Funding you earn now, next payment 01:00 UTC+0.0341%/8h= +37.4% APRnext payment +$0.43 per $10,000 · paid last 24h +0.032%
Price spread now: Lighter RH against Deribit+0.099%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$220.217% of the position
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 3 days (all we have)−0.411%−$41 · spread now +0.099%, 7d avg +0.006%
=Together, before fees−0.234%+ Points / potential airdropLighter RH: Points live · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter RH is 0.093% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.006%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.178% in total (about 9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 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 | Deribit ZEC_USDC-PERPETUAL | 1,470.8 | 0.0115 | pay 0.0014% / 1h | 59m 12s | $613K | $1.3M | 25x |
| Short | Lighter RH ZEC | 1,472.3 | 0.0456 | get 0.0057% / 1h | 59m 12s | $2.0M | $7.9M | 10x |
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $71.68
- Price spread: +0.099% → +0.006%
- $9.34
- Slippage, 4 orders
- −$14.7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $59.31
- Costs to cover
- 0.217%
- Break-even
- 1.2 days
Slippage from Deribit: 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 Deribit live order book, 5 min ago | 4.92 bp | 8.4 bp −$8 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.12 bp | 2.3 bp −$2 | 4.6 bp −$46 | doesn't fit | doesn't fit |
ZEC on 50 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 | −0.3321% | 1h | 1,472.6 | +0.117% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,470 | −0.055% | $17.9M | $43.8M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0101% | 8h | 1,469.8 | −0.073% | $29.6M | $74.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.9 | +0.003% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0063% | 8h | 1,469.3 | −0.105% | $47.6M | $34.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,470.9 | +0.007% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.1 | +0.020% | $957K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,470.1 | −0.051% | $84K | $405K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,470.2 | −0.042% | $5.2M | — | 150x | as long as short |
| Bullet ZEC-USD | +0.0012% | 1h | 1,469.5 | −0.089% | $128K | $159K | 20x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Bullet ZEC-USDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,469.7 | −0.079% | $294K | $1.4M | 20x | as long as short |
| Polymarket Perps ZEC-USD | +0.0023% | 1h | 1,469.9 | −0.064% | $333K | $1.9M | 10x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,471.4 | +0.038% | $4.7M | $1.6M | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0028% | 1h | 1,470.5 | −0.024% | $431K | $845K | 50x | as long as short |
| SoDEX ZEC-USD | +0.0028% | 1h | 1,469.7 | −0.075% | $242K | $4.4M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,469.5 | −0.089% | $181.5M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0049% | 8h | 1,469.9 | −0.066% | $51.1M | $177.3M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,470.1 | −0.050% | $371K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,470.8 | −0.001% | $8K | $8K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0095% | 1h | 1,470 | −0.057% | $399K | $520K | 5x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,471.7 | +0.060% | $19.1M | $50.2M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.1 | −0.051% | $174K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470.8 | −0.001% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470.7 | −0.007% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471.4 | +0.038% | $762.9M | $473.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.1 | −0.052% | $14.9M | $32.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,471.5 | +0.043% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,469.9 | −0.066% | $682.5M | $2.45B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,469.4 | −0.100% | $274.6M | $649.3M | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.1 | +0.089% | $700K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.132% | $896K | $38K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.9 | −0.066% | $229.4M | $818.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470 | −0.057% | $104.4M | $56.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470 | −0.056% | $163.4M | $300.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,467.8 | −0.210% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.1 | −0.052% | $549K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.6 | −0.014% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.9 | +0.004% | $110K | $4.8M | 30x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.3 | −0.174% | $458K | $508K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,471.7 | +0.056% | $3K | $1.2M | 20x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469 | −0.125% | $2.5M | $22.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.3 | −0.035% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.3 | −0.035% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.2 | −0.041% | $37K | $191K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0115% | 1h | 1,470.8 | long leg | $613K | $1.3M | 25x | |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,471.3 | +0.032% | $838K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0440% | 1h | 1,470.6 | −0.013% | $2.5M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,472.9 | +0.137% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZECshort | +0.0456% | 1h | 1,472.3 | +0.099% | $2.0M | $7.9M | 10x | |
| Aftermath Perps ZECUSD | +0.0778% | 1h | 1,472.1 | +0.083% | $46K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
Polymarket Perps ZEC-USD
Phoenix ZEC
ApeX Omni ZECUSDT
SoDEX ZEC-USD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
Ondo Perps ZEC-USD.P
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD