Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.028%

Price spread now: Lighter against Aster+0.113%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.476%+$48 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.113%, 7d avg +0.089%

Together, before fees+0.443%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.024% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZECUSDT	1,476.6	0.0100	pay 0.0100% / 8h	1h 31m	$13.8M	$31.0M	75x
Short	Lighter ZEC	1,478.2	0.0312	get 0.0039% / 1h	31m 38s	$19.4M	$45.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.113%Rate

Funding earned: $44.52
Price spread: +0.113% → +0.089%: $2.39
Slippage, 4 orders: −$4.96
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $33.95
Costs to cover: 0.130%
Break-even: 1.7 days

Slippage from Aster: live order book, 2 min ago; Lighter: live order book, 7 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 Aster live order book, 2 min ago	0.54 bp	4.6 bp −$5	7.0 bp −$70	14.8 bp −$1,481	79.4 bp −$39.7K
Sell Lighter live order book, 7 min ago	1.13 bp	1.1 bp −$1	2.6 bp −$26	17.6 bp −$1,761	75.5 bp −$37.7K

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	1,477.8	+0.085%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0166%	1h	1,477.1	+0.035%	$892K	$9K	10x	as long as short
BloFin ZEC-USDT	−0.0130%	8h	1,476.4	−0.015%	$30.6M	$73.7M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,476.7	+0.005%	$17.9M	$47.1M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,478.5	+0.129%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,476.3	−0.021%	$410K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,477.9	+0.092%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,474.5	−0.138%	$62K	$303K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,476.7	+0.011%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0077%	8h	1,476.4	−0.014%	$297K	$1.1M	20x	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	1,477.1	+0.033%	$163K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,477.1	+0.036%	$13K	$866K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,476.9	+0.019%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDTlong	+0.0100%	8h	1,476.6	long leg	$13.8M	$31.0M	75x
Pacifica ZEC	+0.0100%	1h	1,477.3	+0.046%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,477.4	+0.053%	$687.7M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,477.3	+0.048%	$265.5M	$631.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,477.5	+0.060%	$178.7M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,472.5	−0.276%	$403K	$507K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477.3	+0.050%	$54.2M	$182.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477.3	+0.047%	$237.6M	$783.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.7	+0.010%	$101.2M	$57.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,477.4	+0.058%	$158.9M	$288.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,477.4	+0.055%	—	$115.2M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,477.3	+0.050%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,474.2	−0.164%	$48.1M	$34.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.3	−0.021%	$564K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,476.1	−0.034%	$3.0M	$488K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.1	−0.036%	$406K	$935K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,477.2	+0.044%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,476	−0.039%	$356K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,476.5	−0.007%	$162K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473.4	−0.215%	$450K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,480	+0.234%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,476.7	+0.005%	$251K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,477	+0.029%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,476.9	+0.023%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,477	+0.029%	$61K	$43K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0102%	1h	1,477.3	+0.052%	$675K	$1.4M	25x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,477.5	+0.062%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,476.5	−0.006%	$42K	$152K	20x	as long as short
Aftermath Perps ZECUSD	+0.0111%	1h	1,477.5	+0.060%	$47K	$64K	10x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,477.7	+0.075%	$925K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,476.1	−0.030%	$4.7M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0142% / S −0.0146%	1h	1,476.4	−0.014%	$478K	—	100x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,478.1	+0.103%	$8K	$7K	5x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,479.4	+0.193%	$635K	$8.6M	10x	as long as short
Hyperliquid ZEC	+0.0241%	1h	1,478	+0.096%	$767.1M	$442.1M	10x	as long as short
Lighter RH ZEC	+0.0256%	1h	1,478	+0.099%	$2.1M	$7.4M	10x	as long as short
Lighter ZECshort	+0.0312%	1h	1,478.2	+0.113%	$19.4M	$45.8M	20x
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,479.1	+0.170%	$3.6M	$9.9M	50x	as long as short