Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.054%
Price spread now: Bulk against Lighter+0.112%7-day average −0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$10as in the Price arb table
costs, in and out, $10k−$90.091% of the position
Funding, last 3 days (all we have)−0.214%−$21 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.112%, 7d avg −0.083%
=Together, before fees−0.346%+ Points / potential airdropLighter: Season 3 · farm board−$35 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: Bulk is 0.195% dearer against Lighter than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.083%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,453.3 | 0.0096 | pay 0.0012% / 1h | 45m 57s | $18.7M | $53.9M | 20x |
| Short | Bulk ZEC-USD | 1,455 | 0.0100 | get 0.0013% / 1h | 45m 57s | $896K | $37K | 10x |
Lighter ZEC
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $0.84
- Price spread: +0.112% → −0.083%
- $19.48
- Slippage, 4 orders
- −$2.06
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $11.26
- Costs to cover
- 0.091%
- Break-even
- from the start
Slippage from Lighter: live order book, 8 min ago; Bulk: live order book, 43 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, 8 min ago | 0.17 bp | 0.7 bp −$1 | 1.9 bp −$19 | 9.8 bp −$984 | 66.5 bp −$33.3K |
| Sell Bulk live order book, 43 min ago | 0.07 bp | 3.6 bp −$4 | 3.9 bp −$39 | 8.6 bp −$858 | 18.5 bp −$9,234 |
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 | 1,437.8 | −1.068% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.2 | −0.079% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,451.9 | −0.099% | $17.6M | $44.4M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,453 | −0.021% | $28.9M | $75.2M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,451.7 | −0.112% | $45.5M | $32.1M | — | as long as short |
| Bybit ZECUSDT | −0.0007% | 8h | 1,451 | −0.161% | $268.6M | $675.2M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,451.8 | −0.105% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,452.4 | −0.063% | $846K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,452.2 | −0.078% | $82K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,453.1 | −0.014% | $566K | $1.3M | 25x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUALShow 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 | 1,452.4 | −0.064% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,452.3 | −0.074% | $291K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0066% | 1h | 1,452.3 | −0.073% | $543K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0042% | 8h | 1,451.7 | −0.116% | $171.7M | $1.36B | 50x | as long as short |
| Aster ZECUSDT | +0.0062% | 8h | 1,451.7 | −0.111% | $15.3M | $35.1M | 75x | as long as short |
| Gate ZEC_USDT | +0.0065% | 8h | 1,451.6 | −0.119% | $49.1M | $185.7M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,452.7 | −0.043% | $8K | $8K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0089% | 1h | 1,452.8 | −0.037% | $394K | $518K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,452.9 | −0.028% | $17K | $879K | 10x | as long as short |
| Lighter ZEClong | +0.0096% | 1h | 1,453.3 | long leg | $18.7M | $53.9M | 20x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.2 | −0.079% | $178K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,452.2 | −0.076% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,452.3 | −0.072% | $3.0M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,452.7 | −0.045% | $751.1M | $494.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,452.6 | −0.050% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,451.7 | −0.111% | $658.2M | $2.53B | 75x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,455 | +0.112% | $896K | $37K | 10x | |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,451.9 | −0.101% | $218.7M | $883.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,451.7 | −0.114% | $103.6M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,451.7 | −0.114% | $161.7M | $314.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,451.4 | −0.134% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,452.6 | −0.052% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.4 | +0.008% | $487K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,454.1 | +0.052% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.6 | −0.048% | $706K | $606K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,454.3 | +0.064% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451.7 | −0.112% | $298K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452 | −0.090% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451 | −0.158% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,454.7 | +0.095% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.3 | −0.074% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,451.9 | −0.098% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,451.9 | −0.099% | $3.7M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,453.6 | +0.021% | $4.6M | $1.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.3 | −0.072% | $36K | $362K | 20x | as long as short |
| Extended ZEC-USD | +0.0208% | 1h | 1,451.7 | −0.110% | $3.3M | $7.0M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,453.1 | −0.015% | $862K | $2.5M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,454.1 | +0.053% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0453% | 1h | 1,453.5 | +0.011% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,454.5 | +0.082% | $754K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0728% | 1h | 1,454.2 | +0.061% | $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
Aster ZECUSDT
Gate ZEC_USDT
01 Exchange ZECUSD
Ondo Perps ZEC-USD.P
Katana Perps ZEC-USD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Phoenix ZEC
Aevo ZEC-PERP
Extended ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC