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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.036%
Price spread now: edgeX against Lighter RH+0.152%80s7-day average −0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$160.155% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 7 days−0.172%−$17 · spread now +0.152%, 7d avg −0.130%
Together, before fees−0.208%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.283% dearer against Lighter RH than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of −0.130%): +$28 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 days. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ZEC1,463.20.0128pay 0.0016% / 1h2m 09s$2.1M$7.1M10x
ShortedgeX ZECUSDC1,465.40.0100get 0.0050% / 4h3h 02m$570K$8.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
−$5.88
Price spread: +0.152% → −0.130%
$28.26
Slippage, 4 orders
−$6.52
Fee Lighter RH: 0 bp × 2 orders
$0
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$6.86
Costs to cover
0.155%
Break-even
from the start
Slippage from Lighter RH: live order book, 1 min ago; edgeX: 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 RH live order book, 1 min ago2.32 bp2.6 bp −$35.5 bp −$55doesn't fitdoesn't fit
Sell edgeX live order book, 2 min ago0.68 bp5.3 bp −$59.2 bp −$92doesn't fitdoesn'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−0.3042%1h1,465+0.120%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,463.1−0.003%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0072%8h1,462.7−0.036%$29.6M$70.7M75xas long as short
dYdX ZEC-USD0.0000%1h1,463.20.000%$407K$37K5xas long as short
Perpl ZEC0.0000%43m1,461.8−0.096%$84K$239K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,462.3−0.062%$615K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,461.7−0.100%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0062%8h1,461.7−0.103%$292K$900K20xas long as short
Ondo Perps ZEC-USD.P+0.0070%1h1,464.3+0.076%$397K$436K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0090% / S −0.0042%1h1,461.7−0.101%$436K100xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,461.9−0.091%$174K$1.6M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,462.8−0.025%$14K$799K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,462−0.078%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,462.4−0.055%$2.9M$6.4M10xas long as short
Aster ZECUSDT+0.0100%8h1,462−0.083%$14.5M$27.8M75xas long as short
Pacifica ZEC+0.0100%1h1,462.2−0.070%$1.7M$2.3M10xas long as short
Binance ZECUSDT+0.0100%8h1,461.9−0.087%$673.9M$2.17B75xas long as short
Bybit ZECUSDT+0.0100%8h1,461.4−0.121%$261.4M$585.7M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,461.4−0.122%$178.6M$1.20B50xas long as short
Bulk ZEC-USD+0.0100%1h1,462.8−0.026%$884K$17K10xas long as short
Gate ZEC_USDT+0.0100%8h1,461.9−0.091%$52.5M$173.9M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,461.7−0.103%$218.5M$776.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,461.9−0.085%$103.0M$52.7M75xas long as short
Bitget ZECUSDT+0.0100%8h1,462.4−0.057%$166.3M$267.4M75xas long as short
BingX ZEC-USDC+0.0100%8h1,461.1−0.141%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,465.8+0.181%$48.1M$32.4Mas long as short
edgeX ZECUSDCshort+0.0100%4h1,465.4+0.152%$570K$8.5M20x
GRVT ZEC_USDT_Perp+0.0100%8h1,465.7+0.174%$3.0M$453K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,463.9+0.049%$404K$920K50xas long as short
StandX ZEC-USD+0.0100%1h1,464.8+0.107%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,462−0.081%$357K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,461.7−0.099%$161K$186K20xas long as short
Derive ZEC-PERP+0.0100%1h1,460.9−0.156%$446K$504K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,464.2+0.070%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,461.8−0.096%$234K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,461−0.150%$2.7M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,462.3−0.063%$3.9M$4.8M50xas long as short
Extended ZEC-USD+0.0104%1h1,461.8−0.092%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,461.7−0.103%$47K$151K20xas long as short
01 Exchange ZECUSD+0.0112%1h1,462.1−0.072%$8K$7K5xas long as short
Phoenix ZEC+0.0116%1h1,465.4+0.148%$4.7M$1.3M10xas long as short
Kalshi KXZECPERP+0.0127%8h1,462.9−0.021%$1.5M$4.4M2.2xas long as short
Lighter RH ZEClong+0.0128%1h1,463.2long leg$2.1M$7.1M10x
Hyperliquid ZEC+0.0147%1h1,463.3+0.008%$762.4M$419.6M10xas long as short
Lighter ZEC+0.0160%1h1,463.3+0.008%$19.3M$45.8M20xas long as short
RISEx ZEC/USDC+0.0216%1h1,462.3−0.060%$925K$1.1M10xas long as short
Backpack ZEC_USDC_PERP+0.0315%1h1,462.4−0.052%$2.4M$3.8M15xas long as short
Kraken Futures PF_ZECUSD+0.0331%1h1,461.7−0.100%$18.0M$45.5M25xas long as short
Arcus ZEC-USD+0.0344%1h1,463.6+0.029%$673K$8.2M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0464%1h1,464+0.053%$3.8M$9.0M50xas long as short
Aftermath Perps ZECUSD+0.0685%1h1,463.6+0.030%$45K$49K10xas long as short