Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against HTX+0.025%7-day average — · you sell dearer than you buy

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

Long on HTX 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 0.025% dearer against HTX than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZEC-USDT	1,469.2	0.0100	pay 0.0100% / 8h	7h 08m	$2.5M	$19.3M	75x
Short	Hotstuff ZEC-PERP	1,469.6	−0.0080	pay 0.0010% / 1h	8m 36s	$6K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against HTX. 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 HTXbpFee HotstuffbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$37.8
Price spread: +0.025% → 0.000%: $2.45
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$52.35
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 6 min ago; 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 HTX live order book, 6 min ago	0.03 bp	6.4 bp −$6	12.7 bp −$127	36.2 bp −$3,617	88.1 bp −$44.1K
Sell Hotstuff no order-book sample	—	—	—	—	—

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	−0.3321%	1h	1,468	−0.083%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0343%	1h	1,469.5	+0.018%	$17.9M	$43.0M	25x	as long as short
BloFin ZEC-USDT	−0.0116%	8h	1,469.5	+0.021%	$29.7M	$72.4M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0116%	1h	1,467.7	−0.103%	$398K	$517K	5x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,469.6	+0.025%	$6K	$2K	10x
Variational Omni ZEC	−0.0021%	8h	1,466.4	−0.194%	$47.6M	$33.6M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,469	−0.018%	$414K	$103K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,470.6	+0.093%	$8K	$9K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.9	−0.020%	$960K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,468	−0.083%	$83K	$405K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470	+0.053%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0020%	8h	1,469.9	+0.048%	$293K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0054%	1h	1,469.7	+0.033%	$4.6M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,470	+0.052%	$378K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0065%	8h	1,470.1	+0.063%	$181.6M	$1.29B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,470.2	+0.068%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,469.7	+0.033%	$12K	$847K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470.1	+0.060%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.5	+0.085%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,470.6	+0.094%	$765.8M	$450.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,469.8	+0.037%	$14.9M	$31.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,470.1	+0.060%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470.3	+0.076%	$683.4M	$2.35B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,470.1	+0.056%	$273.4M	$628.9M	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,471.4	+0.148%	$695K	$8.6M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,465.9	−0.227%	$892K	$22K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,469.8	+0.039%	$50.3M	$181.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470	+0.054%	$228.9M	$831.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470	+0.054%	$104.2M	$55.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.4	+0.078%	$163.6M	$289.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,470.6	+0.095%	—	$100.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466.3	−0.196%	$571K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.2	−0.134%	$3.0M	$447K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.9	−0.161%	$427K	$880K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,469.2	−0.004%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470	+0.053%	$341K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,469.8	+0.040%	$128K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.4	−0.053%	$458K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,470.4	+0.079%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.5	+0.022%	$242K	$3.9M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,469.2	long leg	$2.5M	$19.3M	75x
Phemex ZECUSDT	+0.0100%	8h	1,469.8	+0.037%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.2	+0.066%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.1	+0.063%	$55K	$161K	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,470.9	+0.117%	$854K	$1.0M	10x	as long as short
Lighter ZEC	+0.0240%	1h	1,471.2	+0.135%	$19.2M	$50.6M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0388%	1h	1,471	+0.122%	$605K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,471.7	+0.167%	$3.7M	$9.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0507%	1h	1,470.1	+0.060%	$2.5M	$3.9M	15x	as long as short
Lighter RH ZEC	+0.0712%	1h	1,472	+0.191%	$2.0M	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0759%	1h	1,468.3	−0.063%	$43K	$46K	10x	as long as short