Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.035%

Price spread now: Lighter RH against edgeX+0.164%50s7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as 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−$140.145% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 7 days−0.141%−$14 · spread now +0.164%, 7d avg +0.132%

Together, before fees−0.105%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.031% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.132%. The two prices were read 50 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	edgeX ZECUSDC	1,465.8	0.0100	pay 0.0050% / 4h	2h 48m	$572K	$8.5M	20x
Short	Lighter RH ZEC	1,468.2	0.0096	get 0.0012% / 1h	48m 32s	$2.1M	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against edgeX. 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 edgeXbpFee Lighter RHbpOrdersPrice spread, now +0.164%Rate

Funding earned: −$0.84
Price spread: +0.164% → +0.132%: $3.12
Slippage, 4 orders: −$5.45
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$12.17
Costs to cover: 0.145%
Break-even: never at this rate

Slippage from edgeX: live order book, 6 min ago; Lighter RH: live order book, 5 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 edgeX live order book, 6 min ago	0.38 bp	5.0 bp −$5	9.5 bp −$95	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.60 bp	3.0 bp −$3	5.5 bp −$55	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	−0.3243%	1h	1,469.3	+0.239%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.6	+0.123%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,467.3	+0.104%	$29.8M	$70.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,466.4	+0.040%	$408K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.6	+0.257%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,465.8	−0.002%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,467.8	+0.133%	$618K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,465.9	+0.004%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,466.9	+0.075%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,467	+0.080%	$293K	$900K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,465.6	−0.016%	$4.7M	$1.3M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0093% / S −0.0046%	1h	1,465.8	+0.001%	$437K	—	100x	as long as short
Lighter RH ZECshort	+0.0096%	1h	1,468.2	+0.164%	$2.1M	$7.1M	10x
Popdex ZECUSDT	+0.0096%	1h	1,466.6	+0.055%	$174K	$1.6M	50x	as long as short
Bybit ZECUSDT	+0.0099%	8h	1,465.1	−0.047%	$262.5M	$586.7M	75x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,467.6	+0.119%	$12K	$797K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,466.7	+0.063%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.3	+0.105%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,467	+0.082%	$763.8M	$418.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,465.9	+0.006%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,466.8	+0.070%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,465.8	+0.001%	$676.2M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,465.5	−0.024%	$178.5M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,466.2	+0.027%	$398K	$430K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,464.4	−0.095%	$885K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,466.7	+0.058%	$52.7M	$169.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,465.8	+0.001%	$219.0M	$757.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,466.2	+0.028%	$103.2M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,466.2	+0.024%	$166.6M	$267.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,467.3	+0.102%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,469.8	+0.273%	$48.2M	$32.4M	—	as long as short
edgeX ZECUSDClong	+0.0100%	4h	1,465.8	long leg	$572K	$8.5M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.6	+0.188%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.8	+0.270%	$406K	$923K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,468.1	+0.155%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,466.4	+0.041%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,465.7	−0.004%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,466.2	+0.024%	$448K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,470	+0.285%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467	+0.083%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.4	+0.037%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.5	+0.114%	$3.9M	$4.7M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.8	+0.066%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467	+0.082%	$47K	$151K	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0147%	1h	1,467.1	+0.088%	$18.0M	$45.6M	25x	as long as short
Lighter ZEC	+0.0152%	1h	1,468.1	+0.156%	$19.4M	$43.8M	20x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,466.9	+0.077%	$927K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0301%	1h	1,467.6	+0.119%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,470.6	+0.330%	$3.8M	$9.2M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,468.3	+0.169%	$668K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0675%	1h	1,466.8	+0.068%	$45K	$49K	10x	as long as short