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Funding arb · Price arb /

ZEC

all ZEC markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.052%
Price spread now: Hotstuff against Popdex+0.037%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on PopdexShort 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 0.037% dearer against Popdex than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex ZECUSDT1,468.50.0096pay 0.0012% / 1h35m 18s$175K$1.9M50x
ShortHotstuff ZEC-PERP1,469−0.0080pay 0.0010% / 1h35m 18s$6K$2K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Popdex. 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

Funding earned
−$36.96
Price spread: +0.037% → 0.000%
$3.75
Slippage, 4 orders
no order book: not counted
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$44.61
Costs to cover
0.114%
Break-even
never at this rate
Slippage unknown: Popdex: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 4 min ago1.19 bp5.1 bp −$511.6 bp −$116doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3321%1h1,470.8+0.157%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0343%1h1,468.7+0.017%$17.8M$43.0M25xas long as short
Ondo Perps ZEC-USD.P−0.0158%1h1,468−0.031%$399K$518K5xas long as short
Bybit ZECUSDT−0.0119%8h1,468.3−0.011%$274.0M$636.7M75xas long as short
BloFin ZEC-USDT−0.0103%8h1,470.2+0.121%$29.8M$73.3M75xas long as short
Hotstuff ZEC-PERPshort−0.0080%1h1,469+0.037%$6K$2K10x
Variational Omni ZEC−0.0056%8h1,468.2−0.019%$47.6M$34.2M—as long as short
dYdX ZEC-USD0.0000%1h1,468.6+0.007%$414K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,469.6+0.080%$957K$5.3M2.2xas long as short
Perpl ZEC0.0000%43m1,468.7+0.020%$83K$405K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,468.7+0.017%$5.2M—150xas long as short
Orderly PERP_ZEC_USDC+0.0015%8h1,468.6+0.009%$293K$1.4M20xas long as short
01 Exchange ZECUSD+0.0032%1h1,468.4−0.003%$8K$8K5xas long as short
OKX ZEC-USDT-SWAP+0.0043%8h1,468.6+0.010%$181.7M$1.30B50xas long as short
Phoenix ZEC+0.0054%1h1,470.9+0.163%$4.7M$1.6M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,468.6+0.011%$377K—100xas long as short
Popdex ZECUSDTlong+0.0096%1h1,468.5long leg$175K$1.9M50x
Paradex ZEC-USD-PERP+0.0100%8h1,468.40.000%$60K$39K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,468.4−0.002%$14K$832K10xas long as short
Nado ZEC-PERP+0.0100%1h1,468.9+0.031%$2.6M$6.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,469.8+0.092%$762.6M$454.2M10xas long as short
Aster ZECUSDT+0.0100%8h1,468.4−0.003%$14.9M$31.9M75xas long as short
Pacifica ZEC+0.0100%1h1,469.1+0.046%$1.7M$2.8M10xas long as short
Binance ZECUSDT+0.0100%8h1,468.6+0.013%$683.4M$2.38B75xas long as short
Arcus ZEC-USD+0.0100%1h1,470.3+0.123%$700K$8.5M10xas long as short
Bulk ZEC-USD+0.0100%1h1,471+0.173%$895K$25K10xas long as short
Gate ZEC_USDT+0.0100%8h1,468.5+0.006%$51.3M$179.0M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,468.5+0.003%$231.0M$824.7M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,468.6+0.013%$104.8M$55.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,468.7+0.014%$163.3M$293.6M75xas long as short
BingX ZEC-USDT+0.0100%8h1,468.6+0.008%—$100.7M—as long as short
edgeX ZECUSDC+0.0100%4h1,470.6+0.146%$572K$9.2M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,471.5+0.209%$3.0M$466K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,470+0.102%$430K$860K50xas long as short
StandX ZEC-USD+0.0100%1h1,470.1+0.109%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,468.1−0.024%$332K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,468.5+0.006%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,466.8−0.113%$457K$509K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,470.9+0.168%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,468.5+0.005%$242K$4.0M10xas long as short
HTX ZEC-USDT+0.0100%8h1,469.4+0.065%$2.5M$21.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,469.7+0.086%$3.9M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,468.6+0.007%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,468.2−0.016%$58K$183K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0111%1h1,469.3+0.060%$604K$1.3M25xas long as short
Lighter ZEC+0.0176%1h1,470.2+0.117%$19.2M$50.3M20xas long as short
RISEx ZEC/USDC+0.0228%1h1,469.2+0.049%$849K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,471.2+0.185%$3.8M$10.1M50xas long as short
Backpack ZEC_USDC_PERP+0.0533%1h1,469.2+0.048%$2.5M$3.9M15xas long as short
Aftermath Perps ZECUSD+0.0766%1h1,471+0.174%$44K$47K10xas long as short
Lighter RH ZEC+0.0768%1h1,471+0.174%$2.0M$8.1M10xas long as short