Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.036%

Price spread now: Lighter against OKX+0.074%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs+$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$140.136% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.493%+$49 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.074%, 7d avg +0.074%

Together, before fees+0.470%+ Points / potential airdropLighter: Season 3 · farm board+$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEC-USDT-SWAP	1,460.5	0.0100	pay 0.0100% / 8h	4h 16m	$178.2M	$1.23B	50x
Short	Lighter ZEC	1,461.6	0.0264	get 0.0033% / 1h	16m 28s	$19.2M	$46.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.074%Rate

Funding earned: $34.44
Price spread: +0.074% → +0.074%: −$0.01
Slippage, 4 orders: −$3.58
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $20.85
Costs to cover: 0.136%
Break-even: 2.8 days

Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 7 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 OKX live order book, 3 min ago	0.03 bp	5.1 bp −$5	8.6 bp −$86	17.6 bp −$1,758	doesn't fit
Sell Lighter live order book, 7 min ago	0.93 bp	2.0 bp −$2	2.4 bp −$24	13.4 bp −$1,338	72.1 bp −$36.1K

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	−0.3166%	1h	1,460.7	+0.013%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,460.5	−0.001%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,460.3	−0.019%	$29.5M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,459.7	−0.054%	$411K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,460.6	+0.001%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,460	−0.038%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,460.4	−0.008%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,460.1	−0.027%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0069% / S −0.0020%	1h	1,460.2	−0.025%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,461	+0.029%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,460.5	−0.003%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,460.7	+0.014%	$11K	$857K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,460.5	−0.003%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,460.8	+0.018%	$2.8M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,461.8	+0.087%	$759.9M	$431.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,460.2	−0.021%	$14.8M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,460.7	+0.011%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,460.5	0.000%	$671.3M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,459.9	−0.040%	$262.1M	$602.3M	75x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0100%	8h	1,460.5	long leg	$178.2M	$1.23B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,458.4	−0.146%	$396K	$442K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.2	−0.227%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,460.6	+0.002%	$50.7M	$174.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,460.5	−0.003%	$216.5M	$774.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,460.7	+0.012%	$103.1M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,460.6	+0.008%	$166.2M	$271.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,459.8	−0.047%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,460.3	−0.016%	$47.9M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.7	+0.082%	$569K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,460.6	+0.002%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461.9	+0.097%	$405K	$939K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,459	−0.107%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,460.6	+0.005%	$355K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,460.1	−0.028%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.2	−0.088%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,462.5	+0.135%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,460.3	−0.014%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.9	−0.182%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460	−0.040%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,460.3	−0.018%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,460.1	−0.031%	$47K	$151K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0122%	1h	1,461.2	+0.043%	$2.4M	$3.8M	15x	as long as short
Phoenix ZEC	+0.0123%	1h	1,460.1	−0.030%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0156%	1h	1,461	+0.031%	$617K	$1.3M	25x	as long as short
Lighter ZECshort	+0.0264%	1h	1,461.6	+0.074%	$19.2M	$46.0M	20x
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,460.1	−0.031%	$18.1M	$45.0M	25x	as long as short
Lighter RH ZEC	+0.0376%	1h	1,461.7	+0.078%	$2.1M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,460.7	+0.015%	$925K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,462	+0.100%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,461.4	+0.059%	$683K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0681%	1h	1,461.1	+0.036%	$45K	$49K	10x	as long as short