Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.046%

Price spread now: Binance against Lighter RH−0.007%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$150.152% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.319%−$32 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.007%, 7d avg −0.071%

Together, before fees−0.305%+ Points / potential airdropLighter RH: Points live · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.064% dearer against Lighter RH than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.071%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH ZEC	1,488	0.0296	pay 0.0037% / 1h	50m 29s	$2.1M	$7.3M	10x
Short	Binance ZECUSDT	1,487.9	0.0100	get 0.0100% / 8h	1h 50m	$693.0M	$2.29B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.007%Rate

Funding earned: −$41.16
Price spread: −0.007% → −0.071%: $6.42
Slippage, 4 orders: −$5.18
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$49.91
Costs to cover: 0.152%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Binance: live order book, 9 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, 3 min ago	1.54 bp	3.0 bp −$3	6.7 bp −$67	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.03 bp	5.6 bp −$6	7.8 bp −$78	17.3 bp −$1,733	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	−0.3684%	1h	1,491.6	+0.241%	$34K	$273K	12x	as long as short
ApeX Omni ZECUSDT	−0.0140%	1h	1,485.7	−0.153%	$411K	$932K	50x	as long as short
BloFin ZEC-USDT	−0.0117%	8h	1,483	−0.334%	$30.6M	$73.6M	75x	as long as short
Bulk ZEC-USD	−0.0097%	1h	1,490.7	+0.178%	$901K	$15K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,483.1	−0.328%	$18.0M	$46.4M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,485.8	−0.146%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,486.3	−0.112%	$413K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,483.6	−0.298%	$1.6M	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,486.4	−0.111%	$61K	$294K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,486.9	−0.074%	$5.3M	—	150x	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	+0.0072%	8h	1,483	−0.336%	$298K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,487.9	−0.005%	$157K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,482.7	−0.355%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,487.3	−0.044%	$14.2M	$30.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,487.4	−0.041%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDTshort	+0.0100%	8h	1,487.9	−0.007%	$693.0M	$2.29B	75x
Bybit ZECUSDT	+0.0100%	8h	1,487.5	−0.035%	$270.5M	$627.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,487.3	−0.046%	$180.3M	$1.32B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,487	−0.067%	$405K	$507K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,487.8	−0.017%	$54.1M	$179.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,487.6	−0.030%	$234.3M	$774.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,487.9	−0.009%	$102.1M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,487.4	−0.040%	$160.5M	$287.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,486.2	−0.122%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,484.7	−0.224%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,483	−0.337%	$48.4M	$33.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,488.1	+0.009%	$569K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,485.4	−0.175%	$3.1M	$477K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,483.3	−0.317%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,487	−0.067%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,487.3	−0.048%	$164K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,482.2	−0.386%	$453K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,485.3	−0.182%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,483.3	−0.319%	$253K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,482.8	−0.353%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,483.7	−0.287%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,487.6	−0.030%	$61K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,488	−0.003%	$11K	$862K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,487.5	−0.033%	$2.7M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,483.3	−0.314%	$45K	$149K	20x	as long as short
Hyperliquid ZEC	+0.0107%	1h	1,488.9	+0.060%	$773.2M	$439.8M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,487.8	−0.012%	$8K	$7K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0121% / S −0.0105%	1h	1,486.6	−0.097%	$431K	—	100x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,487.7	−0.018%	$930K	$1.2M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,490.8	+0.190%	$4.7M	$1.4M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,489.5	+0.100%	$626K	$8.6M	10x	as long as short
Aftermath Perps ZECUSD	+0.0234%	1h	1,488.8	+0.052%	$48K	$63K	10x	as long as short
Lighter ZEC	+0.0264%	1h	1,488.9	+0.062%	$19.4M	$45.5M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0276%	1h	1,484.1	−0.261%	$706K	$1.4M	25x	as long as short
Lighter RH ZEClong	+0.0296%	1h	1,488	long leg	$2.1M	$7.3M	10x
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,484.8	−0.215%	$3.6M	$9.9M	50x	as long as short