ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.054%

Price spread now: Derive against Hotstuff−0.128%7-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 Derive

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. Derive is 0.128% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.128% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.4 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff ZEC-PERP	1,455	−0.0080	get 0.0010% / 1h	53m 48s	$6K	$1K	10x
Short	Derive ZEC-PERP	1,453.1	0.0100	get 0.0013% / 1h	53m 48s	$444K	$521K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.128%Rate

Funding earned: $37.8
Price spread: −0.128% → 0.000%: −$12.84
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Derive: 3 bp × 2 orders: −$6
Net: $13.96
Costs to cover: 0.110%
Break-even: 4.4 days

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

Hotstuff and Derive: 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	−0.3042%	1h	1,456	+0.069%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,455	long leg	$6K	$1K	10x
BloFin ZEC-USDT	−0.0070%	8h	1,456.4	+0.094%	$29.6M	$70.8M	75x	as long as short
ApeX Omni ZECUSDT	−0.0032%	1h	1,454.7	−0.023%	$404K	$942K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,455.7	+0.047%	$410K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,455.4	+0.026%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,454.3	−0.049%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,454.6	−0.028%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0064%	8h	1,454.2	−0.054%	$290K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0072% / S −0.0024%	1h	1,454.5	−0.038%	$408K	—	100x	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	1,454.3	−0.046%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,455	+0.003%	$10K	$858K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,454.9	−0.005%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,455.2	+0.013%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,455.4	+0.026%	$14.7M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,455.1	+0.006%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,455.9	+0.064%	$668.6M	$2.20B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,455.3	+0.019%	$261.2M	$601.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,455.9	+0.060%	$178.1M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,454.1	−0.062%	$395K	$441K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454	−0.068%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,455.2	+0.014%	$50.6M	$170.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,455.4	+0.029%	$214.7M	$764.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,455.8	+0.054%	$102.7M	$53.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,455.6	+0.041%	$165.5M	$270.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,455.3	+0.021%	—	$105.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454	−0.067%	$47.7M	$32.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,454.8	−0.013%	$566K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,455.1	+0.008%	$3.0M	$451K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,454.8	−0.013%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,454.4	−0.041%	$353K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,454.5	−0.036%	$160K	$185K	20x	as long as short
Derive ZEC-PERPshort	+0.0100%	1h	1,453.1	−0.128%	$444K	$521K	6.7x
SunX ZEC-USDT	+0.0100%	8h	1,456.8	+0.120%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,454.5	−0.036%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,453.8	−0.085%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,455.1	+0.008%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,455.3	+0.021%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,454.2	−0.056%	$47K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,454.8	−0.014%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0123%	1h	1,457.7	+0.184%	$4.6M	$1.3M	10x	as long as short
Hyperliquid ZEC	+0.0153%	1h	1,457	+0.137%	$757.9M	$428.4M	10x	as long as short
Lighter RH ZEC	+0.0160%	1h	1,457.1	+0.146%	$2.1M	$7.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0172%	1h	1,454.9	−0.008%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0176%	1h	1,457.1	+0.146%	$19.2M	$44.7M	20x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,454.8	−0.011%	$921K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0218%	1h	1,455.1	+0.005%	$614K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,454.4	−0.043%	$18.0M	$45.1M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,457	+0.136%	$684K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,456.8	+0.124%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0675%	1h	1,456.3	+0.086%	$45K	$49K	10x	as long as short