Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.060%

Price spread now: Lighter RH against Variational Omni+1.077%7-day average +0.108% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.084%+$8 on $10k

Price spread, last 7 days−1.059%−$106 · spread now +1.077%, 7d avg +0.108%

Together, before fees−0.975%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board−$98 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 0.970% dearer against Variational Omni than usual: you sell high and buy low: +$97 more if the spread goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZEC	1,473.7	0.0100	pay 0.0100% / 8h	2h 21m	$48.3M	$32.4M	—
Short	Lighter RH ZEC	1,489.6	0.0120	get 0.0015% / 1h	21m 51s	$2.1M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Variational Omni. 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 Variational OmnibpFee Lighter RHbpOrdersPrice spread, now +1.077%Rate

Funding earned: $4.2
Price spread: +1.077% → +0.108%: $96.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $101.17
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Lighter RH: live order book, 2 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 2 min ago	2.78 bp	doesn't fit	4.1 bp −$41	17.7 bp −$1,774	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.01 bp	2.9 bp −$3	6.5 bp −$65	doesn't fit	doesn't fit

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	−0.3243%	1h	1,461.8	−0.808%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0098%	8h	1,482.6	+0.608%	$30.1M	$71.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,481.1	+0.505%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,482.4	+0.592%	$412K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,482.5	+0.596%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,483.5	+0.663%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,484.4	+0.727%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,487.2	+0.916%	$298K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,484.4	+0.725%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0092%	1h	1,475.1	+0.096%	$4.7M	$1.3M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0093%	8h	1,492.5	+1.276%	$267.7M	$601.6M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,484.4	+0.728%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,484.1	+0.704%	$11K	$823K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,483.2	+0.645%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,484.5	+0.733%	$2.8M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,492.9	+1.304%	$778.1M	$423.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,492.2	+1.256%	$14.7M	$28.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,482.7	+0.612%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,492.9	+1.301%	$692.9M	$2.19B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,492.6	+1.282%	$180.7M	$1.24B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,474.6	+0.062%	$400K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	+0.380%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,492.5	+1.276%	$54.0M	$173.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,493.3	+1.332%	$233.3M	$767.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,492.2	+1.253%	$106.3M	$53.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,493	+1.311%	$168.3M	$270.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,492.5	+1.277%	—	$112.4M	—	as long as short
Variational Omni ZEClong	+0.0100%	8h	1,473.7	long leg	$48.3M	$32.4M	—
edgeX ZECUSDC	+0.0100%	4h	1,475	+0.088%	$556K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,477.9	+0.288%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.9	−0.051%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,479.8	+0.416%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,484.4	+0.727%	$366K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,484.3	+0.721%	$163K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,485.9	+0.831%	$454K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,489.1	+1.046%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,486.7	+0.885%	$246K	$3.3M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,488.6	+1.009%	$2.5M	$19.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,488.4	+0.997%	$3.9M	$4.8M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0100% / S −0.0054%	1h	1,484.5	+0.734%	$442K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,492.9	+1.305%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,486.8	+0.893%	$45K	$153K	20x	as long as short
Lighter RH ZECshort	+0.0120%	1h	1,489.6	+1.077%	$2.1M	$7.2M	10x
Kraken Futures PF_ZECUSD	+0.0145%	1h	1,487.1	+0.913%	$18.2M	$45.7M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,484	+0.698%	$937K	$1.1M	10x	as long as short
Lighter ZEC	+0.0192%	1h	1,488.4	+0.996%	$19.7M	$44.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0389%	1h	1,492.2	+1.255%	$2.4M	$3.7M	15x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0453%	1h	1,488.6	+1.010%	$633K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,489.9	+1.097%	$3.8M	$9.4M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,484	+0.702%	$656K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0705%	1h	1,477.4	+0.249%	$45K	$49K	10x	as long as short