Funding you earn now, next payment 06:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.11 per $10,000 · paid last 24h +0.015%
Price spread now: Lighter against Polymarket Perps+0.295%45s7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs+$31as 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−$190.188% of the position
Funding, last 7 days+0.493%+$49 on $10k
+Price spread, last 7 days−0.140%−$14 · spread now +0.295%, 7d avg +0.088%
=Together, before fees+0.353%+ Points / potential airdropLighter: Season 3 · farm board+$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.207% dearer against Polymarket Perps than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.088%. The two prices were read 45 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 | Polymarket Perps ZEC-USD | 1,479.5 | 0.0100 | pay 0.0013% / 1h | 22m 41s | $365K | $1.7M | 10x |
| Short | Lighter ZEC | 1,483.9 | 0.0192 | get 0.0024% / 1h | 22m 41s | $19.6M | $44.1M | 20x |
Polymarket Perps ZEC-USD
Lighter ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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
- $19.32
- Price spread: +0.295% → +0.088%
- $20.71
- Slippage, 4 orders
- −$10.78
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $21.25
- Costs to cover
- 0.188%
- Break-even
- from the start
Slippage from Polymarket Perps: live order book, 1 min ago; Lighter: live order book, 6 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 Polymarket Perps live order book, 1 min ago | 2.37 bp | 6.4 bp −$6 | 9.5 bp −$95 | 22.0 bp −$2,197 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 1.29 bp | 2.6 bp −$3 | 3.3 bp −$33 | 31.3 bp −$3,129 | 97.6 bp −$48.8K |
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 | −0.3243% | 1h | 1,461.8 | −1.198% | $34K | $272K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0098% | 8h | 1,482.6 | +0.212% | $30.1M | $71.9M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,479.5 | −0.001% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,482.4 | +0.197% | $412K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,480.5 | +0.069% | $1.6M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,479.1 | −0.026% | $85K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0007% | 1h | 1,479.5 | −0.002% | $5.3M | — | 150x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0050% | 1h | 1,480.3 | +0.051% | $629K | $1.3M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,479.3 | −0.012% | $296K | $896K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,480.1 | +0.037% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Deribit ZEC_USDC-PERPETUAL
Orderly PERP_ZEC_USDC
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0092% | 1h | 1,475.1 | −0.297% | $4.7M | $1.3M | 10x | as long as short |
| Bybit ZECUSDT | +0.0093% | 8h | 1,483 | +0.239% | $264.2M | $598.6M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,479.7 | +0.016% | $174K | $1.6M | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0100% / S −0.0054% | 1h | 1,479.3 | −0.016% | $441K | — | 100x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,479.3 | −0.013% | $11K | $824K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,479.3 | −0.011% | $61K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,479.9 | +0.024% | $2.9M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,481.3 | +0.122% | $773.0M | $422.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,482.4 | +0.195% | $14.6M | $28.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,479.9 | +0.028% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,482.4 | +0.199% | $688.1M | $2.18B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,484.8 | +0.356% | $180.1M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,474.6 | −0.331% | $400K | $433K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.4 | −0.479% | $889K | $15K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,481.1 | +0.105% | $53.7M | $172.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,481.6 | +0.141% | $228.6M | $766.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,481.8 | +0.158% | $105.6M | $53.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,480.8 | +0.084% | $167.0M | $269.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,480.4 | +0.059% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,473.7 | −0.393% | $48.3M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,475 | −0.305% | $556K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,477.9 | −0.106% | $3.0M | $462K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,472.9 | −0.444% | $407K | $926K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,479.1 | −0.024% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USDlong | +0.0100% | 1h | 1,479.5 | long leg | $365K | $1.7M | 10x | |
| Bullet ZEC-USD | +0.0100% | 1h | 1,479.4 | −0.005% | $163K | $183K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,478.6 | −0.060% | $451K | $506K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,481.6 | +0.143% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,480.1 | +0.043% | $245K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,481 | +0.101% | $2.5M | $18.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,481.5 | +0.134% | $3.9M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,481.4 | +0.130% | $2.8M | $7.8M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,479.6 | +0.003% | $45K | $153K | 20x | as long as short |
| Lighter RH ZEC | +0.0120% | 1h | 1,484.2 | +0.320% | $2.1M | $7.1M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0145% | 1h | 1,480.1 | +0.037% | $18.1M | $45.7M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,479.9 | +0.030% | $934K | $1.1M | 10x | as long as short |
| Lighter ZECshort | +0.0192% | 1h | 1,483.9 | +0.295% | $19.6M | $44.1M | 20x | |
| Backpack ZEC_USDC_PERP | +0.0393% | 1h | 1,482.5 | +0.201% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,482.2 | +0.185% | $3.7M | $9.3M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,480.9 | +0.093% | $655K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0707% | 1h | 1,476 | −0.236% | $45K | $49K | 10x | as long as short |
Phoenix ZEC
Bybit ZECUSDT
Popdex ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance 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
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD