Funding you earn now, next payment 07:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.046%
Price spread now: Binance against Lighter RH−0.106%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$180.178% of the position
Funding, last 7 days−0.319%−$32 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now −0.106%, 7d avg −0.071%
=Together, before fees−0.227%+ Points / potential airdropLighter RH: Points live · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.035% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.071%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ZEC | 1,476.4 | 0.0264 | pay 0.0033% / 1h | 35m 38s | $2.1M | $7.4M | 10x |
| Short | Binance ZECUSDT | 1,474.9 | 0.0100 | get 0.0100% / 8h | 1h 35m | $687.4M | $2.30B | 75x |
Lighter RH ZEC
Binance ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$34.44
- Price spread: −0.106% → −0.071%
- −$3.48
- Slippage, 4 orders
- −$7.83
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$55.76
- Costs to cover
- 0.178%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; Binance: live order book, 8 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, 3 min ago | 2.13 bp | 2.2 bp −$2 | 5.1 bp −$51 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.03 bp | 5.0 bp −$5 | 5.9 bp −$59 | 13.8 bp −$1,385 | 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 | −0.3684% | 1h | 1,477.1 | +0.047% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0125% | 8h | 1,476.2 | −0.012% | $30.4M | $73.6M | 75x | as long as short |
| Bulk ZEC-USD | −0.0118% | 1h | 1,480.8 | +0.298% | $895K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0097% | 1h | 1,474.5 | −0.129% | $17.8M | $47.1M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,476.4 | −0.001% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,475 | −0.093% | $410K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,475.6 | −0.054% | $1.5M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,474.1 | −0.159% | $64K | $301K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,474.7 | −0.115% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0076% | 8h | 1,474.5 | −0.132% | $297K | $1.1M | 20x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Bulk ZEC-USD
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,475 | −0.100% | $161K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,474.4 | −0.136% | $13K | $866K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,475 | −0.099% | $2.7M | $7.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474.3 | −0.142% | $13.8M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,475.1 | −0.090% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDTshort | +0.0100% | 8h | 1,474.9 | −0.106% | $687.4M | $2.30B | 75x | |
| Bybit ZECUSDT | +0.0100% | 8h | 1,474.7 | −0.119% | $265.1M | $631.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,474.8 | −0.112% | $178.6M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,472.5 | −0.266% | $403K | $507K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,474.8 | −0.110% | $54.0M | $182.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.9 | −0.106% | $232.7M | $781.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,475.1 | −0.092% | $100.9M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.9 | −0.102% | $158.7M | $288.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,474.5 | −0.128% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,475.1 | −0.087% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,474.2 | −0.153% | $48.1M | $34.1M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,479 | +0.173% | $565K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,484.3 | +0.535% | $3.0M | $488K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,485 | +0.584% | $409K | $934K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.7 | +0.018% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,474.2 | −0.150% | $356K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,474.8 | −0.110% | $162K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473.4 | −0.205% | $450K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,477 | +0.039% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474.8 | −0.112% | $251K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,475.8 | −0.039% | $2.6M | $19.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,475 | −0.093% | $3.9M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,475 | −0.094% | $61K | $43K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.7 | −0.120% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474.6 | −0.124% | $42K | $152K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0128% / S −0.0120% | 1h | 1,474.4 | −0.137% | $427K | — | 100x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,474.7 | −0.115% | $922K | $1.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0129% | 1h | 1,479.5 | +0.211% | $47K | $64K | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,478.6 | +0.149% | $4.7M | $1.4M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0144% | 1h | 1,475.5 | −0.063% | $8K | $7K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0178% | 1h | 1,475.2 | −0.081% | $674K | $1.4M | 25x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,476.9 | +0.034% | $640K | $8.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0226% | 1h | 1,476.4 | −0.001% | $766.6M | $441.5M | 10x | as long as short |
| Lighter RH ZEClong | +0.0264% | 1h | 1,476.4 | long leg | $2.1M | $7.4M | 10x | |
| Lighter ZEC | +0.0288% | 1h | 1,476.5 | +0.005% | $19.4M | $45.7M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,476.9 | +0.035% | $3.6M | $10.0M | 50x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Paradex ZEC-USD-PERP
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
RISEx ZEC/USDC
Aftermath Perps ZECUSD
Phoenix ZEC
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Hyperliquid ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX