Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.028%
Price spread now: Lighter against Phemex+0.012%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$430.425% of the position
Funding, last 7 days+0.356%+$36 on $10k
+Price spread, last 3 days (all we have)−0.645%−$65 · spread now +0.012%, 7d avg +0.036%
=Together, before fees−0.289%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.025% cheaper against Phemex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,457.4 | 0.0100 | pay 0.0100% / 8h | 2h 26m | $3.8M | $5.4M | 50x |
| Short | Lighter ZEC | 1,457.6 | 0.0096 | get 0.0012% / 1h | 26m 17s | $18.8M | $54.5M | 20x |
Phemex ZECUSDT
Lighter ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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
- −$0.84
- Price spread: +0.012% → +0.036%
- −$2.48
- Slippage, 4 orders
- −$30.53
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$45.84
- Costs to cover
- 0.425%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Lighter: live order book, 8 min ago.
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 Phemex live order book, 3 min ago | 5.25 bp | 18.2 bp −$18 | 31.8 bp −$318 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.96 bp | 1.0 bp −$1 | 3.4 bp −$34 | 18.2 bp −$1,817 | 78.9 bp −$39.5K |
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 | −1.665% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0085% | 8h | 1,458 | +0.040% | $28.8M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,458.5 | +0.072% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,456.6 | −0.054% | $17.7M | $44.7M | 25x | as long as short |
| Variational Omni ZEC | −0.0001% | 8h | 1,443 | −0.986% | $45.4M | $32.5M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,459.3 | +0.130% | $411K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,460 | +0.180% | $917K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,457.5 | +0.007% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,458.2 | +0.051% | $593K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,458.2 | +0.054% | $5.2M | — | 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
Perpl ZEC
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 | +0.0011% | 8h | 1,457 | −0.026% | $268.0M | $677.1M | 75x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,457.5 | +0.005% | $292K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0025% / S +0.0071% | 1h | 1,457.9 | +0.030% | $566K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0058% | 8h | 1,457.6 | +0.014% | $173.5M | $1.36B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,457.8 | +0.029% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0080% | 8h | 1,457.9 | +0.032% | $49.4M | $189.9M | 75x | as long as short |
| Aster ZECUSDT | +0.0092% | 8h | 1,458.1 | +0.050% | $15.4M | $34.7M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,457.3 | −0.006% | $13K | $872K | 10x | as long as short |
| Lighter ZECshort | +0.0096% | 1h | 1,457.6 | +0.012% | $18.8M | $54.5M | 20x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,457.5 | +0.007% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457.4 | +0.001% | $60K | $38K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,458.8 | +0.096% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,458.4 | +0.065% | $753.7M | $496.9M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,460 | +0.174% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,457.7 | +0.019% | $664.6M | $2.54B | 75x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,458.6 | +0.082% | $395K | $522K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,445 | −0.851% | $890K | $32K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,458 | +0.041% | $217.3M | $895.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,457.8 | +0.025% | $103.3M | $57.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,457.5 | +0.008% | $161.3M | $313.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,457.6 | +0.014% | — | $102.9M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,458.6 | +0.084% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,444.1 | −0.913% | $485K | $9.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,445.8 | −0.799% | $3.0M | $501K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,445.6 | −0.808% | $702K | $608K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456.1 | −0.091% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,457.2 | −0.014% | $349K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,457.7 | +0.017% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,456.4 | −0.070% | $443K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.4 | +0.137% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457 | −0.025% | $221K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,457.4 | +0.001% | $2.4M | $25.0M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,457.4 | long leg | $3.8M | $5.4M | 50x | |
| Phoenix ZEC | +0.0103% | 1h | 1,452.1 | −0.367% | $4.5M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,457.8 | +0.029% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,457.6 | +0.015% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,458.1 | +0.050% | $870K | $1.9M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,459.8 | +0.165% | $3.7M | $11.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0459% | 1h | 1,453.5 | −0.267% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,459.4 | +0.139% | $743K | $8.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0680% | 1h | 1,461.8 | +0.303% | $2.0M | $8.5M | 10x | as long as short |
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
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
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD
Lighter RH ZEC