Funding you earn now, next payment 22:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.042%
Price spread now: Bybit against Lighter−0.150%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$160.158% of the position
Funding, last 7 days−0.262%−$26 on $10k
+Price spread, last 7 days+0.063%+$6 · spread now −0.150%, 7d avg −0.072%
=Together, before fees−0.199%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.078% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,454.8 | 0.0096 | pay 0.0012% / 1h | 49m 24s | $18.8M | $53.9M | 20x |
| Short | Bybit ZECUSDT | 1,452.6 | −0.0009 | pay 0.0009% / 8h | 2h 49m | $269.2M | $677.1M | 75x |
Lighter ZEC
Bybit ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$21.97
- Price spread: −0.150% → −0.072%
- −$7.84
- Slippage, 4 orders
- −$4.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$45.61
- Costs to cover
- 0.158%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago | 0.17 bp | 0.7 bp −$1 | 1.9 bp −$19 | 9.8 bp −$984 | 66.5 bp −$33.3K |
| Sell Bybit live order book, 5 min ago | 0.03 bp | 6.5 bp −$6 | 8.5 bp −$85 | 14.6 bp −$1,465 | 28.1 bp −$14.1K |
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 | 1,437.6 | −1.180% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,454.7 | −0.004% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,454.1 | −0.045% | $17.6M | $44.6M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0069% | 8h | 1,453.2 | −0.107% | $28.9M | $75.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,451.7 | −0.211% | $45.5M | $32.1M | — | as long as short |
| Bybit ZECUSDTshort | −0.0009% | 8h | 1,452.6 | −0.150% | $269.2M | $677.1M | 75x | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,454.8 | +0.005% | $410K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454.9 | +0.012% | $849K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,453.1 | −0.117% | $82K | $401K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,454.3 | −0.032% | $5.1M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0008% | 8h | 1,454.5 | −0.021% | $292K | $1.5M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0017% | 1h | 1,455.2 | +0.031% | $567K | $1.3M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0065% | 1h | 1,453.7 | −0.076% | $544K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0039% | 8h | 1,453.2 | −0.111% | $172.3M | $1.36B | 50x | as long as short |
| Aster ZECUSDT | +0.0059% | 8h | 1,454.2 | −0.038% | $15.3M | $35.2M | 75x | as long as short |
| Gate ZEC_USDT | +0.0065% | 8h | 1,453.9 | −0.061% | $49.1M | $185.5M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,454.1 | −0.047% | $8K | $8K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,453.8 | −0.068% | $17K | $886K | 10x | as long as short |
| Lighter ZEClong | +0.0096% | 1h | 1,454.8 | long leg | $18.8M | $53.9M | 20x | |
| Ondo Perps ZEC-USD.P | +0.0096% | 1h | 1,449.8 | −0.342% | $394K | $517K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.2 | −0.105% | $177K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.7 | −0.073% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,454 | −0.053% | $3.0M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,453.8 | −0.067% | $751.6M | $493.4M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.8 | −0.067% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,453.6 | −0.080% | $659.3M | $2.55B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,455 | +0.013% | $896K | $37K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,452.9 | −0.132% | $218.0M | $881.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,454 | −0.056% | $103.7M | $57.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.8 | −0.133% | $161.9M | $316.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,454.3 | −0.035% | — | $107.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,455 | +0.017% | $2.3M | $4.2M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.4 | −0.095% | $487K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,455.2 | +0.027% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.6 | −0.146% | $706K | $606K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.6 | −0.148% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.6 | −0.149% | $298K | $2.1M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,453.6 | −0.084% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,452.9 | −0.130% | $442K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,457.7 | +0.203% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,454.2 | −0.041% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,455 | +0.016% | $2.4M | $25.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,454 | −0.055% | $3.7M | $5.5M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.3 | −0.173% | $4.6M | $1.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,454.1 | −0.043% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,454.5 | −0.018% | $863K | $2.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0272% | 1h | 1,454 | −0.050% | $3.3M | $7.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,456.8 | +0.140% | $3.7M | $11.6M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0462% | 1h | 1,454 | −0.052% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,456.3 | +0.106% | $751K | $7.8M | 10x | as long as short |
| Lighter RH ZEC | +0.0728% | 1h | 1,456 | +0.087% | $1.9M | $8.4M | 10x | as long as short |
Orderly PERP_ZEC_USDC
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Aster ZECUSDT
Gate ZEC_USDT
01 Exchange ZECUSD
Katana Perps ZEC-USD
Ondo Perps ZEC-USD.P
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
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
Phoenix ZEC
Aevo ZEC-PERP
RISEx ZEC/USDC
Extended ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC