Funding you earn now, next payment 07:00 UTC−0.0204%/8h= −22.3% APRnext payment −$0.26 per $10,000 · paid last 24h −0.010%
Price spread now: Nado against Lighter−0.093%7-day average −0.034% · 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−$19as in the Price arb table
costs, in and out, $10k−$130.130% of the position
Funding, last 3 days (all we have)−0.172%−$17 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now −0.093%, 7d avg −0.034%
=Together, before fees−0.080%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Nado is 0.060% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,498.2 | 0.0304 | pay 0.0038% / 1h | 19m 19s | $19.8M | $46.0M | 20x |
| Short | Nado ZEC-PERP | 1,496.8 | 0.0100 | get 0.0012% / 1h | 19m 19s | $2.7M | $7.1M | 10x |
Lighter ZEC
Nado ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$42.84
- Price spread: −0.093% → −0.034%
- −$5.95
- Slippage, 4 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$61.8
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 10 min ago; Nado: live order book, 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, 10 min ago | 1.09 bp | 1.8 bp −$2 | 2.8 bp −$28 | 14.0 bp −$1,398 | 70.5 bp −$35.3K |
| Sell Nado live order book, 5 min ago | 0.03 bp | 4.6 bp −$5 | 9.1 bp −$91 | 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 | 1,461.9 | −2.423% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,495.1 | −0.211% | $62K | $303K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0147% | 8h | 1,488.2 | −0.669% | $30.5M | $74.5M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,496.4 | −0.118% | $18.2M | $46.6M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,496.8 | −0.091% | $6K | $1K | 10x | as long as short |
| Bulk ZEC-USD | −0.0051% | 1h | 1,487.2 | −0.738% | $898K | $9K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,496.4 | −0.124% | $416K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,489.5 | −0.582% | $1.6M | $4.6M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,487.2 | −0.735% | $5.3M | — | 150x | as long as short |
| Aftermath Perps ZECUSD | +0.0076% | 1h | 1,485.9 | −0.823% | $47K | $64K | 10x | 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
gTrade (Gains Network) ZEC/USD
Aftermath Perps ZECUSDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0078% | 8h | 1,496.3 | −0.126% | $301K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,496.9 | −0.088% | $169K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,495.9 | −0.153% | $12K | $876K | 10x | as long as short |
| Nado ZEC-PERPshort | +0.0100% | 1h | 1,496.8 | −0.093% | $2.7M | $7.1M | 10x | |
| Aster ZECUSDT | +0.0100% | 8h | 1,496.4 | −0.119% | $14.0M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,496.5 | −0.116% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,496.4 | −0.119% | $697.3M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,495.8 | −0.159% | $267.7M | $633.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,496.4 | −0.123% | $182.6M | $1.33B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,484.2 | −0.935% | $406K | $512K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,496.5 | −0.111% | $55.0M | $184.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,496.3 | −0.125% | $247.6M | $790.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,497.3 | −0.062% | $103.0M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,496.5 | −0.117% | $161.1M | $289.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,495.3 | −0.193% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,485.5 | −0.846% | $48.4M | $34.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,485.6 | −0.843% | $570K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,487.2 | −0.734% | $3.0M | $511K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,488.1 | −0.673% | $410K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,487.4 | −0.725% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,497.1 | −0.074% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,496.8 | −0.097% | $164K | $184K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,499 | +0.053% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,495.8 | −0.163% | $255K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,490 | −0.549% | $2.7M | $20.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,490.5 | −0.518% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,496.7 | −0.098% | $62K | $43K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,496.5 | −0.116% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,496.5 | −0.113% | $43K | $152K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,496.7 | −0.099% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,496.6 | −0.108% | $937K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,487.9 | −0.685% | $4.7M | $1.4M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0145% | 1h | 1,490.5 | −0.515% | $2.3M | $3.9M | 15x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0151% / S −0.0165% | 1h | 1,496.9 | −0.090% | $485K | — | 100x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,497 | −0.083% | $632K | $8.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0227% | 1h | 1,497.4 | −0.054% | $778.0M | $443.0M | 10x | as long as short |
| Lighter RH ZEC | +0.0248% | 1h | 1,496.8 | −0.092% | $2.1M | $7.4M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0270% | 1h | 1,497.6 | −0.041% | $684K | $1.4M | 25x | as long as short |
| Lighter ZEClong | +0.0304% | 1h | 1,498.2 | long leg | $19.8M | $46.0M | 20x | |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,498.3 | +0.006% | $3.7M | $10.1M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Katana Perps ZEC-USD
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-USDC
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
Phoenix ZEC
Backpack ZEC_USDC_PERP
GMX ZEC/USD [WBTC.b-USDC]
Arcus ZEC-USD
Hyperliquid ZEC
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX