ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0137%/8h= +15.0% APRnext payment +$0.17 per $10,000 · paid last 24h +0.040%

Price spread now: Lighter against gTrade (Gains Network)+0.003%7-day average +0.072% · 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−$280as in the Price arb table

costs, in and out, $10k−$2732.732% of the position

Long on gTrade (Gains Network)Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.271%+$27 on $10k

Price spread, last 7 days+0.035%+$4 · spread now +0.003%, 7d avg +0.072%

Together, before fees+0.306%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.069% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.072%). If the spread goes back, that is −$7 on $10k: about 40 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ZEC/USD	1,510.4	L +0.0007% / S −0.0006%	pay 0.0001% / 1h	4m 32s	$5.4M	—	150x
Short	Lighter ZEC	1,510.4	0.0144	get 0.0018% / 1h	4m 32s	$19.6M	$47.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee LighterbpOrdersPrice spread, now +0.003%Rate

Funding earned: $28.8
Price spread: +0.003% → +0.072%: −$6.89
Slippage, 4 orders: −$263.2
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$251.29
Costs to cover: 2.732%
Break-even: 68.1 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; Lighter: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago	130.02 bp	135.0 bp −$135	425.9 bp −$4,259	4809.1 bp −$480.9K	doesn't fit
Sell Lighter live order book, 4 min ago	1.28 bp	1.3 bp −$1	3.0 bp −$30	21.5 bp −$2,148	75.3 bp −$37.6K

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	−0.3442%	1h	1,496.3	−0.934%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,510.2	−0.015%	$62K	$306K	10x	as long as short
Bulk ZEC-USD	−0.0412%	1h	1,508.1	−0.150%	$776K	$147K	10x	as long as short
BloFin ZEC-USDT	−0.0174%	8h	1,510.7	+0.022%	$31.0M	$76.7M	75x	as long as short
Aftermath Perps ZECUSD	−0.0104%	1h	1,510.1	−0.017%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,511.1	+0.050%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,509.5	−0.055%	$420K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,510.8	+0.031%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USDlong	L +0.0007% / S −0.0006%	1h	1,510.4	long leg	$5.4M	—	150x
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,510.7	+0.024%	$18.2M	$47.8M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0064%	1h	1,507	−0.223%	$412K	$551K	5x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,510.2	−0.009%	$8K	$6K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0081%	1h	1,510.8	+0.029%	$690K	$1.4M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,510	−0.027%	$304K	$863K	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,511.5	+0.076%	$4.8M	$1.4M	10x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,510.7	+0.022%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,509.9	−0.032%	$176K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,510.1	−0.019%	$16K	$897K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,509.6	−0.050%	$62K	$19K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,509.9	−0.032%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,511.5	+0.075%	$791.7M	$445.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,509.1	−0.081%	$14.1M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,509.9	−0.029%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,510	−0.027%	$713.2M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,509.2	−0.075%	$272.1M	$626.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,509.3	−0.072%	$182.8M	$1.38B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,509.7	−0.043%	$59.1M	$190.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,510.2	−0.012%	$228.9M	$827.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,509.6	−0.050%	$103.3M	$57.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,510	−0.025%	$163.3M	$293.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,509.9	−0.028%	—	$119.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,507.8	−0.169%	$49.8M	$35.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,511.6	+0.081%	$578K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,510.4	−0.001%	$3.1M	$519K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,511.2	+0.055%	$416K	$948K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,511.2	+0.056%	$54K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,511	+0.042%	$376K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,511.3	+0.064%	$169K	$193K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,513.1	+0.182%	$462K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,513.7	+0.223%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,510.4	−0.001%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,509.5	−0.055%	$2.7M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,510.9	+0.035%	$4.1M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,509.9	−0.030%	$2.7M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,510.1	−0.015%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,510.2	−0.010%	$958K	$1.1M	10x	as long as short
Lighter ZECshort	+0.0144%	1h	1,510.4	+0.003%	$19.6M	$47.0M	20x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0150% / S −0.0149%	1h	1,510.6	+0.018%	$335K	—	100x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,510.6	+0.013%	$593K	$8.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,511.2	+0.052%	$3.7M	$9.8M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0493%	1h	1,511.2	+0.054%	$2.3M	$3.7M	15x	as long as short