ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0378%/8h= +41.4% APRnext payment +$0.47 per $10,000 · paid last 24h +0.074%

Price spread now: Lighter against ApeX Omni−0.082%48s7-day average +0.202% · you buy dearer than you sell

Net, funding: paid 7d − costs+$114as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.243% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+1.384%+$138 on $10k

Price spread, last 7 days+0.134%+$13 · spread now −0.082%, 7d avg +0.202%

Together, before fees+1.517%+ Points / potential airdropLighter: Season 3 · farm board+$152 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.284% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.202%). If the spread goes back, that is −$28 on $10k: about 2.5 days of funding at the current rate (+$11 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZECUSDT	1,498.8	−0.0282	get 0.0035% / 1h	48m 20s	$410K	$949K	50x
Short	Lighter ZEC	1,497.6	0.0096	get 0.0012% / 1h	48m 20s	$19.9M	$39.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX 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 ApeX OmnibpFee LighterbpOrdersPrice spread, now −0.082%Rate

Funding earned: $79.36
Price spread: −0.082% → +0.202%: −$28.35
Slippage, 4 orders: −$14.33
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $26.68
Costs to cover: 0.243%
Break-even: 4.6 days

Slippage from ApeX Omni: live order book, 63 min ago; Lighter: live order book, 4 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 ApeX Omni live order book, 63 min ago	5.79 bp	10.8 bp −$11	29.3 bp −$293	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.60 bp	0.6 bp −$1	2.3 bp −$23	9.2 bp −$917	60.3 bp −$30.1K

ZEC on 50 exchanges

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	−0.4130%	1h	1,490.6	−0.549%	$36K	$267K	12x	as long as short
ApeX Omni ZECUSDTlong	−0.0282%	1h	1,498.8	long leg	$410K	$949K	50x
Ondo Perps ZEC-USD.P	−0.0219%	1h	1,496.7	−0.140%	$408K	$497K	5x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,498.2	−0.041%	$32.0M	$72.6M	75x	as long as short
Aftermath Perps ZECUSD	−0.0093%	1h	1,500.6	+0.120%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.6	+0.320%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,497.1	−0.116%	$412K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,498.9	+0.008%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,495.8	−0.201%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.6	+0.317%	$5.4M	—	150x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0024%	1h	1,496.1	−0.179%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,495.9	−0.193%	$919K	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0049%	1h	1,497.1	−0.110%	$682K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0060%	1h	1,503.9	+0.340%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0069%	8h	1,496	−0.184%	$302K	$826K	20x	as long as short
Aster ZECUSDT	+0.0089%	8h	1,496	−0.186%	$14.0M	$27.4M	75x	as long as short
Lighter ZECshort	+0.0096%	1h	1,497.6	−0.082%	$19.9M	$39.1M	20x
Lighter RH ZEC	+0.0096%	1h	1,498	−0.057%	$2.0M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,496	−0.185%	$169K	$1.4M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,495.2	−0.239%	$25K	$878K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,497	−0.123%	$18.4M	$46.0M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,496.2	−0.172%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,496.6	−0.148%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,497.3	−0.100%	$786.8M	$430.8M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,497	−0.120%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,496.2	−0.171%	$703.3M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,496	−0.185%	$274.3M	$588.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,496.2	−0.175%	$185.0M	$1.30B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,497.2	−0.105%	$596K	$8.4M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,496	−0.186%	$62.6M	$172.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,496.4	−0.157%	$180.4M	$826.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,495.9	−0.193%	$104.8M	$52.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,496.3	−0.169%	$163.4M	$278.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,495.6	−0.214%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,497.5	−0.087%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,499.2	+0.026%	$49.3M	$34.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.3	+0.033%	$548K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503	+0.281%	$3.1M	$601K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,498.4	−0.025%	$111K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,496.3	−0.167%	$367K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,496.4	−0.162%	$166K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,498.6	−0.011%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,496.5	−0.156%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,497.8	−0.065%	$2.6M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,498.2	−0.043%	$4.0M	$4.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,505.5	+0.448%	$781K	$158K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,496.4	−0.158%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496	−0.187%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0186% / S −0.0197%	1h	1,502.3	+0.235%	$350K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,499.8	+0.063%	$3.9M	$9.4M	50x	as long as short