Funding you earn now, next payment 22:00 UTC−0.0636%/8h= −69.6% APRnext payment −$0.80 per $10,000 · paid last 24h −0.010%
Price spread now: Backpack against Lighter RH−0.190%7-day average +0.323% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Funding, last 7 days−0.414%−$41 on $10k
+Price spread, last 7 days−0.701%−$70 · spread now −0.190%, 7d avg +0.323%
=Together, before fees−1.115%+ Points / potential airdropLighter RH: Points live · farm board−$112 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Backpack is 0.514% cheaper against Lighter RH than usual: you would sell low and buy high (−$51 if the spread goes back to its 7-day average of +0.323%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.414% in total (about -21.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.80 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ZEC | 1,455.2 | 0.0736 | pay 0.0092% / 1h | 44m 52s | $1.9M | $8.4M | 10x |
| Short | Backpack ZEC_USDC_PERP | 1,452.4 | 0.0100 | get 0.0013% / 1h | 44m 52s | $2.3M | $4.1M | 15x |
Lighter RH ZEC
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter RH. 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
- −$133.56
- Price spread: −0.190% → +0.323%
- −$51.38
- Slippage, 4 orders
- −$7.45
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$202.39
- Costs to cover
- 0.174%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 4 min ago; Backpack: live order book, 4 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 RH live order book, 4 min ago | 1.72 bp | 2.8 bp −$3 | 7.8 bp −$78 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.03 bp | 6.5 bp −$7 | 29.3 bp −$293 | doesn't fit | doesn't fit |
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 | 1,437.8 | −1.193% | $33K | $275K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,451.9 | −0.227% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,451.8 | −0.229% | $17.6M | $44.3M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0066% | 8h | 1,451.8 | −0.230% | $28.9M | $74.9M | 75x | as long as short |
| Variational Omni ZEC | −0.0019% | 8h | 1,451.4 | −0.260% | $45.7M | $32.0M | — | as long as short |
| Bybit ZECUSDT | −0.0008% | 8h | 1,451.8 | −0.230% | $268.8M | $675.1M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,451.8 | −0.231% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,451.9 | −0.223% | $845K | $5.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.3 | −0.268% | $82K | $401K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,451.9 | −0.228% | $5.1M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Variational Omni ZEC
Bybit ZECUSDT
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 | +0.0010% | 8h | 1,452.6 | −0.178% | $291K | $1.5M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0025% | 1h | 1,453.2 | −0.135% | $566K | $1.3M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0036% / S +0.0066% | 1h | 1,451.7 | −0.241% | $543K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0043% | 8h | 1,452.6 | −0.179% | $171.8M | $1.36B | 50x | as long as short |
| Aster ZECUSDT | +0.0061% | 8h | 1,451.9 | −0.221% | $15.3M | $35.1M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,451.6 | −0.244% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0065% | 8h | 1,452.4 | −0.192% | $49.1M | $185.7M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0082% | 1h | 1,452.8 | −0.163% | $394K | $518K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,452 | −0.218% | $17K | $878K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,453.6 | −0.105% | $18.7M | $53.9M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,451.5 | −0.254% | $177K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,451.6 | −0.248% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,451.8 | −0.235% | $3.0M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,453.4 | −0.122% | $751.6M | $495.1M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,451.6 | −0.245% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,452.6 | −0.175% | $658.7M | $2.53B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,455 | −0.014% | $896K | $37K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,452.7 | −0.170% | $219.4M | $883.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.5 | −0.182% | $103.7M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.5 | −0.181% | $161.8M | $314.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,451.4 | −0.259% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0100% | 1h | 1,452.4 | −0.190% | $2.3M | $4.1M | 15x | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.5 | −0.112% | $487K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.3 | −0.198% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.2 | −0.202% | $706K | $606K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.4 | −0.190% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451.2 | −0.273% | $298K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,451.6 | −0.246% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451.3 | −0.268% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,454.4 | −0.056% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452.1 | −0.214% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.5 | −0.183% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,451.6 | −0.245% | $3.7M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.8 | −0.160% | $4.6M | $1.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452.7 | −0.169% | $36K | $362K | 20x | as long as short |
| Extended ZEC-USD | +0.0192% | 1h | 1,452.6 | −0.179% | $3.3M | $7.0M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,452.1 | −0.213% | $862K | $2.5M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,454.1 | −0.073% | $3.7M | $11.5M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0451% | 1h | 1,453.2 | −0.135% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,454.1 | −0.071% | $754K | $7.8M | 10x | as long as short |
| Lighter RH ZEClong | +0.0736% | 1h | 1,455.2 | long leg | $1.9M | $8.4M | 10x |
Orderly PERP_ZEC_USDC
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Aster ZECUSDT
01 Exchange ZECUSD
Gate ZEC_USDT
Ondo Perps ZEC-USD.P
Katana Perps ZEC-USD
Lighter ZEC
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-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
Phoenix ZEC
Aevo ZEC-PERP
Extended ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD