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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0101%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.048%
Price spread now: Lighter against Ondo Perps+0.045%7-day average +0.117% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.217%+$22 on $10k
Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.045%, 7d avg +0.117%
Together, before fees+0.268%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.071% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.045% now, against its 7-day average of +0.117%). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps ZEC-USD.P1,4500.0043pay 0.0005% / 1h38m 53s$396K$432K5x
ShortLighter ZEC1,450.70.0144get 0.0018% / 1h38m 53s$19.0M$46.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Ondo Perps. 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
$21.17
Price spread: +0.045% → +0.117%
−$7.14
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Lighter: 0 bp × 2 orders
$0
Net
$9.02
Costs to cover
0.050%
Break-even
4.0 days
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Lighter live order book, 10 min ago1.13 bp1.1 bp −$13.0 bp −$3016.0 bp −$1,59978.8 bp −$39.4K
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.3244%1h1,453.3+0.226%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,453.1+0.213%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0079%8h1,449.9−0.004%$29.3M$70.6M75xas long as short
dYdX ZEC-USD0.0000%1h1,449.9−0.007%$408K$45K5xas long as short
Kalshi KXZECPERP0.0000%8h1,449.8−0.012%$957K$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,450−0.001%$83K$248K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,448.5−0.100%$609K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,449.7−0.023%$5.1M150xas long as short
Orderly PERP_ZEC_USDC+0.0039%8h1,448.8−0.084%$289K$979K20xas long as short
Ondo Perps ZEC-USD.Plong+0.0043%1h1,450long leg$396K$432K5x
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ZEC/USD [WBTC.b-USDC]L +0.0053% / S −0.0009%1h1,449.6−0.025%$374K100xas long as short
Phoenix ZEC+0.0074%1h1,454.9+0.339%$4.6M$1.4M10xas long as short
Gate ZEC_USDT+0.0090%8h1,448−0.139%$49.2M$172.1M75xas long as short
Popdex ZECUSDT+0.0096%1h1,449.2−0.053%$172K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,448.4−0.111%$13K$855K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,451.2+0.081%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,450.1+0.007%$2.5M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,450.8+0.055%$755.1M$432.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,448.6−0.094%$14.4M$28.9M75xas long as short
Pacifica ZEC+0.0100%1h1,451.2+0.085%$1.7M$2.6M10xas long as short
Binance ZECUSDT+0.0100%8h1,448.5−0.107%$665.0M$2.26B75xas long as short
Bybit ZECUSDT+0.0100%8h1,448.6−0.094%$266.5M$609.7M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,449.6−0.028%$178.5M$1.23B50xas long as short
Bulk ZEC-USD+0.0100%1h1,458.7+0.597%$886K$16K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,448.5−0.106%$211.9M$773.4M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,448.3−0.114%$101.7M$55.9M75xas long as short
Bitget ZECUSDT+0.0100%8h1,448−0.141%$160.5M$277.2M75xas long as short
BingX ZEC-USDT+0.0100%8h1,448.6−0.094%$97.4Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,449.5−0.035%$2.3M$3.8M15xas long as short
Variational Omni ZEC+0.0100%8h1,454.9+0.339%$47.2M$32.0Mas long as short
edgeX ZECUSDC+0.0100%4h1,456.5+0.445%$567K$8.8M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,459.3+0.639%$3.0M$418K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,458.9+0.610%$420K$883K50xas long as short
StandX ZEC-USD+0.0100%1h1,454.4+0.301%$70K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,450.3+0.021%$322K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,450.1+0.010%$126K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,447.3−0.188%$442K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,451.3+0.091%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,449.1−0.066%$232K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,448.6−0.099%$2.6M$18.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,450.1+0.007%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,447.7−0.156%$2.8M$7.7M10xas long as short
01 Exchange ZECUSD+0.0104%1h1,449.8−0.014%$8K$7K5xas long as short
Aevo ZEC-PERP+0.0104%1h1,448.4−0.108%$48K$155K20xas long as short
Lighter ZECshort+0.0144%1h1,450.7+0.045%$19.0M$46.2M20x
Kraken Futures PF_ZECUSD+0.0197%1h1,449.2−0.055%$17.7M$44.2M25xas long as short
Arcus ZEC-USD+0.0277%1h1,453+0.208%$721K$8.5M10xas long as short
Lighter RH ZEC+0.0312%1h1,451+0.069%$2.0M$6.8M10xas long as short
RISEx ZEC/USDC+0.0409%1h1,449.6−0.026%$823K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0456%1h1,449.8−0.013%$3.6M$9.0M50xas long as short
Aftermath Perps ZECUSD+0.0710%1h1,458.3+0.573%$43K$46K10xas long as short