Funding you earn now, next payment 03:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.012%
Price spread now: Lighter against Phoenix+0.046%74s7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$150.148% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 7 days−0.144%−$14 · spread now +0.046%, 7d avg −0.061%
=Together, before fees−0.260%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.106% dearer against Phoenix than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.061%. Mind the row above: over the last 7 days funding on this pair cost −0.116%, so the current rate has only just turned in your favour. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ZEC | 1,458.8 | 0.0123 | pay 0.0015% / 1h | 1m 54s | $4.6M | $1.3M | 10x |
| Short | Lighter ZEC | 1,459.4 | 0.0248 | get 0.0031% / 1h | 1m 54s | $19.2M | $46.0M | 20x |
Phoenix ZEC
Lighter ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phoenix. 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
- $26.19
- Price spread: +0.046% → −0.061%
- $10.62
- Slippage, 4 orders
- −$7.8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $22.01
- Costs to cover
- 0.148%
- Break-even
- 1.1 days
Slippage from Phoenix: live order book, 2 min ago; Lighter: live order book, 7 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 Phoenix live order book, 2 min ago | 1.51 bp | 6.2 bp −$6 | 13.4 bp −$134 | 111.6 bp −$11.2K | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.90 bp | 1.3 bp −$1 | 3.0 bp −$30 | 11.9 bp −$1,191 | 74.4 bp −$37.2K |
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 | −0.3166% | 1h | 1,458.2 | −0.040% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,459 | +0.016% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0070% | 8h | 1,458.8 | +0.001% | $29.6M | $71.0M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,458.2 | −0.038% | $411K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,458.6 | −0.009% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,456.9 | −0.125% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,457.7 | −0.072% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,457.9 | −0.056% | $291K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0071% / S −0.0023% | 1h | 1,457.8 | −0.066% | $409K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,458.1 | −0.042% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,457.7 | −0.074% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,457.8 | −0.065% | $10K | $859K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457.4 | −0.095% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,457.8 | −0.068% | $2.8M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,459.6 | +0.058% | $759.3M | $431.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,458.3 | −0.028% | $14.8M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,458.2 | −0.039% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,458.3 | −0.031% | $669.9M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,457.6 | −0.076% | $261.7M | $602.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,458.4 | −0.027% | $178.2M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,457.6 | −0.079% | $396K | $442K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.5 | −0.083% | $880K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,458 | −0.052% | $50.5M | $175.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,458.3 | −0.032% | $215.1M | $777.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,458.1 | −0.045% | $102.9M | $54.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,458.5 | −0.019% | $165.8M | $270.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,457.5 | −0.086% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,457.3 | −0.097% | $47.8M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457.7 | −0.072% | $567K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,457.2 | −0.105% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,457.6 | −0.080% | $405K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,459.2 | +0.033% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,457.4 | −0.093% | $354K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,458 | −0.053% | $160K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,456.8 | −0.137% | $445K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,460.2 | +0.099% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,458.1 | −0.047% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,458 | −0.051% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,458.3 | −0.029% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,458 | −0.050% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,457.8 | −0.065% | $47K | $151K | 20x | as long as short |
| Phoenix ZEClong | +0.0123% | 1h | 1,458.8 | long leg | $4.6M | $1.3M | 10x | |
| Backpack ZEC_USDC_PERP | +0.0188% | 1h | 1,458.5 | −0.014% | $2.4M | $3.9M | 15x | as long as short |
| Lighter ZECshort | +0.0248% | 1h | 1,459.4 | +0.046% | $19.2M | $46.0M | 20x | |
| Kraken Futures PF_ZECUSD | +0.0277% | 1h | 1,458 | −0.052% | $18.0M | $45.2M | 25x | as long as short |
| Lighter RH ZEC | +0.0312% | 1h | 1,459.4 | +0.044% | $2.1M | $7.0M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0314% | 1h | 1,458.7 | −0.002% | $615K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,457.5 | −0.083% | $922K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,460.5 | +0.121% | $3.8M | $9.1M | 50x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,459 | +0.018% | $675K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0679% | 1h | 1,458.7 | −0.003% | $45K | $49K | 10x | as long as short |
Popdex ZECUSDT
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
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
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
Backpack ZEC_USDC_PERP
Kraken Futures PF_ZECUSD
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD