Funding you earn now, next payment 03:00 UTC−0.0260%/8h= −28.5% APRnext payment −$0.32 per $10,000 · paid last 24h −0.059%
Price spread now: Ondo Perps against Lighter RH−0.413%7-day average −0.125% · 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)+0.355%+$36 · spread now −0.413%, 7d avg −0.125%
=Together, before fees+0.273%+ Points / potential airdropLighter RH: Points live · Ondo Perps: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Ondo Perps is 0.288% cheaper against Lighter RH than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.125%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 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 | 1,458.4 | 0.0360 | pay 0.0045% / 1h | 31m 14s | $2.0M | $6.9M | 10x |
| Short | Ondo Perps ZEC-USD.P | 1,452.4 | 0.0100 | get 0.0013% / 1h | 31m 14s | $396K | $432K | 5x |
Lighter RH ZEC
Ondo Perps ZEC-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$54.6
- Price spread: −0.413% → −0.125%
- −$28.84
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$88.44
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 2 min ago; Ondo Perps: 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 | 1.17 bp | 2.6 bp −$3 | 5.2 bp −$52 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | −0.3244% | 1h | 1,438.9 | −1.336% | $33K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0081% | 8h | 1,456.9 | −0.108% | $29.3M | $71.0M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,453.5 | −0.341% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,452.7 | −0.392% | $409K | $44K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,455 | −0.234% | $1.4M | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,454.3 | −0.285% | $83K | $248K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,454.9 | −0.245% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0043% | 8h | 1,456.9 | −0.108% | $291K | $979K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0061% / S −0.0011% | 1h | 1,454.7 | −0.258% | $408K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,453.2 | −0.357% | $4.6M | $1.4M | 10x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,454.2 | −0.288% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,453.2 | −0.357% | $14K | $853K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,454.2 | −0.289% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.3 | −0.352% | $2.5M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,455.2 | −0.219% | $756.2M | $434.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,454.5 | −0.269% | $14.4M | $28.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.9 | −0.312% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,456.9 | −0.102% | $667.3M | $2.26B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,456.5 | −0.135% | $266.5M | $611.3M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,456.9 | −0.103% | $179.3M | $1.24B | 50x | as long as short |
| Ondo Perps ZEC-USD.Pshort | +0.0100% | 1h | 1,452.4 | −0.413% | $396K | $432K | 5x | |
| Bulk ZEC-USD | +0.0100% | 1h | 1,451.2 | −0.494% | $879K | $21K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,455.5 | −0.204% | $49.6M | $173.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,457 | −0.099% | $214.1M | $775.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,456.7 | −0.116% | $102.4M | $56.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,456.9 | −0.103% | $162.0M | $278.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,454.9 | −0.245% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,453 | −0.372% | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,448.7 | −0.666% | $46.8M | $32.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,453.2 | −0.361% | $565K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,453.1 | −0.368% | $3.0M | $419K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.9 | −0.378% | $408K | $905K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,453.7 | −0.322% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,455.2 | −0.221% | $325K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,454.9 | −0.244% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,455.6 | −0.195% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.9 | −0.106% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457 | −0.099% | $241K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,456.2 | −0.154% | $2.6M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,456.9 | −0.104% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,456.6 | −0.123% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,456.7 | −0.121% | $47K | $156K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,454.4 | −0.274% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,457 | −0.098% | $18.0M | $44.7M | 25x | as long as short |
| Lighter ZEC | +0.0208% | 1h | 1,458.3 | −0.009% | $19.1M | $46.5M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,455.8 | −0.182% | $717K | $8.5M | 10x | as long as short |
| Lighter RH ZEClong | +0.0360% | 1h | 1,458.4 | long leg | $2.0M | $6.9M | 10x | |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,454.7 | −0.259% | $830K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,459 | +0.041% | $3.7M | $9.1M | 50x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0594% | 1h | 1,458 | −0.028% | $613K | $1.3M | 25x | as long as short |
| Aftermath Perps ZECUSD | +0.0703% | 1h | 1,454.2 | −0.290% | $43K | $46K | 10x | as long as short |
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
Bulk ZEC-USD
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
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Deribit ZEC_USDC-PERPETUAL
Aftermath Perps ZECUSD