Funding you earn now, next payment 01:00 UTC+0.0185%/8h= +20.3% APRnext payment +$0.23 per $10,000 · paid last 24h +0.024%
Price spread now: Lighter against GMX+0.111%7-day average +0.032% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.231%+$23 on $10k
+Price spread, last 3 days (all we have)−0.373%−$37 · spread now +0.111%, 7d avg +0.032%
=Together, before fees−0.142%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.079% dearer against GMX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZEC/USD [WBTC.b-USDC] | 1,466.7 | L +0.0055% / S −0.0010% | pay 0.0007% / 1h | 12m 32s | $377K | — | 100x |
| Short | Lighter ZEC | 1,468.3 | 0.0240 | get 0.0030% / 1h | 12m 32s | $19.1M | $50.5M | 20x |
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- $38.95
- Price spread: +0.111% → +0.032%
- $7.92
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $34.88
- Costs to cover
- 0.120%
- Break-even
- 0.7 days
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 6 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 0.70 bp | 0.9 bp −$1 | 3.1 bp −$31 | 21.5 bp −$2,148 | 75.5 bp −$37.7K |
GMX: 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 | −0.3321% | 1h | 1,469.7 | +0.204% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0344% | 1h | 1,466.8 | +0.006% | $17.9M | $43.1M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0119% | 1h | 1,466.6 | −0.005% | $398K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0114% | 8h | 1,467 | +0.021% | $29.7M | $72.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,468.4 | +0.119% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0030% | 8h | 1,464.9 | −0.118% | $47.5M | $33.8M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,468 | +0.087% | $413K | $103K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,466.2 | −0.035% | $8K | $9K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.5 | +0.121% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,467.2 | +0.035% | $83K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
01 Exchange ZECUSD
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 | 1,466.4 | −0.022% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0019% | 8h | 1,466.5 | −0.014% | $293K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,469.7 | +0.207% | $4.6M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L +0.0055% / S −0.0010% | 1h | 1,466.7 | long leg | $377K | — | 100x | |
| OKX ZEC-USDT-SWAP | +0.0061% | 8h | 1,466.4 | −0.022% | $181.3M | $1.29B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,466.9 | +0.012% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,466.4 | −0.022% | $15K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.6 | +0.134% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467 | +0.023% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467.9 | +0.084% | $762.4M | $454.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.3 | +0.112% | $14.9M | $31.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,467.9 | +0.083% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.9 | +0.014% | $681.8M | $2.37B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,466.5 | −0.013% | $272.9M | $631.6M | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,469.1 | +0.168% | $700K | $8.6M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,465.9 | −0.054% | $892K | $22K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,468.4 | +0.116% | $50.2M | $181.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,466.9 | +0.014% | $226.7M | $829.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466.7 | +0.005% | $104.0M | $55.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.5 | −0.009% | $163.1M | $290.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,465.5 | −0.082% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,466.3 | −0.024% | $570K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.1 | +0.097% | $3.0M | $447K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,466.1 | −0.042% | $426K | $881K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467 | +0.019% | $80K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466.5 | −0.012% | $339K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.4 | −0.021% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,465.1 | −0.109% | $457K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,469.2 | +0.172% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.7 | +0.003% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.3 | −0.027% | $2.5M | $19.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,467.3 | +0.044% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,468.9 | +0.149% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,466.8 | +0.011% | $54K | $164K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0126% | 1h | 1,467.2 | +0.036% | $603K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,467.4 | +0.052% | $852K | $1.0M | 10x | as long as short |
| Lighter ZECshort | +0.0240% | 1h | 1,468.3 | +0.111% | $19.1M | $50.5M | 20x | |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,468.9 | +0.150% | $3.7M | $9.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0515% | 1h | 1,467.4 | +0.046% | $2.5M | $3.9M | 15x | as long as short |
| Lighter RH ZEC | +0.0736% | 1h | 1,469 | +0.155% | $2.0M | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0763% | 1h | 1,467.3 | +0.044% | $43K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD