Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.026%

Price spread now: Lighter against OKX+0.161%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs+$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.497%+$50 on $10k

Price spread, last 7 days−0.104%−$10 · spread now +0.161%, 7d avg +0.074%

Together, before fees+0.393%+ Points / potential airdropLighter: Season 3 · farm board+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.087% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEC-USDT-SWAP	1,474.1	0.0100	pay 0.0100% / 8h	1h 35m	$178.6M	$1.31B	50x
Short	Lighter ZEC	1,476.5	0.0288	get 0.0036% / 1h	35m 27s	$19.4M	$45.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.161%Rate

Funding earned: $39.48
Price spread: +0.161% → +0.074%: $8.71
Slippage, 4 orders: −$6.65
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $31.55
Costs to cover: 0.166%
Break-even: 1.4 days

Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 8 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 OKX live order book, 4 min ago	0.03 bp	6.4 bp −$6	8.2 bp −$82	17.3 bp −$1,730	doesn't fit
Sell Lighter live order book, 8 min ago	1.19 bp	2.9 bp −$3	4.1 bp −$41	16.0 bp −$1,597	72.3 bp −$36.2K

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	−0.3684%	1h	1,477.1	+0.203%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0125%	8h	1,476.2	+0.144%	$30.4M	$73.6M	75x	as long as short
Bulk ZEC-USD	−0.0118%	1h	1,480.8	+0.454%	$895K	$15K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,474.5	+0.027%	$17.8M	$47.1M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,475.4	+0.087%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,475	+0.063%	$410K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,475.6	+0.102%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.8	−0.022%	$64K	$301K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.7	+0.041%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0076%	8h	1,474.5	+0.024%	$297K	$1.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,474.6	+0.034%	$162K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,474.4	+0.020%	$13K	$866K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.5	+0.026%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474.3	+0.014%	$13.8M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.1	+0.066%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.6	+0.034%	$687.3M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,474	−0.006%	$264.9M	$631.8M	75x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0100%	8h	1,474.1	long leg	$178.6M	$1.31B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,472.5	−0.110%	$403K	$507K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,474.8	+0.046%	$54.0M	$182.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.9	+0.050%	$232.7M	$781.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,475.1	+0.064%	$100.9M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,474.7	+0.037%	$158.7M	$288.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,475	+0.057%	—	$115.3M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,475.1	+0.069%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,474.2	+0.003%	$48.1M	$34.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.3	+0.146%	$564K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,476.1	+0.132%	$3.0M	$488K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.1	+0.131%	$406K	$935K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.7	+0.174%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474	−0.008%	$356K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,475.2	+0.071%	$162K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473.4	−0.049%	$450K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477	+0.195%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.8	+0.043%	$251K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475.8	+0.117%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,475	+0.062%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,475	+0.062%	$61K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.7	+0.036%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474.6	+0.032%	$42K	$152K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0128% / S −0.0120%	1h	1,474.4	+0.019%	$427K	—	100x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,475.2	+0.073%	$923K	$1.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0129%	1h	1,479.5	+0.367%	$47K	$64K	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,478.6	+0.305%	$4.7M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,475.1	+0.066%	$8K	$7K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0178%	1h	1,475.2	+0.075%	$674K	$1.4M	25x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,476.9	+0.190%	$640K	$8.6M	10x	as long as short
Hyperliquid ZEC	+0.0227%	1h	1,475.9	+0.121%	$766.4M	$441.5M	10x	as long as short
Lighter RH ZEC	+0.0264%	1h	1,476.4	+0.156%	$2.1M	$7.4M	10x	as long as short
Lighter ZECshort	+0.0288%	1h	1,476.5	+0.161%	$19.4M	$45.7M	20x
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,476.9	+0.191%	$3.6M	$10.0M	50x	as long as short