Funding you earn now, next payment 03:00 UTC+0.0173%/8h= +18.9% APRnext payment +$0.22 per $10,000 · paid last 24h +0.089%
Price spread now: Lighter RH against Kraken Futures+0.142%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs+$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Funding, last 7 days+0.481%+$48 on $10k
+Price spread, last 4 days (all we have)−1.498%−$150 · spread now +0.142%, 7d avg +0.044%
=Together, before fees−1.018%+ Points / potential airdropLighter RH: Points live · farm board−$102 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter RH is 0.098% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,457.6 | 0.0195 | pay 0.0024% / 1h | 11m 17s | $18.0M | $44.6M | 25x |
| Short | Lighter RH ZEC | 1,459.7 | 0.0368 | get 0.0046% / 1h | 11m 17s | $2.0M | $6.9M | 10x |
Kraken Futures PF_ZECUSD
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Kraken Futures. 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
- $36.24
- Price spread: +0.142% → +0.044%
- $9.84
- Slippage, 4 orders
- −$12.11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $23.97
- Costs to cover
- 0.221%
- Break-even
- 2.4 days
Slippage from Kraken Futures: live order book, 3 min ago; Lighter RH: live order book, 2 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 Kraken Futures live order book, 3 min ago | 2.47 bp | 9.1 bp −$9 | 12.1 bp −$121 | 20.2 bp −$2,017 | 104.1 bp −$52.1K |
| Sell Lighter RH live order book, 2 min ago | 1.99 bp | 2.1 bp −$2 | 3.8 bp −$38 | doesn't fit | doesn't fit |
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 | −0.3244% | 1h | 1,441.1 | −1.132% | $33K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0084% | 8h | 1,457.8 | +0.011% | $29.4M | $70.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,457.5 | −0.012% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,456.9 | −0.048% | $410K | $42K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.3 | +0.043% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,456.8 | −0.058% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,457.9 | +0.015% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0052% | 8h | 1,458.4 | +0.049% | $292K | $966K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,457.5 | −0.007% | $409K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,458.4 | +0.052% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,457.3 | −0.025% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,457 | −0.040% | $13K | $867K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457.3 | −0.021% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,457.5 | −0.008% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,458.3 | +0.046% | $757.8M | $434.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,457.6 | −0.002% | $14.5M | $28.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,457.5 | −0.007% | $1.7M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,457.9 | +0.019% | $668.4M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,457.7 | +0.006% | $263.5M | $605.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,458.2 | +0.041% | $178.3M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,455.3 | −0.160% | $396K | $437K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | −0.012% | $883K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,457.7 | +0.004% | $50.2M | $175.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,458.3 | +0.046% | $214.0M | $780.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,457.7 | +0.004% | $102.2M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,458.6 | +0.067% | $162.1M | $273.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,457.4 | −0.018% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,462.2 | +0.316% | $47.8M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.7 | −0.065% | $567K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.6 | −0.070% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,456.2 | −0.099% | $410K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456.6 | −0.073% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,457 | −0.043% | $369K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,457.8 | +0.012% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,456.9 | −0.048% | $445K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,460 | +0.159% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457.7 | +0.002% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,456.8 | −0.060% | $2.7M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,458 | +0.023% | $3.8M | $5.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0101% | 1h | 1,458.2 | +0.041% | $2.4M | $3.8M | 15x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,458.3 | +0.045% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,457.8 | +0.011% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0144% | 1h | 1,457.6 | −0.003% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSDlong | +0.0195% | 1h | 1,457.6 | long leg | $18.0M | $44.6M | 25x | |
| Lighter ZEC | +0.0248% | 1h | 1,459.1 | +0.100% | $19.1M | $46.7M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,458.6 | +0.064% | $714K | $8.5M | 10x | as long as short |
| Lighter RH ZECshort | +0.0368% | 1h | 1,459.7 | +0.142% | $2.0M | $6.9M | 10x | |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,457.8 | +0.011% | $834K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,459.8 | +0.149% | $3.7M | $9.1M | 50x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0476% | 1h | 1,459.5 | +0.125% | $613K | $1.3M | 25x | as long as short |
| Aftermath Perps ZECUSD | +0.0690% | 1h | 1,458.7 | +0.072% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
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
Backpack ZEC_USDC_PERP
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Lighter ZEC
Arcus ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Deribit ZEC_USDC-PERPETUAL
Aftermath Perps ZECUSD