ZEC

Alert

Funding spread now, next payment 17:00 UTC−0.0278%/8h

next payment, per $10,000−$0.35paid, last 24h−0.105%paid, last 3 days+0.075%to open and closeno order book

Long on Aftermath Perps Short on Lighter

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.075% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 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	Aftermath Perps ZECUSD	1,498.9	0.0374	pay 0.0047% / 1h	15m 02s	$37K	$22K	10x
Short	Lighter ZEC	1,497.9	0.0096	get 0.0012% / 1h	15m 02s	$19.7M	$62.1M	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee LighterbpOrdersRate

Funding earned: −$58.35
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$67.35
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.066%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	0.80 bp	0.8 bp −$1	3.3 bp −$33	17.3 bp −$1,734	72.3 bp −$36.1K

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEC on 50 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3400%	1h	$35K	$13K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0517%	1h	$18.3M	$44.4M	25x	as long as short
Bybit ZECUSDT	−0.0241%	8h	$290.2M	$764.1M	75x	as long as short
ApeX Omni ZECUSDT	−0.0234%	1h	$991K	$349K	50x	as long as short
BloFin ZEC-USDT	−0.0116%	8h	$31.8M	$81.3M	75x	as long as short
Bulk ZEC-USD	−0.0100%	1h	$915K	$60K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0097%	1h	$408K	$757K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	$6K	$2K	10x	as long as short
Phoenix ZEC	−0.0051%	1h	$4.7M	$1.6M	10x	as long as short
Aster ZECUSDT	−0.0031%	8h	$15.3M	$37.9M	75x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni ZEC	−0.0031%	8h	$48.9M	$33.8M	—	as long as short
Orderly PERP_ZEC_USDC	−0.0021%	8h	$269K	$1.6M	20x	as long as short
dYdX ZEC-USD	0.0000%	1h	$421K	$117K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	$9K	$11K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	$871K	$6.2M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	$586K	$1.4M	25x	as long as short
OKX ZEC-USDT-SWAP	+0.0001%	8h	$184.9M	$1.62B	50x	as long as short
MEXC ZEC_USDT	+0.0002%	8h	$223.9M	$1.01B	150x	as long as short
Binance ZECUSDT	+0.0004%	8h	$702.6M	$2.84B	75x	as long as short
Bitget ZECUSDT	+0.0004%	8h	$167.9M	$325.9M	75x	as long as short
BingX ZEC-USDC	+0.0004%	8h	—	$6.9M	—	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	$5.3M	—	150x	as long as short
Gate ZEC_USDT	+0.0013%	8h	$52.7M	$217.5M	75x	as long as short
SoDEX ZEC-USD	+0.0034%	1h	$227K	$5.4M	10x	as long as short
RISEx ZEC/USDC	+0.0080%	1h	$859K	$2.9M	10x	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$39K	$362K	20x	as long as short
Paradex ZEC-USD-PERP	+0.0092%	8h	$62K	$38K	10x	as long as short
Lighter ZECshort	+0.0096%	1h	$19.7M	$62.1M	20x
Popdex ZECUSDT	+0.0096%	1h	$178K	$2.2M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	$12K	$1.0M	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	$3.1M	$7.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	$799.4M	$654.6M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	$1.7M	$3.5M	10x	as long as short
Arcus ZEC-USD	+0.0100%	1h	$693K	$6.4M	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$104.8M	$69.7M	75x	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	$2.3M	$3.7M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	$503K	$10.8M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$108K	$3.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	$324K	$3.3M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	$51K	$116K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	$464K	$473K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	$3K	$1.3M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	$2.6M	$31.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	$3.9M	$6.6M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	$3.4M	$4.4M	10x	as long as short
Perpl ZEC	+0.0112%	43m	$78K	$392K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0121% / S +0.0003%	1h	$569K	—	100x	as long as short
Lighter RH ZEC	+0.0216%	1h	$1.8M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0256%	1h	$3.9M	$13.5M	50x	as long as short
Aftermath Perps ZECUSDlong	+0.0374%	1h	$37K	$22K	10x