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Funding arb · Price arb /

ZEC

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Alert: funding
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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.

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 04:00 UTC+0.0344%/8h= +37.7% APRnext payment +$0.43 per $10,000 · paid last 24h +0.038%
Price spread now: Coinbase International against Lighter RH+0.066%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Long on Lighter RHShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.137%−$14 on $10k
Price spread, last 4 days (all we have)+0.458%+$46 · spread now +0.066%, 7d avg +0.048%
Together, before fees+0.320%+ Points / potential airdropLighter RH: Points live · farm board+$32 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.137%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH ZEC1,461.10.0120pay 0.0015% / 1h20m 07s$2.1M$7.0M10x
ShortCoinbase International ZEC-PERP-INTX1,462.10.0464get 0.0058% / 1h20m 07s$3.8M$9.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$72.24
Price spread: +0.066% → +0.048%
$1.85
Slippage, 4 orders
−$17.68
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$46.41
Costs to cover
0.277%
Break-even
2.5 days
Slippage from Lighter RH: live order book, 3 min ago; Coinbase International: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 3 min ago1.71 bp2.6 bp −$35.1 bp −$51doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago1.71 bp14.0 bp −$1421.2 bp −$21258.6 bp −$5,856doesn't fit

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−0.3042%1h1,441.9−1.317%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,461−0.010%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0071%8h1,460−0.077%$29.5M$70.7M75xas long as short
dYdX ZEC-USD0.0000%1h1,461−0.011%$411K$35K5xas long as short
Perpl ZEC0.0000%43m1,459.7−0.094%$83K$239K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,459.6−0.105%$5.2M—150xas long as short
Orderly PERP_ZEC_USDC+0.0063%8h1,459.8−0.088%$292K$927K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0085% / S −0.0036%1h1,459.6−0.103%$434K—100xas long as short
Popdex ZECUSDT+0.0096%1h1,460.8−0.021%$174K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,461−0.005%$14K$810K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ZEC-USD-PERP+0.0100%8h1,461.7+0.043%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,461.4+0.020%$2.8M$6.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,460.5−0.040%$14.6M$27.8M75xas long as short
Pacifica ZEC+0.0100%1h1,461.5+0.027%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,460.5−0.040%$671.9M$2.18B75xas long as short
Bybit ZECUSDT+0.0100%8h1,459.9−0.081%$261.4M$589.9M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,460.4−0.051%$179.0M$1.21B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,456.9−0.288%$396K$434K5xas long as short
Bulk ZEC-USD+0.0100%1h1,457.9−0.220%$881K$17K10xas long as short
Gate ZEC_USDT+0.0100%8h1,460.1−0.067%$51.8M$172.1M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,459.8−0.092%$219.9M$771.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,460−0.074%$103.0M$53.1M75xas long as short
Bitget ZECUSDT+0.0100%8h1,460.3−0.055%$165.9M$268.3M75xas long as short
BingX ZEC-USDC+0.0100%8h1,459.6−0.107%—$6.7M—as long as short
Variational Omni ZEC+0.0100%8h1,459.8−0.091%$47.8M$32.7M—as long as short
edgeX ZECUSDC+0.0100%4h1,457.5−0.247%$567K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,456.6−0.312%$3.0M$463K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,457.2−0.270%$402K$943K50xas long as short
StandX ZEC-USD+0.0100%1h1,460.5−0.040%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,460.3−0.055%$355K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,459.5−0.111%$161K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,458.8−0.156%$445K$504K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,463.1+0.138%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,459.9−0.086%$234K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,459−0.142%$2.7M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,460.5−0.041%$3.8M$4.9M50xas long as short
Extended ZEC-USD+0.0104%1h1,459.8−0.091%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,459.4−0.118%$47K$151K20xas long as short
Phoenix ZEC+0.0116%1h1,457.6−0.244%$4.6M$1.3M10xas long as short
Lighter RH ZEClong+0.0120%1h1,461.1long leg$2.1M$7.0M10x
01 Exchange ZECUSD+0.0120%1h1,461.7+0.040%$8K$7K5xas long as short
Hyperliquid ZEC+0.0144%1h1,461.1−0.001%$761.2M$424.5M10xas long as short
Lighter ZEC+0.0160%1h1,461.2+0.004%$19.4M$45.2M20xas long as short
Kalshi KXZECPERP+0.0192%8h1,460−0.077%$1.5M$4.4M2.2xas long as short
RISEx ZEC/USDC+0.0216%1h1,461.4+0.022%$924K$1.1M10xas long as short
Backpack ZEC_USDC_PERP+0.0227%1h1,460.5−0.041%$2.4M$3.8M15xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0241%1h1,460.6−0.038%$615K$1.3M25xas long as short
Kraken Futures PF_ZECUSD+0.0332%1h1,459.7−0.095%$18.1M$45.1M25xas long as short
Arcus ZEC-USD+0.0344%1h1,462.6+0.101%$688K$8.2M10xas long as short
Coinbase International ZEC-PERP-INTXshort+0.0464%1h1,462.1+0.066%$3.8M$9.2M50x
Aftermath Perps ZECUSD+0.0677%1h1,458.6−0.175%$45K$49K10xas long as short