ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h −0.018%

Price spread now: Backpack against Lighter RH−0.012%7-day average +0.351% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on Lighter RH Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.404%−$40 on $10k

Price spread, last 7 days−0.225%−$23 · spread now −0.012%, 7d avg +0.351%

Together, before fees−0.629%+ Points / potential airdropLighter RH: Points live · farm board−$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.364% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.351%). If the spread goes back, that is −$36 on $10k: about 9.9 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.404%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ZEC	1,469.4	0.0296	pay 0.0037% / 1h	2m 42s	$2.1M	$7.1M	10x
Short	Backpack ZEC_USDC_PERP	1,469.3	0.0418	get 0.0052% / 1h	2m 42s	$2.4M	$3.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter RH. 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 Lighter RHbpFee BackpackbpOrdersPrice spread, now −0.012%Rate

Funding earned: $25.61
Price spread: −0.012% → +0.351%: −$36.36
Slippage, 4 orders: −$6.77
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$27.52
Costs to cover: 0.168%
Break-even: 14.5 days

Slippage from Lighter RH: live order book, 6 min ago; Backpack: live order book, 1 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 RH live order book, 6 min ago	1.46 bp	2.5 bp −$3	5.1 bp −$51	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	0.03 bp	5.6 bp −$6	16.7 bp −$167	doesn't fit	doesn't fit

ZEC on 50 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	1,452	−1.185%	$33K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.6	+0.076%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0039%	1h	1,464.8	−0.315%	$398K	$501K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,469.3	−0.012%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.4	−0.071%	$413K	$49K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,470.3	+0.056%	$972K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.4	−0.003%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,469.7	+0.020%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0031%	8h	1,469.6	+0.009%	$293K	$987K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,469.8	+0.023%	$384K	—	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0056%	1h	1,470.3	+0.056%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,466.6	−0.192%	$4.6M	$1.5M	10x	as long as short
Variational Omni ZEC	+0.0072%	8h	1,466.6	−0.191%	$47.9M	$32.6M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0093%	8h	1,467.3	−0.147%	$180.9M	$1.24B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,470	+0.036%	$174K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,466.8	−0.182%	$17K	$844K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467.4	−0.141%	$60K	$41K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.2	+0.054%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,469.1	−0.022%	$765.2M	$434.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.1	−0.091%	$14.8M	$29.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468	−0.100%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.5	−0.132%	$678.2M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,467.2	−0.149%	$271.3M	$606.9M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.194%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,467.8	−0.109%	$50.2M	$177.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.7	−0.116%	$216.6M	$803.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.2	−0.155%	$103.1M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.4	−0.138%	$163.0M	$276.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,467.1	−0.156%	—	$98.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466	−0.233%	$570K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.2	−0.084%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.3	−0.214%	$426K	$884K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.1	+0.043%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,469.8	+0.025%	$344K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,469.7	+0.017%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.3	−0.078%	$448K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.2	+0.187%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.6	+0.012%	$242K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469.6	+0.013%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469.1	−0.020%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,467.2	−0.150%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,469.8	+0.022%	$48K	$155K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0184%	1h	1,470.5	+0.072%	$612K	$1.3M	25x	as long as short
Lighter ZEC	+0.0224%	1h	1,468.7	−0.049%	$19.2M	$48.3M	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,469.3	−0.006%	$692K	$8.5M	10x	as long as short
Lighter RH ZEClong	+0.0296%	1h	1,469.4	long leg	$2.1M	$7.1M	10x
RISEx ZEC/USDC	+0.0374%	1h	1,468	−0.100%	$851K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERPshort	+0.0418%	1h	1,469.3	−0.012%	$2.4M	$3.9M	15x
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,472.4	+0.204%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0731%	1h	1,470	+0.042%	$43K	$46K	10x	as long as short