h	1,466.4	+0.067%	$47.6M	$33.6M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,466.4	+0.070%	$413K	$103K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,467.5	+0.144%	$8K	$9K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,467.3	+0.128%	$958K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,466.5	+0.074%	$83K	$405K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,467.2	+0.121%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0020%	8h	1,466.9	+0.106%	$293K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0054%	1h	1,469.7	+0.295%	$4.6M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,467.2	+0.121%	$377K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0062%	8h	1,467.3	+0.128%	$181.3M	$1.29B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.2	+0.125%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,467	+0.108%	$12K	$847K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467.3	+0.129%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.5	+0.142%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468	+0.179%	$762.5M	$454.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.2	+0.121%	$14.9M	$31.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,467.6	+0.153%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.3	+0.131%	$682.0M	$2.36B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,467	+0.110%	$272.9M	$628.9M	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,468.9	+0.237%	$699K	$8.6M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,465.9	+0.034%	$892K	$22K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,467.3	+0.132%	$50.3M	$181.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.2	+0.123%	$226.7M	$829.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.4	+0.139%	$104.0M	$55.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.3	+0.133%	$163.2M	$290.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,467.4	+0.136%	—	$100.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466.3	+0.064%	$570K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.2	+0.127%	$3.0M	$447K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.1	+0.046%	$426K	$881K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,466.5	+0.076%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,467.1	+0.117%	$339K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.2	+0.122%	$128K	$158K	20x	as long as short
Derive ZEC-PERPlong	+0.0100%	1h	1,465.4	long leg	$457K	$509K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,468.4	+0.206%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467.2	+0.123%	$242K	$3.9M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,467.2	+0.124%	$2.5M	$19.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.6	+0.151%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,467	+0.107%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467.1	+0.118%	$54K	$164K	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,467.9	+0.174%	$852K	$1.0M	10x	as long as short
Lighter ZEC	+0.0240%	1h	1,469	+0.248%	$19.1M	$50.5M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0395%	1h	1,468.1	+0.188%	$604K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,468.6	+0.221%	$3.7M	$9.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0507%	1h	1,468	+0.177%	$2.5M	$3.9M	15x	as long as short
Lighter RH ZEC	+0.0720%	1h	1,469.3	+0.269%	$2.0M	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0761%	1h	1,467.9	+0.173%	$43K	$46K	10x	as long as short