Funding you earn now, next payment 21:20 UTC+0.0672%/8h= +73.6% APRpaid last 24h +0.055%
Price spread now: Lighter RH against Perpl+0.173%7-day average +0.110% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.223%+$22 on $10k
+Price spread, last 3 days (all we have)−0.705%−$71 · spread now +0.173%, 7d avg +0.110%
=Together, before fees−0.482%+ Points / potential airdropPerpl: Active · Lighter RH: Points live · farm board−$48 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Lighter RH is 0.063% dearer against Perpl than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.110%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.223% in total (about 11.6% 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 | Perpl ZEC | 1,453.5 | 0 | get 0.0000% / 43m | 16m 02s | $82K | $401K | 10x |
| Short | Lighter RH ZEC | 1,456 | 0.0672 | get 0.0084% / 1h | 29m 02s | $1.9M | $8.5M | 10x |
Perpl ZEC
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $141.12
- Price spread: +0.173% → +0.110%
- $6.33
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $133.65
- Costs to cover
- 0.138%
- Break-even
- 0.4 days
Slippage unknown: Perpl: no order-book sample; Lighter RH: live order book, 5 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 RH live order book, 5 min ago | 1.14 bp | 1.2 bp −$1 | 5.4 bp −$54 | doesn't fit | doesn't fit |
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 | −0.3476% | 1h | 1,433.1 | −1.401% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0092% | 8h | 1,453.5 | −0.003% | $29.0M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,450.2 | −0.225% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,453.1 | −0.029% | $17.7M | $44.7M | 25x | as long as short |
| Variational Omni ZEC | −0.0001% | 8h | 1,443 | −0.720% | $45.4M | $32.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,453.3 | −0.018% | $409K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454.6 | +0.076% | $913K | $5.7M | 2.2x | as long as short |
| Perpl ZEClong | 0.0000% | 43m | 1,453.5 | long leg | $82K | $401K | 10x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0004% | 1h | 1,454.3 | +0.057% | $592K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,453.5 | −0.003% | $5.1M | — | 150x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDT | +0.0010% | 8h | 1,455.2 | +0.118% | $268.0M | $675.4M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,453.6 | +0.007% | $291K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0027% / S +0.0072% | 1h | 1,453.1 | −0.031% | $546K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0056% | 8h | 1,456 | +0.169% | $172.5M | $1.36B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,454.2 | +0.045% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0076% | 8h | 1,454.3 | +0.054% | $49.3M | $189.6M | 75x | as long as short |
| Aster ZECUSDT | +0.0086% | 8h | 1,453.8 | +0.018% | $15.3M | $34.6M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,452.7 | −0.057% | $13K | $873K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,455.1 | +0.107% | $18.8M | $54.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,453.5 | −0.003% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,453.6 | +0.005% | $60K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,454.3 | +0.056% | $2.4M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,454.7 | +0.082% | $751.6M | $495.7M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453.8 | +0.019% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,455.6 | +0.144% | $663.5M | $2.53B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,441.6 | −0.819% | $392K | $516K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,445 | −0.585% | $890K | $32K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,454 | +0.032% | $216.6M | $893.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,453.8 | +0.021% | $103.4M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,455.8 | +0.156% | $161.2M | $313.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,453.8 | +0.020% | — | $103.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,454.5 | +0.065% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,444.1 | −0.647% | $485K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,445.8 | −0.533% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,445.6 | −0.542% | $702K | $608K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,450.5 | −0.211% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.9 | −0.042% | $350K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,452.9 | −0.039% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,452.1 | −0.096% | $442K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,455.2 | +0.117% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,453.3 | −0.016% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453.3 | −0.012% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,453.9 | +0.027% | $3.7M | $5.4M | 50x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,452.1 | −0.100% | $4.5M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,455.9 | +0.167% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,453.6 | +0.003% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,454.5 | +0.068% | $868K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,455.4 | +0.130% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0459% | 1h | 1,449.7 | −0.265% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,455.4 | +0.130% | $754K | $8.0M | 10x | as long as short |
| Lighter RH ZECshort | +0.0672% | 1h | 1,456 | +0.173% | $1.9M | $8.5M | 10x |
Bybit ZECUSDT
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
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-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
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD