Funding you earn now, next payment 22:00 UTC−0.0689%/8h= −75.5% APRpaid last 24h −0.021%
Price spread now: Variational Omni against Lighter RH+0.116%7-day average −0.096% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.038%−$4 on $10k
+Price spread, last 7 days−0.132%−$13 · spread now +0.116%, 7d avg −0.096%
=Together, before fees−0.171%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.212% dearer against Lighter RH than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of −0.096%): +$21 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 3 days (−0.038% in total) that is about 18 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.038% in total (about -4.3% a year). A funding rate is set anew for every payment. 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 | 1,447.4 | 0.0680 | pay 0.0085% / 1h | 31m 15s | $1.9M | $8.5M | 10x |
| Short | Variational Omni ZEC | 1,449.1 | −0.0009 | pay 0.0009% / 8h | 2h 31m | $45.6M | $32.2M | — |
Lighter RH ZEC
Variational Omni ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$144.73
- Price spread: +0.116% → −0.096%
- $21.21
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$123.52
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. 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 | 1.14 bp | 1.3 bp −$1 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 2.76 bp | doesn't fit | 8.8 bp −$88 | 16.3 bp −$1,630 | 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 | 1,433.1 | −0.987% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0092% | 8h | 1,445.6 | −0.126% | $28.8M | $74.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,444.6 | −0.198% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0072% | 1h | 1,445.1 | −0.160% | $17.6M | $44.5M | 25x | as long as short |
| Variational Omni ZECshort | −0.0009% | 8h | 1,449.1 | +0.116% | $45.6M | $32.2M | — | |
| dYdX ZEC-USD | 0.0000% | 1h | 1,445.1 | −0.158% | $407K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,444.6 | −0.198% | $907K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,443.3 | −0.288% | $82K | $401K | 10x | as long as short |
| Bybit ZECUSDT | +0.0006% | 8h | 1,445.4 | −0.142% | $266.4M | $674.9M | 75x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,444.4 | −0.209% | $5.1M | — | 150x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Bybit ZECUSDT
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | +0.0009% | 1h | 1,445.8 | −0.115% | $588K | $1.3M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,444.8 | −0.183% | $290K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0028% / S +0.0071% | 1h | 1,444 | −0.235% | $542K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0055% | 8h | 1,446.2 | −0.087% | $171.1M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0071% | 8h | 1,446 | −0.099% | $49.5M | $189.0M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,444.2 | −0.224% | $7K | $8K | 5x | as long as short |
| Aster ZECUSDT | +0.0075% | 8h | 1,444.3 | −0.215% | $15.2M | $34.6M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,443.8 | −0.251% | $13K | $873K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,446.8 | −0.044% | $18.7M | $54.4M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,444.2 | −0.220% | $172K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,444.1 | −0.232% | $59K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,444.5 | −0.202% | $2.4M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,446.7 | −0.050% | $747.1M | $494.5M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,444.3 | −0.218% | $1.6M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,445.9 | −0.106% | $659.1M | $2.53B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,442.7 | −0.326% | $392K | $516K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,445 | −0.167% | $890K | $32K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,445.7 | −0.122% | $214.1M | $892.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,445 | −0.168% | $102.5M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,446 | −0.096% | $160.0M | $312.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,445.1 | −0.158% | — | $6.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,446.6 | −0.059% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,445.3 | −0.147% | $485K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,448.7 | +0.087% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,445.1 | −0.163% | $703K | $607K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,445.2 | −0.151% | $108K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,443.4 | −0.278% | $347K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,444 | −0.239% | $126K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,443.3 | −0.282% | $439K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,445.7 | −0.118% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,445.4 | −0.140% | $219K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,445.1 | −0.160% | $2.3M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,445.5 | −0.132% | $3.7M | $5.3M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,445.9 | −0.104% | $4.5M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,445.6 | −0.125% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,444.9 | −0.175% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,444.7 | −0.191% | $862K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,447.1 | −0.019% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0445% | 1h | 1,448.2 | +0.057% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,446.6 | −0.059% | $767K | $7.9M | 10x | as long as short |
| Lighter RH ZEClong | +0.0680% | 1h | 1,447.4 | long leg | $1.9M | $8.5M | 10x |
Deribit ZEC_USDC-PERPETUAL
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
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
Bulk ZEC-USD
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
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD