ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0135%/8h= −14.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.056%

Price spread now: Hotstuff against GMX+0.053%7-day average — · you sell dearer than you buy

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

Long on GMX 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 0.053% dearer against GMX than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ZEC/USD [WBTC.b-USDC]	1,469.8	L +0.0055% / S −0.0009%	pay 0.0007% / 1h	3m 00s	$384K	—	100x
Short	Hotstuff ZEC-PERP	1,470.6	−0.0080	pay 0.0010% / 1h	3m 00s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against GMX. 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 GMXbpFee HotstuffbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$28.34
Price spread: +0.053% → 0.000%: $5.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$40.01
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

GMX 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 50 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	1,452	−1.207%	$33K	$274K	12x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,470.6	+0.053%	$6K	$1K	10x
Ondo Perps ZEC-USD.P	−0.0037%	1h	1,464.8	−0.338%	$398K	$501K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,469.3	−0.035%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,469.7	−0.004%	$414K	$50K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,470.3	+0.033%	$972K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.4	−0.026%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,469.7	−0.002%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0031%	8h	1,469.6	−0.014%	$293K	$987K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]long	L +0.0055% / S −0.0009%	1h	1,469.8	long leg	$384K	—	100x

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0056%	1h	1,470.3	+0.033%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,466.6	−0.215%	$4.6M	$1.5M	10x	as long as short
Variational Omni ZEC	+0.0072%	8h	1,466.6	−0.214%	$47.9M	$32.6M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0093%	8h	1,467.9	−0.128%	$181.0M	$1.24B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,470	+0.013%	$174K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,469.3	−0.035%	$17K	$844K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470.3	+0.034%	$61K	$41K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.2	+0.031%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,469.5	−0.018%	$765.4M	$434.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,469.8	+0.003%	$14.8M	$29.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,470.7	+0.062%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,468.2	−0.109%	$678.5M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,467.8	−0.132%	$271.4M	$606.9M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.217%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,468.5	−0.083%	$50.2M	$177.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,468.6	−0.078%	$216.4M	$803.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,469.7	−0.006%	$103.3M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,468.1	−0.116%	$163.0M	$276.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,467.7	−0.143%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466	−0.256%	$570K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.2	−0.107%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.3	−0.237%	$426K	$884K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.1	+0.020%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,469.8	+0.002%	$344K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,469.7	−0.006%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.3	−0.101%	$448K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.2	+0.164%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.6	−0.011%	$242K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469.6	−0.010%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469.1	−0.043%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,469.7	−0.005%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,469.8	0.000%	$48K	$155K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0184%	1h	1,470.5	+0.049%	$612K	$1.3M	25x	as long as short
Lighter ZEC	+0.0224%	1h	1,470.8	+0.067%	$19.2M	$48.3M	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,471.7	+0.132%	$692K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,470.6	+0.055%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,470.7	+0.065%	$853K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0418%	1h	1,469.3	−0.035%	$2.4M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,472.4	+0.181%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0731%	1h	1,470	+0.019%	$43K	$46K	10x	as long as short