ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.049%

Price spread now: Bullet against Hotstuff−0.059%51s7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Bullet

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

Funding pays, the price is against you. Bullet is 0.059% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 26 hours of funding at the current rate (+$5 a day). The two prices were read 51 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	Hotstuff ZEC-PERP	1,506.7	−0.0080	get 0.0010% / 1h	37m 39s	$6K	$1K	10x
Short	Bullet ZEC-USD	1,505.8	0.0100	get 0.0013% / 1h	37m 39s	$169K	$194K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.059%Rate

Funding earned: $37.8
Price spread: −0.059% → 0.000%: −$5.89
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bullet: 4 bp × 2 orders: −$8
Net: $18.91
Costs to cover: 0.130%
Break-even: 3.5 days

Slippage unknown: Hotstuff: no order-book sample; Bullet: live order book, 61 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 Bullet live order book, 61 min ago	0.40 bp	5.7 bp −$6	10.6 bp −$106	doesn't fit	doesn't fit

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	−0.3702%	1h	1,497.1	−0.640%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,506.2	−0.030%	$62K	$305K	10x	as long as short
Aftermath Perps ZECUSD	−0.0170%	1h	1,511	+0.284%	$48K	$58K	10x	as long as short
BloFin ZEC-USDT	−0.0155%	8h	1,507.1	+0.030%	$31.7M	$76.7M	75x	as long as short
Bulk ZEC-USD	−0.0098%	1h	1,506.5	−0.010%	$775K	$147K	10x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,506.7	long leg	$6K	$1K	10x
dYdX ZEC-USD	0.0000%	1h	1,506.1	−0.037%	$418K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,507	+0.023%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,505.7	−0.068%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,506.4	−0.022%	$18.2M	$47.9M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0032%	1h	1,508.6	+0.125%	$8K	$6K	5x	as long as short
ApeX Omni ZECUSDT	+0.0058%	1h	1,509.8	+0.206%	$415K	$952K	50x	as long as short
Phoenix ZEC	+0.0082%	1h	1,515.4	+0.579%	$4.8M	$1.4M	10x	as long as short
Gate ZEC_USDT	+0.0082%	8h	1,507.1	+0.027%	$60.6M	$184.9M	75x	as long as short
Orderly PERP_ZEC_USDC	+0.0085%	8h	1,505.3	−0.095%	$304K	$861K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,507.9	+0.080%	$19.5M	$44.8M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,507.2	+0.031%	$2.1M	$7.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,508.2	+0.101%	$172K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,506.7	0.000%	$62K	$18K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,507.4	+0.044%	$16K	$898K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,506.5	−0.010%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,507.4	+0.047%	$788.9M	$445.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,506.5	−0.014%	$14.1M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,506.4	−0.017%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,506.7	+0.003%	$712.1M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,506.9	+0.016%	$270.4M	$625.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,507.7	+0.065%	$185.6M	$1.38B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,505.7	−0.066%	$412K	$544K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,508.8	+0.139%	$613K	$9.0M	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,508.2	+0.098%	$407.2M	$832.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,506.4	−0.018%	$103.0M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,508	+0.087%	$163.2M	$295.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,507.9	+0.083%	—	$120.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,509.9	+0.212%	$50.1M	$36.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,508.2	+0.100%	$556K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,515.1	+0.557%	$3.1M	$530K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,507.9	+0.080%	$51K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,509.1	+0.160%	$375K	$1.7M	10x	as long as short
Bullet ZEC-USDshort	+0.0100%	1h	1,505.8	−0.059%	$169K	$194K	20x
Derive ZEC-PERP	+0.0100%	1h	1,508.1	+0.096%	$450K	$419K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,507.8	+0.072%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,505.5	−0.078%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,505.1	−0.109%	$2.7M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,506.6	−0.009%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,507.9	+0.078%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,505.5	−0.077%	$44K	$153K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0141%	1h	1,506.3	−0.025%	$689K	$1.4M	25x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,508.2	+0.100%	$955K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0157% / S −0.0161%	1h	1,505.6	−0.070%	$334K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,507.6	+0.060%	$3.8M	$10.0M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0440%	1h	1,507.3	+0.040%	$2.4M	$3.8M	15x	as long as short