Funding you earn now, next payment 07:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.064%
Price spread now: Coinbase International against Lighter−0.137%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Funding, last 7 days−0.250%−$25 on $10k
+Price spread, last 4 days (all we have)+0.518%+$52 · spread now −0.137%, 7d avg +0.059%
=Together, before fees+0.269%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.196% cheaper against Lighter than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of +0.059%). If the spread goes back, that is −$20 on $10k: about 3.1 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.250%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,507.3 | 0.0208 | pay 0.0026% / 1h | 16m 39s | $19.8M | $46.2M | 20x |
| Short | Coinbase International ZEC-PERP-INTX | 1,505.2 | 0.0416 | get 0.0052% / 1h | 16m 39s | $3.7M | $9.8M | 50x |
Lighter ZEC
Coinbase International ZEC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $43.68
- Price spread: −0.137% → +0.059%
- −$19.57
- Slippage, 4 orders
- −$17.01
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$2.91
- Costs to cover
- 0.270%
- Break-even
- 7.5 days
Slippage from Lighter: live order book, 7 min ago; Coinbase International: 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 Lighter live order book, 7 min ago | 0.49 bp | 0.5 bp $0 | 1.2 bp −$12 | 10.6 bp −$1,059 | 67.9 bp −$34.0K |
| Sell Coinbase International live order book, 2 min ago | 6.68 bp | 12.0 bp −$12 | 18.4 bp −$184 | 57.6 bp −$5,757 | 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 | −0.3442% | 1h | 1,479.6 | −1.836% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,504 | −0.214% | $62K | $303K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0158% | 8h | 1,505.2 | −0.137% | $31.3M | $76.1M | 75x | as long as short |
| Bulk ZEC-USD | −0.0108% | 1h | 1,495.7 | −0.766% | $810K | $100K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0101% | 1h | 1,498.6 | −0.572% | $48K | $58K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,503.3 | −0.264% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,505.6 | −0.112% | $418K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,505.5 | −0.118% | $1.5M | $4.4M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,505.4 | −0.123% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,505.7 | −0.105% | $18.1M | $47.1M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Bulk ZEC-USD
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0059% | 1h | 1,498 | −0.614% | $411K | $555K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,505.2 | −0.135% | $303K | $864K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0088% | 1h | 1,505.4 | −0.122% | $8K | $6K | 5x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,496 | −0.746% | $4.8M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,505.2 | −0.137% | $183K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,505.3 | −0.129% | $12K | $891K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,505.1 | −0.145% | $62K | $20K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,505.6 | −0.111% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,507.7 | +0.030% | $787.5M | $439.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,505.3 | −0.129% | $14.1M | $30.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,505.8 | −0.094% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,505.8 | −0.100% | $704.4M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,504.9 | −0.153% | $270.7M | $618.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,505 | −0.147% | $184.2M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,507.1 | −0.013% | $57.6M | $186.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,505.5 | −0.117% | $243.2M | $804.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,507.2 | −0.005% | $103.4M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,505.5 | −0.115% | $162.8M | $289.5M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,506.3 | −0.066% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,495.2 | −0.801% | $48.9M | $34.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,501.5 | −0.382% | $575K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,503.1 | −0.278% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.4 | −0.192% | $414K | $946K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,503.4 | −0.253% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,505.2 | −0.136% | $361K | $1.6M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,505.4 | −0.125% | $165K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,502.7 | −0.302% | $459K | $469K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,507.4 | +0.007% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,505.2 | −0.138% | $255K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,504.1 | −0.208% | $2.7M | $20.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,505.6 | −0.111% | $4.0M | $4.9M | 50x | as long as short |
| Lighter RH ZEC | +0.0104% | 1h | 1,506.9 | −0.025% | $2.2M | $7.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,507.2 | −0.003% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,505.5 | −0.117% | $43K | $151K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,505.5 | −0.117% | $948K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0146% / S −0.0144% | 1h | 1,505.5 | −0.116% | $335K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0187% | 1h | 1,506.2 | −0.067% | $688K | $1.4M | 25x | as long as short |
| Lighter ZEClong | +0.0208% | 1h | 1,507.3 | long leg | $19.8M | $46.2M | 20x | |
| Arcus ZEC-USD | +0.0403% | 1h | 1,505.9 | −0.088% | $609K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTXshort | +0.0416% | 1h | 1,505.2 | −0.137% | $3.7M | $9.8M | 50x | |
| Backpack ZEC_USDC_PERP | +0.0514% | 1h | 1,505.9 | −0.090% | $2.3M | $3.8M | 15x | as long as short |
Ondo Perps ZEC-USD.P
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
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
Lighter RH ZEC
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Backpack ZEC_USDC_PERP