Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.023%

Price spread now: Lighter against Gate+0.124%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.482%+$48 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.124%, 7d avg +0.072%

Together, before fees+0.421%+ Points / potential airdropLighter: Season 3 · farm board+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.052% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZEC_USDT	1,493.3	0.0100	pay 0.0100% / 8h	1h 02m	$55.3M	$187.4M	75x
Short	Lighter ZEC	1,495.2	0.0256	get 0.0032% / 1h	2m 55s	$19.6M	$47.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.124%Rate

Funding earned: $32.76
Price spread: +0.124% → +0.072%: $5.15
Slippage, 4 orders: −$11.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $11.2
Costs to cover: 0.267%
Break-even: 4.6 days

Slippage from Gate: live order book, 1 min ago; Lighter: live order book, 6 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 Gate live order book, 1 min ago	0.03 bp	12.6 bp −$13	16.8 bp −$168	28.3 bp −$2,834	54.3 bp −$27.2K
Sell Lighter live order book, 6 min ago	0.91 bp	1.0 bp −$1	2.5 bp −$25	14.5 bp −$1,451	69.0 bp −$34.5K

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	1,481	−0.828%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,494.1	+0.050%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0143%	8h	1,493.6	+0.019%	$30.9M	$75.1M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,494.7	+0.092%	$18.1M	$46.6M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,495.3	+0.130%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0006%	1h	1,495.4	+0.136%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,495	+0.109%	$415K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,495.6	+0.150%	$1.5M	$4.7M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,494.4	+0.072%	$5.3M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0074%	1h	1,495.5	+0.146%	$683K	$1.4M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0080%	8h	1,494.4	+0.072%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,494.8	+0.097%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,495.2	+0.125%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,494.6	+0.083%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,495.4	+0.139%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,494.1	+0.051%	$780.2M	$447.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,493.1	−0.015%	$13.9M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,495	+0.110%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,493.8	+0.033%	$696.3M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,493.2	−0.013%	$267.6M	$630.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,493.6	+0.017%	$182.2M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,494.1	+0.051%	$408K	$554K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	+0.060%	$903K	$7K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,493.3	long leg	$55.3M	$187.4M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,493.4	+0.007%	$243.1M	$800.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,493.2	−0.012%	$102.8M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,493.7	+0.024%	$160.6M	$289.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,493.6	+0.015%	—	$117.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.2	+0.122%	$48.9M	$34.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494.8	+0.100%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,496.3	+0.200%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,495.6	+0.149%	$412K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,494.7	+0.089%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495	+0.111%	$358K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,495.3	+0.129%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.1	−0.018%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,497.4	+0.269%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,494.6	+0.085%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,496.2	+0.192%	$2.7M	$20.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,494.2	+0.056%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,493.5	+0.008%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,495	+0.113%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,495.3	+0.130%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,494.9	+0.104%	$939K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,496.6	+0.218%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0137% / S −0.0133%	1h	1,495.2	+0.122%	$393K	—	100x	as long as short
Lighter RH ZEC	+0.0184%	1h	1,495.2	+0.121%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,495.5	+0.141%	$612K	$8.8M	10x	as long as short
Lighter ZECshort	+0.0256%	1h	1,495.2	+0.124%	$19.6M	$47.1M	20x
Backpack ZEC_USDC_PERP	+0.0261%	1h	1,493.6	+0.018%	$2.3M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,495.4	+0.137%	$3.7M	$10.1M	50x	as long as short