Funding you earn now, next payment 07:00 UTC−0.0127%/8h= −13.9% APRnext payment −$0.16 per $10,000 · paid last 24h +0.006%
Price spread now: RISEx against Lighter−0.229%7-day average −0.047% · 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−$30as in the Price arb table
costs, in and out, $10k−$120.119% of the position
Funding, last 4 days (all we have)+0.023%+$2 on $10k
+Price spread, last 7 days+0.160%+$16 · spread now −0.229%, 7d avg −0.047%
=Together, before fees+0.182%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and RISEx is 0.182% cheaper against Lighter than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,486.1 | 0.0256 | pay 0.0032% / 1h | 51m 23s | $19.4M | $45.4M | 20x |
| Short | RISEx ZEC/USDC | 1,482.7 | 0.0129 | get 0.0016% / 1h | 51m 23s | $927K | $1.2M | 10x |
Lighter ZEC
RISEx ZEC/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$26.58
- Price spread: −0.229% → −0.047%
- −$18.15
- Slippage, 4 orders
- −$5.85
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$56.59
- Costs to cover
- 0.119%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; RISEx: 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, 8 min ago | 0.72 bp | 0.7 bp −$1 | 2.0 bp −$20 | 15.4 bp −$1,543 | 73.7 bp −$36.8K |
| Sell RISEx live order book, 2 min ago | 1.41 bp | 4.4 bp −$4 | 8.4 bp −$84 | doesn't fit | 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 | −0.3684% | 1h | 1,491.6 | +0.369% | $34K | $273K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0140% | 1h | 1,485.7 | −0.025% | $411K | $932K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0123% | 8h | 1,485.7 | −0.026% | $30.6M | $73.7M | 75x | as long as short |
| Bulk ZEC-USD | −0.0097% | 1h | 1,490.7 | +0.307% | $901K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0097% | 1h | 1,483.1 | −0.200% | $18.0M | $46.4M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,485.8 | −0.018% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,484.9 | −0.079% | $413K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,486.4 | +0.023% | $1.6M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,482.4 | −0.251% | $61K | $294K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,483.1 | −0.201% | $5.3M | — | 150x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Bulk ZEC-USD
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0072% | 8h | 1,483 | −0.208% | $298K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,483.1 | −0.202% | $157K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,482.7 | −0.227% | $2.8M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,484.3 | −0.121% | $772.1M | $438.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,483.1 | −0.203% | $14.1M | $30.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,484.6 | −0.099% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,483.3 | −0.187% | $690.8M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,483.3 | −0.189% | $269.1M | $626.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,483 | −0.206% | $179.9M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,487 | +0.061% | $405K | $507K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,483.1 | −0.205% | $54.0M | $179.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,483.5 | −0.175% | $230.2M | $773.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,482.8 | −0.224% | $101.9M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,483.5 | −0.177% | $160.3M | $287.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,482.5 | −0.245% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,485.5 | −0.039% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,493.6 | +0.505% | $48.8M | $33.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,488.1 | +0.137% | $569K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,485.4 | −0.047% | $3.1M | $477K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,486.2 | +0.006% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,482.6 | −0.235% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,483.4 | −0.183% | $163K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,482.2 | −0.259% | $453K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,485.3 | −0.054% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,483.3 | −0.191% | $253K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,484.4 | −0.112% | $2.6M | $19.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,485.4 | −0.047% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,482 | −0.279% | $61K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,482.9 | −0.217% | $11K | $862K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,483.1 | −0.199% | $2.7M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,483.3 | −0.186% | $45K | $149K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,483.1 | −0.202% | $8K | $7K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0120% / S −0.0104% | 1h | 1,483.1 | −0.203% | $430K | — | 100x | as long as short |
| RISEx ZEC/USDCshort | +0.0129% | 1h | 1,482.7 | −0.229% | $927K | $1.2M | 10x | |
| Phoenix ZEC | +0.0134% | 1h | 1,490.8 | +0.319% | $4.7M | $1.4M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,485.8 | −0.020% | $621K | $8.6M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0248% | 1h | 1,489.5 | +0.232% | $48K | $63K | 10x | as long as short |
| Lighter ZEClong | +0.0256% | 1h | 1,486.1 | long leg | $19.4M | $45.4M | 20x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0276% | 1h | 1,484.1 | −0.134% | $706K | $1.4M | 25x | as long as short |
| Lighter RH ZEC | +0.0296% | 1h | 1,484.3 | −0.121% | $2.1M | $7.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,488 | +0.128% | $3.6M | $9.9M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Nado ZEC-PERP
Hyperliquid ZEC
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
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX