Funding you earn now, next payment 23:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.034%
Price spread now: Lighter against Deribit+0.011%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Funding, last 7 days+0.323%+$32 on $10k
+Price spread, last 3 days (all we have)−0.489%−$49 · spread now +0.011%, 7d avg −0.004%
=Together, before fees−0.166%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,462.4 | 0.0028 | pay 0.0003% / 1h | 37m 50s | $595K | $1.3M | 25x |
| Short | Lighter ZEC | 1,462.6 | 0.0112 | get 0.0014% / 1h | 37m 50s | $18.9M | $52.5M | 20x |
Deribit ZEC_USDC-PERPETUAL
Lighter ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- $17.71
- Price spread: +0.011% → −0.004%
- $1.5
- Slippage, 4 orders
- −$14.45
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$2.24
- Costs to cover
- 0.215%
- Break-even
- 7.9 days
Slippage from Deribit: live order book, 1 min ago; Lighter: live order book, 6 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 Deribit live order book, 1 min ago | 5.98 bp | 9.5 bp −$9 | 15.9 bp −$159 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.18 bp | 1.7 bp −$2 | 2.7 bp −$27 | 11.1 bp −$1,109 | 68.8 bp −$34.4K |
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 | 1,465.8 | +0.226% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,462 | −0.029% | $17.8M | $44.7M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0245% | 1h | 1,466 | +0.243% | $398K | $520K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0088% | 8h | 1,462.7 | +0.014% | $29.1M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462 | −0.029% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0051% | 8h | 1,459.4 | −0.211% | $270.4M | $673.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,465.3 | +0.192% | $46.6M | $34.0M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,462.6 | +0.011% | $412K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,463 | +0.038% | $885K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,462.2 | −0.019% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,462.8 | +0.025% | $5.2M | — | 150x | as long as short |
| ApeX Omni ZECUSDT | +0.0007% | 1h | 1,466.5 | +0.279% | $431K | $820K | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0079% | 1h | 1,462.7 | +0.021% | $541K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,462.3 | −0.010% | $292K | $1.5M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0028% | 1h | 1,462.4 | long leg | $595K | $1.3M | 25x | |
| Bulk ZEC-USD | +0.0030% | 1h | 1,466 | +0.244% | $905K | $27K | 10x | as long as short |
| Gate ZEC_USDT | +0.0044% | 8h | 1,460 | −0.166% | $49.8M | $184.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0046% | 8h | 1,460.1 | −0.160% | $175.6M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,462.3 | −0.008% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,468.3 | +0.403% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,462.5 | +0.005% | $14K | $862K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,462 | −0.029% | $173K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,462.3 | −0.007% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,463.3 | +0.057% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,461.1 | −0.095% | $757.2M | $484.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,460 | −0.170% | $15.6M | $33.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,462.8 | +0.022% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,460 | −0.171% | $672.7M | $2.50B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,460.3 | −0.145% | $220.8M | $859.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,460.5 | −0.136% | $102.8M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.2 | −0.155% | $161.5M | $307.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,460.7 | −0.117% | — | $103.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,465.9 | +0.234% | $510K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,464.7 | +0.152% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.4 | +0.201% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,462.3 | −0.010% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,462.3 | −0.012% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,460.9 | −0.108% | $446K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,464.7 | +0.157% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,462.1 | −0.021% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,461.5 | −0.065% | $2.5M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,462.4 | −0.001% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,460.6 | −0.128% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,462.2 | −0.020% | $36K | $367K | 20x | as long as short |
| Lighter ZECshort | +0.0112% | 1h | 1,462.6 | +0.011% | $18.9M | $52.5M | 20x | |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,462.3 | −0.007% | $841K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0203% | 1h | 1,462.4 | 0.000% | $2.3M | $3.9M | 15x | as long as short |
| Lighter RH ZEC | +0.0368% | 1h | 1,463.2 | +0.051% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,463.5 | +0.075% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,463.6 | +0.081% | $739K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0534% | 1h | 1,465.3 | +0.196% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
ApeX Omni ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
Bulk ZEC-USD
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
Katana Perps ZEC-USD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD