Funding you earn now, next payment 22:00 UTC−0.0572%/8h= −62.6% APRnext payment −$0.71 per $10,000 · paid last 24h −0.039%
Price spread now: Bulk against Lighter RH−0.642%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$100.096% of the position
Funding, last 3 days (all we have)−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)+0.657%+$66 · spread now −0.642%, 7d avg −0.089%
=Together, before fees+0.583%+ Points / potential airdropLighter RH: Points live · farm board+$58 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bulk is 0.553% cheaper against Lighter RH than usual: you would sell low and buy high (−$55 if the spread goes back to its 7-day average of −0.089%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.074% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.71 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 | 1,454.4 | 0.0672 | pay 0.0084% / 1h | 30m 09s | $1.9M | $8.5M | 10x |
| Short | Bulk ZEC-USD | 1,445 | 0.0100 | get 0.0013% / 1h | 30m 09s | $890K | $32K | 10x |
Lighter RH ZEC
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$120.12
- Price spread: −0.642% → −0.089%
- −$55.32
- Slippage, 4 orders
- −$2.65
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$185.09
- Costs to cover
- 0.096%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 4 min ago; Bulk: live order book, 59 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 | 1.14 bp | 1.3 bp −$1 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 59 min ago | 0.07 bp | 3.6 bp −$4 | 3.9 bp −$39 | 8.6 bp −$858 | 18.5 bp −$9,234 |
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 | 1,433.1 | −1.458% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0092% | 8h | 1,445.6 | −0.602% | $28.8M | $74.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,444.6 | −0.674% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,451.9 | −0.171% | $17.7M | $44.7M | 25x | as long as short |
| Variational Omni ZEC | −0.0001% | 8h | 1,443 | −0.778% | $45.4M | $32.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,448.6 | −0.395% | $408K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,449.2 | −0.357% | $907K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,449.7 | −0.319% | $82K | $401K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,451.1 | −0.225% | $5.1M | — | 150x | as long as short |
| Bybit ZECUSDT | +0.0008% | 8h | 1,453.3 | −0.072% | $267.7M | $675.4M | 75x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Bybit ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,451.5 | −0.198% | $291K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0027% / S +0.0071% | 1h | 1,450.8 | −0.245% | $545K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0056% | 8h | 1,454 | −0.024% | $172.4M | $1.36B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,449.7 | −0.320% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0074% | 8h | 1,453.2 | −0.078% | $49.6M | $189.2M | 75x | as long as short |
| Aster ZECUSDT | +0.0078% | 8h | 1,451.9 | −0.167% | $15.3M | $34.6M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,448.9 | −0.372% | $13K | $873K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,453.4 | −0.063% | $18.7M | $54.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,449.5 | −0.336% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,449.4 | −0.339% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,450.5 | −0.265% | $2.4M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,453.9 | −0.031% | $751.3M | $495.5M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,448.5 | −0.401% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,453.8 | −0.039% | $662.7M | $2.53B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,441.6 | −0.877% | $392K | $516K | 5x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,445 | −0.642% | $890K | $32K | 10x | |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,452.3 | −0.139% | $215.5M | $892.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.6 | −0.120% | $103.3M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.3 | −0.071% | $160.9M | $313.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,452.2 | −0.148% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,453.9 | −0.032% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,445.3 | −0.622% | $485K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,448.7 | −0.390% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,445.1 | −0.639% | $703K | $607K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,444.4 | −0.686% | $108K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,449.7 | −0.320% | $349K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,450.6 | −0.255% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,450.1 | −0.293% | $441K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,452 | −0.163% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,451.9 | −0.169% | $220K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,451 | −0.230% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,452.4 | −0.133% | $3.7M | $5.3M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,445.9 | −0.580% | $4.5M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,451.9 | −0.171% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,451.6 | −0.190% | $36K | $362K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0187% | 1h | 1,452.6 | −0.119% | $591K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,450 | −0.303% | $865K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,453.2 | −0.083% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0455% | 1h | 1,448.9 | −0.375% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,451.2 | −0.213% | $766K | $7.9M | 10x | as long as short |
| Lighter RH ZEClong | +0.0672% | 1h | 1,454.4 | long leg | $1.9M | $8.5M | 10x |
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
Aster ZECUSDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Ondo Perps ZEC-USD.P
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
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
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD