Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: HTX against Hotstuff−0.085%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 HTX

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. HTX is 0.085% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 38 hours 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	1,493.1	−0.0080	get 0.0010% / 1h	0m 28s	$6K	$1K	10x
Short	HTX ZEC-USDT	1,491.8	0.0100	get 0.0100% / 8h	1h 00m	$2.7M	$20.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $37.8
Price spread: −0.085% → 0.000%: −$8.51
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $12.29
Costs to cover: 0.170%
Break-even: 4.7 days

Slippage unknown: Hotstuff: no order-book sample; HTX: live order book, 4 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 HTX live order book, 4 min ago	3.34 bp	9.5 bp −$9	14.8 bp −$148	40.3 bp −$4,026	121.8 bp −$60.9K

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	−0.3684%	1h	1,481	−0.808%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,490.5	−0.169%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0144%	8h	1,491.1	−0.131%	$30.8M	$75.0M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,491.5	−0.103%	$18.1M	$46.6M	25x	as long as short
Hotstuff ZEC-PERPlong	−0.0080%	1h	1,493.1	long leg	$6K	$1K	10x
Aftermath Perps ZECUSD	−0.0020%	1h	1,493.6	+0.036%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,490.1	−0.200%	$414K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,493.1	+0.004%	$1.5M	$4.7M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,492	−0.068%	$5.3M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0046%	1h	1,492.2	−0.054%	$681K	$1.4M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0081%	8h	1,491.4	−0.109%	$300K	$1.1M	20x	as long as short
Bulk ZEC-USD	+0.0085%	1h	1,492.9	−0.009%	$902K	$7K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,490.9	−0.143%	$170K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,490.9	−0.147%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,491.7	−0.089%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,491.9	−0.076%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,491.5	−0.104%	$778.7M	$447.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,490.3	−0.186%	$13.9M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,491.1	−0.127%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,491	−0.139%	$694.9M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,490.3	−0.182%	$267.0M	$630.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,491.1	−0.133%	$181.4M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,494.1	+0.070%	$407K	$554K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,491.2	−0.125%	$55.0M	$187.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,490.8	−0.153%	$241.9M	$801.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,490.7	−0.156%	$102.6M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,491.2	−0.125%	$160.4M	$289.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,491.3	−0.118%	—	$118.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,489.9	−0.211%	$48.8M	$34.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494.8	+0.115%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,493.7	+0.045%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,495.6	+0.169%	$412K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,493.5	+0.029%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,490.7	−0.157%	$357K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,491	−0.139%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.1	+0.001%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,494.1	+0.068%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,491.1	−0.130%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDTshort	+0.0100%	8h	1,491.8	−0.085%	$2.7M	$20.1M	75x
Phemex ZECUSDT	+0.0100%	8h	1,491.3	−0.120%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,491.3	−0.119%	$2.7M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,491.6	−0.100%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,491.6	−0.098%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,491.5	−0.106%	$939K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,496.6	+0.237%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0138% / S −0.0134%	1h	1,491.9	−0.080%	$392K	—	100x	as long as short
Lighter RH ZEC	+0.0176%	1h	1,491.9	−0.078%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,492.4	−0.047%	$621K	$8.8M	10x	as long as short
Lighter ZEC	+0.0240%	1h	1,492.1	−0.062%	$19.6M	$47.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0262%	1h	1,491.4	−0.111%	$2.3M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,492.8	−0.017%	$3.7M	$10.1M	50x	as long as short