Funding you earn now, next payment 07:00 UTC+0.0248%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h +0.066%
Price spread now: Lighter RH against dYdX+0.351%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$890.890% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 4 days (all we have)−0.350%−$35 · spread now +0.351%, 7d avg +0.080%
=Together, before fees−0.247%+ Points / potential airdropLighter RH: Points live · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter RH is 0.271% dearer against dYdX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.080%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.4% 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 | dYdX ZEC-USD | 1,499.7 | 0 | get 0.0000% / 1h | 15m 13s | $417K | $35K | 5x |
| Short | Lighter RH ZEC | 1,505 | 0.0248 | get 0.0031% / 1h | 15m 13s | $2.1M | $7.4M | 10x |
dYdX ZEC-USD
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against dYdX. 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
- $52.08
- Price spread: +0.351% → +0.080%
- $27.12
- Slippage, 4 orders
- −$78.99
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$9.79
- Costs to cover
- 0.890%
- Break-even
- 8.3 days
Slippage from dYdX: live order book, 29 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 dYdX live order book, 29 min ago | 36.73 bp | 41.7 bp −$42 | 44.1 bp −$441 | 113.8 bp −$11.4K | 360.0 bp −$180.0K |
| Sell Lighter RH live order book, 3 min ago | 0.80 bp | 1.8 bp −$2 | 4.6 bp −$46 | doesn't fit | doesn't fit |
ZEC on 50 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 | −0.3684% | 1h | 1,478.1 | −1.441% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,499.9 | +0.011% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0171% | 8h | 1,503.4 | +0.246% | $30.5M | $75.4M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,503.8 | +0.270% | $18.2M | $46.4M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,499.1 | −0.043% | $6K | $1K | 10x | as long as short |
| Bulk ZEC-USD | −0.0051% | 1h | 1,487.2 | −0.837% | $898K | $9K | 10x | as long as short |
| dYdX ZEC-USDlong | 0.0000% | 1h | 1,499.7 | long leg | $417K | $35K | 5x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,501.9 | +0.143% | $1.6M | $4.6M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,501.8 | +0.142% | $5.3M | — | 150x | as long as short |
| Aftermath Perps ZECUSD | +0.0051% | 1h | 1,493.2 | −0.432% | $48K | $64K | 10x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
Bulk ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Aftermath Perps ZECUSDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0079% | 8h | 1,502.7 | +0.197% | $303K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,500 | +0.017% | $171K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,500.3 | +0.040% | $12K | $879K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,499.8 | +0.006% | $3.0M | $7.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,503.5 | +0.252% | $14.0M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,499.8 | +0.007% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,503.6 | +0.258% | $700.5M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,503.5 | +0.252% | $269.0M | $634.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,503.9 | +0.279% | $183.6M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,497.5 | −0.147% | $410K | $522K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,501.7 | +0.135% | $55.2M | $185.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,504.1 | +0.291% | $248.7M | $794.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,504 | +0.285% | $103.4M | $57.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,503.8 | +0.273% | $161.8M | $289.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,503 | +0.217% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,498.8 | −0.057% | $49.0M | $34.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,499.3 | −0.026% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,497.4 | −0.153% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,501.6 | +0.127% | $413K | $941K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,498.9 | −0.053% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,500.9 | +0.080% | $360K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,503.5 | +0.251% | $165K | $184K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,504.3 | +0.308% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,503 | +0.217% | $256K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,502.9 | +0.214% | $2.7M | $20.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,503.2 | +0.236% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,499.6 | −0.003% | $62K | $43K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,502.5 | +0.189% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,502.7 | +0.201% | $43K | $152K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0128% | 1h | 1,500.8 | +0.076% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,502.2 | +0.168% | $940K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0133% / S −0.0126% | 1h | 1,502.1 | +0.157% | $398K | — | 100x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,501.5 | +0.119% | $4.8M | $1.4M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0180% | 1h | 1,503.5 | +0.255% | $687K | $1.4M | 25x | as long as short |
| Hyperliquid ZEC | +0.0200% | 1h | 1,501.1 | +0.093% | $780.9M | $444.4M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0211% | 1h | 1,500.2 | +0.035% | $2.4M | $3.9M | 15x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,500.9 | +0.078% | $612K | $8.7M | 10x | as long as short |
| Lighter RH ZECshort | +0.0248% | 1h | 1,505 | +0.351% | $2.1M | $7.4M | 10x | |
| Lighter ZEC | +0.0304% | 1h | 1,504.5 | +0.318% | $19.8M | $46.3M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,503 | +0.220% | $3.7M | $10.1M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Katana Perps ZEC-USD
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
Hyperliquid ZEC
Backpack ZEC_USDC_PERP
Arcus ZEC-USD
Lighter ZEC
Coinbase International ZEC-PERP-INTX