Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.037%
Price spread now: Derive against Lighter RH−0.137%7-day average −0.147% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.137%, 7d avg −0.147%
=Together, before fees+0.063%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.147%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ZEC | 1,505.1 | 0.0136 | pay 0.0017% / 1h | 41m 56s | $2.1M | $7.4M | 10x |
| Short | Derive ZEC-PERP | 1,503 | 0.0100 | get 0.0013% / 1h | 41m 56s | $459K | $500K | 6.7x |
Lighter RH ZEC
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- −$7.56
- Price spread: −0.137% → −0.147%
- $1
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$12.56
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 2 min ago; Derive: 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 RH live order book, 2 min ago | 2.26 bp | 3.4 bp −$3 | 5.6 bp −$56 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | −0.3442% | 1h | 1,495.7 | −0.622% | $37K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,502 | −0.202% | $62K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0174% | 8h | 1,505.7 | +0.046% | $31.0M | $75.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,502.2 | −0.187% | $6K | $1K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0066% | 1h | 1,500.3 | −0.316% | $48K | $59K | 10x | as long as short |
| Bulk ZEC-USD | −0.0053% | 1h | 1,497 | −0.533% | $904K | $2K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,504.2 | −0.058% | $418K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,503.5 | −0.103% | $1.5M | $4.4M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,503.6 | −0.094% | $5.3M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,503.7 | −0.088% | $18.1M | $46.7M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Aftermath Perps ZECUSD
Bulk ZEC-USD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | +0.0078% | 1h | 1,504 | −0.070% | $687K | $1.4M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,503.1 | −0.128% | $303K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,502.4 | −0.175% | $4.8M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,503.8 | −0.082% | $175K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,504.6 | −0.031% | $14K | $878K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,503.7 | −0.090% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,504 | −0.072% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,505.3 | +0.017% | $786.7M | $445.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,504 | −0.071% | $14.1M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,504 | −0.070% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,504.3 | −0.047% | $703.8M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,503.8 | −0.083% | $270.9M | $623.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,504.2 | −0.059% | $183.5M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,502.8 | −0.149% | $410K | $563K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,503.5 | −0.104% | $56.2M | $183.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,504.4 | −0.044% | $239.6M | $792.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,504.5 | −0.039% | $103.6M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,504.5 | −0.037% | $162.5M | $289.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,503 | −0.137% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,501.5 | −0.235% | $49.0M | $34.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,499.2 | −0.388% | $574K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,500.8 | −0.280% | $3.1M | $507K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,499.8 | −0.350% | $413K | $945K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,504.9 | −0.012% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,503.8 | −0.083% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,503.7 | −0.087% | $165K | $184K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,503 | −0.137% | $459K | $500K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,506 | +0.063% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,503.4 | −0.112% | $254K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,502.5 | −0.171% | $2.7M | $20.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,503.8 | −0.086% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,504.5 | −0.036% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,503.3 | −0.116% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,504.3 | −0.047% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,504 | −0.069% | $946K | $1.1M | 10x | as long as short |
| Lighter RH ZEClong | +0.0136% | 1h | 1,505.1 | long leg | $2.1M | $7.4M | 10x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0160% / S −0.0197% | 1h | 1,503.4 | −0.108% | $437K | — | 100x | as long as short |
| Lighter ZEC | +0.0224% | 1h | 1,504.9 | −0.009% | $19.8M | $45.2M | 20x | as long as short |
| Arcus ZEC-USD | +0.0403% | 1h | 1,504.7 | −0.025% | $606K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,505.4 | +0.024% | $3.7M | $10.2M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0535% | 1h | 1,504.6 | −0.033% | $2.4M | $3.9M | 15x | as long as short |
Deribit ZEC_USDC-PERPETUAL
Orderly PERP_ZEC_USDC
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP