Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.037%
Price spread now: Lighter against Hyperliquid+0.051%7-day average +0.040% · 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−$13as in the Price arb table
costs, in and out, $10k−$140.136% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 7 days−0.014%−$1 · spread now +0.051%, 7d avg +0.040%
=Together, before fees+0.091%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,457.5 | 0.0100 | pay 0.0013% / 1h | 16m 14s | $753.7M | $495.0M | 10x |
| Short | Lighter ZEC | 1,458.2 | 0.0096 | get 0.0012% / 1h | 16m 14s | $18.8M | $54.7M | 20x |
Hyperliquid ZEC
Lighter ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. 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: +0.051% → +0.040%
- $1.1
- Slippage, 4 orders
- −$4.62
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$13.36
- Costs to cover
- 0.136%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Lighter: live order book, 8 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 Hyperliquid live order book, 8 min ago | 0.34 bp | 4.8 bp −$5 | 6.2 bp −$62 | 12.4 bp −$1,243 | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.93 bp | 1.8 bp −$2 | 4.8 bp −$48 | 17.8 bp −$1,784 | 77.4 bp −$38.7K |
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 | 1,433.1 | −1.671% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0086% | 8h | 1,455.9 | −0.113% | $28.7M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,457.5 | +0.001% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,456.7 | −0.058% | $17.7M | $44.6M | 25x | as long as short |
| Bybit ZECUSDT | −0.0004% | 8h | 1,455.9 | −0.113% | $268.5M | $677.2M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,457.2 | −0.021% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,457.1 | −0.026% | $933K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,456.8 | −0.051% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,457.5 | +0.001% | $593K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,457.6 | +0.008% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEC | +0.0008% | 8h | 1,455.6 | −0.131% | $45.8M | $33.2M | — | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,456.9 | −0.045% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0020% / S +0.0072% | 1h | 1,457.2 | −0.019% | $557K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,458 | +0.037% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0058% | 8h | 1,456.5 | −0.069% | $173.9M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0073% | 8h | 1,456.6 | −0.060% | $49.3M | $190.7M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0079% | 1h | 1,452.8 | −0.322% | $395K | $519K | 5x | as long as short |
| Aster ZECUSDT | +0.0094% | 8h | 1,456.9 | −0.039% | $15.3M | $34.3M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,457.5 | −0.001% | $13K | $872K | 10x | as long as short |
| Lighter ZECshort | +0.0096% | 1h | 1,458.2 | +0.051% | $18.8M | $54.7M | 20x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,457.6 | +0.008% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457.5 | +0.002% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,457.7 | +0.012% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0100% | 1h | 1,457.5 | long leg | $753.7M | $495.0M | 10x | |
| Pacifica ZEC | +0.0100% | 1h | 1,457.7 | +0.011% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,456.9 | −0.040% | $664.6M | $2.53B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,456.7 | −0.057% | $217.4M | $897.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,456.9 | −0.042% | $103.1M | $57.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,456.7 | −0.058% | $161.3M | $312.7M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,456.9 | −0.041% | — | $101.4M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,457.4 | −0.004% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.9 | −0.041% | $489K | $9.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.7 | −0.054% | $3.0M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,457 | −0.035% | $428K | $814K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456.3 | −0.082% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,457.2 | −0.021% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,456.9 | −0.038% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,455.7 | −0.126% | $443K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.1 | +0.107% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,456.8 | −0.047% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457.2 | −0.023% | $2.4M | $25.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457 | −0.035% | $3.8M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,455 | −0.172% | $896K | $26K | 10x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,457.5 | −0.001% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,457.2 | −0.018% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,457.1 | −0.028% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,458 | +0.036% | $863K | $1.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,459.3 | +0.123% | $3.8M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0460% | 1h | 1,457 | −0.034% | $40K | $34K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,458.9 | +0.096% | $750K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0624% | 1h | 1,458.7 | +0.080% | $1.9M | $8.5M | 10x | as long as short |
Variational Omni ZEC
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Ondo Perps ZEC-USD.P
Aster ZECUSDT
Katana Perps ZEC-USD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Pacifica ZEC
Binance ZECUSDT
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
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