ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0256%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.036%

Price spread now: Lighter RH against Aevo+0.134%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on Aevo Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)−0.715%−$72 · spread now +0.134%, 7d avg +0.075%

Together, before fees−0.551%+ Points / potential airdropLighter RH: Points live · farm board−$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter RH is 0.058% dearer against Aevo than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.075%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.164% in total (about 8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZEC-PERP	1,460.4	0.0104	pay 0.0013% / 1h	14m 33s	$47K	$151K	20x
Short	Lighter RH ZEC	1,462.3	0.0360	get 0.0045% / 1h	14m 33s	$2.1M	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Aevo. 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 AevobpFee Lighter RHbpOrdersPrice spread, now +0.134%Rate

Funding earned: $53.76
Price spread: +0.134% → +0.075%: $5.84
Slippage, 4 orders: −$35.7
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $7.9
Costs to cover: 0.517%
Break-even: 6.0 days

Slippage from Aevo: live order book, 44 min ago; Lighter RH: 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 Aevo live order book, 44 min ago	11.97 bp	21.3 bp −$21	26.2 bp −$262	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.58 bp	1.6 bp −$2	4.9 bp −$49	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	−0.3166%	1h	1,445.2	−1.037%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,460.7	+0.019%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,460.4	+0.002%	$29.5M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,459.7	−0.044%	$411K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,460.9	+0.033%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,461.5	+0.079%	$84K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,460.5	+0.010%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,460.5	+0.008%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0069% / S −0.0020%	1h	1,460.4	+0.002%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,462.1	+0.119%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,462.2	+0.122%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,462	+0.114%	$11K	$857K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,461.3	+0.064%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.6	+0.152%	$2.8M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,463.3	+0.200%	$760.9M	$432.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,461.3	+0.064%	$14.8M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,461.4	+0.067%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,462.3	+0.134%	$672.2M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,461.4	+0.071%	$262.4M	$602.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,461.7	+0.091%	$178.5M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,458.4	−0.136%	$396K	$442K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,461.4	+0.069%	$50.7M	$175.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,461.2	+0.058%	$216.5M	$774.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,461.3	+0.063%	$103.1M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,462.2	+0.125%	$166.3M	$271.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,460.9	+0.036%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,459.3	−0.075%	$47.9M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,459.6	−0.051%	$568K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,460.7	+0.019%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,460.8	+0.027%	$405K	$940K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,460.6	+0.015%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,462	+0.111%	$355K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,460.4	+0.001%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.6	−0.052%	$446K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,462.9	+0.171%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,460.5	+0.005%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459.8	−0.037%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460.2	−0.012%	$3.8M	$5.1M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,460.6	+0.017%	$882K	$18K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,461.6	+0.080%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERPlong	+0.0104%	1h	1,460.4	long leg	$47K	$151K	20x
Deribit ZEC_USDC-PERPETUAL	+0.0120%	1h	1,461.2	+0.056%	$617K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0123%	1h	1,460.1	−0.020%	$4.6M	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0134%	1h	1,461.1	+0.051%	$2.4M	$3.8M	15x	as long as short
Lighter ZEC	+0.0248%	1h	1,462.4	+0.141%	$19.2M	$46.0M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,460.4	+0.004%	$18.1M	$45.0M	25x	as long as short
Lighter RH ZECshort	+0.0360%	1h	1,462.3	+0.134%	$2.1M	$7.0M	10x
RISEx ZEC/USDC	+0.0412%	1h	1,461.9	+0.101%	$925K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,462.5	+0.147%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,462.4	+0.137%	$682K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0681%	1h	1,461.1	+0.050%	$45K	$49K	10x	as long as short