Funding you earn now, next payment 21:00 UTC+0.0338%/8h= +37.0% APRnext payment +$0.42 per $10,000 · paid last 24h +0.011%
Price spread now: Arcus against Lighter RH−0.043%7-day average −0.023% · 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−$170.168% of the position
Funding, last 3 days (all we have)+0.006%+$1 on $10k
+Price spread, last 7 days+0.089%+$9 · spread now −0.043%, 7d avg −0.023%
=Together, before fees+0.095%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Arcus is 0.020% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.023%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$10 a day). At the pace of the last 3 days (+0.006% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.006% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ZEC | 1,483.2 | 0.0200 | pay 0.0025% / 1h | 32m 40s | $1.6M | $7.5M | 10x |
| Short | Arcus ZEC-USD | 1,482.6 | 0.0538 | get 0.0067% / 1h | 32m 40s | $711K | $7.5M | 10x |
Lighter RH ZEC
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter RH. 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
- $70.88
- Price spread: −0.043% → −0.023%
- −$2.05
- Slippage, 4 orders
- −$12.3
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $52.03
- Costs to cover
- 0.168%
- Break-even
- 1.9 days
Slippage from Lighter RH: live order book, 2 min ago; Arcus: 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 RH live order book, 2 min ago | 1.93 bp | 3.9 bp −$4 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 2 min ago | 0.00 bp | 7.4 bp −$7 | 10.8 bp −$108 | 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 | −0.3181% | 1h | 1,476.9 | −0.427% | $34K | $159K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0092% | 1h | 1,475.7 | −0.507% | $735K | $601K | 50x | as long as short |
| Variational Omni ZEC | −0.0090% | 8h | 1,479.3 | −0.263% | $47.8M | $30.5M | — | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,481.5 | −0.117% | $6K | $2K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0068% | 8h | 1,481.8 | −0.093% | $29.9M | $78.1M | 75x | as long as short |
| Bybit ZECUSDT | −0.0064% | 8h | 1,480 | −0.218% | $277.6M | $691.3M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0052% | 1h | 1,479.2 | −0.273% | $18.0M | $44.9M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | −0.0007% | 8h | 1,479.3 | −0.264% | $287K | $1.5M | 20x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,481.2 | −0.136% | $417K | $107K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,481.5 | −0.114% | $990K | $5.4M | 2.2x | as long as short |
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
Variational Omni ZEC
Hotstuff ZEC-PERP
BloFin ZEC-USDT
Bybit ZECUSDT
Kraken Futures PF_ZECUSD
Orderly PERP_ZEC_USDC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,478.8 | −0.297% | $84K | $416K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,479.4 | −0.259% | $5.2M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0015% | 8h | 1,480.6 | −0.174% | $178.2M | $1.41B | 50x | as long as short |
| Aster ZECUSDT | +0.0039% | 8h | 1,482.3 | −0.061% | $15.3M | $34.7M | 75x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,479.2 | −0.268% | $4.7M | $1.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0059% / S +0.0051% | 1h | 1,479.4 | −0.259% | $580K | — | 100x | as long as short |
| MEXC ZEC_USDT | +0.0066% | 8h | 1,480.2 | −0.205% | $233.2M | $928.2M | 150x | as long as short |
| Binance ZECUSDT | +0.0069% | 8h | 1,480.3 | −0.194% | $677.9M | $2.57B | 75x | as long as short |
| Gate ZEC_USDT | +0.0069% | 8h | 1,480.8 | −0.161% | $51.2M | $184.9M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,482.4 | −0.055% | $9K | $7K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0083% | 1h | 1,476.3 | −0.466% | $400K | $538K | 5x | as long as short |
| Polymarket Perps ZEC-USD | +0.0085% | 1h | 1,478.5 | −0.318% | $315K | $2.4M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0093% | 8h | 1,482.4 | −0.055% | $12K | $886K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,481.3 | −0.126% | $174K | $2.0M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0096% | 1h | 1,479 | −0.285% | $37K | $362K | 20x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,480.7 | −0.172% | $61K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,479.4 | −0.256% | $3.1M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,483.2 | −0.001% | $773.8M | $509.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,481.8 | −0.094% | $1.7M | $3.2M | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,482.5 | −0.049% | $104.6M | $58.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,480.5 | −0.181% | $172.7M | $317.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,480.8 | −0.160% | — | $113.2M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,482.8 | −0.030% | $2.4M | $3.9M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,476.5 | −0.453% | $495K | $10.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,478.1 | −0.348% | $3.0M | $514K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,476.8 | −0.431% | $111K | $4.8M | 30x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,478.9 | −0.288% | $130K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,477.5 | −0.384% | $449K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,483.4 | +0.011% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,478.8 | −0.296% | $225K | $4.8M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,480.1 | −0.211% | $2.4M | $26.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,481 | −0.152% | $3.8M | $5.7M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,481.7 | −0.102% | $914K | $30K | 10x | as long as short |
| RISEx ZEC/USDC | +0.0138% | 1h | 1,481.6 | −0.108% | $873K | $2.5M | 10x | as long as short |
| Lighter RH ZEClong | +0.0200% | 1h | 1,483.2 | long leg | $1.6M | $7.5M | 10x | |
| Deribit ZEC_USDC-PERPETUAL | +0.0228% | 1h | 1,479.9 | −0.224% | $590K | $1.4M | 25x | as long as short |
| Lighter ZEC | +0.0312% | 1h | 1,481.7 | −0.099% | $19.6M | $54.1M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,481.4 | −0.122% | $3.8M | $11.9M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0493% | 1h | 1,476.6 | −0.444% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USDshort | +0.0538% | 1h | 1,482.6 | −0.043% | $711K | $7.5M | 10x | |
| Extended ZEC-USD | +0.0592% | 1h | 1,480.2 | −0.203% | $3.9M | $5.2M | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
Aster ZECUSDT
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
MEXC ZEC_USDT
Binance ZECUSDT
Gate ZEC_USDT
01 Exchange ZECUSD
Ondo Perps ZEC-USD.P
Polymarket Perps ZEC-USD
Katana Perps ZEC-USD
Popdex ZECUSDT
Aevo ZEC-PERP
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Extended ZEC-USD