Funding you earn now, next payment 07:00 UTC−0.0153%/8h= −16.7% APRnext payment −$0.19 per $10,000 · paid last 24h −0.019%
Price spread now: GMX against Lighter−0.010%7-day average −0.039% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.298%−$30 on $10k
+Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.010%, 7d avg −0.039%
=Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GMX is 0.029% dearer against Lighter than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.039%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,495.5 | 0.0280 | pay 0.0035% / 1h | 13m 03s | $19.5M | $46.6M | 20x |
| Short | GMX ZEC/USD [WBTC.b-USDC] | 1,495.3 | L +0.0134% / S −0.0127% | get 0.0016% / 1h | 13m 03s | $396K | — | 100x |
Lighter ZEC
GMX ZEC/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$32.09
- Price spread: −0.010% → −0.039%
- $2.91
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$41.17
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; GMX: no order-book sample. 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 Lighter live order book, 6 min ago | 1.11 bp | 1.1 bp −$1 | 1.8 bp −$18 | 14.5 bp −$1,453 | 65.6 bp −$32.8K |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 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 | −1.163% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,495.9 | +0.027% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0171% | 8h | 1,494.1 | −0.093% | $30.3M | $75.0M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,494.4 | −0.072% | $18.1M | $46.5M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,505.4 | +0.663% | $6K | $1K | 10x | as long as short |
| Bulk ZEC-USD | −0.0051% | 1h | 1,487.2 | −0.557% | $898K | $9K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,496.6 | +0.077% | $416K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,497.7 | +0.147% | $1.6M | $4.6M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,495 | −0.030% | $683K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,495.6 | +0.007% | $5.3M | — | 150x | as long as short |
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-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps ZECUSD | +0.0037% | 1h | 1,495.2 | −0.016% | $48K | $64K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0079% | 8h | 1,495 | −0.033% | $301K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,496.6 | +0.076% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,496.9 | +0.097% | $12K | $876K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,496.4 | +0.058% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,496.9 | +0.097% | $3.0M | $7.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,494.1 | −0.093% | $13.9M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,496.9 | +0.097% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,494.6 | −0.056% | $696.4M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,494.4 | −0.075% | $267.2M | $632.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,494.4 | −0.075% | $182.5M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,498.7 | +0.215% | $410K | $552K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,494.1 | −0.094% | $54.7M | $186.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,494.3 | −0.082% | $244.5M | $796.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,494.6 | −0.061% | $102.8M | $57.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,494.3 | −0.076% | $160.7M | $289.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,494.8 | −0.045% | — | $116.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,498.8 | +0.225% | $49.0M | $34.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,499.9 | +0.294% | $575K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,505 | +0.637% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,503.1 | +0.511% | $414K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,500 | +0.303% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,496.8 | +0.088% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,495.4 | −0.006% | $164K | $184K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,497.9 | +0.159% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,494 | −0.098% | $254K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,494.2 | −0.088% | $2.7M | $20.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,494.7 | −0.053% | $4.0M | $5.0M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,494.3 | −0.076% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,494.4 | −0.075% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,496.9 | +0.096% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,496.7 | +0.082% | $940K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]short | L +0.0134% / S −0.0127% | 1h | 1,495.3 | −0.010% | $396K | — | 100x | |
| Phoenix ZEC | +0.0134% | 1h | 1,501.5 | +0.402% | $4.8M | $1.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0178% | 1h | 1,495.2 | −0.019% | $778.3M | $445.2M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,497.5 | +0.138% | $603K | $8.7M | 10x | as long as short |
| Lighter RH ZEC | +0.0232% | 1h | 1,495.7 | +0.015% | $2.1M | $7.4M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0233% | 1h | 1,494.6 | −0.059% | $2.3M | $3.9M | 15x | as long as short |
| Lighter ZEClong | +0.0280% | 1h | 1,495.5 | long leg | $19.5M | $46.6M | 20x | |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,496.9 | +0.094% | $3.7M | $10.1M | 50x | as long as short |
Aftermath Perps ZECUSD
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
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
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
Phoenix ZEC
Hyperliquid ZEC
Arcus ZEC-USD
Lighter RH ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX