Funding you earn now, next payment 07:00 UTC−0.0290%/8h= −31.7% APRnext payment −$0.36 per $10,000 · paid last 24h −0.038%
Price spread now: gTrade (Gains Network) against Lighter−0.323%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$2732.730% of the position
Funding, last 3 days (all we have)−0.268%−$27 on $10k
+Price spread, last 7 days+0.276%+$28 · spread now −0.323%, 7d avg −0.073%
=Together, before fees+0.008%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and gTrade (Gains Network) is 0.250% cheaper against Lighter than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,506.7 | 0.0296 | pay 0.0037% / 1h | 14m 23s | $19.8M | $46.5M | 20x |
| Short | gTrade (Gains Network) ZEC/USD | 1,501.8 | L +0.0007% / S −0.0006% | get 0.0001% / 1h | 14m 23s | $5.3M | — | 150x |
Lighter ZEC
gTrade (Gains Network) ZEC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$60.83
- Price spread: −0.323% → −0.073%
- −$25
- Slippage, 4 orders
- −$262.97
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$358.8
- Costs to cover
- 2.730%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 5 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, 5 min ago | 1.11 bp | 1.1 bp −$1 | 1.8 bp −$18 | 14.5 bp −$1,453 | 65.6 bp −$32.8K |
| Sell gTrade (Gains Network) virtual book (oracle venue), 5 min ago | 130.02 bp | 135.0 bp −$135 | 584.7 bp −$5,847 | doesn't fit | doesn't fit |
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 | −0.3684% | 1h | 1,478.1 | −1.898% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,499.9 | −0.454% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0171% | 8h | 1,503.4 | −0.219% | $30.5M | $75.4M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,499.3 | −0.490% | $18.2M | $46.5M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,505.4 | −0.087% | $6K | $1K | 10x | as long as short |
| Bulk ZEC-USD | −0.0051% | 1h | 1,487.2 | −1.297% | $898K | $9K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,503.3 | −0.226% | $418K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,501.9 | −0.321% | $1.6M | $4.6M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,499.5 | −0.477% | $685K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USDshort | L +0.0007% / S −0.0006% | 1h | 1,501.8 | −0.323% | $5.3M | — | 150x |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
Bulk ZEC-USD
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUALShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps ZECUSD | +0.0047% | 1h | 1,495.2 | −0.762% | $48K | $64K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0079% | 8h | 1,498.5 | −0.543% | $302K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,504.4 | −0.152% | $171K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,504.4 | −0.153% | $12K | $879K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,503.8 | −0.193% | $2.9M | $7.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,501 | −0.379% | $14.0M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,505.5 | −0.079% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,501.2 | −0.364% | $699.4M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,499.1 | −0.501% | $268.4M | $632.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,499.3 | −0.490% | $183.3M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,497.5 | −0.610% | $410K | $522K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,501.1 | −0.374% | $54.9M | $186.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,502 | −0.312% | $248.1M | $795.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,503.5 | −0.213% | $103.4M | $57.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,499.3 | −0.489% | $161.3M | $289.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,500.8 | −0.392% | — | $116.9M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,498.8 | −0.521% | $49.0M | $34.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,499.3 | −0.490% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,497.4 | −0.617% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,501.6 | −0.337% | $413K | $941K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,500 | −0.444% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,504.2 | −0.166% | $361K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,501.3 | −0.361% | $165K | $184K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,501.4 | −0.349% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,499.1 | −0.504% | $255K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,500.4 | −0.418% | $2.7M | $20.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,500.1 | −0.439% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,505.2 | −0.098% | $62K | $43K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,499.1 | −0.501% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,499 | −0.514% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0128% | 1h | 1,505.1 | −0.109% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,505.3 | −0.090% | $942K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0133% / S −0.0126% | 1h | 1,502.1 | −0.308% | $398K | — | 100x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,501.5 | −0.345% | $4.8M | $1.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0194% | 1h | 1,503.6 | −0.205% | $782.5M | $444.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0220% | 1h | 1,504.8 | −0.127% | $2.4M | $3.9M | 15x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,505.5 | −0.079% | $607K | $8.7M | 10x | as long as short |
| Lighter RH ZEC | +0.0248% | 1h | 1,507.2 | +0.032% | $2.1M | $7.4M | 10x | as long as short |
| Lighter ZEClong | +0.0296% | 1h | 1,506.7 | long leg | $19.8M | $46.5M | 20x | |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,504.9 | −0.120% | $3.7M | $10.2M | 50x | as long as short |
Aftermath Perps ZECUSD
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Katana Perps ZEC-USD
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Hyperliquid ZEC
Backpack ZEC_USDC_PERP
Arcus ZEC-USD
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX