Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0558%/8h= +61.1% APRpaid last 24h +0.096%

Price spread now: Lighter RH against BloFin+0.227%91s7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs+$25as 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−$240.241% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.487%+$49 on $10k

Price spread, last 4 days (all we have)−0.623%−$62 · spread now +0.227%, 7d avg +0.077%

Together, before fees−0.136%+ Points / potential airdropLighter RH: Points live · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Lighter RH is 0.150% dearer against BloFin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.077%. The two prices were read 91 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	BloFin ZEC-USDT	1,451.3	−0.0070	get 0.0070% / 8h	4h 39m	$29.2M	$70.6M	75x
Short	Lighter RH ZEC	1,454.6	0.0488	get 0.0061% / 1h	39m 28s	$2.0M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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 BloFinbpFee Lighter RHbpOrdersPrice spread, now +0.227%Rate

Funding earned: $117.19
Price spread: +0.227% → +0.077%: $15.03
Slippage, 4 orders: −$12.11
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $108.1
Costs to cover: 0.241%
Break-even: 0.5 days

Slippage from BloFin: live order book, 5 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 BloFin live order book, 5 min ago	4.34 bp	10.5 bp −$11	12.4 bp −$124	17.8 bp −$1,782	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.38 bp	1.6 bp −$2	3.8 bp −$38	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	1,450	−0.091%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452.7	+0.094%	$6K	$1K	10x	as long as short
BloFin ZEC-USDTlong	−0.0070%	8h	1,451.3	long leg	$29.2M	$70.6M	75x
dYdX ZEC-USD	0.0000%	1h	1,452.5	+0.081%	$409K	$39K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,454	+0.185%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,451.7	+0.027%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452.5	+0.079%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0060%	8h	1,452	+0.046%	$291K	$957K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0066% / S −0.0016%	1h	1,452.4	+0.074%	$408K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,452.4	+0.076%	$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	1,452.2	+0.064%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,451.7	+0.030%	$11K	$872K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,452.8	+0.101%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,452.4	+0.074%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,453.2	+0.130%	$755.8M	$431.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,452.7	+0.093%	$14.4M	$27.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453	+0.119%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,452.7	+0.095%	$666.6M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,451.9	+0.042%	$261.2M	$602.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,452.1	+0.052%	$177.3M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,452.1	+0.054%	$394K	$445K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,450.7	−0.042%	$875K	$29K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,452.5	+0.083%	$50.0M	$173.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,452.2	+0.059%	$215.6M	$770.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,452.3	+0.070%	$102.1M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,452.3	+0.071%	$164.9M	$273.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,451.8	+0.032%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,453.1	+0.124%	$2.4M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,449.4	−0.130%	$47.5M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.6	−0.049%	$565K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.9	+0.110%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,450.8	−0.033%	$403K	$925K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.2	−0.075%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,451.7	+0.027%	$365K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452.1	+0.058%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451.5	+0.011%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,455.4	+0.283%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.8	+0.099%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451.6	+0.023%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,452.1	+0.055%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,452	+0.049%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452.3	+0.069%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,450.5	−0.059%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0278%	1h	1,452.7	+0.094%	$18.0M	$44.9M	25x	as long as short
Lighter ZEC	+0.0344%	1h	1,454.2	+0.202%	$19.1M	$45.9M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0397%	1h	1,453.4	+0.142%	$610K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,452.4	+0.078%	$919K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,454.5	+0.221%	$3.8M	$9.0M	50x	as long as short
Lighter RH ZECshort	+0.0488%	1h	1,454.6	+0.227%	$2.0M	$6.9M	10x
Arcus ZEC-USD	+0.0626%	1h	1,450.1	−0.083%	$738K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0675%	1h	1,451.2	−0.004%	$44K	$49K	10x	as long as short