Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.033%
Price spread now: Lighter against Derive+0.249%7-day average +0.130% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.209%+$21 on $10k
+Price spread, last 3 days (all we have)−0.805%−$81 · spread now +0.249%, 7d avg +0.130%
=Together, before fees−0.596%+ Points / potential airdropLighter: Season 3 · farm board−$60 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.119% dearer against Derive than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.130%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,447.6 | 0.0100 | pay 0.0013% / 1h | 35m 49s | $440K | $493K | 6.7x |
| Short | Lighter ZEC | 1,451.2 | 0.0096 | get 0.0012% / 1h | 35m 49s | $18.7M | $54.1M | 20x |
Derive ZEC-PERP
Lighter ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Derive. 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
- −$0.84
- Price spread: +0.249% → +0.130%
- $11.9
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $5.06
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Derive: no order-book sample; Lighter: live order book, 8 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 8 min ago | 0.07 bp | 1.1 bp −$1 | 2.2 bp −$22 | 11.2 bp −$1,124 | 70.5 bp −$35.3K |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.652% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,451.1 | +0.246% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,449.5 | +0.133% | $17.7M | $44.3M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,451.6 | +0.279% | $28.8M | $74.8M | 75x | as long as short |
| Variational Omni ZEC | −0.0017% | 8h | 1,451.4 | +0.265% | $45.5M | $32.1M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,449 | +0.103% | $408K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,450.4 | +0.195% | $898K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,449.9 | +0.165% | $82K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,449.5 | +0.135% | $590K | $1.3M | 25x | as long as short |
| Bybit ZECUSDT | +0.0002% | 8h | 1,449.3 | +0.117% | $268.3M | $675.3M | 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 | +0.203% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,448.8 | +0.087% | $290K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0032% / S +0.0069% | 1h | 1,450.5 | +0.201% | $543K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0054% | 8h | 1,449.8 | +0.156% | $171.9M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0069% | 8h | 1,449.7 | +0.147% | $49.1M | $186.7M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,451.1 | +0.243% | $8K | $8K | 5x | as long as short |
| Aster ZECUSDT | +0.0075% | 8h | 1,450 | +0.170% | $15.3M | $34.6M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0094% | 8h | 1,450.8 | +0.223% | $13K | $872K | 10x | as long as short |
| Lighter ZECshort | +0.0096% | 1h | 1,451.2 | +0.249% | $18.7M | $54.1M | 20x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,450.8 | +0.226% | $177K | $2.0M | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0098% | 1h | 1,449.8 | +0.155% | $394K | $519K | 5x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,449.9 | +0.159% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,451.2 | +0.254% | $3.0M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,450.9 | +0.231% | $751.3M | $490.0M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,449.9 | +0.164% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,449.8 | +0.153% | $659.8M | $2.53B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,452.5 | +0.342% | $895K | $33K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,450 | +0.168% | $219.2M | $888.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,450 | +0.172% | $103.5M | $56.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,449.8 | +0.157% | $161.2M | $312.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,449.9 | +0.163% | — | $105.4M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,450.4 | +0.199% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,450.9 | +0.231% | $487K | $9.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.1 | +0.315% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,451.9 | +0.300% | $706K | $607K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.3 | +0.331% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,449.9 | +0.162% | $297K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,450.6 | +0.208% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,447.6 | long leg | $440K | $493K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,453 | +0.376% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,449.1 | +0.109% | $220K | $4.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,449 | +0.101% | $2.4M | $24.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,449.7 | +0.149% | $3.7M | $5.3M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | +0.330% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,450.2 | +0.183% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,449.1 | +0.108% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,451.5 | +0.275% | $863K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,450.7 | +0.215% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0448% | 1h | 1,452 | +0.308% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,452.6 | +0.345% | $757K | $7.9M | 10x | as long as short |
| Lighter RH ZEC | +0.0744% | 1h | 1,451.4 | +0.265% | $1.9M | $8.4M | 10x | as long as short |
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
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
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
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
Lighter RH ZEC