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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0313%/8h= +34.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.038%
Price spread now: Lighter against gTrade (Gains Network)+0.263%101s7-day average +0.073% · 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—prices read too far apart to compare
costs, in and out, $10k−$2722.724% of the position
Long on gTrade (Gains Network)Short on Lighter
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.268%+$27 on $10k
Price spread, last 7 days−0.216%−$22 · spread now +0.263%, 7d avg +0.073%
Together, before fees+0.052%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.190% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.073%. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ZEC/USD1,475.6L +0.0007% / S −0.0006%pay 0.0001% / 1h26m 45s$5.2M—150x
ShortLighter ZEC1,479.50.0320get 0.0040% / 1h26m 45s$19.4M$45.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$65.76
Price spread: +0.263% → +0.073%
$18.97
Slippage, 4 orders
−$262.38
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$187.65
Costs to cover
2.724%
Break-even
27.0 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; Lighter: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 2 min ago130.05 bp135.1 bp −$135426.0 bp −$4,2604809.1 bp −$480.9Kdoesn't fit
Sell Lighter live order book, 12 min ago1.13 bp1.1 bp −$12.6 bp −$2617.6 bp −$1,76175.5 bp −$37.7K

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3684%1h1,462−0.918%$36K$275K12xas long as short
Bulk ZEC-USD−0.0166%1h1,477.1+0.103%$892K$9K10xas long as short
BloFin ZEC-USDT−0.0126%8h1,476.8+0.081%$30.4M$73.8M75xas long as short
Kraken Futures PF_ZECUSD−0.0097%1h1,477+0.093%$17.9M$46.8M25xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,476.8+0.081%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,476.5+0.059%$410K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,477.5+0.127%$1.5M$4.6M2.2xas long as short
Perpl ZEC0.0000%43m1,476+0.028%$63K$303K10xas long as short
gTrade (Gains Network) ZEC/USDlongL +0.0007% / S −0.0006%1h1,475.6long leg$5.2M—150x
Orderly PERP_ZEC_USDC+0.0077%8h1,476.6+0.066%$297K$1.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps ZECUSD+0.0088%1h1,477.1+0.104%$47K$64K10xas long as short
Popdex ZECUSDT+0.0096%1h1,477.2+0.110%$165K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0098%8h1,476.7+0.073%$10K$871K10xas long as short
Nado ZEC-PERP+0.0100%1h1,477.3+0.118%$2.7M$7.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,476.4+0.057%$13.8M$30.9M75xas long as short
Pacifica ZEC+0.0100%1h1,476.8+0.086%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,476.7+0.078%$687.8M$2.30B75xas long as short
Bybit ZECUSDT+0.0100%8h1,476.3+0.047%$263.7M$632.5M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,476.7+0.076%$178.9M$1.31B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,475.2−0.026%$403K$508K5xas long as short
Gate ZEC_USDT+0.0100%8h1,476.9+0.090%$54.3M$183.0M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,476.8+0.085%$240.9M$784.9M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,477+0.097%$101.0M$57.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,477+0.096%$158.9M$288.6M75xas long as short
BingX ZEC-USDC+0.0100%8h1,477+0.098%—$6.7M—as long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,477.4+0.123%$2.3M$3.9M15xas long as short
Variational Omni ZEC+0.0100%8h1,477.6+0.138%$48.1M$34.4M—as long as short
edgeX ZECUSDC+0.0100%4h1,477.5+0.132%$565K$8.9M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,478.3+0.188%$3.0M$498K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,476.6+0.070%$406K$936K50xas long as short
StandX ZEC-USD+0.0100%1h1,475.9+0.021%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,476.6+0.069%$355K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,477.1+0.103%$162K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,473.4−0.148%$450K$500K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,478.8+0.217%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,476.7+0.077%$251K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,476.7+0.078%$2.6M$19.7M75xas long as short
Phemex ZECUSDT+0.0100%8h1,477.3+0.117%$3.9M$5.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,476.7+0.077%$61K$43K10xas long as short
Extended ZEC-USD+0.0104%1h1,477.2+0.107%$2.7M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,476.7+0.073%$42K$152K20xas long as short
RISEx ZEC/USDC+0.0129%1h1,477.2+0.110%$924K$1.1M10xas long as short
Phoenix ZEC+0.0134%1h1,478.9+0.223%$4.7M$1.4M10xas long as short
01 Exchange ZECUSD+0.0136%1h1,477.3+0.116%$8K$7K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0145% / S −0.0154%1h1,476.9+0.090%$478K—100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0214%1h1,477.6+0.137%$675K$1.4M25xas long as short
Arcus ZEC-USD+0.0221%1h1,478.7+0.209%$637K$8.6M10xas long as short
Lighter RH ZEC+0.0248%1h1,478.5+0.194%$2.1M$7.4M10xas long as short
Hyperliquid ZEC+0.0251%1h1,478.1+0.171%$766.9M$442.4M10xas long as short
Lighter ZECshort+0.0320%1h1,479.5+0.263%$19.4M$45.8M20x
Coinbase International ZEC-PERP-INTX+0.0480%1h1,477.9+0.160%$3.6M$9.9M50xas long as short