Funding you earn now, next payment 03:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.067%
Price spread now: Lighter RH against Bybit+0.154%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$180.183% of the position
Funding, last 7 days+0.153%+$15 on $10k
+Price spread, last 7 days−0.144%−$14 · spread now +0.154%, 7d avg +0.072%
=Together, before fees+0.009%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter RH is 0.082% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.072%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.153% in total (about 8.0% a year). A funding rate is set anew for every payment. 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 | Bybit ZECUSDT | 1,453.4 | 0.0100 | pay 0.0100% / 8h | 5h 34m | $266.3M | $610.7M | 75x |
| Short | Lighter RH ZEC | 1,455.6 | 0.0352 | get 0.0044% / 1h | 34m 15s | $2.0M | $6.9M | 10x |
Bybit ZECUSDT
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bybit. 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
- $52.92
- Price spread: +0.154% → +0.072%
- $8.23
- Slippage, 4 orders
- −$7.27
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $42.88
- Costs to cover
- 0.183%
- Break-even
- 1.3 days
Slippage from Bybit: live order book, 5 min ago; Lighter RH: live order book, 4 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 Bybit live order book, 5 min ago | 0.04 bp | 6.9 bp −$7 | 8.7 bp −$87 | 16.3 bp −$1,625 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 0.76 bp | 2.9 bp −$3 | 5.1 bp −$51 | 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 | −0.3244% | 1h | 1,451.4 | −0.139% | $33K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0080% | 8h | 1,453.2 | −0.014% | $29.5M | $70.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.2 | −0.081% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,451.6 | −0.124% | $409K | $44K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,452.5 | −0.061% | $1.4M | $5.0M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.7 | −0.114% | $83K | $248K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,453.4 | +0.002% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0041% | 8h | 1,453.4 | +0.003% | $290K | $979K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,453.3 | −0.002% | $408K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,449.2 | −0.288% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZECUSDT | +0.0087% | 1h | 1,450 | −0.230% | $407K | $904K | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.3 | −0.072% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,450.6 | −0.193% | $14K | $854K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,452 | −0.095% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,451.9 | −0.099% | $2.5M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,454.3 | +0.063% | $756.8M | $433.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,452.3 | −0.073% | $14.4M | $28.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,452.3 | −0.075% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,454.2 | +0.057% | $665.9M | $2.26B | 75x | as long as short |
| Bybit ZECUSDTlong | +0.0100% | 8h | 1,453.4 | long leg | $266.3M | $610.7M | 75x | |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,453.9 | +0.038% | $179.2M | $1.24B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,445.9 | −0.515% | $394K | $431K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,451.2 | −0.148% | $879K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,453.5 | +0.005% | $49.5M | $172.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,453.5 | +0.006% | $213.0M | $774.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452 | −0.092% | $102.0M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.6 | +0.015% | $161.5M | $277.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,453.6 | +0.014% | — | $97.5M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,453.9 | +0.035% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,448.7 | −0.321% | $46.8M | $32.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,449.1 | −0.297% | $564K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,449.1 | −0.298% | $3.0M | $419K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452 | −0.096% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.5 | −0.061% | $323K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,453.7 | +0.020% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,452.1 | −0.086% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.4 | +0.204% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,453.7 | +0.022% | $232K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,451.2 | −0.149% | $2.6M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,454.2 | +0.053% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,453.5 | +0.008% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,453.3 | −0.005% | $47K | $156K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,453 | −0.025% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,453.9 | +0.037% | $17.9M | $44.5M | 25x | as long as short |
| Lighter ZEC | +0.0200% | 1h | 1,455.2 | +0.124% | $19.0M | $46.4M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,454.1 | +0.052% | $716K | $8.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0320% | 1h | 1,454 | +0.045% | $611K | $1.3M | 25x | as long as short |
| Lighter RH ZECshort | +0.0352% | 1h | 1,455.6 | +0.154% | $2.0M | $6.9M | 10x | |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,452.6 | −0.057% | $829K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,455.5 | +0.144% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0713% | 1h | 1,454.2 | +0.057% | $43K | $46K | 10x | as long as short |
ApeX Omni ZECUSDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD