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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 12:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.038%
Price spread now: Lighter RH against Katana Perps+0.122%7-day average +0.075% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.061%+$6 on $10k
Price spread, last 7 days−0.035%−$4 · spread now +0.122%, 7d avg +0.075%
Together, before fees+0.026%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.047% dearer against Katana Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.075%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ZEC-USD1,498.60.0099pay 0.0099% / 8h4h 47m$25K$857K10x
ShortLighter RH ZEC1,500.40.0096get 0.0012% / 1h47m 59s$2.1M$7.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Katana Perps. 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
−$0.56
Price spread: +0.122% → +0.075%
$4.67
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$0.31
Costs to cover
0.038%
Break-even
from the start
Slippage unknown: Katana Perps: no order-book sample; Lighter RH: live order book, 4 min ago. 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 Katana Perps no order-book sample—————
Sell Lighter RH live order book, 4 min ago1.47 bp1.5 bp −$12.6 bp −$26161.3 bp −$16.1Kdoesn't fit
Katana Perps: 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 exchanges

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−0.3418%1h1,485.9−0.847%$36K$267K12xas long as short
Perpl ZEC−0.0447%43m1,497.5−0.069%$63K$296K10xas long as short
Aftermath Perps ZECUSD−0.0260%1h1,498.8+0.017%$47K$76K10xas long as short
BloFin ZEC-USDT−0.0178%8h1,494.5−0.270%$31.9M$71.8M75xas long as short
Ondo Perps ZEC-USD.P−0.0149%1h1,495.2−0.225%$407K$480K5xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,499.7+0.077%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,499.1+0.037%$413K$29K5xas long as short
01 Exchange ZECUSD0.0000%1h1,499.3+0.049%$8K$6K5xas long as short
Kalshi KXZECPERP0.0000%8h1,499.6+0.066%$1.5M$4.9M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,498.9+0.019%$5.3M—150xas long as short
Show all 51 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0056%8h1,499.2+0.040%$303K$652K20xas long as short
Phoenix ZEC+0.0064%1h1,501.3+0.184%$4.8M$1.3M10xas long as short
ApeX Omni ZECUSDT+0.0070%1h1,496.5−0.139%$408K$959K50xas long as short
RISEx ZEC/USDC+0.0083%1h1,499+0.029%$906K$1.3M10xas long as short
Aster ZECUSDT+0.0084%8h1,498−0.035%$14.3M$25.5M75xas long as short
Lighter ZEC+0.0096%1h1,500.2+0.107%$20.2M$37.4M20xas long as short
Lighter RH ZECshort+0.0096%1h1,500.4+0.122%$2.1M$7.0M10x
Popdex ZECUSDT+0.0096%1h1,498.9+0.023%$168K$1.3M50xas long as short
Katana Perps ZEC-USDlong+0.0099%8h1,498.6long leg$25K$857K10x
Paradex ZEC-USD-PERP+0.0100%8h1,499.5+0.059%$62K$14K10xas long as short
Nado ZEC-PERP+0.0100%1h1,499.6+0.067%$3.1M$6.9M10xas long as short
Hyperliquid ZEC+0.0100%1h1,500+0.094%$791.8M$418.8M10xas long as short
Pacifica ZEC+0.0100%1h1,499.5+0.060%$1.5M$2.1M10xas long as short
Binance ZECUSDT+0.0100%8h1,498.2−0.023%$701.1M$2.12B75xas long as short
Bybit ZECUSDT+0.0100%8h1,497.5−0.071%$274.4M$577.1M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,497.8−0.054%$185.5M$1.25B50xas long as short
Arcus ZEC-USD+0.0100%1h1,500+0.096%$601K$8.4M10xas long as short
Bulk ZEC-USD+0.0100%1h1,501.7+0.208%$777K$182K10xas long as short
Gate ZEC_USDT+0.0100%8h1,498.7+0.011%$64.8M$163.5M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,498.5−0.005%$179.7M$799.5M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,498.3−0.021%$105.4M$50.9M75xas long as short
Bitget ZECUSDT+0.0100%8h1,498.1−0.031%$163.7M$269.7M75xas long as short
BingX ZEC-USDT+0.0100%8h1,499+0.027%—$118.5M—as long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,499.3+0.046%$2.2M$3.6M15xas long as short
Variational Omni ZEC+0.0100%8h1,496.2−0.160%$49.4M$32.6M—as long as short
edgeX ZECUSDC+0.0100%4h1,496.2−0.157%$547K$8.3M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,496.9−0.111%$3.1M$642K10xas long as short
StandX ZEC-USD+0.0100%1h1,494.6−0.264%$111K$4.5M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,498.3−0.018%$367K$1.4M10xas long as short
Bullet ZEC-USD+0.0100%1h1,498.8+0.016%$168K$188K20xas long as short
Derive ZEC-PERP+0.0100%1h1,498.5−0.001%$391K$494K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,501.4+0.191%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,499.2+0.042%$257K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,497−0.105%$2.7M$20.0M75xas long as short
Phemex ZECUSDT+0.0100%8h1,499.4+0.055%$4.0M$4.7M50xas long as short
Extended ZEC-USD+0.0104%1h1,498.2−0.025%$2.7M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,498.6+0.003%$37K$163K20xas long as short
Kraken Futures PF_ZECUSD+0.0178%1h1,499.5+0.060%$18.6M$45.2M25xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0205% / S −0.0226%1h1,498.6+0.004%$348K—100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0370%1h1,500.2+0.106%$693K$1.3M25xas long as short
Coinbase International ZEC-PERP-INTX+0.0392%1h1,500.5+0.131%$4.0M$9.3M50xas long as short