Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.018%

Price spread now: Lighter against KuCoin+0.102%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs+$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.460%+$46 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.102%, 7d avg +0.081%

Together, before fees+0.433%+ Points / potential airdropLighter: Season 3 · farm board+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.021% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZECUSDTM	1,453.6	0.0100	pay 0.0100% / 8h	3h 50m	$102.5M	$53.7M	75x
Short	Lighter ZEC	1,455.1	0.0184	get 0.0023% / 1h	50m 13s	$19.2M	$44.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.102%Rate

Funding earned: $17.64
Price spread: +0.102% → +0.081%: $2.12
Slippage, 4 orders: −$12.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.29
Costs to cover: 0.241%
Break-even: 8.7 days

Slippage from KuCoin: live order book, 4 min ago; Lighter: live order book, 9 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 KuCoin live order book, 4 min ago	1.27 bp	9.9 bp −$10	20.1 bp −$201	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	1.01 bp	1.6 bp −$2	2.7 bp −$27	11.5 bp −$1,147	68.6 bp −$34.3K

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	1,455.4	+0.122%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,454	+0.023%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,454.2	+0.042%	$29.4M	$70.5M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,454.3	+0.047%	$410K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454.2	+0.041%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,453.4	−0.019%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,453.6	0.000%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,453.3	−0.021%	$290K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0078% / S −0.0027%	1h	1,453.3	−0.022%	$432K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,453	−0.043%	$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	1,453.4	−0.018%	$10K	$848K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,453.4	−0.015%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,454.1	+0.036%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,453.7	+0.004%	$14.7M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,454	+0.026%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,453.8	+0.009%	$667.6M	$2.20B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,452.8	−0.054%	$260.9M	$600.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,453.5	−0.012%	$177.6M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,452.7	−0.063%	$395K	$440K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454	+0.027%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,453.4	−0.012%	$50.5M	$170.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,453.5	−0.006%	$214.4M	$765.3M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,453.6	long leg	$102.5M	$53.7M	75x
Bitget ZECUSDT	+0.0100%	8h	1,453.6	0.000%	$165.3M	$270.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,453.4	−0.017%	—	$105.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,453	−0.041%	$47.6M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,455.8	+0.150%	$566K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.5	+0.199%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457	+0.233%	$404K	$941K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,455.5	+0.127%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452.9	−0.050%	$353K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,453.5	−0.006%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,452.2	−0.098%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,455.2	+0.107%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,453.4	−0.012%	$233K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,453.2	−0.027%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,454.4	+0.051%	$3.8M	$5.0M	50x	as long as short
Lighter RH ZEC	+0.0104%	1h	1,455	+0.092%	$2.1M	$7.0M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,453.4	−0.012%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,453.4	−0.015%	$47K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,453.6	−0.001%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0116%	1h	1,457.5	+0.266%	$4.6M	$1.3M	10x	as long as short
Hyperliquid ZEC	+0.0127%	1h	1,454.7	+0.074%	$756.7M	$428.5M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0168%	1h	1,453.9	+0.021%	$2.4M	$3.9M	15x	as long as short
Lighter ZECshort	+0.0184%	1h	1,455.1	+0.102%	$19.2M	$44.7M	20x
RISEx ZEC/USDC	+0.0216%	1h	1,453.5	−0.005%	$920K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0228%	1h	1,454.2	+0.039%	$614K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,453.4	−0.016%	$18.0M	$45.1M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,455.6	+0.136%	$689K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,456.9	+0.226%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0679%	1h	1,455.3	+0.117%	$45K	$49K	10x	as long as short