ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0393%/8h= +43.0% APRnext payment +$0.49 per $10,000 · paid last 24h +0.094%

Price spread now: Lighter RH against Kraken Futures−0.053%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs+$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Kraken Futures Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.468%+$47 on $10k

Price spread, last 4 days (all we have)−0.225%−$23 · spread now −0.053%, 7d avg +0.051%

Together, before fees+0.243%+ Points / potential airdropLighter RH: Points live · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.104% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.051%). If the spread goes back, that is −$10 on $10k: about 21 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,485.1	−0.0097	get 0.0012% / 1h	51m 44s	$18.0M	$46.4M	25x
Short	Lighter RH ZEC	1,484.3	0.0296	get 0.0037% / 1h	51m 44s	$2.1M	$7.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Kraken Futures. 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 Kraken FuturesbpFee Lighter RHbpOrdersPrice spread, now −0.053%Rate

Funding earned: $82.47
Price spread: −0.053% → +0.051%: −$10.37
Slippage, 4 orders: −$13.01
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $49.09
Costs to cover: 0.230%
Break-even: 2.8 days

Slippage from Kraken Futures: live order book, 2 min ago; Lighter RH: live order book, 2 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 Kraken Futures live order book, 2 min ago	0.50 bp	8.0 bp −$8	11.6 bp −$116	22.9 bp −$2,286	96.0 bp −$48.0K
Sell Lighter RH live order book, 2 min ago	1.54 bp	1.5 bp −$2	4.5 bp −$45	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	−0.3684%	1h	1,491.6	+0.438%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0123%	8h	1,485.7	+0.043%	$30.6M	$73.7M	75x	as long as short
ApeX Omni ZECUSDT	−0.0117%	1h	1,492.3	+0.484%	$413K	$931K	50x	as long as short
Bulk ZEC-USD	−0.0097%	1h	1,490.7	+0.375%	$901K	$15K	10x	as long as short
Kraken Futures PF_ZECUSDlong	−0.0097%	1h	1,485.1	long leg	$18.0M	$46.4M	25x
Hotstuff ZEC-PERP	−0.0080%	1h	1,490.4	+0.355%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,484.9	−0.011%	$413K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,486.4	+0.091%	$1.6M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,484.4	−0.046%	$61K	$293K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,485.7	+0.043%	$5.3M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0072%	8h	1,485.1	+0.001%	$298K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,486.1	+0.069%	$157K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,485.5	+0.031%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,484.3	−0.055%	$14.1M	$30.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,484.6	−0.030%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,484.9	−0.015%	$691.6M	$2.29B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,481.5	−0.244%	$269.1M	$626.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,482	−0.211%	$180.5M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,487	+0.129%	$405K	$507K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,484.8	−0.021%	$54.0M	$179.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,482.2	−0.195%	$229.3M	$773.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,484.5	−0.040%	$102.0M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,482.2	−0.191%	$160.0M	$287.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,481.5	−0.244%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,485.5	+0.029%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,493.6	+0.574%	$48.8M	$33.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,493.8	+0.588%	$571K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,491.2	+0.410%	$3.1M	$477K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,490.7	+0.381%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,485.2	+0.008%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,485.3	+0.015%	$164K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,484.6	−0.034%	$453K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,487.7	+0.176%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,485.2	+0.007%	$253K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,484.4	−0.044%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,485.4	+0.021%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,482	−0.210%	$61K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,486.3	+0.083%	$11K	$862K	10x	as long as short
Hyperliquid ZEC	+0.0104%	1h	1,486	+0.062%	$773.3M	$437.9M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,484.9	−0.011%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,485.2	+0.008%	$45K	$149K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0120% / S −0.0104%	1h	1,485.5	+0.031%	$430K	—	100x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,486.7	+0.106%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,486.2	+0.077%	$930K	$1.2M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,490.8	+0.387%	$4.7M	$1.4M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,485.8	+0.049%	$621K	$8.6M	10x	as long as short
Aftermath Perps ZECUSD	+0.0251%	1h	1,490.8	+0.385%	$48K	$63K	10x	as long as short
Lighter ZEC	+0.0256%	1h	1,486.1	+0.069%	$19.4M	$45.4M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0267%	1h	1,486.3	+0.079%	$707K	$1.4M	25x	as long as short
Lighter RH ZECshort	+0.0296%	1h	1,484.3	−0.053%	$2.1M	$7.3M	10x
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,488	+0.196%	$3.6M	$9.9M	50x	as long as short