Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.038%

Price spread now: Hotstuff against OKX+0.085%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Hotstuff

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

The price spread pays, funding is against you. Hotstuff is 0.085% dearer against OKX than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEC-USDT-SWAP	1,461.1	0.0100	pay 0.0100% / 8h	4h 21m	$178.4M	$1.23B	50x
Short	Hotstuff ZEC-PERP	1,462.3	−0.0080	pay 0.0010% / 1h	21m 34s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against OKX. 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 OKXbpFee HotstuffbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$37.8
Price spread: +0.085% → 0.000%: $8.49
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$44.31
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	0.03 bp	5.2 bp −$5	8.6 bp −$86	15.2 bp −$1,522	doesn't fit
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	−0.3166%	1h	1,460.6	−0.031%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,462.3	+0.085%	$6K	$1K	10x
BloFin ZEC-USDT	−0.0069%	8h	1,461.3	+0.015%	$29.3M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,461.4	+0.024%	$412K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,462.5	+0.097%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,461	−0.009%	$84K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,461.3	+0.018%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,461.3	+0.012%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0068% / S −0.0019%	1h	1,461.2	+0.008%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,461.7	+0.039%	$8K	$7K	5x	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	1,461.2	+0.010%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,461.6	+0.038%	$11K	$856K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,461.8	+0.052%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.1	+0.072%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,463.1	+0.138%	$760.5M	$431.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,462.4	+0.087%	$14.6M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.3	+0.084%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,461.2	+0.007%	$671.6M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,460.7	−0.027%	$263.6M	$601.0M	75x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0100%	8h	1,461.1	long leg	$178.4M	$1.23B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,461	−0.005%	$397K	$443K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.2	−0.264%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,461.8	+0.051%	$50.8M	$174.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,461.6	+0.036%	$215.7M	$773.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,462.2	+0.075%	$102.8M	$53.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,461.4	+0.022%	$166.4M	$271.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,460.9	−0.012%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,462.2	+0.077%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457.9	−0.219%	$47.8M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,460.8	−0.019%	$569K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,462.4	+0.089%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,460.5	−0.038%	$407K	$927K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,461.7	+0.045%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,461.1	+0.001%	$367K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,461.1	+0.003%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,460.3	−0.055%	$446K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,464.6	+0.242%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.5	+0.025%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,460.2	−0.062%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,461.5	+0.026%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,461.2	+0.010%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,461.1	+0.004%	$47K	$151K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0104%	1h	1,461.8	+0.048%	$611K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0123%	1h	1,462.1	+0.069%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,461.3	+0.016%	$18.1M	$45.0M	25x	as long as short
Lighter ZEC	+0.0296%	1h	1,463	+0.129%	$19.3M	$46.0M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,461.4	+0.025%	$925K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0424%	1h	1,463.1	+0.141%	$2.1M	$7.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,464.1	+0.207%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,462.6	+0.102%	$686K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0682%	1h	1,459.5	−0.107%	$45K	$49K	10x	as long as short