Funding you earn now, next payment 01:00 UTC+0.0828%/8h= +90.7% APRnext payment +$1.03 per $10,000 · paid last 24h +0.048%
Price spread now: Lighter RH against Ondo Perps+0.271%7-day average +0.122% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.271%, 7d avg +0.122%
=Together, before fees−0.149%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Lighter RH is 0.149% dearer against Ondo Perps than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.122%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.03 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 | Ondo Perps ZEC-USD.P | 1,467.7 | −0.0116 | get 0.0015% / 1h | 7m 49s | $398K | $517K | 5x |
| Short | Lighter RH ZEC | 1,471.7 | 0.0712 | get 0.0089% / 1h | 7m 49s | $2.0M | $8.3M | 10x |
Ondo Perps ZEC-USD.P
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Ondo Perps. 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
- $173.88
- Price spread: +0.271% → +0.122%
- $14.91
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $183.79
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 6 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 6 min ago | 1.77 bp | 2.5 bp −$3 | 7.0 bp −$70 | doesn't fit | doesn't fit |
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 | −0.3321% | 1h | 1,468 | +0.020% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,469.7 | +0.137% | $17.9M | $43.0M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0116% | 8h | 1,469.5 | +0.125% | $29.7M | $72.4M | 75x | as long as short |
| Ondo Perps ZEC-USD.Plong | −0.0116% | 1h | 1,467.7 | long leg | $398K | $517K | 5x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.6 | +0.128% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0021% | 8h | 1,466.4 | −0.091% | $47.6M | $33.6M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469 | +0.086% | $414K | $103K | 5x | as long as short |
| 01 Exchange ZECUSD | 0.0000% | 1h | 1,470.6 | +0.196% | $8K | $9K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469 | +0.085% | $960K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,470.1 | +0.165% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
01 Exchange ZECUSD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,469.3 | +0.110% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0021% | 8h | 1,469.3 | +0.111% | $293K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,469.7 | +0.136% | $4.6M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,469.5 | +0.125% | $378K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0065% | 8h | 1,471.1 | +0.228% | $181.7M | $1.29B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.2 | +0.172% | $173K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,469.7 | +0.136% | $12K | $847K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470.1 | +0.164% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470.5 | +0.189% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472 | +0.293% | $766.5M | $450.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.7 | +0.202% | $14.9M | $31.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.1 | +0.164% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.2 | +0.239% | $683.8M | $2.36B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,471.3 | +0.246% | $273.6M | $628.7M | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471.4 | +0.252% | $695K | $8.6M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,465.9 | −0.124% | $892K | $22K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,471.2 | +0.240% | $50.3M | $181.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.3 | +0.242% | $219.4M | $831.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,471.3 | +0.246% | $104.6M | $55.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.4 | +0.251% | $163.7M | $290.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,471.4 | +0.255% | — | $100.1M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,466.3 | −0.093% | $571K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,467.2 | −0.031% | $3.0M | $447K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,466.9 | −0.057% | $427K | $880K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,469.2 | +0.099% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470 | +0.157% | $341K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,469.5 | +0.126% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,467.8 | +0.006% | $457K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.5 | +0.324% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.6 | +0.128% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,468.3 | +0.041% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.2 | +0.169% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,471.2 | +0.239% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,469.2 | +0.104% | $55K | $161K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0189% | 1h | 1,470.1 | +0.166% | $605K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,470.9 | +0.221% | $854K | $1.0M | 10x | as long as short |
| Lighter ZEC | +0.0240% | 1h | 1,471.7 | +0.269% | $19.2M | $50.6M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,472 | +0.296% | $3.7M | $9.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0511% | 1h | 1,471.2 | +0.236% | $2.5M | $3.9M | 15x | as long as short |
| Lighter RH ZECshort | +0.0712% | 1h | 1,471.7 | +0.271% | $2.0M | $8.3M | 10x | |
| Aftermath Perps ZECUSD | +0.0758% | 1h | 1,468.7 | +0.070% | $43K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD