Funding you earn now, next payment 02:00 UTC−0.0258%/8h= −28.2% APRnext payment −$0.32 per $10,000 · paid last 24h −0.051%
Price spread now: gTrade (Gains Network) against Lighter−0.122%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$279as in the Price arb table
costs, in and out, $10k−$2722.719% of the position
Funding, last 3 days (all we have)−0.255%−$26 on $10k
+Price spread, last 3 days (all we have)+0.348%+$35 · spread now −0.122%, 7d avg −0.056%
=Together, before fees+0.093%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and gTrade (Gains Network) is 0.066% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,474 | 0.0264 | pay 0.0033% / 1h | 23m 21s | $19.3M | $48.2M | 20x |
| Short | gTrade (Gains Network) ZEC/USD | 1,472.2 | L +0.0007% / S −0.0006% | get 0.0001% / 1h | 23m 21s | $5.2M | — | 150x |
Lighter ZEC
gTrade (Gains Network) ZEC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$54.12
- Price spread: −0.122% → −0.056%
- −$6.6
- Slippage, 4 orders
- −$261.94
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$332.65
- Costs to cover
- 2.719%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 1 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, 6 min ago | 0.46 bp | 1.4 bp −$1 | 3.7 bp −$37 | 20.4 bp −$2,042 | 90.9 bp −$45.4K |
| Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago | 130.02 bp | 135.0 bp −$135 | 584.7 bp −$5,847 | doesn't fit | doesn't fit |
ZEC on 50 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 | −0.3678% | 1h | 1,459.3 | −0.996% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.6 | −0.091% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0029% | 1h | 1,471.4 | −0.174% | $400K | $517K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,472.8 | −0.081% | $18.1M | $43.8M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.2 | −0.049% | $415K | $54K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,474.2 | +0.013% | $974K | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.5 | −0.102% | $84K | $254K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USDshort | L +0.0007% / S −0.0006% | 1h | 1,472.2 | −0.122% | $5.2M | — | 150x | |
| Orderly PERP_ZEC_USDC | +0.0028% | 8h | 1,472.2 | −0.122% | $294K | $1.0M | 20x | as long as short |
| Variational Omni ZEC | +0.0048% | 8h | 1,474.4 | +0.031% | $48.1M | $32.8M | — | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Orderly PERP_ZEC_USDC
Variational Omni ZECShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,472.2 | −0.119% | $385K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,476.1 | +0.146% | $4.7M | $1.5M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,472.7 | −0.088% | $8K | $9K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.4 | −0.109% | $173K | $1.8M | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0097% | 8h | 1,472.2 | −0.121% | $181.3M | $1.27B | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,472.2 | −0.118% | $14K | $842K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.4 | −0.107% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.9 | −0.069% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.2 | −0.052% | $766.9M | $442.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472 | −0.132% | $14.8M | $30.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.8 | −0.082% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.3 | −0.114% | $680.5M | $2.32B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,472.1 | −0.128% | $271.4M | $617.3M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,476.6 | +0.177% | $896K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,472 | −0.135% | $50.3M | $175.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.3 | −0.116% | $215.8M | $800.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.2 | −0.120% | $103.4M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.4 | −0.106% | $163.6M | $283.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,472.1 | −0.126% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,475.3 | +0.092% | $575K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473.8 | −0.014% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.6 | +0.040% | $429K | $898K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.1 | −0.056% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.1 | −0.126% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.3 | −0.115% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.7 | −0.221% | $457K | $511K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.2 | +0.019% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.2 | −0.117% | $243K | $3.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,472.9 | −0.072% | $2.5M | $18.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.3 | −0.046% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.2 | −0.120% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.3 | −0.112% | $48K | $162K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0214% | 1h | 1,473 | −0.068% | $613K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,474.1 | +0.007% | $690K | $8.6M | 10x | as long as short |
| Lighter ZEClong | +0.0264% | 1h | 1,474 | long leg | $19.3M | $48.2M | 20x | |
| Lighter RH ZEC | +0.0280% | 1h | 1,474.5 | +0.033% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,473.1 | −0.058% | $865K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,473.6 | −0.026% | $3.6M | $9.4M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0492% | 1h | 1,473.4 | −0.039% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0737% | 1h | 1,474.1 | +0.009% | $44K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
01 Exchange ZECUSD
Popdex ZECUSDT
OKX ZEC-USDT-SWAP
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD