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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.037%
Price spread now: Lighter RH against SunX+0.007%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1271.270% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.038%+$4 on $10k
Price spread, last 4 days (all we have)+0.119%+$12 · spread now +0.007%, 7d avg −0.028%
Together, before fees+0.157%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.035% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEC-USDT1,5060.0100pay 0.0100% / 8h40m 44s$3K$1.2M20x
ShortLighter RH ZEC1,506.10.0136get 0.0017% / 1h40m 44s$2.1M$7.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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
$7.56
Price spread: +0.007% → −0.028%
$3.5
Slippage, 4 orders
−$119
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$115.94
Costs to cover
1.270%
Break-even
114.4 days
Slippage from SunX: live order book, 3 min ago; Lighter RH: live order book, 3 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 SunX live order book, 3 min ago29.02 bp50.3 bp −$50doesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 3 min ago2.26 bp2.3 bp −$24.8 bp −$48doesn'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−0.3442%1h1,504.3−0.117%$37K$275K12xas long as short
Perpl ZEC−0.0447%43m1,502.1−0.261%$62K$304K10xas long as short
BloFin ZEC-USDT−0.0180%8h1,504.4−0.109%$31.0M$75.8M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,503.9−0.143%$6K$1K10xas long as short
Aftermath Perps ZECUSD−0.0072%1h1,501−0.336%$48K$59K10xas long as short
Bulk ZEC-USD−0.0053%1h1,497−0.597%$904K$2K10xas long as short
dYdX ZEC-USD0.0000%1h1,505.9−0.011%$418K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,503.6−0.162%$1.5M$4.4M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,504.3−0.114%$5.3M150xas long as short
Kraken Futures PF_ZECUSD+0.0012%1h1,504.4−0.109%$18.1M$46.7M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0083%8h1,503.5−0.170%$303K$1.1M20xas long as short
Ondo Perps ZEC-USD.P+0.0095%1h1,500.8−0.347%$411K$563K5xas long as short
Phoenix ZEC+0.0096%1h1,505.2−0.055%$4.8M$1.4M10xas long as short
Popdex ZECUSDT+0.0096%1h1,503.6−0.160%$175K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0098%8h1,503.9−0.143%$14K$878K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,505.3−0.050%$62K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,504.6−0.091%$3.1M$7.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,506.7+0.045%$787.3M$445.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,504.6−0.095%$14.1M$31.1M75xas long as short
Pacifica ZEC+0.0100%1h1,505.3−0.049%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,505.1−0.062%$704.1M$2.31B75xas long as short
Bybit ZECUSDT+0.0100%8h1,504.2−0.118%$271.1M$623.4M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,504.4−0.108%$183.6M$1.34B50xas long as short
Gate ZEC_USDT+0.0100%8h1,505.5−0.034%$56.4M$183.2M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,504.9−0.072%$241.0M$793.1M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,505.3−0.046%$103.6M$57.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,504.9−0.076%$162.5M$289.6M75xas long as short
BingX ZEC-USDT+0.0100%8h1,504.6−0.096%$118.2Mas long as short
Variational Omni ZEC+0.0100%8h1,503−0.203%$49.1M$34.6Mas long as short
edgeX ZECUSDC+0.0100%4h1,503.8−0.146%$575K$9.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,500.8−0.344%$3.1M$507K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,499.8−0.414%$413K$945K50xas long as short
StandX ZEC-USD+0.0100%1h1,504.9−0.076%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,503.7−0.154%$359K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,503.8−0.144%$165K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,502.8−0.213%$459K$500K6.7xas long as short
SunX ZEC-USDTlong+0.0100%8h1,506long leg$3K$1.2M20x
SoDEX ZEC-USD+0.0100%1h1,503.9−0.144%$254K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,502.8−0.216%$2.7M$20.5M75xas long as short
Phemex ZECUSDT+0.0100%8h1,504.2−0.122%$4.0M$4.9M50xas long as short
Extended ZEC-USD+0.0104%1h1,504.1−0.126%$2.8M$7.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,503.6−0.159%$43K$151K20xas long as short
01 Exchange ZECUSD+0.0112%1h1,504−0.136%$8K$6K5xas long as short
RISEx ZEC/USDC+0.0128%1h1,505.2−0.055%$947K$1.1M10xas long as short
Lighter RH ZECshort+0.0136%1h1,506.1+0.007%$2.1M$7.4M10x
GMX ZEC/USD [WBTC.b-USDC]L +0.0161% / S −0.0199%1h1,504.2−0.119%$437K100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0161%1h1,504.6−0.097%$687K$1.4M25xas long as short
Lighter ZEC+0.0232%1h1,506.1+0.005%$19.8M$45.2M20xas long as short
Arcus ZEC-USD+0.0403%1h1,505.6−0.027%$607K$8.8M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0416%1h1,504.9−0.076%$3.7M$10.2M50xas long as short
Backpack ZEC_USDC_PERP+0.0541%1h1,504.9−0.076%$2.4M$3.9M15xas long as short