Funding you earn now, next payment 22:00 UTC+0.0644%/8h= +70.5% APRnext payment +$0.80 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter RH against Backpack+0.025%7-day average −0.323% · you sell dearer than you buy
Net, funding: paid 7d − costs+$27as in the Funding arb table
Net, price: spread back to 7d avg − costs+$21as in the Price arb table
costs, in and out, $10k−$140.143% of the position
Funding, last 7 days+0.414%+$41 on $10k
+Price spread, last 7 days+0.866%+$87 · spread now +0.025%, 7d avg −0.323%
=Together, before fees+1.280%+ Points / potential airdropLighter RH: Points live · farm board+$128 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Lighter RH is 0.349% dearer against Backpack than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.323%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.414% in total (about 21.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.80 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZEC_USDC_PERP | 1,451.7 | 0.0100 | pay 0.0013% / 1h | 36m 29s | $2.3M | $4.1M | 15x |
| Short | Lighter RH ZEC | 1,452 | 0.0744 | get 0.0093% / 1h | 36m 29s | $1.9M | $8.4M | 10x |
Backpack ZEC_USDC_PERP
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $135.24
- Price spread: +0.025% → −0.323%
- $34.9
- Slippage, 4 orders
- −$4.34
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $155.79
- Costs to cover
- 0.143%
- Break-even
- from the start
Slippage from Backpack: 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 Backpack live order book, 3 min ago | 0.03 bp | 6.1 bp −$6 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 0.10 bp | 0.1 bp $0 | 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 | −0.3476% | 1h | 1,438.1 | −0.933% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,451.1 | −0.037% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,451.1 | −0.036% | $17.7M | $44.3M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,451.6 | −0.004% | $28.8M | $74.8M | 75x | as long as short |
| Variational Omni ZEC | −0.0017% | 8h | 1,451.4 | −0.018% | $45.5M | $32.1M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,449 | −0.180% | $408K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,452.4 | +0.049% | $899K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,449.9 | −0.118% | $82K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,451.9 | +0.015% | $591K | $1.3M | 25x | as long as short |
| Bybit ZECUSDT | +0.0002% | 8h | 1,448.3 | −0.231% | $268.1M | $675.6M | 75x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
Bybit ZECUSDTShow 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 | 1,450.5 | −0.081% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,448.8 | −0.196% | $290K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0032% / S +0.0069% | 1h | 1,450.5 | −0.083% | $543K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0054% | 8h | 1,449.1 | −0.179% | $171.9M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0069% | 8h | 1,450.2 | −0.101% | $49.1M | $186.7M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,451.1 | −0.041% | $8K | $8K | 5x | as long as short |
| Aster ZECUSDT | +0.0075% | 8h | 1,450.1 | −0.105% | $15.2M | $34.6M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0094% | 8h | 1,450.8 | −0.061% | $13K | $872K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,451 | −0.042% | $18.7M | $54.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,450.8 | −0.057% | $177K | $2.0M | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0098% | 1h | 1,449.8 | −0.128% | $394K | $519K | 5x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,449.9 | −0.124% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,451.2 | −0.029% | $3.0M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,451.5 | −0.011% | $751.4M | $489.7M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,449.9 | −0.119% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,450.7 | −0.069% | $660.2M | $2.53B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,452.5 | +0.058% | $895K | $33K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,450.7 | −0.067% | $219.9M | $888.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,451 | −0.045% | $103.5M | $56.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,450.6 | −0.074% | $161.4M | $312.7M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,450.5 | −0.079% | — | $105.4M | — | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0100% | 1h | 1,451.7 | long leg | $2.3M | $4.1M | 15x | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,450.9 | −0.052% | $487K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.1 | +0.032% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,451.9 | +0.017% | $706K | $607K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.3 | +0.047% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,449.9 | −0.121% | $297K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,450.6 | −0.075% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,449.9 | −0.119% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,454.3 | +0.185% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,451.3 | −0.025% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.1 | +0.028% | $2.4M | $24.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,451.5 | −0.009% | $3.7M | $5.3M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | +0.046% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,449.7 | −0.132% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,451.4 | −0.021% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,451.5 | −0.009% | $863K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,453.4 | +0.122% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0448% | 1h | 1,452 | +0.025% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,452.6 | +0.061% | $757K | $7.9M | 10x | as long as short |
| Lighter RH ZECshort | +0.0744% | 1h | 1,452 | +0.025% | $1.9M | $8.4M | 10x |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Aster ZECUSDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Ondo Perps ZEC-USD.P
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD