Funding you earn now, next payment 05:00 UTC−0.0248%/8h= −27.1% APRnext payment −$0.31 per $10,000 · paid last 24h +0.001%
Price spread now: Lighter RH against Arcus−0.077%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$110.112% of the position
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now −0.077%, 7d avg +0.029%
=Together, before fees+0.007%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter RH is 0.106% cheaper against Arcus than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 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 | Arcus ZEC-USD | 1,454.6 | 0.0344 | pay 0.0043% / 1h | 45m 06s | $693K | $8.2M | 10x |
| Short | Lighter RH ZEC | 1,453.5 | 0.0096 | get 0.0012% / 1h | 45m 06s | $2.1M | $7.0M | 10x |
Arcus ZEC-USD
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Arcus. 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
- −$51.99
- Price spread: −0.077% → +0.029%
- −$10.6
- Slippage, 4 orders
- −$6.72
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$73.82
- Costs to cover
- 0.112%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 4 min ago; Lighter RH: live order book, 3 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 Arcus live order book, 4 min ago | 0.32 bp | 3.4 bp −$3 | 5.2 bp −$52 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.41 bp | 2.5 bp −$2 | 4.4 bp −$44 | 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 | −0.3042% | 1h | 1,453.4 | −0.084% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,451.6 | −0.203% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,452.1 | −0.172% | $29.4M | $70.4M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,451.8 | −0.190% | $409K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,452.8 | −0.122% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451 | −0.246% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,451.8 | −0.192% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,451.9 | −0.183% | $290K | $943K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0079% / S −0.0029% | 1h | 1,451.4 | −0.219% | $432K | — | 100x | as long as short |
| Lighter RH ZECshort | +0.0096% | 1h | 1,453.5 | −0.077% | $2.1M | $7.0M | 10x |
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]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,452.5 | −0.146% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,452.1 | −0.171% | $13K | $852K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,452.7 | −0.130% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,453.3 | −0.088% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,452.4 | −0.150% | $14.6M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,453 | −0.112% | $1.6M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,452.2 | −0.163% | $666.9M | $2.20B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,451.7 | −0.198% | $260.9M | $600.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,452.1 | −0.174% | $177.7M | $1.21B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,450.5 | −0.282% | $394K | $439K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | −0.040% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,451.9 | −0.187% | $50.6M | $170.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,452.1 | −0.170% | $216.1M | $766.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,452.3 | −0.158% | $102.4M | $53.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,452.2 | −0.168% | $165.0M | $270.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,452 | −0.182% | — | $105.5M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,450.4 | −0.286% | $47.6M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,451.6 | −0.204% | $565K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,454 | −0.042% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,452.1 | −0.175% | $401K | $943K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451.5 | −0.216% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,452.3 | −0.158% | $353K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,451.4 | −0.221% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,450.7 | −0.265% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,454.7 | +0.007% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,452 | −0.179% | $232K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,451.8 | −0.193% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,452.7 | −0.129% | $3.8M | $5.0M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,452 | −0.180% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,451.7 | −0.198% | $47K | $151K | 20x | as long as short |
| Hyperliquid ZEC | +0.0108% | 1h | 1,453.2 | −0.096% | $756.0M | $428.7M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,452.9 | −0.117% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,452.9 | −0.119% | $4.6M | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0116% | 1h | 1,452.5 | −0.143% | $2.4M | $3.9M | 15x | as long as short |
| Lighter ZEC | +0.0176% | 1h | 1,453.6 | −0.071% | $19.1M | $44.7M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0200% | 1h | 1,452.6 | −0.138% | $613K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,452.6 | −0.134% | $918K | $1.1M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0334% | 1h | 1,452 | −0.181% | $18.0M | $45.2M | 25x | as long as short |
| Arcus ZEC-USDlong | +0.0344% | 1h | 1,454.6 | long leg | $693K | $8.2M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,454 | −0.038% | $3.8M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0672% | 1h | 1,453.4 | −0.081% | $44K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
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-USDT
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
Hyperliquid ZEC
01 Exchange ZECUSD
Phoenix ZEC
Backpack ZEC_USDC_PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Kraken Futures PF_ZECUSD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD