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Funding arb · Price arb /

ZEC

all ZEC markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h +0.034%
Price spread now: Lighter RH against GMX+0.254%7-day average +0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.125%+$12 on $10k
Price spread, last 4 days (all we have)−0.286%−$29 · spread now +0.254%, 7d avg +0.050%
Together, before fees−0.162%+ Points / potential airdropLighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.203% dearer against GMX than usual: you sell high and buy low (spread +0.254% now, against its 7-day average of +0.050%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days. Mind the row above: over the last 3 days funding on this pair paid +0.125%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ZEC/USD [WBTC.b-USDC]1,493.3L +0.0146% / S −0.0154%pay 0.0018% / 1h35m 19s$360K—100x
ShortLighter RH ZEC1,497.10.0120get 0.0015% / 1h35m 19s$2.1M$7.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against GMX. 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

Funding earned
−$5.52
Price spread: +0.254% → +0.050%
$20.35
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$2.83
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: GMX: no order-book sample; Lighter RH: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell Lighter RH live order book, 3 min ago1.70 bp1.7 bp −$23.9 bp −$39383.4 bp −$38.3Kdoesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.3442%1h1,493.4+0.006%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,492−0.087%$61K$304K10xas long as short
BloFin ZEC-USDT−0.0152%8h1,493.8+0.035%$30.9M$75.5M75xas long as short
Aftermath Perps ZECUSD−0.0082%1h1,499.2+0.394%$48K$59K10xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,495.4+0.141%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,496+0.181%$416K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,497.4+0.277%$1.5M$4.4M2.2xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,493.7+0.030%$682K$1.4M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,493.7+0.029%$5.3M—150xas long as short
Kraken Futures PF_ZECUSD+0.0012%1h1,493.9+0.043%$17.9M$47.2M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk ZEC-USD+0.0021%1h1,505.9+0.843%$910K$2K10xas long as short
Ondo Perps ZEC-USD.P+0.0023%1h1,494+0.047%$408K$560K5xas long as short
Orderly PERP_ZEC_USDC+0.0083%8h1,493.2−0.009%$301K$1.1M20xas long as short
Phoenix ZEC+0.0096%1h1,498.3+0.334%$4.8M$1.4M10xas long as short
Popdex ZECUSDT+0.0096%1h1,494.5+0.080%$175K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0098%8h1,495.1+0.118%$16K$878K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,495.3+0.133%$62K$28K10xas long as short
Nado ZEC-PERP+0.0100%1h1,493.4+0.005%$3.1M$7.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,495.6+0.154%$781.3M$444.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,493.1−0.014%$14.0M$31.1M75xas long as short
Pacifica ZEC+0.0100%1h1,495.9+0.173%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,493.5+0.014%$699.0M$2.31B75xas long as short
Bybit ZECUSDT+0.0100%8h1,493.3+0.001%$268.4M$623.1M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,493.4+0.008%$184.1M$1.34B50xas long as short
Gate ZEC_USDT+0.0100%8h1,493.4+0.006%$55.9M$184.0M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,493.4+0.008%$236.5M$796.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,493.5+0.015%$102.8M$57.2M75xas long as short
Bitget ZECUSDT+0.0100%8h1,493.6+0.021%$161.3M$290.2M75xas long as short
BingX ZEC-USDC+0.0100%8h1,492.2−0.072%—$6.7M—as long as short
Variational Omni ZEC+0.0100%8h1,495.9+0.171%$48.8M$34.7M—as long as short
edgeX ZECUSDC+0.0100%4h1,496.6+0.220%$573K$9.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,503.3+0.670%$3.1M$507K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,495.2+0.128%$412K$947K50xas long as short
StandX ZEC-USD+0.0100%1h1,496+0.177%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,494.2+0.060%$357K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,493.8+0.034%$164K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,495.4+0.139%$457K$489K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,496.7+0.229%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,493.5+0.010%$253K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,493.3−0.002%$2.7M$20.7M75xas long as short
Phemex ZECUSDT+0.0100%8h1,493.7+0.025%$4.0M$4.9M50xas long as short
Extended ZEC-USD+0.0104%1h1,493.5+0.013%$2.8M$7.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,493.3−0.002%$43K$151K20xas long as short
01 Exchange ZECUSD+0.0112%1h1,495+0.115%$8K$6K5xas long as short
Lighter RH ZECshort+0.0120%1h1,497.1+0.254%$2.1M$7.4M10x
RISEx ZEC/USDC+0.0128%1h1,495.1+0.118%$941K$1.1M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]longL +0.0146% / S −0.0154%1h1,493.3long leg$360K—100x
Lighter ZEC+0.0200%1h1,497.2+0.259%$19.8M$45.5M20xas long as short
Arcus ZEC-USD+0.0403%1h1,496+0.177%$612K$8.8M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0416%1h1,495+0.114%$3.7M$10.1M50xas long as short
Backpack ZEC_USDC_PERP+0.0552%1h1,496.8+0.235%$2.3M$3.9M15xas long as short