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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0684%/8h= −74.9% APRpaid last 24h −0.025%
Price spread now: HTX against Lighter RH−0.175%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$240.241% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.427%−$43 on $10k
Price spread, last 3 days (all we have)+0.203%+$20 · spread now −0.175%, 7d avg −0.102%
Together, before fees−0.224%+ Points / potential airdropLighter RH: Points live · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and HTX is 0.073% cheaper against Lighter RH than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.102%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.427% in total (about -22.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ZEC1,472.70.0784pay 0.0098% / 1h32m 43s$2.0M$8.1M10x
ShortHTX ZEC-USDT1,470.20.0100get 0.0100% / 8h7h 32m$2.5M$21.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$143.64
Price spread: −0.175% → −0.102%
−$7.31
Slippage, 4 orders
−$12.12
Fee Lighter RH: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$175.08
Costs to cover
0.241%
Break-even
never at this rate
Slippage from Lighter RH: live order book, 6 min ago; HTX: live order book, 1 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, 6 min ago1.09 bp4.9 bp −$517.6 bp −$176doesn't fitdoesn't fit
Sell HTX live order book, 1 min ago2.21 bp9.9 bp −$1016.8 bp −$16834.9 bp −$3,487123.4 bp −$61.7K

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−0.3321%1h1,470.2−0.172%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0343%1h1,469.9−0.192%$17.9M$43.0M25xas long as short
Ondo Perps ZEC-USD.P−0.0142%1h1,468.5−0.287%$399K$519K5xas long as short
BloFin ZEC-USDT−0.0102%8h1,470.4−0.158%$29.8M$73.2M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,469.3−0.236%$6K$2K10xas long as short
Bybit ZECUSDT−0.0076%8h1,469−0.257%$273.9M$636.0M75xas long as short
Variational Omni ZEC−0.0056%8h1,468.2−0.309%$47.6M$34.2Mas long as short
dYdX ZEC-USD0.0000%1h1,469.9−0.192%$414K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,469.9−0.189%$957K$5.2M2.2xas long as short
Perpl ZEC0.0000%43m1,469−0.254%$83K$405K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,469.8−0.196%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0015%8h1,469.7−0.206%$293K$1.4M20xas long as short
01 Exchange ZECUSD+0.0032%1h1,469−0.251%$8K$8K5xas long as short
OKX ZEC-USDT-SWAP+0.0046%8h1,469−0.255%$181.8M$1.30B50xas long as short
Phoenix ZEC+0.0054%1h1,470.8−0.132%$4.7M$1.6M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,469.7−0.207%$378K100xas long as short
Popdex ZECUSDT+0.0096%1h1,469.7−0.204%$176K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,469.4−0.226%$14K$832K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,469.3−0.235%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,470−0.187%$2.6M$6.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,471.5−0.085%$763.1M$454.9M10xas long as short
Aster ZECUSDT+0.0100%8h1,470.8−0.133%$14.9M$31.9M75xas long as short
Pacifica ZEC+0.0100%1h1,470.3−0.162%$1.7M$2.8M10xas long as short
Binance ZECUSDT+0.0100%8h1,470.3−0.167%$684.1M$2.38B75xas long as short
Arcus ZEC-USD+0.0100%1h1,471−0.117%$697K$8.5M10xas long as short
Bulk ZEC-USD+0.0100%1h1,471−0.119%$895K$25K10xas long as short
Gate ZEC_USDT+0.0100%8h1,469.2−0.238%$51.2M$179.1M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,469.9−0.195%$231.7M$825.4M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,470−0.183%$104.9M$55.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,469.4−0.228%$163.4M$293.2M75xas long as short
BingX ZEC-USDC+0.0100%8h1,468.5−0.289%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,468.4−0.293%$571K$9.2M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,468.3−0.300%$3.0M$466K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,470−0.189%$430K$860K50xas long as short
StandX ZEC-USD+0.0100%1h1,468.9−0.259%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,469.3−0.233%$333K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,469.4−0.229%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,467.9−0.327%$458K$509K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,471.6−0.080%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,469.7−0.205%$242K$4.0M10xas long as short
HTX ZEC-USDTshort+0.0100%8h1,470.2−0.175%$2.5M$21.4M75x
Phemex ZECUSDT+0.0100%8h1,470.8−0.132%$3.9M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,469.3−0.232%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,469.9−0.195%$56K$167K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0166%1h1,470.6−0.147%$605K$1.3M25xas long as short
Lighter ZEC+0.0192%1h1,471.8−0.065%$19.2M$50.4M20xas long as short
RISEx ZEC/USDC+0.0228%1h1,470−0.188%$850K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,471.8−0.060%$3.8M$10.1M50xas long as short
Backpack ZEC_USDC_PERP+0.0523%1h1,471.5−0.086%$2.5M$3.8M15xas long as short
Aftermath Perps ZECUSD+0.0771%1h1,470.9−0.123%$44K$47K10xas long as short
Lighter RH ZEClong+0.0784%1h1,472.7long leg$2.0M$8.1M10x