Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0381%/8h= +41.7% APRpaid last 24h +0.028%

Price spread now: Lighter RH against OKX+0.164%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs+$19as in the Funding arb table

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

costs, in and out, $10k−$160.161% of the position

Long on OKX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.347%+$35 on $10k

Price spread, last 7 days−0.146%−$15 · spread now +0.164%, 7d avg +0.070%

Together, before fees+0.200%+ Points / potential airdropLighter RH: Points live · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter RH is 0.094% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEC-USDT-SWAP	1,467.4	0.0051	pay 0.0051% / 8h	1h 46m	$176.2M	$1.36B	50x
Short	Lighter RH ZEC	1,469.8	0.0432	get 0.0054% / 1h	46m 15s	$2.0M	$8.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.164%Rate

Funding earned: $80.04
Price spread: +0.164% → +0.070%: $9.39
Slippage, 4 orders: −$6.14
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $73.3
Costs to cover: 0.161%
Break-even: 0.6 days

Slippage from OKX: live order book, 3 min ago; Lighter RH: live order book, 2 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	9.4 bp −$94	17.1 bp −$1,706	doesn't fit
Sell Lighter RH live order book, 2 min ago	2.29 bp	2.3 bp −$2	4.5 bp −$45	doesn't fit	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	−0.3310%	1h	1,462.9	−0.301%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0404%	1h	1,467.8	+0.033%	$17.8M	$44.7M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0107%	1h	1,459.3	−0.549%	$398K	$518K	5x	as long as short
BloFin ZEC-USDT	−0.0097%	8h	1,467.7	+0.020%	$29.3M	$75.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,466.4	−0.068%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0045%	8h	1,467.1	−0.020%	$271.5M	$676.5M	75x	as long as short
Variational Omni ZEC	−0.0023%	8h	1,459.1	−0.561%	$46.4M	$34.1M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.1	+0.048%	$413K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.6	+0.082%	$889K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,467.8	+0.032%	$83K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,468.3	+0.061%	$5.2M	—	150x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0009% / S +0.0079%	1h	1,468.2	+0.056%	$543K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,467.7	+0.026%	$294K	$1.5M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0039%	1h	1,468.7	+0.090%	$598K	$1.3M	25x	as long as short
ApeX Omni ZECUSDT	+0.0039%	1h	1,463.4	−0.270%	$430K	$818K	50x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0051%	8h	1,467.4	long leg	$176.2M	$1.36B	50x
Bulk ZEC-USD	+0.0054%	1h	1,460.6	−0.463%	$899K	$25K	10x	as long as short
Gate ZEC_USDT	+0.0060%	8h	1,468.1	+0.050%	$49.9M	$184.1M	75x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,468.2	+0.059%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,459.6	−0.527%	$4.6M	$1.6M	10x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,468	+0.046%	$14K	$864K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,469.1	+0.120%	$19.0M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467.8	+0.029%	$174K	$1.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468	+0.040%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,468.6	+0.086%	$2.5M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.5	+0.078%	$760.8M	$490.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.3	+0.064%	$15.4M	$33.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468.5	+0.076%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,467.6	+0.015%	$675.5M	$2.52B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,467.9	+0.033%	$223.3M	$854.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,468.3	+0.061%	$103.3M	$56.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,468	+0.044%	$162.8M	$308.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,467.8	+0.030%	—	$103.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,459.8	−0.512%	$509K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,458.9	−0.576%	$3.0M	$492K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,466.9	−0.032%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,467.6	+0.016%	$345K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.7	+0.022%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,466.3	−0.072%	$448K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,470.1	+0.186%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,468	+0.045%	$223K	$4.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,468	+0.040%	$2.4M	$23.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,468.5	+0.078%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468.3	+0.062%	$3.3M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467.9	+0.038%	$37K	$367K	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,468.4	+0.074%	$844K	$1.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0213%	1h	1,468.6	+0.082%	$2.3M	$4.0M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,470.5	+0.217%	$3.7M	$11.7M	50x	as long as short
Lighter RH ZECshort	+0.0432%	1h	1,469.8	+0.164%	$2.0M	$8.2M	10x
Arcus ZEC-USD	+0.0444%	1h	1,469.1	+0.120%	$730K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0525%	1h	1,465.2	−0.145%	$41K	$34K	10x	as long as short