ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.058%

Price spread now: Lighter RH against Coinbase International−0.001%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Coinbase International Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.167%+$17 on $10k

Price spread, last 3 days (all we have)−0.523%−$52 · spread now −0.001%, 7d avg −0.052%

Together, before fees−0.356%+ Points / potential airdropLighter RH: Points live · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.051% dearer against Coinbase International than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.052%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.167%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,475.1	0.0424	pay 0.0053% / 1h	6m 05s	$3.8M	$11.5M	50x
Short	Lighter RH ZEC	1,475.1	0.0408	get 0.0051% / 1h	6m 05s	$2.0M	$8.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Coinbase International. 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 Coinbase InternationalbpFee Lighter RHbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$3.36
Price spread: −0.001% → −0.052%: $5.09
Slippage, 4 orders: −$14.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$22.53
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Lighter RH: live order book, 3 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 Coinbase International live order book, 3 min ago	1.26 bp	8.6 bp −$9	11.6 bp −$116	37.5 bp −$3,748	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.63 bp	2.4 bp −$2	4.8 bp −$48	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	−0.3310%	1h	1,469.5	−0.377%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0402%	1h	1,472.8	−0.152%	$17.9M	$44.9M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0256%	1h	1,466.9	−0.555%	$398K	$515K	5x	as long as short
BloFin ZEC-USDT	−0.0118%	8h	1,469.8	−0.361%	$29.3M	$75.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471.3	−0.258%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0075%	8h	1,472.2	−0.197%	$272.5M	$665.9M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,466.7	−0.569%	$46.6M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471.1	−0.273%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.6	−0.166%	$889K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.5	−0.174%	$84K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,473	−0.140%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0009%	8h	1,472.6	−0.165%	$294K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0038% / S +0.0009%	1h	1,472.7	−0.160%	$360K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0041%	8h	1,472.7	−0.161%	$178.4M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0046%	8h	1,472.9	−0.146%	$50.3M	$187.5M	75x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,473.4	−0.112%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,468.2	−0.466%	$4.6M	$1.6M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0083%	1h	1,473.4	−0.116%	$599K	$1.3M	25x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.9	−0.146%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,473.3	−0.121%	$11K	$828K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.6	−0.169%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.1	−0.131%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.8	−0.087%	$764.7M	$478.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.6	−0.169%	$15.6M	$32.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.3	−0.187%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,473.1	−0.132%	$679.8M	$2.47B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,467.7	−0.498%	$906K	$27K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,473	−0.138%	$224.5M	$872.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.8	−0.155%	$104.0M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.9	−0.148%	$163.0M	$304.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,472.1	−0.199%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,467.4	−0.517%	$511K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.9	−0.418%	$3.0M	$482K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.3	−0.395%	$431K	$826K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470	−0.348%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.6	−0.168%	$347K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.6	−0.168%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.1	−0.269%	$449K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.7	−0.026%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.6	−0.167%	$226K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,472.7	−0.161%	$2.5M	$23.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.3	−0.121%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.9	−0.145%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,472.4	−0.180%	$37K	$366K	20x	as long as short
Lighter ZEC	+0.0120%	1h	1,474.6	−0.034%	$19.1M	$52.8M	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,473.3	−0.124%	$835K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0199%	1h	1,473.9	−0.083%	$2.4M	$3.7M	15x	as long as short
Lighter RH ZECshort	+0.0408%	1h	1,475.1	−0.001%	$2.0M	$8.3M	10x
Coinbase International ZEC-PERP-INTXlong	+0.0424%	1h	1,475.1	long leg	$3.8M	$11.5M	50x
Arcus ZEC-USD	+0.0444%	1h	1,473.5	−0.110%	$718K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0604%	1h	1,469.6	−0.369%	$41K	$34K	10x	as long as short