Funding you earn now, next payment 22:00 UTC+0.0484%/8h= +53.0% APRnext payment +$0.60 per $10,000 · paid last 24h +0.024%
Price spread now: Lighter RH against SoDEX+0.150%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$160.157% of the position
Funding, last 3 days (all we have)+0.049%+$5 on $10k
+Price spread, last 3 days (all we have)−0.734%−$73 · spread now +0.150%, 7d avg +0.069%
=Together, before fees−0.684%+ Points / potential airdropLighter RH: Points live · farm board−$68 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Lighter RH is 0.081% dearer against SoDEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.069%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.049% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.60 per $10,000. 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 | SoDEX ZEC-USD | 1,459.9 | 0.0100 | pay 0.0013% / 1h | 8m 18s | $221K | $4.7M | 10x |
| Short | Lighter RH ZEC | 1,462.1 | 0.0584 | get 0.0073% / 1h | 8m 18s | $2.0M | $8.5M | 10x |
SoDEX ZEC-USD
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against SoDEX. 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
- $101.64
- Price spread: +0.150% → +0.069%
- $8.09
- Slippage, 4 orders
- −$7.75
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $93.98
- Costs to cover
- 0.157%
- Break-even
- 0.5 days
Slippage from SoDEX: live order book, 1 min ago; Lighter RH: live order book, 5 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 SoDEX live order book, 1 min ago | 0.69 bp | 6.5 bp −$6 | 18.5 bp −$185 | 108.4 bp −$10.8K | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 1.23 bp | 3.1 bp −$3 | 5.3 bp −$53 | 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 | −0.3476% | 1h | 1,433.1 | −1.834% | $33K | $275K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0086% | 8h | 1,459 | −0.063% | $28.9M | $75.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,460.2 | +0.016% | $6K | $2K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0071% | 1h | 1,460 | +0.003% | $17.7M | $44.7M | 25x | as long as short |
| Bybit ZECUSDT | −0.0023% | 8h | 1,459.4 | −0.037% | $269.4M | $677.3M | 75x | as long as short |
| Variational Omni ZEC | −0.0004% | 8h | 1,455.9 | −0.273% | $45.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,460.9 | +0.064% | $411K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,460.3 | +0.025% | $934K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,459.9 | −0.002% | $83K | $401K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,460.9 | +0.066% | $594K | $1.3M | 25x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUALShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,460.4 | +0.032% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0016% | 8h | 1,459.8 | −0.008% | $293K | $1.5M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0016% / S +0.0074% | 1h | 1,460.2 | +0.020% | $558K | — | 100x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0038% | 1h | 1,457 | −0.200% | $395K | $515K | 5x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,460.3 | +0.026% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0058% | 8h | 1,460.4 | +0.031% | $174.3M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0061% | 8h | 1,459.8 | −0.009% | $49.4M | $191.1M | 75x | as long as short |
| Katana Perps ZEC-USD | +0.0095% | 8h | 1,460.1 | +0.010% | $15K | $865K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,461.5 | +0.110% | $18.9M | $54.7M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,459.9 | 0.000% | $173K | $2.0M | 50x | as long as short |
| Aster ZECUSDT | +0.0099% | 8h | 1,459.9 | −0.004% | $15.4M | $33.9M | 75x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,460.2 | +0.021% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,460.9 | +0.070% | $2.5M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,460.8 | +0.060% | $755.6M | $493.4M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,460.9 | +0.068% | $1.6M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,460.3 | +0.028% | $667.9M | $2.53B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,460.4 | +0.029% | $219.5M | $899.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,459.9 | +0.001% | $103.2M | $57.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.1 | +0.015% | $161.6M | $312.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,459.9 | +0.001% | — | $101.5M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,459.7 | −0.014% | $2.3M | $4.1M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.9 | −0.206% | $489K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,458 | −0.130% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,457.2 | −0.184% | $428K | $815K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,459.6 | −0.020% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,459.9 | −0.001% | $344K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,459.9 | −0.001% | $127K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,458.7 | −0.086% | $446K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,462.1 | +0.148% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USDlong | +0.0100% | 1h | 1,459.9 | long leg | $221K | $4.7M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,460.1 | +0.009% | $2.4M | $24.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,459.7 | −0.016% | $3.8M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,456.7 | −0.221% | $897K | $26K | 10x | as long as short |
| Phoenix ZEC | +0.0103% | 1h | 1,458.5 | −0.095% | $4.6M | $1.6M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,460.5 | +0.040% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,460 | +0.006% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0219% | 1h | 1,460.8 | +0.061% | $848K | $1.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0440% | 1h | 1,462.6 | +0.180% | $3.7M | $11.6M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0483% | 1h | 1,459 | −0.060% | $40K | $34K | 10x | as long as short |
| Arcus ZEC-USD | +0.0518% | 1h | 1,461.2 | +0.086% | $744K | $8.0M | 10x | as long as short |
| Lighter RH ZECshort | +0.0584% | 1h | 1,462.1 | +0.150% | $2.0M | $8.5M | 10x |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Ondo Perps ZEC-USD.P
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Aster ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
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
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Phoenix ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Arcus ZEC-USD