Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.012%
Price spread now: HTX against Lighter−0.020%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$220.220% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.580%−$58 on $10k
Price spread, last 4 days (all we have)+1.219%+$122 · spread now −0.020%, 7d avg −0.096%
Together, before fees+0.639%+ Points / potential airdropLighter: Season 3 · farm board+$64 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: HTX is 0.076% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.096%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ZEC1,5170.0096pay 0.0012% / 1h46m 59s$19.6M$44.7M20x
ShortHTX ZEC-USDT1,516.70.0100get 0.0100% / 8h7h 46m$2.7M$21.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
$0.84
Price spread: −0.020% → −0.096%
$7.57
Slippage, 4 orders
−$9.99
Fee Lighter: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$13.58
Costs to cover
0.220%
Break-even
120.2 days
Slippage from Lighter: live order book, 7 min ago; HTX: live order book, 2 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 Lighter live order book, 7 min ago0.91 bp1.6 bp −$22.4 bp −$2418.1 bp −$1,81576.1 bp −$38.0K
Sell HTX live order book, 2 min ago2.71 bp9.1 bp −$913.5 bp −$13529.5 bp −$2,952doesn'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−0.3702%1h1,494.3−1.497%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,515.5−0.098%$62K$305K10xas long as short
BloFin ZEC-USDT−0.0155%8h1,516.5−0.034%$31.6M$77.2M75xas long as short
Aftermath Perps ZECUSD−0.0134%1h1,516.4−0.043%$48K$59K10xas long as short
Bulk ZEC-USD−0.0101%1h1,517.9+0.058%$781K$147K10xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,517.7+0.045%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,516.5−0.033%$421K$34K5xas long as short
Kalshi KXZECPERP0.0000%8h1,517.5+0.031%$1.6M$5.0M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,516.3−0.046%$5.4M150xas long as short
Kraken Futures PF_ZECUSD+0.0019%1h1,516.3−0.046%$18.4M$47.7M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ZECUSDT+0.0019%1h1,516.5−0.032%$416K$951K50xas long as short
01 Exchange ZECUSD+0.0024%1h1,517−0.003%$8K$6K5xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0067%1h1,516.6−0.024%$693K$1.4M25xas long as short
Phoenix ZEC+0.0082%1h1,518.9+0.121%$4.8M$1.4M10xas long as short
Orderly PERP_ZEC_USDC+0.0084%8h1,515.9−0.073%$306K$861K20xas long as short
Lighter ZEClong+0.0096%1h1,517long leg$19.6M$44.7M20x
Lighter RH ZEC+0.0096%1h1,517.4+0.025%$2.1M$7.5M10xas long as short
Popdex ZECUSDT+0.0096%1h1,517−0.003%$172K$1.8M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,516.8−0.014%$63K$19K10xas long as short
Katana Perps ZEC-USD+0.0100%8h1,516.7−0.021%$16K$900K10xas long as short
Nado ZEC-PERP+0.0100%1h1,517+0.001%$3.1M$7.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,517.4+0.025%$794.6M$448.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,515.6−0.090%$14.2M$30.9M75xas long as short
Pacifica ZEC+0.0100%1h1,517.6+0.038%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,516−0.069%$716.5M$2.33B75xas long as short
Bybit ZECUSDT+0.0100%8h1,515.3−0.111%$272.6M$629.1M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,515.9−0.077%$185.9M$1.39B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,516.4−0.040%$413K$548K5xas long as short
Arcus ZEC-USD+0.0100%1h1,517.5+0.035%$596K$9.0M10xas long as short
Gate ZEC_USDT+0.0100%8h1,515.8−0.078%$60.4M$183.7M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,516.1−0.060%$408.7M$829.4M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,516−0.067%$103.6M$57.4M75xas long as short
Bitget ZECUSDT+0.0100%8h1,516−0.068%$163.5M$294.8M75xas long as short
BingX ZEC-USDT+0.0100%8h1,516−0.067%$120.2Mas long as short
Variational Omni ZEC+0.0100%8h1,517.7+0.046%$50.1M$35.8Mas long as short
edgeX ZECUSDC+0.0100%4h1,518.8+0.115%$556K$9.2M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,516.2−0.053%$3.1M$530K10xas long as short
StandX ZEC-USD+0.0100%1h1,519.3+0.151%$51K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,517.6+0.039%$377K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,517−0.003%$170K$194K20xas long as short
Derive ZEC-PERP+0.0100%1h1,516.9−0.008%$453K$408K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,519+0.131%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,515.9−0.074%$256K$3.6M10xas long as short
HTX ZEC-USDTshort+0.0100%8h1,516.7−0.020%$2.7M$21.3M75x
Phemex ZECUSDT+0.0100%8h1,516.7−0.019%$4.1M$4.9M50xas long as short
Extended ZEC-USD+0.0104%1h1,515.7−0.089%$2.8M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,515.6−0.092%$43K$150K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0155% / S −0.0157%1h1,516.2−0.055%$337K100xas long as short
RISEx ZEC/USDC+0.0157%1h1,516.3−0.045%$967K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0368%1h1,518.6+0.106%$3.8M$10.0M50xas long as short
Backpack ZEC_USDC_PERP+0.0548%1h1,516.4−0.040%$2.4M$3.8M15xas long as short