Spread before costs (cost unknown: a leg has no order-book sample)+0.087%
7d average−0.035%if it closes, per $10,000$9funding while held, a day+$2.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ZEC | 1,524.9 | 0.0096 | pay 0.0012% / 1h | 50m 39s | $1.7M | $7.9M | 10x |
| Short | GMX ZEC/USD [WBTC.b-USDC] | 1,526.2 | L +0.0189% / S −0.0195% | get 0.0024% / 1h | 50m 39s | $366K | — | 100x |
Lighter RH ZEC
GMX ZEC/USD [WBTC.b-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $8.75
- Funding while held
- $2.96
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$0.29
- Spread needed to break even
- 0.120%
Slippage unknown: Lighter RH: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0099%
- Per $10,000 a day
- +$2.96
- Average in range /8h
- —
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, 4 min ago | 1.81 bp | 1.8 bp −$2 | 5.7 bp −$57 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZEC price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni1,512.1cheapestPhoenix1,513.2+0.071%Ondo Perps1,516.8+0.311%edgeX1,518+0.388%StandX1,520.5+0.554%Bulk1,520.6+0.565%Aftermath Perps1,521.1+0.593%Katana Perps1,521.1+0.599%Variational Omni1,521.1+0.599%Bybit1,521.9+0.645%Paradex1,522.3+0.675%OKX1,522.6+0.692%Bitget1,522.6+0.694%Gate1,522.7+0.702%MEXC1,522.9+0.716%Injective1,523.2+0.732%Extended1,523.2+0.734%Binance1,523.2+0.734%Hotstuff1,523.3+0.738%RISEx1,523.3+0.739%Pacifica1,523.3+0.745%BingX1,523.4+0.745%dYdX1,523.6+0.761%KuCoin1,523.8+0.774%Derive1,524+0.787%Aevo1,524.2+0.799%Arcus1,524.2+0.800%Nado1,524.3+0.808%Lighter1,524.7+0.836%HTX1,524.8+0.838%BloFin1,524.8+0.838%Orderly1,524.8+0.839%
ApeX Omni
Phoenix
Ondo Perps
StandX
Bulk
Katana Perps
Variational Omni
Bybit
Paradex
OKX
Bitget
Gate
MEXC
Injective
Extended
Binance
Hotstuff
RISEx
Pacifica
BingX
dYdX
KuCoin
Derive
Aevo
Arcus
Nado
Lighter
HTX
BloFin
OrderlyLighter RH1,524.9+0.847%
Hyperliquid1,524.9+0.847%Popdex1,524.9+0.848%Aster1,525+0.852%SoDEX1,525+0.854%01 Exchange1,525.1+0.857%Kraken Futures1,525.1+0.858%Perpl1,525.1+0.860%Polymarket Perps1,525.2+0.867%Bullet1,525.3+0.870%Backpack1,525.4+0.878%Phemex1,525.5+0.886%Deribit1,525.8+0.904%Kalshi1,526+0.921%gTrade (Gains Network)1,526+0.922%
Hyperliquid
Popdex
Aster
SoDEX
Kraken Futures
Perpl
Polymarket Perps
Bullet
Backpack
Phemex
Deribit
gTrade (Gains Network)GMX1,526.2+0.935%
SunX1,526.9+0.977%Coinbase International1,527.4+1.013%
SunX
Coinbase InternationalZEC on 50 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni ZECUSDT | −0.839% | −0.0123% | 1h | $1.0M | $343K | 50x | as long as short |
| Phoenix ZEC | −0.769% | +0.0003% | 1h | $5.0M | $1.4M | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.531% | +0.0100% | 1h | $318K | $681K | 5x | as long as short |
| edgeX ZECUSDC | −0.455% | +0.0100% | 4h | $510K | $10.5M | 20x | as long as short |
| StandX ZEC-USD | −0.290% | +0.0100% | 1h | $69K | $2.4M | 30x | as long as short |
| Bulk ZEC-USD | −0.279% | +0.0100% | 1h | $921K | $43K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.251% | +0.0491% | 1h | $41K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | −0.246% | +0.0094% | 8h | $21K | $1.2M | 10x | as long as short |
| Variational Omni ZEC | −0.246% | +0.0100% | 8h | $50.1M | $33.1M | — | as long as short |
| Bybit ZECUSDT | −0.199% | +0.0053% | 8h | $300.0M | $750.5M | 75x | as long as short |
Show all 50 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex ZEC-USD-PERP | −0.170% | +0.0097% | 8h | $63K | $38K | 10x | as long as short |
| OKX ZEC-USDT-SWAP | −0.153% | −0.0003% | 8h | $189.9M | $1.65B | 50x | as long as short |
| Bitget ZECUSDT | −0.151% | −0.0027% | 8h | $170.2M | $320.9M | 75x | as long as short |
| Gate ZEC_USDT | −0.144% | +0.0043% | 8h | $52.9M | $214.6M | 75x | as long as short |
| MEXC ZEC_USDT | −0.129% | +0.0003% | 8h | $209.6M | $976.2M | 150x | as long as short |
| Injective ZEC/USDC PERP | −0.113% | −0.5000% | 1h | $35K | $72K | 12x | as long as short |
| Extended ZEC-USD | −0.111% | +0.0232% | 1h | $3.4M | $4.6M | 10x | as long as short |
| Binance ZECUSDT | −0.111% | +0.0005% | 8h | $713.5M | $2.82B | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.108% | −0.0080% | 1h | $6K | $2K | 10x | as long as short |
| RISEx ZEC/USDC | −0.107% | +0.0093% | 1h | $863K | $2.8M | 10x | as long as short |
| Pacifica ZEC | −0.101% | +0.0100% | 1h | $1.7M | $3.8M | 10x | as long as short |
| BingX ZEC-USDC | −0.101% | +0.0068% | 8h | — | $6.9M | — | as long as short |
| dYdX ZEC-USD | −0.085% | 0.0000% | 1h | $428K | $116K | 5x | as long as short |
| KuCoin ZECUSDTM | −0.071% | +0.0100% | 8h | $105.9M | $69.9M | 75x | as long as short |
| Derive ZEC-PERP | −0.059% | +0.0100% | 1h | $498K | $245K | 6.7x | as long as short |
| Aevo ZEC-PERP | −0.047% | +0.0080% | 1h | $40K | $362K | 20x | as long as short |
| Arcus ZEC-USD | −0.046% | +0.0100% | 1h | $616K | $5.6M | 10x | as long as short |
| Nado ZEC-PERP | −0.039% | +0.0100% | 1h | $3.2M | $7.8M | 10x | as long as short |
| Lighter ZEC | −0.010% | +0.0096% | 1h | $20.6M | $57.9M | 20x | as long as short |
| HTX ZEC-USDT | −0.009% | +0.0100% | 8h | $2.7M | $31.0M | 75x | as long as short |
| BloFin ZEC-USDT | −0.009% | −0.0117% | 8h | $32.2M | $79.4M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | −0.008% | −0.0015% | 8h | $274K | $1.7M | 20x | as long as short |
| Lighter RH ZEClong | 0.000% | +0.0096% | 1h | $1.7M | $7.9M | 10x | |
| Hyperliquid ZEC | +0.001% | +0.0100% | 1h | $827.5M | $656.7M | 10x | as long as short |
| Popdex ZECUSDT | +0.002% | +0.0096% | 1h | $191K | $2.2M | 50x | as long as short |
| Aster ZECUSDT | +0.006% | −0.0016% | 8h | $14.7M | $36.5M | 75x | as long as short |
| SoDEX ZEC-USD | +0.008% | +0.0100% | 1h | $230K | $5.5M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.010% | −0.0032% | 1h | $9K | $13K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.012% | +0.0169% | 1h | $19.1M | $42.2M | 25x | as long as short |
| Perpl ZEC | +0.013% | 0.0000% | 43m | $45K | $439K | 10x | as long as short |
| Polymarket Perps ZEC-USD | +0.020% | +0.0100% | 1h | $344K | $3.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.024% | −0.0081% | 1h | $53K | $115K | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.031% | +0.0100% | 1h | $2.3M | $3.3M | 15x | as long as short |
| Phemex ZECUSDT | +0.039% | +0.0100% | 8h | $4.0M | $6.2M | 50x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.057% | 0.0000% | 1h | $583K | $790K | 25x | as long as short |
| Kalshi KXZECPERP | +0.073% | 0.0000% | 8h | $987K | $6.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | +0.075% | L +0.0007% / S −0.0006% | 1h | $5.4M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]short | +0.087% | L +0.0189% / S −0.0195% | 1h | $366K | — | 100x | |
| SunX ZEC-USDT | +0.130% | +0.0100% | 8h | $3K | $1.3M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.165% | +0.0208% | 1h | $3.9M | $13.7M | 50x | as long as short |