Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.026%

Price spread now: Lighter against Aster+0.074%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$110.109% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.473%+$47 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.074%, 7d avg +0.090%

Together, before fees+0.480%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZECUSDT	1,501.5	0.0084	pay 0.0084% / 8h	5h 31m	$14.3M	$27.3M	75x
Short	Lighter ZEC	1,502.6	0.0096	get 0.0012% / 1h	31m 48s	$19.9M	$39.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.074%Rate

Funding earned: $2.46
Price spread: +0.074% → +0.090%: −$1.61
Slippage, 4 orders: −$2.88
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.03
Costs to cover: 0.109%
Break-even: 35.5 days

Slippage from Aster: live order book, 5 min ago; Lighter: live order book, 10 min ago.

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 Aster live order book, 5 min ago	0.03 bp	5.2 bp −$5	6.9 bp −$69	18.7 bp −$1,875	77.5 bp −$38.7K
Sell Lighter live order book, 10 min ago	0.00 bp	0.0 bp $0	0.9 bp −$9	9.9 bp −$994	61.9 bp −$30.9K

ZEC on 50 exchanges

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	−0.4130%	1h	1,489.4	−0.809%	$36K	$267K	12x	as long as short
Aftermath Perps ZECUSD	−0.0233%	1h	1,505.3	+0.248%	$49K	$74K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,503.5	+0.132%	$31.9M	$72.9M	75x	as long as short
ApeX Omni ZECUSDT	−0.0198%	1h	1,505.5	+0.265%	$412K	$950K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0158%	1h	1,505.9	+0.290%	$410K	$498K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,502.6	+0.073%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,503.7	+0.143%	$414K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,504.2	+0.175%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,503.4	+0.122%	$63K	$300K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,504.8	+0.220%	$686K	$1.3M	25x	as long as short

Show all 50 exchanges

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	1,504.2	+0.178%	$5.3M	—	150x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	1,502.5	+0.066%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,504	+0.164%	$909K	$1.3M	10x	as long as short
Phoenix ZEC	+0.0060%	1h	1,503.9	+0.157%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0066%	8h	1,504	+0.162%	$304K	$717K	20x	as long as short
Aster ZECUSDTlong	+0.0084%	8h	1,501.5	long leg	$14.3M	$27.3M	75x
Lighter ZECshort	+0.0096%	1h	1,502.6	+0.074%	$19.9M	$39.8M	20x
Lighter RH ZEC	+0.0096%	1h	1,503	+0.100%	$2.1M	$7.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,504.7	+0.211%	$170K	$1.4M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,503.3	+0.115%	$25K	$866K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,504.8	+0.220%	$18.7M	$45.6M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,503.3	+0.116%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,503.7	+0.146%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,503.4	+0.127%	$792.0M	$431.6M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,501.8	+0.020%	$1.7M	$2.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,501.8	+0.016%	$704.1M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,501.2	−0.025%	$273.7M	$587.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,501.8	+0.017%	$185.5M	$1.29B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,504.3	+0.181%	$595K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.7	+0.477%	$782K	$163K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,502	+0.032%	$63.4M	$174.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,501.7	+0.008%	$180.8M	$834.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,502.2	+0.046%	$105.8M	$52.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,502.7	+0.075%	$164.2M	$277.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,501.4	−0.008%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,503.4	+0.123%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,507.6	+0.401%	$49.7M	$33.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,508.9	+0.490%	$551K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,509.8	+0.548%	$3.1M	$604K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,503.2	+0.112%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,504.4	+0.190%	$370K	$1.5M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,504.5	+0.198%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,505.6	+0.272%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,504.5	+0.197%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,501.9	+0.025%	$2.6M	$20.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,503.5	+0.130%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,502.1	+0.039%	$2.7M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,504.1	+0.172%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0191% / S −0.0206%	1h	1,506.4	+0.321%	$350K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,506.1	+0.302%	$3.9M	$9.5M	50x	as long as short