ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.101%

Price spread now: ApeX Omni against Lighter+0.123%7-day average −0.205% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs+$13as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−1.384%−$138 on $10k

Price spread, last 7 days−0.249%−$25 · spread now +0.123%, 7d avg −0.205%

Together, before fees−1.633%+ Points / potential airdropLighter: Season 3 · farm board−$163 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.328% dearer against Lighter than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of −0.205%): +$33 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 7 days (−1.384% in total) that is about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZEC	1,468	0.0152	pay 0.0019% / 1h	49m 00s	$19.4M	$43.8M	20x
Short	ApeX Omni ZECUSDT	1,469.8	0.0100	get 0.0013% / 1h	49m 00s	$406K	$923K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now +0.123%Rate

Funding earned: −$10.92
Price spread: +0.123% → −0.205%: $32.75
Slippage, 4 orders: −$9.67
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $2.16
Costs to cover: 0.197%
Break-even: from the start

Slippage from Lighter: live order book, 5 min ago; ApeX Omni: live order book, 65 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 Lighter live order book, 5 min ago	0.70 bp	1.1 bp −$1	2.9 bp −$29	11.5 bp −$1,148	77.1 bp −$38.6K
Sell ApeX Omni live order book, 65 min ago	2.61 bp	9.0 bp −$9	33.3 bp −$333	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	+0.091%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.6	−0.024%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,467.3	−0.044%	$29.8M	$70.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,467.7	−0.016%	$408K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.6	+0.110%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,468.1	+0.007%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,467.8	−0.014%	$618K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,467.6	−0.026%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,468.1	+0.010%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,467	−0.067%	$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	−0.163%	$4.7M	$1.3M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0093% / S −0.0046%	1h	1,467.2	−0.052%	$437K	—	100x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,468.7	+0.047%	$2.1M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,468	−0.001%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,468.6	+0.046%	$12K	$797K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468.4	+0.027%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.9	−0.003%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.2	+0.016%	$764.4M	$418.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,466.9	−0.072%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,467.9	−0.004%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,466.8	−0.080%	$676.7M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,466.2	−0.121%	$262.6M	$586.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,466.4	−0.103%	$178.5M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,466.2	−0.120%	$398K	$430K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,464.4	−0.241%	$885K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,466.9	−0.069%	$52.7M	$169.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,466.8	−0.080%	$219.1M	$757.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.5	−0.029%	$103.3M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467	−0.065%	$166.7M	$267.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,467.7	−0.018%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,469.8	+0.125%	$48.2M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,465.8	−0.147%	$572K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.6	+0.041%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,469.8	+0.123%	$406K	$923K	50x
StandX ZEC-USD	+0.0100%	1h	1,468.1	+0.008%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,467.6	−0.024%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.1	−0.056%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,466.2	−0.123%	$448K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,470	+0.138%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467	−0.064%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.4	−0.110%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.5	−0.033%	$3.9M	$4.7M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.9	−0.070%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467	−0.065%	$47K	$151K	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0147%	1h	1,467.1	−0.059%	$18.0M	$45.6M	25x	as long as short
Lighter ZEClong	+0.0152%	1h	1,468	long leg	$19.4M	$43.8M	20x
RISEx ZEC/USDC	+0.0154%	1h	1,468.2	+0.015%	$928K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0301%	1h	1,467.6	−0.028%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,470.6	+0.183%	$3.8M	$9.2M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,469.4	+0.099%	$669K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0679%	1h	1,467.7	−0.018%	$45K	$49K	10x	as long as short