Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.041%

Price spread now: BingX against Lighter RH−0.150%7-day average −0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Lighter RH Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.333%−$33 on $10k

Price spread, last 7 days+0.085%+$9 · spread now −0.150%, 7d avg −0.154%

Together, before fees−0.248%+ Points / potential airdropLighter RH: Points live · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.154%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ZEC	1,450.6	0.0312	pay 0.0039% / 1h	37m 55s	$2.0M	$6.8M	10x
Short	BingX ZEC-USDC	1,448.4	0.0100	get 0.0100% / 8h	5h 37m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Lighter RH. 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 Lighter RHbpFee BingXbpOrdersPrice spread, now −0.150%Rate

Funding earned: −$44.52
Price spread: −0.150% → −0.154%: $0.4
Slippage, 4 orders: −$13.94
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$68.05
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 6 min ago; BingX: live order book, 14 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 RH live order book, 6 min ago	2.70 bp	2.9 bp −$3	7.0 bp −$70	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	0.41 bp	11.0 bp −$11	17.3 bp −$173	32.8 bp −$3,282	78.1 bp −$39.1K

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	−0.3244%	1h	1,453.3	+0.183%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,449.6	−0.071%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0079%	8h	1,449.9	−0.046%	$29.3M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,448.4	−0.154%	$408K	$45K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,449.6	−0.068%	$957K	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450.7	+0.006%	$83K	$248K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,448.3	−0.163%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0039%	8h	1,448.8	−0.128%	$289K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0053% / S −0.0009%	1h	1,449.4	−0.081%	$374K	—	100x	as long as short
Ondo Perps ZEC-USD.P	+0.0060%	1h	1,445.9	−0.325%	$396K	$431K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0074%	1h	1,454.9	+0.297%	$4.6M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,449.5	−0.076%	$173K	$1.8M	50x	as long as short
Gate ZEC_USDT	+0.0096%	8h	1,449.2	−0.099%	$49.2M	$172.2M	75x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,448.5	−0.145%	$13K	$855K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,449.5	−0.073%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,450.2	−0.026%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,449.9	−0.049%	$754.5M	$433.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,448.4	−0.151%	$14.4M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,449.8	−0.057%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,449.4	−0.083%	$665.4M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,448.2	−0.165%	$266.2M	$610.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,448.6	−0.138%	$178.8M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	+0.554%	$886K	$16K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,449.3	−0.088%	$212.3M	$773.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,450.6	+0.002%	$101.9M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,448.4	−0.150%	$160.7M	$277.6M	75x	as long as short
BingX ZEC-USDCshort	+0.0100%	8h	1,448.4	−0.150%	—	$6.7M	—
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,449.2	−0.101%	$2.3M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454.9	+0.297%	$47.2M	$32.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.5	+0.403%	$567K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	+0.597%	$3.0M	$418K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,458.9	+0.568%	$420K	$883K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.6	−0.004%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,449.4	−0.083%	$322K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,449.7	−0.060%	$134K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,447.1	−0.244%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,451.4	+0.057%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,448.9	−0.115%	$231K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,447.9	−0.187%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,449.2	−0.098%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,448.6	−0.142%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,448.2	−0.165%	$48K	$155K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,450.2	−0.026%	$8K	$7K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0118%	1h	1,448.8	−0.122%	$609K	$1.3M	25x	as long as short
Lighter ZEC	+0.0168%	1h	1,450.3	−0.021%	$18.9M	$46.3M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0197%	1h	1,449	−0.114%	$17.7M	$44.3M	25x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,452.6	+0.138%	$724K	$8.5M	10x	as long as short
Lighter RH ZEClong	+0.0312%	1h	1,450.6	long leg	$2.0M	$6.8M	10x
RISEx ZEC/USDC	+0.0409%	1h	1,450.2	−0.026%	$824K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,450.4	−0.013%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0709%	1h	1,456.5	+0.409%	$43K	$46K	10x	as long as short