Funding you earn now, next payment 02:00 UTC+0.0332%/8h= +36.4% APRpaid last 24h +0.026%
Price spread now: Lighter RH against Katana Perps+0.169%7-day average +0.066% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.040%+$4 on $10k
+Price spread, last 7 days−0.202%−$20 · spread now +0.169%, 7d avg +0.066%
=Together, before fees−0.162%+ Points / potential airdropLighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter RH is 0.104% dearer against Katana Perps than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.066%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.040% in total (about 3.9% a year). A funding rate is set anew for every payment. 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 | Katana Perps ZEC-USD | 1,469 | 0.0100 | pay 0.0100% / 8h | 6h 58m | $11K | $837K | 10x |
| Short | Lighter RH ZEC | 1,471.5 | 0.0432 | get 0.0054% / 1h | 58m 00s | $2.1M | $7.0M | 10x |
Katana Perps ZEC-USD
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Katana Perps. 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
- $69.76
- Price spread: +0.169% → +0.066%
- $10.36
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $76.32
- Costs to cover
- 0.038%
- Break-even
- from the start
Slippage unknown: Katana Perps: no order-book sample; Lighter RH: live order book, 6 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 6 min ago | 1.46 bp | 3.8 bp −$4 | 6.0 bp −$60 | doesn't fit | doesn't fit |
Katana 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 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 | −0.3678% | 1h | 1,469.8 | +0.054% | $34K | $274K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0238% | 1h | 1,469.2 | +0.012% | $398K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0112% | 8h | 1,470.9 | +0.127% | $29.8M | $72.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,468.9 | −0.008% | $6K | $1K | 10x | as long as short |
| Variational Omni ZEC | −0.0007% | 8h | 1,467.9 | −0.076% | $47.8M | $33.5M | — | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,469.7 | +0.045% | $17.9M | $43.0M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,468.6 | −0.029% | $414K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,470 | +0.063% | $959K | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,469.4 | +0.023% | $84K | $405K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,469.7 | +0.042% | $5.2M | — | 150x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,469.4 | +0.022% | $8K | $9K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0023% | 8h | 1,469.6 | +0.037% | $293K | $1.1M | 20x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,469.5 | +0.034% | $4.6M | $1.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,469.8 | +0.050% | $378K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0069% | 8h | 1,471 | +0.131% | $180.9M | $1.28B | 50x | as long as short |
| Gate ZEC_USDT | +0.0089% | 8h | 1,470 | +0.063% | $49.9M | $173.1M | 75x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.5 | +0.034% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USDlong | +0.0100% | 8h | 1,469 | long leg | $11K | $837K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.2 | −0.057% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,469.1 | +0.004% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471.2 | +0.148% | $765.8M | $451.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.2 | +0.076% | $14.9M | $31.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,468.7 | −0.021% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.8 | +0.118% | $683.1M | $2.34B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,470.6 | +0.106% | $272.3M | $626.4M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,467.8 | −0.083% | $893K | $21K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470.2 | +0.079% | $218.2M | $789.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469.6 | +0.035% | $103.8M | $55.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.9 | +0.124% | $163.5M | $287.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,470.4 | +0.093% | — | $100.1M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469.7 | +0.049% | $572K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.8 | −0.015% | $3.0M | $450K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.8 | +0.049% | $427K | $882K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.7 | +0.116% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470 | +0.066% | $340K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470 | +0.068% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468 | −0.069% | $458K | $510K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.4 | +0.229% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.7 | +0.043% | $242K | $3.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,468.7 | −0.025% | $2.5M | $19.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.2 | +0.078% | $3.8M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.8 | +0.119% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,469.3 | +0.017% | $52K | $163K | 20x | as long as short |
| Lighter ZEC | +0.0136% | 1h | 1,471.5 | +0.165% | $19.2M | $47.8M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0158% | 1h | 1,470.3 | +0.084% | $605K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,469.9 | +0.061% | $692K | $8.6M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,469.5 | +0.032% | $853K | $1.0M | 10x | as long as short |
| Lighter RH ZECshort | +0.0432% | 1h | 1,471.5 | +0.169% | $2.1M | $7.0M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,471.8 | +0.186% | $3.7M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0486% | 1h | 1,470.8 | +0.118% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0743% | 1h | 1,470.5 | +0.103% | $43K | $46K | 10x | as long as short |
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD