Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.023%

Price spread now: Lighter against HTX+0.150%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs+$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.570%+$57 on $10k

Price spread, last 3 days (all we have)−0.344%−$34 · spread now +0.150%, 7d avg +0.092%

Together, before fees+0.226%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.058% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZEC-USDT	1,474	0.0100	pay 0.0100% / 8h	6h 46m	$2.5M	$19.2M	75x
Short	Lighter ZEC	1,476.2	0.0328	get 0.0041% / 1h	46m 15s	$19.3M	$48.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.150%Rate

Funding earned: $47.88
Price spread: +0.150% → +0.092%: $5.82
Slippage, 4 orders: −$8.85
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $32.85
Costs to cover: 0.208%
Break-even: 2.2 days

Slippage from HTX: live order book, 3 min ago; Lighter: live order book, 8 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 HTX live order book, 3 min ago	2.37 bp	9.1 bp −$9	17.1 bp −$171	36.1 bp −$3,612	doesn't fit
Sell Lighter live order book, 8 min ago	1.14 bp	1.2 bp −$1	2.0 bp −$20	23.0 bp −$2,296	91.5 bp −$45.7K

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	−0.3678%	1h	1,477.5	+0.243%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,474.6	+0.043%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0078%	1h	1,477.6	+0.248%	$400K	$519K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,474.7	+0.054%	$18.0M	$43.4M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,475.2	+0.088%	$415K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,474.7	+0.052%	$960K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,474.4	+0.033%	$84K	$405K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.6	+0.042%	$5.2M	—	150x	as long as short
BloFin ZEC-USDT	+0.0012%	8h	1,475.2	+0.085%	$29.6M	$73.3M	75x	as long as short
Variational Omni ZEC	+0.0016%	8h	1,474	+0.004%	$48.1M	$33.4M	—	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0026%	8h	1,474.2	+0.020%	$294K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,474.5	+0.037%	$8K	$9K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,474.4	+0.033%	$383K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,479.5	+0.375%	$4.7M	$1.5M	10x	as long as short
Gate ZEC_USDT	+0.0079%	8h	1,474.4	+0.031%	$50.2M	$174.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0079%	8h	1,474.5	+0.036%	$181.4M	$1.29B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,474.9	+0.064%	$172K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,474.8	+0.055%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,474.8	+0.058%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,476	+0.142%	$2.7M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,475.3	+0.092%	$768.0M	$449.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474.3	+0.024%	$14.9M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.3	+0.089%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.4	+0.033%	$683.3M	$2.34B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,474.3	+0.022%	$272.0M	$626.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.6	+0.045%	$218.9M	$792.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.6	+0.043%	$103.8M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,474.4	+0.032%	$163.5M	$286.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,474.9	+0.066%	—	$100.2M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.7	+0.189%	$575K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,476	+0.136%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,475.5	+0.108%	$429K	$905K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474.2	+0.019%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474.3	+0.024%	$342K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,474.4	+0.033%	$128K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473	−0.063%	$459K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.7	+0.185%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.4	+0.033%	$243K	$3.8M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,474	long leg	$2.5M	$19.2M	75x
Phemex ZECUSDT	+0.0100%	8h	1,475.1	+0.077%	$3.8M	$5.2M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.6	+0.047%	$897K	$17K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.3	+0.023%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474.2	+0.015%	$51K	$164K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0156%	1h	1,475.1	+0.081%	$607K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,477.1	+0.215%	$2.1M	$7.0M	10x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,476	+0.140%	$682K	$8.7M	10x	as long as short
Lighter ZECshort	+0.0328%	1h	1,476.2	+0.150%	$19.3M	$48.0M	20x
RISEx ZEC/USDC	+0.0374%	1h	1,475.1	+0.079%	$856K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,476.3	+0.156%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0556%	1h	1,475.9	+0.130%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0736%	1h	1,475.6	+0.109%	$44K	$46K	10x	as long as short