Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.052%

Price spread now: Hotstuff against Paradex+0.181%7-day average — · you sell dearer than you buy

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

Long on Paradex 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 airdropParadex: Active · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.181% dearer against Paradex than usual: you sell high and buy low (spread +0.181% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,490.7	0.0099	pay 0.0099% / 8h	6h 54m	$61K	$16K	10x
Short	Hotstuff ZEC-PERP	1,493.4	−0.0080	pay 0.0010% / 1h	54m 36s	$6K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Paradex. 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 ParadexbpFee HotstuffbpOrdersPrice spread, now +0.181%Rate

Funding earned: −$37.68
Price spread: +0.181% → 0.000%: $18.14
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$28.54
Costs to cover: 0.090%
Break-even: from the start

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

Paradex and 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 50 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	−0.3772%	1h	1,478.9	−0.790%	$36K	$274K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,492.8	+0.142%	$61K	$306K	10x	as long as short
Aftermath Perps ZECUSD	−0.0207%	1h	1,497	+0.422%	$46K	$60K	10x	as long as short
BloFin ZEC-USDT	−0.0179%	8h	1,493.4	+0.179%	$31.5M	$75.0M	75x	as long as short
Hotstuff ZEC-PERPshort	−0.0080%	1h	1,493.4	+0.181%	$6K	$1K	10x
Ondo Perps ZEC-USD.P	−0.0039%	1h	1,495.3	+0.308%	$406K	$526K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.5	+0.319%	$1.5M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,498	+0.489%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0009%	1h	1,494	+0.222%	$18.3M	$47.0M	25x	as long as short
dYdX ZEC-USD	+0.0015%	1h	1,491.4	+0.045%	$411K	$34K	5x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0016%	1h	1,491.8	+0.075%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0077%	1h	1,490.7	−0.003%	$998K	$1.2M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0082%	8h	1,493.4	+0.179%	$301K	$860K	20x	as long as short
Phoenix ZEC	+0.0082%	1h	1,497.4	+0.452%	$4.8M	$1.4M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0090%	1h	1,494.2	+0.233%	$684K	$1.3M	25x	as long as short
Lighter ZEC	+0.0096%	1h	1,491.8	+0.076%	$19.6M	$40.4M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,492	+0.089%	$2.1M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,491.7	+0.066%	$170K	$1.7M	50x	as long as short
Paradex ZEC-USD-PERPlong	+0.0099%	8h	1,490.7	long leg	$61K	$16K	10x
Katana Perps ZEC-USD	+0.0100%	8h	1,491.7	+0.068%	$15K	$883K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,494	+0.218%	$3.1M	$7.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,491.8	+0.073%	$783.2M	$432.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,490.7	−0.004%	$13.9M	$29.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,491	+0.021%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,491.5	+0.055%	$703.9M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,490.5	−0.013%	$272.2M	$606.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,490.9	+0.013%	$184.0M	$1.33B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,492.4	+0.116%	$611K	$8.7M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,498.7	+0.535%	$771K	$152K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,491.1	+0.024%	$60.3M	$180.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,490.5	−0.016%	$407.1M	$806.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,491.1	+0.029%	$102.2M	$55.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,491	+0.020%	$162.7M	$290.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,491.3	+0.036%	—	$119.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,494.1	+0.228%	$2.3M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494.6	+0.261%	$49.4M	$35.2M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,496.5	+0.392%	$548K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,497.6	+0.464%	$3.1M	$562K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,496.6	+0.394%	$411K	$956K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,495.6	+0.325%	$50K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,493.7	+0.201%	$370K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,493.2	+0.168%	$167K	$190K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,495.8	+0.343%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,493.5	+0.190%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,493.9	+0.212%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,494.1	+0.230%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,491.2	+0.035%	$2.7M	$7.5M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,493.6	+0.193%	$43K	$157K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0169% / S −0.0168%	1h	1,493.1	+0.159%	$339K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0336%	1h	1,495.3	+0.306%	$3.8M	$9.8M	50x	as long as short