Funding you earn now, next payment 00:55 UTC−0.0256%/8h= −28.0% APRpaid last 24h −0.053%
Price spread now: Perpl against Lighter−0.034%7-day average −0.099% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.380%−$38 on $10k
+Price spread, last 4 days (all we have)+1.799%+$180 · spread now −0.034%, 7d avg −0.099%
=Together, before fees+1.419%+ Points / potential airdropLighter: Season 3 · Perpl: Active · farm board+$142 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.065% dearer against Lighter than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.099%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,476.5 | 0.0256 | pay 0.0032% / 1h | 28m 48s | $19.3M | $48.1M | 20x |
| Short | Perpl ZEC | 1,476 | 0 | get 0.0000% / 43m | 33m 48s | $84K | $254K | 10x |
Lighter ZEC
Perpl ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$53.76
- Price spread: −0.034% → −0.099%
- $6.53
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$61.03
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; Perpl: 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, 5 min ago | 1.04 bp | 1.3 bp −$1 | 2.2 bp −$22 | 7.3 bp −$730 | 61.9 bp −$31.0K |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 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 | 1,477.1 | +0.043% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,478.6 | +0.142% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0006% | 1h | 1,473.7 | −0.189% | $400K | $518K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,474 | −0.171% | $18.1M | $43.6M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,474.7 | −0.122% | $415K | $55K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,476.9 | +0.028% | $977K | $5.0M | 2.2x | as long as short |
| Perpl ZECshort | 0.0000% | 43m | 1,476 | −0.034% | $84K | $254K | 10x | |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.1 | −0.159% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0028% | 8h | 1,474 | −0.168% | $294K | $1.1M | 20x | as long as short |
| Variational Omni ZEC | +0.0040% | 8h | 1,476.4 | −0.007% | $48.0M | $33.0M | — | 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
gTrade (Gains Network) ZEC/USD
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 | 1,474.3 | −0.146% | $386K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,476.6 | +0.005% | $8K | $9K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,478.2 | +0.118% | $4.7M | $1.5M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0095% | 8h | 1,475.7 | −0.054% | $181.2M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,476.3 | −0.013% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,476.2 | −0.017% | $16K | $840K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,475.9 | −0.037% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,476.6 | +0.008% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.5 | −0.067% | $767.9M | $445.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,475.1 | −0.093% | $14.9M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,475.4 | −0.073% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,475.7 | −0.056% | $681.6M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,475.6 | −0.057% | $272.1M | $620.4M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.406% | $893K | $19K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,474.5 | −0.133% | $50.2M | $175.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,475.8 | −0.044% | $216.1M | $799.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474.6 | −0.125% | $103.7M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.8 | −0.114% | $163.8M | $284.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,474.6 | −0.130% | — | $101.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,476.8 | +0.018% | $575K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473 | −0.236% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.9 | +0.025% | $429K | $907K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,478 | +0.105% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,476 | −0.033% | $340K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.4 | −0.139% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.6 | −0.261% | $458K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,478.3 | +0.124% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474 | −0.166% | $243K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,475 | −0.101% | $2.5M | $19.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,474.1 | −0.163% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.8 | −0.111% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.1 | −0.162% | $48K | $162K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0136% | 1h | 1,474.8 | −0.116% | $614K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,477 | +0.038% | $687K | $8.7M | 10x | as long as short |
| Lighter ZEClong | +0.0256% | 1h | 1,476.5 | long leg | $19.3M | $48.1M | 20x | |
| Lighter RH ZEC | +0.0304% | 1h | 1,476.5 | 0.000% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,477.2 | +0.050% | $869K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,475.9 | −0.037% | $3.6M | $9.5M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0512% | 1h | 1,474 | −0.168% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0725% | 1h | 1,475 | −0.104% | $44K | $46K | 10x | as long as short |
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
Phoenix ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
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-USDT
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