Funding you earn now, next payment 23:00 UTC−0.0098%/8h= −10.8% APRpaid last 24h −0.052%
Price spread now: Orderly against Lighter−0.021%7-day average −0.051% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.560%−$56 on $10k
+Price spread, last 3 days (all we have)+0.448%+$45 · spread now −0.021%, 7d avg −0.051%
=Together, before fees−0.113%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.031% dearer against Lighter than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.051%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.560% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,462.6 | 0.0112 | pay 0.0014% / 1h | 37m 49s | $18.9M | $52.5M | 20x |
| Short | Orderly PERP_ZEC_USDC | 1,462.3 | 0.0014 | get 0.0014% / 8h | 1h 37m | $292K | $1.5M | 20x |
Lighter ZEC
Orderly PERP_ZEC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$20.65
- Price spread: −0.021% → −0.051%
- $3.07
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$23.58
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.
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 | 0.18 bp | 0.8 bp −$1 | 2.5 bp −$25 | 8.7 bp −$872 | 59.3 bp −$29.7K |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3310% | 1h | 1,465.8 | +0.215% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0405% | 1h | 1,462 | −0.040% | $17.8M | $44.7M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0245% | 1h | 1,466 | +0.232% | $398K | $520K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0088% | 8h | 1,462.7 | +0.003% | $29.1M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462 | −0.040% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0051% | 8h | 1,459.4 | −0.222% | $270.4M | $673.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,465.3 | +0.182% | $46.6M | $34.0M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,462.6 | +0.001% | $412K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,463 | +0.027% | $885K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,462.2 | −0.029% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,462.8 | +0.014% | $5.2M | — | 150x | as long as short |
| ApeX Omni ZECUSDT | +0.0007% | 1h | 1,466.5 | +0.269% | $431K | $820K | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0079% | 1h | 1,462.7 | +0.010% | $541K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDCshort | +0.0014% | 8h | 1,462.3 | −0.021% | $292K | $1.5M | 20x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0028% | 1h | 1,462.4 | −0.011% | $595K | $1.3M | 25x | as long as short |
| Bulk ZEC-USD | +0.0030% | 1h | 1,466 | +0.233% | $905K | $27K | 10x | as long as short |
| Gate ZEC_USDT | +0.0044% | 8h | 1,460 | −0.177% | $49.8M | $184.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0046% | 8h | 1,460.1 | −0.171% | $175.6M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,462.3 | −0.018% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,468.3 | +0.392% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,462.5 | −0.005% | $14K | $862K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,462 | −0.040% | $173K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,462.3 | −0.018% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,463.3 | +0.046% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,461.1 | −0.106% | $757.2M | $484.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,460 | −0.181% | $15.6M | $33.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,462.8 | +0.011% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,460 | −0.181% | $672.7M | $2.50B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,460.3 | −0.155% | $220.8M | $859.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,460.5 | −0.146% | $102.8M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.2 | −0.165% | $161.5M | $307.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,460.7 | −0.128% | — | $103.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,465.9 | +0.224% | $510K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,464.7 | +0.141% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.4 | +0.191% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,462.3 | −0.021% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,462.3 | −0.023% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,460.9 | −0.119% | $446K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,464.7 | +0.146% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,462.1 | −0.032% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,461.5 | −0.076% | $2.5M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,462.4 | −0.012% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,460.6 | −0.139% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,462.2 | −0.030% | $36K | $367K | 20x | as long as short |
| Lighter ZEClong | +0.0112% | 1h | 1,462.6 | long leg | $18.9M | $52.5M | 20x | |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,462.3 | −0.017% | $841K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0203% | 1h | 1,462.4 | −0.011% | $2.3M | $3.9M | 15x | as long as short |
| Lighter RH ZEC | +0.0368% | 1h | 1,463.2 | +0.040% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,463.5 | +0.064% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,463.6 | +0.070% | $739K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0534% | 1h | 1,465.3 | +0.185% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
ApeX Omni ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Bulk ZEC-USD
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
Katana Perps ZEC-USD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD