ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0304%/8h= +33.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.062%

Price spread now: Coinbase International against Lighter+0.023%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 4 days (all we have)+0.637%+$64 · spread now +0.023%, 7d avg +0.058%

Together, before fees+0.375%+ Points / potential airdropLighter: Season 3 · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.034% cheaper against Lighter than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.058%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.262%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZEC	1,481.9	0.0192	pay 0.0024% / 1h	23m 19s	$19.6M	$44.1M	20x
Short	Coinbase International ZEC-PERP-INTX	1,482.2	0.0496	get 0.0062% / 1h	23m 19s	$3.7M	$9.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.023%Rate

Funding earned: $63.84
Price spread: +0.023% → +0.058%: −$3.42
Slippage, 4 orders: −$19.4
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $31.02
Costs to cover: 0.294%
Break-even: 3.6 days

Slippage from Lighter: live order book, 6 min ago; Coinbase International: live order book, 6 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 Lighter live order book, 6 min ago	1.29 bp	2.8 bp −$3	7.0 bp −$70	22.7 bp −$2,270	109.9 bp −$54.9K
Sell Coinbase International live order book, 6 min ago	2.44 bp	13.4 bp −$13	18.0 bp −$180	52.8 bp −$5,280	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	−0.3243%	1h	1,461.8	−1.357%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0098%	8h	1,482.6	+0.050%	$30.1M	$71.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,479.5	−0.163%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,480	−0.125%	$411K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,480.5	−0.093%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,479.1	−0.188%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,479.5	−0.164%	$5.3M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0050%	1h	1,480.3	−0.111%	$629K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,479.3	−0.174%	$296K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,480.1	−0.124%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0092%	8h	1,479.3	−0.177%	$263.5M	$598.0M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,475.1	−0.458%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,479.7	−0.145%	$174K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0100% / S −0.0054%	1h	1,479.3	−0.178%	$441K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,479.3	−0.174%	$11K	$824K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,479.3	−0.173%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,479.9	−0.137%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,480.2	−0.114%	$772.2M	$421.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,479.6	−0.155%	$14.5M	$28.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,479.9	−0.133%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,479.5	−0.161%	$686.7M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,479.1	−0.190%	$179.7M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,474.6	−0.492%	$400K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	−0.640%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,479.4	−0.166%	$53.7M	$172.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,479.6	−0.155%	$229.1M	$765.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,480.2	−0.114%	$105.5M	$53.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,479.7	−0.150%	$166.9M	$269.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,478.5	−0.226%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,473.7	−0.554%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475	−0.466%	$556K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,477.9	−0.267%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.9	−0.605%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,479.1	−0.186%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,479.5	−0.161%	$365K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,479.4	−0.167%	$163K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,478.6	−0.221%	$451K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,481.6	−0.018%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,480.1	−0.119%	$245K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,477.2	−0.318%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,481.5	−0.028%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,479.6	−0.156%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,479.6	−0.158%	$45K	$153K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,481.9	−0.001%	$2.1M	$7.1M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0145%	1h	1,480.1	−0.124%	$18.1M	$45.7M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,479.9	−0.131%	$934K	$1.1M	10x	as long as short
Lighter ZEClong	+0.0192%	1h	1,481.9	long leg	$19.6M	$44.1M	20x
Backpack ZEC_USDC_PERP	+0.0403%	1h	1,480.6	−0.091%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0496%	1h	1,482.2	+0.023%	$3.7M	$9.3M	50x
Arcus ZEC-USD	+0.0508%	1h	1,480.9	−0.069%	$655K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0707%	1h	1,476	−0.397%	$45K	$49K	10x	as long as short