Funding you earn now, next payment 03:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.033%
Price spread now: BingX against Lighter−0.086%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 7 days−0.466%−$47 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now −0.086%, 7d avg −0.069%
=Together, before fees−0.453%+ Points / potential airdropLighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,466.7 | 0.0128 | pay 0.0016% / 1h | 56m 28s | $19.2M | $45.8M | 20x |
| Short | BingX ZEC-USDT | 1,465.4 | 0.0100 | get 0.0100% / 8h | 5h 56m | — | $97.3M | — |
Lighter ZEC
BingX ZEC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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
- −$5.88
- Price spread: −0.086% → −0.069%
- −$1.67
- Slippage, 4 orders
- −$15.33
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$32.88
- Costs to cover
- 0.253%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; BingX: live order book, 13 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 Lighter live order book, 7 min ago | 0.77 bp | 0.8 bp −$1 | 4.3 bp −$43 | 16.5 bp −$1,652 | 70.8 bp −$35.4K |
| Sell BingX live order book, 13 min ago | 0.10 bp | 18.4 bp −$18 | 20.5 bp −$205 | 26.6 bp −$2,658 | 36.4 bp −$18.2K |
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 | −0.3244% | 1h | 1,469.5 | +0.194% | $34K | $272K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0129% | 1h | 1,465.5 | −0.081% | $397K | $440K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,465.6 | −0.071% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,465.7 | −0.064% | $413K | $47K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,466.2 | −0.035% | $972K | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,464.8 | −0.128% | $84K | $249K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,466.5 | −0.016% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0033% | 8h | 1,463.6 | −0.210% | $292K | $984K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,465.8 | −0.062% | $8K | $8K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,464 | −0.185% | $383K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0070% | 1h | 1,469.6 | +0.200% | $4.6M | $1.4M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0078% | 1h | 1,464.6 | −0.144% | $609K | $1.3M | 25x | as long as short |
| Variational Omni ZEC | +0.0079% | 8h | 1,468.1 | +0.097% | $48.0M | $32.4M | — | as long as short |
| OKX ZEC-USDT-SWAP | +0.0096% | 8h | 1,465.5 | −0.080% | $180.6M | $1.24B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,465.4 | −0.086% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,464.9 | −0.124% | $17K | $839K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,465.8 | −0.060% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,465.8 | −0.063% | $2.5M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,466.4 | −0.019% | $763.9M | $435.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,465.2 | −0.101% | $14.7M | $28.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,465.7 | −0.070% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,465.4 | −0.086% | $677.4M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,465.3 | −0.095% | $271.7M | $604.6M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,466.6 | −0.007% | $890K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,465.4 | −0.091% | $50.1M | $169.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,465.4 | −0.088% | $216.1M | $768.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,465.3 | −0.095% | $103.0M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,465.6 | −0.075% | $162.8M | $275.2M | 75x | as long as short |
| BingX ZEC-USDTshort | +0.0100% | 8h | 1,465.4 | −0.086% | — | $97.3M | — | |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468 | +0.092% | $571K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,469.2 | +0.170% | $3.0M | $430K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.2 | +0.168% | $427K | $880K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,467.9 | +0.084% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,465.2 | −0.101% | $343K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,465.5 | −0.079% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,462.3 | −0.297% | $446K | $512K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,468.8 | +0.145% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,464.1 | −0.175% | $241K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,464.1 | −0.178% | $2.5M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,464.5 | −0.149% | $3.9M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,465.5 | −0.081% | $2.8M | $7.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,463.8 | −0.199% | $48K | $155K | 20x | as long as short |
| Lighter ZEClong | +0.0128% | 1h | 1,466.7 | long leg | $19.2M | $45.8M | 20x | |
| Lighter RH ZEC | +0.0144% | 1h | 1,467.5 | +0.052% | $2.1M | $6.8M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0195% | 1h | 1,464.1 | −0.174% | $18.0M | $43.7M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0252% | 1h | 1,464.9 | −0.123% | $2.4M | $3.8M | 15x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,467.2 | +0.034% | $701K | $8.5M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,466.1 | −0.040% | $851K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,465.9 | −0.051% | $3.7M | $8.9M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0733% | 1h | 1,467.9 | +0.086% | $43K | $46K | 10x | as long as short |
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
Variational Omni ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
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 RH ZEC
Kraken Futures PF_ZECUSD
Backpack ZEC_USDC_PERP
Arcus ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD