Funding you earn now, next payment 00:00 UTC+0.0428%/8h= +46.9% APRpaid last 24h +0.020%
Price spread now: Lighter RH against Phemex+0.102%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 3 days (all we have)−0.384%−$38 · spread now +0.102%, 7d avg +0.045%
=Together, before fees−0.174%+ Points / potential airdropLighter RH: Points live · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Lighter RH is 0.057% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.045%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.211% in total (about 11.0% 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 | Phemex ZECUSDT | 1,468.5 | 0.0100 | pay 0.0100% / 8h | 47m 00s | $3.8M | $5.3M | 50x |
| Short | Lighter RH ZEC | 1,470 | 0.0528 | get 0.0066% / 1h | 47m 00s | $2.0M | $8.2M | 10x |
Phemex ZECUSDT
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $89.88
- Price spread: +0.102% → +0.045%
- $5.69
- Slippage, 4 orders
- −$28.38
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $55.19
- Costs to cover
- 0.404%
- Break-even
- 2.7 days
Slippage from Phemex: live order book, 2 min ago; Lighter RH: live order book, 2 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, 2 min ago | 0.75 bp | 16.7 bp −$17 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.42 bp | 2.2 bp −$2 | 5.5 bp −$55 | doesn't fit | 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 | −0.3089% | 1h | 1,472.8 | +0.294% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0226% | 1h | 1,467.6 | −0.059% | $17.8M | $44.3M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0210% | 1h | 1,468.5 | −0.001% | $399K | $515K | 5x | as long as short |
| ApeX Omni ZECUSDT | −0.0190% | 1h | 1,472.5 | +0.268% | $432K | $830K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0105% | 8h | 1,468 | −0.037% | $29.4M | $75.3M | 75x | as long as short |
| Bybit ZECUSDT | −0.0094% | 8h | 1,467.6 | −0.063% | $273.1M | $657.7M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,471.4 | +0.193% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0040% | 8h | 1,471.8 | +0.224% | $46.8M | $33.6M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471.3 | +0.191% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.8 | +0.225% | $903K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,470.4 | +0.130% | $84K | $404K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,468.4 | −0.009% | $612K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,468.5 | +0.001% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,467.6 | −0.061% | $293K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.1 | +0.311% | $4.6M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0035% | 8h | 1,467.5 | −0.072% | $180.0M | $1.34B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,470.5 | +0.132% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0042% | 8h | 1,467.7 | −0.054% | $50.5M | $184.5M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0011% | 1h | 1,468.7 | +0.013% | $365K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,469.3 | +0.057% | $19.0M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.9 | +0.097% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,470.7 | +0.152% | $11K | $830K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470 | +0.101% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.1 | +0.177% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.8 | +0.020% | $761.5M | $475.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,467.6 | −0.062% | $15.1M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,471.1 | +0.175% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468.4 | −0.010% | $680.3M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471.7 | +0.219% | $719K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472 | +0.238% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,468 | −0.035% | $224.5M | $832.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,468 | −0.032% | $103.7M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468 | −0.035% | $162.4M | $302.7M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,468.3 | −0.018% | — | $102.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,473 | +0.304% | $513K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473.8 | +0.360% | $3.0M | $466K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,472 | +0.236% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470.2 | +0.115% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.5 | −0.001% | $127K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466.2 | −0.158% | $447K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.5 | +0.268% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.5 | −0.066% | $237K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,467.2 | −0.089% | $2.5M | $23.2M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,468.5 | long leg | $3.8M | $5.3M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,468.3 | −0.016% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468 | −0.037% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,470.8 | +0.158% | $834K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0410% | 1h | 1,468.2 | −0.024% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,469.9 | +0.094% | $3.8M | $10.9M | 50x | as long as short |
| Lighter RH ZECshort | +0.0528% | 1h | 1,470 | +0.102% | $2.0M | $8.2M | 10x | |
| Aftermath Perps ZECUSD | +0.0652% | 1h | 1,472.8 | +0.294% | $46K | $47K | 10x | as long as short |
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD