Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.045%

Price spread now: Lighter RH against Binance+0.084%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

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

costs, in and out, $10k−$130.133% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.315%+$31 on $10k

Price spread, last 7 days−0.088%−$9 · spread now +0.084%, 7d avg +0.070%

Together, before fees+0.226%+ Points / potential airdropLighter RH: Points live · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,454.3	0.0100	pay 0.0100% / 8h	3h 56m	$668.1M	$2.21B	75x
Short	Lighter RH ZEC	1,455.5	0.0208	get 0.0026% / 1h	56m 35s	$2.1M	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now +0.084%Rate

Funding earned: $22.68
Price spread: +0.084% → +0.070%: $1.43
Slippage, 4 orders: −$3.35
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $10.76
Costs to cover: 0.133%
Break-even: 3.7 days

Slippage from Binance: live order book, 3 min ago; Lighter RH: live order book, 2 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 Binance live order book, 3 min ago	0.03 bp	5.0 bp −$5	7.0 bp −$70	18.0 bp −$1,795	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.06 bp	1.2 bp −$1	6.1 bp −$61	doesn't fit	doesn't fit

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	−0.3042%	1h	1,456.2	+0.126%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,454.8	+0.031%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,454.6	+0.016%	$29.5M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,454.4	+0.007%	$410K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,455.6	+0.086%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,454.7	+0.029%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,454.6	+0.018%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,454.5	+0.009%	$291K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0072% / S −0.0023%	1h	1,454.4	+0.009%	$408K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,454.5	+0.011%	$173K	$1.7M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,454.8	+0.034%	$10K	$858K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,454.4	+0.006%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,455.1	+0.053%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,454.4	+0.007%	$14.7M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,454.6	+0.016%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,454.3	long leg	$668.1M	$2.21B	75x
Bybit ZECUSDT	+0.0100%	8h	1,453.6	−0.051%	$260.9M	$602.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,454.1	−0.013%	$177.8M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,458	+0.254%	$395K	$442K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	+0.222%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,454.3	−0.004%	$50.5M	$170.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,454.2	−0.005%	$214.2M	$763.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,454.7	+0.029%	$102.6M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,454.5	+0.014%	$165.3M	$270.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,453.4	−0.061%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457.6	+0.227%	$47.8M	$32.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,458.2	+0.270%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.2	+0.128%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.9	+0.175%	$404K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,455.1	+0.054%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,454.3	−0.001%	$353K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,454.6	+0.018%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,453.2	−0.074%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.9	+0.181%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,454.7	+0.028%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,454.2	−0.011%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,455.3	+0.064%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,454.3	+0.001%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,454.5	+0.014%	$47K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,455	+0.047%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0123%	1h	1,457.7	+0.231%	$4.6M	$1.3M	10x	as long as short
Hyperliquid ZEC	+0.0132%	1h	1,455.7	+0.095%	$757.2M	$431.7M	10x	as long as short
Lighter ZEC	+0.0152%	1h	1,455.6	+0.090%	$19.2M	$44.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0154%	1h	1,455	+0.050%	$2.4M	$3.9M	15x	as long as short
Lighter RH ZECshort	+0.0208%	1h	1,455.5	+0.084%	$2.1M	$7.0M	10x
RISEx ZEC/USDC	+0.0216%	1h	1,454.5	+0.013%	$921K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0229%	1h	1,455.3	+0.065%	$614K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,454.7	+0.027%	$18.0M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,456.7	+0.163%	$684K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,457.2	+0.196%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0674%	1h	1,457.5	+0.217%	$45K	$49K	10x	as long as short