ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0314%/8h= +34.4% APRnext payment +$0.39 per $10,000 · paid last 24h −0.008%

Price spread now: Backpack against Lighter RH−0.062%7-day average +0.366% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on Lighter RH Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.374%−$37 on $10k

Price spread, last 7 days−0.492%−$49 · spread now −0.062%, 7d avg +0.366%

Together, before fees−0.866%+ Points / potential airdropLighter RH: Points live · farm board−$87 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.428% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.366%). If the spread goes back, that is −$43 on $10k: about 4.5 days of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.374%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ZEC	1,509	0.0096	pay 0.0012% / 1h	35m 31s	$2.1M	$7.5M	10x
Short	Backpack ZEC_USDC_PERP	1,508.1	0.0410	get 0.0051% / 1h	35m 31s	$2.4M	$3.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter RH. 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 Lighter RHbpFee BackpackbpOrdersPrice spread, now −0.062%Rate

Funding earned: $65.97
Price spread: −0.062% → +0.366%: −$42.8
Slippage, 4 orders: −$5.3
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: $7.88
Costs to cover: 0.153%
Break-even: 6.2 days

Slippage from Lighter RH: live order book, 3 min ago; Backpack: 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 Lighter RH live order book, 3 min ago	1.46 bp	2.1 bp −$2	4.8 bp −$48	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	0.03 bp	5.7 bp −$6	12.4 bp −$124	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	−0.3702%	1h	1,491.4	−1.167%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,505.4	−0.238%	$62K	$305K	10x	as long as short
Aftermath Perps ZECUSD	−0.0184%	1h	1,508.9	−0.007%	$48K	$58K	10x	as long as short
BloFin ZEC-USDT	−0.0149%	8h	1,507.2	−0.121%	$31.7M	$76.7M	75x	as long as short
Bulk ZEC-USD	−0.0098%	1h	1,506.5	−0.165%	$775K	$147K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,506.7	−0.155%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,507.8	−0.083%	$419K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,508.1	−0.065%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,506.4	−0.177%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,508.3	−0.051%	$18.3M	$47.6M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0032%	1h	1,506.6	−0.161%	$8K	$6K	5x	as long as short
Phoenix ZEC	+0.0082%	1h	1,509.3	+0.015%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0085%	8h	1,507.7	−0.087%	$304K	$861K	20x	as long as short
Gate ZEC_USDT	+0.0085%	8h	1,507.2	−0.125%	$60.6M	$185.1M	75x	as long as short
ApeX Omni ZECUSDT	+0.0095%	1h	1,507.1	−0.128%	$414K	$952K	50x	as long as short
Lighter ZEC	+0.0096%	1h	1,508.9	−0.007%	$19.5M	$44.8M	20x	as long as short
Lighter RH ZEClong	+0.0096%	1h	1,509	long leg	$2.1M	$7.5M	10x
Popdex ZECUSDT	+0.0096%	1h	1,506.7	−0.152%	$172K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,507.9	−0.075%	$62K	$17K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,506.3	−0.179%	$16K	$898K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,507.7	−0.086%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,507.4	−0.110%	$789.2M	$445.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,506.1	−0.192%	$14.1M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,508.2	−0.057%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,506.9	−0.142%	$712.2M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,506.3	−0.182%	$270.2M	$624.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,506.3	−0.180%	$185.5M	$1.37B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,505.7	−0.221%	$411K	$544K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,507.4	−0.109%	$610K	$9.0M	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,506.8	−0.146%	$407.6M	$833.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,506.6	−0.160%	$103.0M	$57.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,506.6	−0.162%	$163.0M	$295.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,507	−0.133%	—	$120.1M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,506.9	−0.138%	$49.9M	$35.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,508.2	−0.055%	$556K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,506.5	−0.165%	$3.1M	$533K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,506.6	−0.164%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,507	−0.135%	$374K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,506.6	−0.163%	$169K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,506.3	−0.184%	$450K	$419K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,508.1	−0.060%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,507.7	−0.087%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,507.1	−0.128%	$2.7M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,507.9	−0.074%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,506.3	−0.180%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,507.5	−0.099%	$45K	$153K	20x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,506.5	−0.167%	$967K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0158% / S −0.0162%	1h	1,507.3	−0.112%	$334K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0300%	1h	1,508.8	−0.014%	$691K	$1.4M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,507.8	−0.085%	$3.8M	$10.0M	50x	as long as short
Backpack ZEC_USDC_PERPshort	+0.0410%	1h	1,508.1	−0.062%	$2.4M	$3.8M	15x