Funding you earn now, next payment 00:00 UTC+0.0449%/8h= +49.2% APRnext payment +$0.56 per $10,000 · paid last 24h +0.019%
Price spread now: Lighter RH against GMX+0.119%7-day average +0.042% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.100%+$10 on $10k
+Price spread, last 3 days (all we have)−0.267%−$27 · spread now +0.119%, 7d avg +0.042%
=Together, before fees−0.167%+ Points / potential airdropLighter RH: Points live · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Lighter RH is 0.078% dearer against GMX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.042%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.100% in total (about 11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.56 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 | GMX ZEC/USD [WBTC.b-USDC] | 1,472.9 | L +0.0055% / S −0.0010% | pay 0.0007% / 1h | 40m 00s | $372K | — | 100x |
| Short | Lighter RH ZEC | 1,474.7 | 0.0504 | get 0.0063% / 1h | 40m 00s | $2.0M | $8.2M | 10x |
GMX ZEC/USD [WBTC.b-USDC]
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against GMX. 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
- $94.39
- Price spread: +0.119% → +0.042%
- $7.78
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $90.16
- Costs to cover
- 0.120%
- Break-even
- 0.3 days
Slippage unknown: GMX: no order-book sample; Lighter RH: live order book, 4 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 4 min ago | 1.39 bp | 2.1 bp −$2 | 4.0 bp −$40 | doesn't fit | doesn't fit |
GMX: 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 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 | −0.3089% | 1h | 1,472 | −0.062% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,472.7 | −0.016% | $17.9M | $44.3M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0195% | 1h | 1,470.5 | −0.163% | $399K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0104% | 8h | 1,472.4 | −0.037% | $29.6M | $75.4M | 75x | as long as short |
| Bybit ZECUSDT | −0.0099% | 8h | 1,471.5 | −0.094% | $275.0M | $657.0M | 75x | as long as short |
| ApeX Omni ZECUSDT | −0.0097% | 1h | 1,469.5 | −0.234% | $431K | $831K | 50x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,473.1 | +0.010% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0047% | 8h | 1,470.3 | −0.180% | $46.9M | $33.7M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.6 | −0.021% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.9 | +0.071% | $903K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Bybit ZECUSDT
ApeX Omni ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,473.3 | +0.025% | $84K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,473.1 | +0.011% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,472.8 | −0.007% | $295K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,470.7 | −0.152% | $4.6M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,473.1 | +0.013% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0034% | 8h | 1,472 | −0.060% | $180.7M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0046% | 8h | 1,472.8 | −0.010% | $50.9M | $186.0M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L +0.0055% / S −0.0010% | 1h | 1,472.9 | long leg | $372K | — | 100x | |
| Lighter ZEC | +0.0096% | 1h | 1,474.1 | +0.084% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.7 | −0.012% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.8 | −0.078% | $13K | $837K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.8 | −0.010% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.8 | +0.061% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,474 | +0.075% | $764.1M | $475.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.5 | −0.029% | $15.0M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,473.6 | +0.050% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.2 | −0.047% | $682.6M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,474.3 | +0.092% | $718K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,473.1 | +0.012% | $909K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.1 | −0.052% | $230.6M | $835.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.7 | −0.011% | $103.9M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.2 | −0.047% | $163.1M | $302.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,471.2 | −0.115% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469.5 | −0.233% | $513K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,472.3 | −0.039% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,472 | −0.062% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.6 | −0.020% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.3 | −0.038% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,471.3 | −0.112% | $449K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,475 | +0.141% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.6 | −0.024% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.6 | −0.086% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.1 | +0.014% | $3.9M | $5.3M | 50x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0103% | 1h | 1,473.8 | +0.060% | $615K | $1.3M | 25x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.4 | −0.031% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.4 | −0.031% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,473.4 | +0.037% | $826K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,475.8 | +0.196% | $3.8M | $10.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0438% | 1h | 1,473.5 | +0.043% | $2.4M | $3.7M | 15x | as long as short |
| Lighter RH ZECshort | +0.0504% | 1h | 1,474.7 | +0.119% | $2.0M | $8.2M | 10x | |
| Aftermath Perps ZECUSD | +0.0683% | 1h | 1,473 | +0.008% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Deribit ZEC_USDC-PERPETUAL
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD