Funding you earn now, next payment 04:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.09 per $10,000 · paid last 24h −0.078%
Price spread now: Kraken Futures against Lighter−0.192%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Funding, last 7 days−0.610%−$61 on $10k
+Price spread, last 4 days (all we have)+0.867%+$87 · spread now −0.192%, 7d avg −0.034%
=Together, before fees+0.258%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.157% cheaper against Lighter than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,452.6 | 0.0352 | pay 0.0044% / 1h | 44m 26s | $19.1M | $45.9M | 20x |
| Short | Kraken Futures PF_ZECUSD | 1,449.8 | 0.0278 | get 0.0035% / 1h | 44m 26s | $18.0M | $44.9M | 25x |
Lighter ZEC
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$15.48
- Price spread: −0.192% → −0.034%
- −$15.73
- Slippage, 4 orders
- −$14.37
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$55.57
- Costs to cover
- 0.244%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 9 min ago; Kraken Futures: 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, 9 min ago | 0.89 bp | 1.7 bp −$2 | 3.0 bp −$30 | 12.4 bp −$1,240 | 74.9 bp −$37.5K |
| Sell Kraken Futures live order book, 5 min ago | 2.42 bp | 10.5 bp −$10 | 14.2 bp −$142 | 22.3 bp −$2,231 | 100.5 bp −$50.3K |
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 | −0.3166% | 1h | 1,449.7 | −0.197% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,450.5 | −0.141% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,449.9 | −0.186% | $29.2M | $70.5M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,449.6 | −0.206% | $408K | $40K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,450.3 | −0.157% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.3 | −0.090% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,451.7 | −0.064% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0059% | 8h | 1,452.2 | −0.029% | $291K | $958K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0065% / S −0.0015% | 1h | 1,451.6 | −0.070% | $408K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,451.5 | −0.075% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,451.5 | −0.075% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,450.9 | −0.120% | $11K | $874K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,451.4 | −0.079% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,451.4 | −0.082% | $2.5M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,452.3 | −0.020% | $755.2M | $434.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,451.3 | −0.089% | $14.4M | $27.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,451.3 | −0.087% | $1.6M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,451.9 | −0.045% | $666.4M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,451.9 | −0.049% | $261.6M | $602.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,452.5 | −0.004% | $177.2M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,448.7 | −0.268% | $394K | $444K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,450.7 | −0.130% | $875K | $29K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,451.8 | −0.055% | $49.9M | $172.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,451.8 | −0.057% | $216.1M | $769.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,451.9 | −0.048% | $102.1M | $54.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.3 | −0.022% | $164.9M | $274.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,451.8 | −0.054% | — | $101.1M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,450.8 | −0.123% | $2.5M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,447.3 | −0.362% | $47.4M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,447.5 | −0.352% | $563K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,447.7 | −0.336% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,447.2 | −0.369% | $402K | $920K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451.4 | −0.086% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451.4 | −0.082% | $365K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,451.8 | −0.056% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451 | −0.109% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,453.4 | +0.056% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,449.9 | −0.185% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,449.7 | −0.198% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,449.5 | −0.210% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,451 | −0.107% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,451.8 | −0.052% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,448.9 | −0.254% | $4.6M | $1.3M | 10x | as long as short |
| Kraken Futures PF_ZECUSDshort | +0.0278% | 1h | 1,449.8 | −0.192% | $18.0M | $44.9M | 25x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0338% | 1h | 1,450.8 | −0.123% | $609K | $1.3M | 25x | as long as short |
| Lighter ZEClong | +0.0352% | 1h | 1,452.6 | long leg | $19.1M | $45.9M | 20x | |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,451.6 | −0.070% | $921K | $1.1M | 10x | as long as short |
| Lighter RH ZEC | +0.0440% | 1h | 1,452.6 | −0.003% | $2.0M | $6.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,452.4 | −0.015% | $3.8M | $9.0M | 50x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,450.8 | −0.125% | $738K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0667% | 1h | 1,449.8 | −0.192% | $44K | $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-USDT
Backpack ZEC_USDC_PERP
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
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD