Funding you earn now, next payment 01:00 UTC−0.0056%/8h= −6.2% APRpaid last 24h −0.042%
Price spread now: OKX against Lighter−0.090%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$140.140% of the position
Funding, last 7 days−0.488%−$49 on $10k
+Price spread, last 7 days+0.025%+$2 · spread now −0.090%, 7d avg −0.073%
=Together, before fees−0.463%+ Points / potential airdropLighter: Season 3 · farm board−$46 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: −$2 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 | 1,476.3 | 0.0096 | pay 0.0012% / 1h | 52m 16s | $19.2M | $50.2M | 20x |
| Short | OKX ZEC-USDT-SWAP | 1,475 | 0.0040 | get 0.0040% / 8h | 7h 52m | $182.5M | $1.33B | 50x |
Lighter ZEC
OKX ZEC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$11.82
- Price spread: −0.090% → −0.073%
- −$1.79
- Slippage, 4 orders
- −$3.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$27.59
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; OKX: 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 | 0.81 bp | 2.4 bp −$2 | 5.4 bp −$54 | 19.5 bp −$1,950 | 78.1 bp −$39.1K |
| Sell OKX live order book, 2 min ago | 0.03 bp | 5.7 bp −$6 | 9.0 bp −$90 | 18.0 bp −$1,799 | 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 | −0.3321% | 1h | 1,475 | −0.092% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,474.8 | −0.104% | $18.0M | $43.8M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0192% | 1h | 1,474.9 | −0.097% | $399K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0104% | 8h | 1,476.6 | +0.019% | $29.6M | $74.8M | 75x | as long as short |
| Bybit ZECUSDT | −0.0100% | 8h | 1,474 | −0.158% | $275.2M | $647.0M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,477.2 | +0.059% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0060% | 8h | 1,472.4 | −0.267% | $47.7M | $34.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,477.7 | +0.093% | $416K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,477.3 | +0.065% | $960K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,476.6 | +0.015% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,477.4 | +0.074% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,475 | −0.088% | $295K | $1.4M | 20x | as long as short |
| OKX ZEC-USDT-SWAPshort | +0.0040% | 8h | 1,475 | −0.090% | $182.5M | $1.33B | 50x | |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,477.5 | +0.078% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,477 | +0.044% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,477.2 | +0.061% | $378K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0087% | 8h | 1,477 | +0.048% | $51.6M | $177.9M | 75x | as long as short |
| Lighter ZEClong | +0.0096% | 1h | 1,476.3 | long leg | $19.2M | $50.2M | 20x | |
| Popdex ZECUSDT | +0.0096% | 1h | 1,476.7 | +0.025% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,477.5 | +0.080% | $13K | $855K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,476.5 | +0.011% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,477.3 | +0.063% | $2.6M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,478.1 | +0.118% | $766.4M | $459.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,477.1 | +0.053% | $15.0M | $32.3M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,477.3 | +0.064% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.6 | −0.117% | $684.8M | $2.44B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,478 | +0.110% | $686K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,470.8 | −0.378% | $895K | $33K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,476.9 | +0.035% | $232.6M | $821.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,476.7 | +0.027% | $105.3M | $56.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,475.2 | −0.078% | $164.1M | $299.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,476.9 | +0.039% | — | $101.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472 | −0.297% | $550K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,474.1 | −0.151% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,472.7 | −0.245% | $432K | $851K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.6 | +0.017% | $111K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,476.4 | +0.004% | $335K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,476.9 | +0.035% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473.7 | −0.179% | $459K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,478.7 | +0.162% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474.8 | −0.103% | $243K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,475.8 | −0.036% | $2.5M | $22.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,475.2 | −0.079% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,475.5 | −0.054% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.2 | −0.349% | $82K | $250K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0185% | 1h | 1,476 | −0.022% | $616K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,477.3 | +0.068% | $844K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,477.8 | +0.099% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZEC | +0.0640% | 1h | 1,477 | +0.048% | $2.0M | $8.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0652% | 1h | 1,478 | +0.114% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0777% | 1h | 1,475.7 | −0.040% | $46K | $46K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD