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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0572%/8h= +62.6% APRnext payment +$0.71 per $10,000 · paid last 24h +0.039%
Price spread now: Lighter RH against Bulk+0.646%7-day average +0.089% · 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+$46as in the Price arb table
costs, in and out, $10k−$100.096% of the position
Long on BulkShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.074%+$7 on $10k
Price spread, last 4 days (all we have)−0.661%−$66 · spread now +0.646%, 7d avg +0.089%
Together, before fees−0.587%+ Points / potential airdropLighter RH: Points live · farm board−$59 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Lighter RH is 0.557% dearer against Bulk than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of +0.089%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.074% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk ZEC-USD1,4450.0100pay 0.0013% / 1h30m 05s$890K$32K10x
ShortLighter RH ZEC1,454.40.0672get 0.0084% / 1h30m 05s$1.9M$8.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Bulk. 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
$120.12
Price spread: +0.646% → +0.089%
$55.73
Slippage, 4 orders
−$2.65
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$166.2
Costs to cover
0.096%
Break-even
from the start
Slippage from Bulk: live order book, 59 min ago; Lighter RH: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 59 min ago0.07 bp3.6 bp −$43.6 bp −$363.6 bp −$3576.5 bp −$3,255
Sell Lighter RH live order book, 4 min ago1.14 bp1.2 bp −$15.4 bp −$54doesn't fitdoesn't fit

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−0.3476%1h1,433.1−0.821%$33K$275K12xas long as short
BloFin ZEC-USDT−0.0092%8h1,445.6+0.041%$28.8M$74.8M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,444.6−0.032%$6K$2K10xas long as short
Kraken Futures PF_ZECUSD−0.0072%1h1,451.9+0.474%$17.7M$44.7M25xas long as short
Variational Omni ZEC−0.0001%8h1,443−0.136%$45.4M$32.5M—as long as short
dYdX ZEC-USD0.0000%1h1,448.6+0.248%$408K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,449.2+0.287%$907K$5.7M2.2xas long as short
Perpl ZEC0.0000%43m1,449.7+0.325%$82K$401K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,451.1+0.420%$5.1M—150xas long as short
Bybit ZECUSDT+0.0008%8h1,453.3+0.574%$267.7M$675.4M75xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0015%8h1,451.5+0.447%$291K$1.5M20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0027% / S +0.0071%1h1,450.8+0.400%$545K—100xas long as short
OKX ZEC-USDT-SWAP+0.0056%8h1,454+0.622%$172.4M$1.36B50xas long as short
01 Exchange ZECUSD+0.0072%1h1,449.7+0.324%$8K$8K5xas long as short
Gate ZEC_USDT+0.0074%8h1,453.2+0.568%$49.6M$189.2M75xas long as short
Aster ZECUSDT+0.0078%8h1,451.9+0.478%$15.3M$34.6M75xas long as short
Katana Perps ZEC-USD+0.0095%8h1,448.9+0.272%$13K$873K10xas long as short
Lighter ZEC+0.0096%1h1,453.4+0.583%$18.7M$54.5M20xas long as short
Popdex ZECUSDT+0.0096%1h1,449.5+0.308%$173K$2.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,449.4+0.305%$60K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,450.5+0.380%$2.4M$7.1M10xas long as short
Hyperliquid ZEC+0.0100%1h1,453.9+0.615%$751.3M$495.5M10xas long as short
Pacifica ZEC+0.0100%1h1,448.5+0.242%$1.6M$3.1M10xas long as short
Binance ZECUSDT+0.0100%8h1,453.8+0.607%$662.7M$2.53B75xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,441.6−0.236%$392K$516K5xas long as short
Bulk ZEC-USDlong+0.0100%1h1,445long leg$890K$32K10x
MEXC ZEC_USDT+0.0100%8h1,452.3+0.507%$215.5M$892.9M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,452.6+0.525%$103.3M$56.9M75xas long as short
Bitget ZECUSDT+0.0100%8h1,453.3+0.575%$160.9M$313.1M75xas long as short
BingX ZEC-USDC+0.0100%8h1,452.2+0.498%—$6.8M—as long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,453.9+0.615%$2.3M$4.1M15xas long as short
edgeX ZECUSDC+0.0100%4h1,445.3+0.020%$485K$9.8M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,448.7+0.254%$3.0M$501K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,445.1+0.003%$703K$607K50xas long as short
StandX ZEC-USD+0.0100%1h1,444.4−0.044%$108K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,449.7+0.325%$349K$2.0M10xas long as short
Bullet ZEC-USD+0.0100%1h1,450.6+0.390%$127K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,450.1+0.351%$441K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,452+0.482%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,451.9+0.476%$220K$4.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,451+0.415%$2.4M$24.9M75xas long as short
Phemex ZECUSDT+0.0100%8h1,452.4+0.512%$3.7M$5.3M50xas long as short
Phoenix ZEC+0.0103%1h1,445.9+0.062%$4.5M$1.6M10xas long as short
Extended ZEC-USD+0.0104%1h1,451.9+0.475%$3.2M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,451.6+0.455%$36K$362K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0187%1h1,452.6+0.527%$591K$1.3M25xas long as short
RISEx ZEC/USDC+0.0219%1h1,450+0.342%$865K$1.9M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0440%1h1,453.2+0.563%$3.7M$11.4M50xas long as short
Aftermath Perps ZECUSD+0.0455%1h1,448.9+0.269%$39K$32K10xas long as short
Arcus ZEC-USD+0.0518%1h1,451.2+0.432%$766K$7.9M10xas long as short
Lighter RH ZECshort+0.0672%1h1,454.4+0.646%$1.9M$8.5M10x