Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.029%
Price spread now: Binance against Lighter+0.025%7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$130.132% of the position
Funding, last 7 days−0.450%−$45 on $10k
+Price spread, last 7 days−0.088%−$9 · spread now +0.025%, 7d avg −0.070%
=Together, before fees−0.538%+ Points / potential airdropLighter: Season 3 · farm board−$54 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.095% dearer against Lighter than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.070%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 7 days (−0.450% in total) that is about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,463.5 | 0.0168 | pay 0.0021% / 1h | 12m 22s | $19.4M | $45.4M | 20x |
| Short | Binance ZECUSDT | 1,463.9 | 0.0100 | get 0.0100% / 8h | 3h 12m | $674.0M | $2.17B | 75x |
Lighter ZEC
Binance ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- −$14.28
- Price spread: +0.025% → −0.070%
- $9.53
- Slippage, 4 orders
- −$3.16
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$17.9
- Costs to cover
- 0.132%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Binance: 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 Lighter live order book, 7 min ago | 0.74 bp | 2.2 bp −$2 | 3.5 bp −$35 | 9.3 bp −$934 | 61.2 bp −$30.6K |
| Sell Binance live order book, 2 min ago | 0.03 bp | 5.0 bp −$5 | 7.1 bp −$71 | 17.1 bp −$1,711 | 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 | −0.3042% | 1h | 1,461.1 | −0.167% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,463.4 | −0.010% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,461.9 | −0.113% | $29.6M | $70.7M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,462.8 | −0.048% | $407K | $40K | 5x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,463.1 | −0.025% | $84K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,463.9 | +0.024% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,463.7 | +0.015% | $293K | $910K | 20x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0078% | 1h | 1,460.4 | −0.212% | $396K | $435K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0088% / S −0.0039% | 1h | 1,463.6 | +0.008% | $436K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,462.9 | −0.040% | $175K | $1.6M | 50x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Ondo Perps ZEC-USD.P
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,464.1 | +0.041% | $14K | $804K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,463 | −0.033% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.3 | −0.083% | $2.9M | $6.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,463.9 | +0.024% | $14.6M | $27.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,462.8 | −0.046% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDTshort | +0.0100% | 8h | 1,463.9 | +0.025% | $674.0M | $2.17B | 75x | |
| Bybit ZECUSDT | +0.0100% | 8h | 1,463.7 | +0.011% | $262.2M | $589.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,463.8 | +0.023% | $179.5M | $1.21B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,460.6 | −0.198% | $882K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,463.7 | +0.014% | $52.2M | $172.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,462.6 | −0.059% | $220.2M | $772.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,463.3 | −0.017% | $103.1M | $53.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,463 | −0.032% | $166.2M | $268.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,463.7 | +0.012% | — | $106.6M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,458.8 | −0.323% | $47.8M | $32.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,460.1 | −0.234% | $568K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,461.4 | −0.144% | $3.0M | $464K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.6 | −0.332% | $403K | $944K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,462.1 | −0.097% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,462.7 | −0.055% | $357K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,463.3 | −0.014% | $161K | $186K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,460.7 | −0.193% | $446K | $504K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,464.2 | +0.049% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,461.7 | −0.125% | $234K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,461.5 | −0.140% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,461.8 | −0.120% | $3.8M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,462.9 | −0.039% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,461.4 | −0.140% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,462.7 | −0.056% | $4.7M | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0120% | 1h | 1,464.3 | +0.056% | $2.1M | $7.0M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,463.6 | +0.005% | $8K | $7K | 5x | as long as short |
| Hyperliquid ZEC | +0.0146% | 1h | 1,464.1 | +0.041% | $762.9M | $424.9M | 10x | as long as short |
| Lighter ZEClong | +0.0168% | 1h | 1,463.5 | long leg | $19.4M | $45.4M | 20x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0183% | 1h | 1,462.7 | −0.058% | $616K | $1.3M | 25x | as long as short |
| Kalshi KXZECPERP | +0.0187% | 8h | 1,462.4 | −0.073% | $1.5M | $4.4M | 2.2x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,463.3 | −0.015% | $925K | $1.1M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0284% | 1h | 1,462.4 | −0.073% | $2.4M | $3.8M | 15x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0332% | 1h | 1,461.6 | −0.132% | $18.1M | $45.1M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,464.3 | +0.054% | $685K | $8.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,465.2 | +0.113% | $3.8M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0687% | 1h | 1,461.3 | −0.150% | $45K | $49K | 10x | as long as short |
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
Lighter RH ZEC
01 Exchange ZECUSD
Hyperliquid ZEC
Deribit ZEC_USDC-PERPETUAL
Kalshi KXZECPERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD