Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.029%

Price spread now: KuCoin against Lighter RH−0.044%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Lighter RH Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.319%−$32 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.044%, 7d avg −0.079%

Together, before fees−0.277%+ Points / potential airdropLighter RH: Points live · farm board−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.035% dearer against Lighter RH than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.079%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.319% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ZEC	1,466.2	0.0144	pay 0.0018% / 1h	56m 54s	$2.1M	$6.8M	10x
Short	KuCoin ZECUSDTM	1,465.6	0.0100	get 0.0100% / 8h	5h 56m	$103.0M	$55.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$9.24
Price spread: −0.044% → −0.079%: $3.54
Slippage, 4 orders: −$8.45
Fee Lighter RH: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$26.15
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago	0.88 bp	2.2 bp −$2	4.6 bp −$46	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.60 bp	8.1 bp −$8	13.9 bp −$139	doesn't fit	doesn't fit

ZEC on 50 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	1,469.5	+0.226%	$34K	$272K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0175%	1h	1,466.9	+0.046%	$398K	$441K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.3	+0.278%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,466.6	+0.025%	$413K	$47K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,466.2	−0.003%	$972K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,465.3	−0.062%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.8	−0.167%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0033%	8h	1,463.6	−0.179%	$292K	$984K	20x	as long as short
Popdex ZECUSDT	+0.0040%	1h	1,466.3	+0.005%	$173K	$1.8M	50x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,466.8	+0.040%	$8K	$8K	5x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,464	−0.153%	$383K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,469.6	+0.232%	$4.6M	$1.4M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0078%	1h	1,464.6	−0.112%	$609K	$1.3M	25x	as long as short
Variational Omni ZEC	+0.0079%	8h	1,468.1	+0.129%	$48.0M	$32.4M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0095%	8h	1,465.8	−0.030%	$180.5M	$1.24B	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,466.2	−0.002%	$16K	$845K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467.1	+0.057%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,464.5	−0.116%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,466.7	+0.033%	$764.0M	$435.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,465.1	−0.074%	$14.7M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,466.7	+0.031%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,465.5	−0.049%	$677.4M	$2.25B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,465.3	−0.065%	$271.8M	$604.5M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	+0.025%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,465.4	−0.057%	$50.1M	$169.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,465.6	−0.044%	$216.0M	$768.0M	150x	as long as short
KuCoin ZECUSDTMshort	+0.0100%	8h	1,465.6	−0.044%	$103.0M	$55.7M	75x
Bitget ZECUSDT	+0.0100%	8h	1,465.8	−0.028%	$162.9M	$275.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,465.4	−0.059%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468	+0.124%	$571K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,469.2	+0.201%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.2	+0.200%	$427K	$880K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,467.9	+0.116%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,465.4	−0.056%	$342K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.8	−0.163%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.3	−0.266%	$446K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,468.8	+0.177%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,464.1	−0.143%	$241K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,464.1	−0.146%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.5	−0.117%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,465.5	−0.050%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.8	−0.167%	$48K	$155K	20x	as long as short
Lighter ZEC	+0.0136%	1h	1,465.7	−0.032%	$19.2M	$45.8M	20x	as long as short
Lighter RH ZEClong	+0.0144%	1h	1,466.2	long leg	$2.1M	$6.8M	10x
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,464.1	−0.142%	$18.0M	$43.7M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0252%	1h	1,464.9	−0.091%	$2.4M	$3.8M	15x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,468.5	+0.154%	$695K	$8.5M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,467.3	+0.076%	$852K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,465.9	−0.019%	$3.7M	$8.9M	50x	as long as short
Aftermath Perps ZECUSD	+0.0734%	1h	1,468.6	+0.161%	$43K	$46K	10x	as long as short