Funding you earn now, next payment 01:38 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.045%
Price spread now: Lighter against Perpl−0.021%7-day average +0.100% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.381%+$38 on $10k
+Price spread, last 4 days (all we have)−0.801%−$80 · spread now −0.021%, 7d avg +0.100%
=Together, before fees−0.420%+ Points / potential airdropPerpl: Active · Lighter: Season 3 · farm board−$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.122% cheaper against Perpl than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.100%). If the spread goes back, that is −$12 on $10k: about 47 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl ZEC | 1,456.2 | 0 | get 0.0000% / 43m | 29m 16s | $83K | $249K | 10x |
| Short | Lighter ZEC | 1,455.9 | 0.0208 | get 0.0026% / 1h | 41m 16s | $19.1M | $46.1M | 20x |
Perpl ZEC
Lighter ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Perpl. 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
- $43.68
- Price spread: −0.021% → +0.100%
- −$12.16
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $17.72
- Costs to cover
- 0.138%
- Break-even
- 4.2 days
Slippage unknown: Perpl: no order-book sample; Lighter: live order book, 8 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 8 min ago | 1.13 bp | 1.1 bp −$1 | 3.0 bp −$30 | 16.0 bp −$1,599 | 78.8 bp −$39.4K |
Perpl: 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 | 1,460 | +0.264% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,458 | +0.124% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,455.1 | −0.076% | $29.4M | $70.8M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,457.4 | +0.086% | $410K | $45K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.7 | +0.171% | $962K | $4.5M | 2.2x | as long as short |
| Perpl ZEClong | 0.0000% | 43m | 1,456.2 | long leg | $83K | $249K | 10x | |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,454.9 | −0.091% | $605K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,455.5 | −0.045% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0038% | 8h | 1,455.4 | −0.056% | $291K | $979K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0009% | 1h | 1,455.6 | −0.039% | $377K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0059% | 1h | 1,459 | +0.193% | $396K | $433K | 5x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,459.6 | +0.234% | $4.6M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,456.7 | +0.038% | $173K | $1.8M | 50x | as long as short |
| Variational Omni ZEC | +0.0098% | 8h | 1,459.8 | +0.251% | $47.4M | $31.8M | — | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,457.2 | +0.072% | $18K | $835K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457 | +0.054% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,457.3 | +0.074% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,456.9 | +0.049% | $759.4M | $433.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,455.4 | −0.051% | $14.4M | $28.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,457.3 | +0.076% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,454.6 | −0.108% | $667.8M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,454 | −0.150% | $268.3M | $607.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,454 | −0.148% | $179.2M | $1.23B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,458.7 | +0.169% | $886K | $16K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,455.5 | −0.051% | $49.8M | $171.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,454.4 | −0.126% | $212.8M | $772.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,454.5 | −0.117% | $102.2M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,453.7 | −0.174% | $161.1M | $275.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,455.9 | −0.017% | — | $97.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,459.4 | +0.217% | $2.4M | $3.8M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,459.6 | +0.234% | $568K | $8.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.3 | +0.212% | $3.0M | $418K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.9 | +0.183% | $420K | $883K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,459.5 | +0.225% | $70K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.4 | +0.014% | $324K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,455.4 | −0.051% | $126K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,454.3 | −0.128% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.1 | +0.197% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,454.5 | −0.113% | $240K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,454 | −0.153% | $2.6M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,455.2 | −0.069% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,454.5 | −0.118% | $2.8M | $7.7M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,457.2 | +0.068% | $8K | $7K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,454.7 | −0.102% | $48K | $155K | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,454.7 | −0.101% | $17.9M | $43.8M | 25x | as long as short |
| Lighter ZECshort | +0.0208% | 1h | 1,455.9 | −0.021% | $19.1M | $46.1M | 20x | |
| Arcus ZEC-USD | +0.0277% | 1h | 1,459.4 | +0.218% | $716K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0328% | 1h | 1,456.6 | +0.031% | $2.0M | $6.8M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,457.4 | +0.082% | $827K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,457.1 | +0.065% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0716% | 1h | 1,460.8 | +0.319% | $43K | $46K | 10x | as long as short |
Ondo Perps ZEC-USD.P
Phoenix ZEC
Popdex ZECUSDT
Variational Omni ZEC
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-USDT
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
Extended ZEC-USD
01 Exchange ZECUSD
Aevo ZEC-PERP
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD