Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.044%

Price spread now: BingX against Hotstuff+0.909%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on BingX

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BingX is 0.909% dearer against Hotstuff than usual: you sell high and buy low: +$91 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff ZEC-PERP	1,512.9	−0.0080	get 0.0010% / 1h	10m 05s	$6K	$1K	10x
Short	BingX ZEC-USDC	1,526.7	0.0100	get 0.0100% / 8h	4h 10m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hotstuff. 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 HotstuffbpFee BingXbpOrdersPrice spread, now +0.909%Rate

Funding earned: $37.8
Price spread: +0.909% → 0.000%: $90.88
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: $113.68
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; BingX: live order book, 5 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	0.33 bp	7.3 bp −$7	11.9 bp −$119	30.0 bp −$3,000	78.6 bp −$39.3K

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 exchanges

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	−0.3418%	1h	1,497.6	−1.013%	$37K	$267K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,525.6	+0.835%	$64K	$293K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,526.3	+0.884%	$32.2M	$72.6M	75x	as long as short
Aftermath Perps ZECUSD	−0.0099%	1h	1,522.4	+0.625%	$47K	$79K	10x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,512.9	long leg	$6K	$1K	10x
Ondo Perps ZEC-USD.P	−0.0056%	1h	1,517.6	+0.310%	$413K	$489K	5x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,526	+0.867%	$420K	$30K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,527.9	+0.993%	$1.6M	$4.9M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,525	+0.800%	$5.4M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0054%	8h	1,525.2	+0.812%	$312K	$656K	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0064%	1h	1,524.6	+0.775%	$4.9M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,526.6	+0.905%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0083%	1h	1,525.7	+0.848%	$911K	$1.2M	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,528	+0.996%	$20.0M	$39.5M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,528.3	+1.019%	$2.1M	$7.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,525.9	+0.860%	$171K	$1.3M	50x	as long as short
Bulk ZEC-USD	+0.0098%	1h	1,523.8	+0.719%	$789K	$82K	10x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,525.1	+0.808%	$19K	$849K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,526.3	+0.882%	$63K	$13K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,524.4	+0.758%	$3.1M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,529	+1.064%	$812.5M	$407.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,528.5	+1.028%	$14.6M	$24.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,526.7	+0.912%	$1.5M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,528.8	+1.053%	$717.9M	$2.09B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,529.6	+1.105%	$285.4M	$568.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,529.6	+1.100%	$192.5M	$1.24B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,526.3	+0.886%	$596K	$8.6M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,527	+0.932%	$66.7M	$169.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,527.1	+0.935%	$191.9M	$822.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,527.2	+0.944%	$111.4M	$53.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,527.3	+0.951%	$166.3M	$264.0M	75x	as long as short
BingX ZEC-USDCshort	+0.0100%	8h	1,526.7	+0.909%	—	$6.6M	—
Variational Omni ZEC	+0.0100%	8h	1,525.5	+0.829%	$50.4M	$31.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,523.1	+0.677%	$557K	$8.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,523.7	+0.715%	$3.1M	$682K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,525.5	+0.832%	$416K	$932K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,524.8	+0.785%	$113K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,525	+0.799%	$399K	$1.4M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,525.2	+0.812%	$168K	$189K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,524.8	+0.789%	$377K	$489K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,527.7	+0.979%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,526.9	+0.922%	$255K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,527	+0.930%	$2.8M	$19.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,527.5	+0.962%	$4.2M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,526.8	+0.916%	$2.7M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,525.1	+0.808%	$35K	$163K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0114%	1h	1,527.6	+0.971%	$2.1M	$3.6M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0175%	1h	1,527.2	+0.943%	$18.8M	$45.7M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0214% / S −0.0231%	1h	1,525	+0.796%	$346K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0392%	1h	1,531.7	+1.245%	$4.0M	$9.3M	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0518%	1h	1,526.4	+0.894%	$705K	$1.2M	25x	as long as short