Funding you earn now, next payment 07:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.042%
Price spread now: Bullet against Lighter RH−0.124%7-day average −0.068% · 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−$22as in the Price arb table
costs, in and out, $10k−$170.166% of the position
Funding, last 3 days (all we have)−0.065%−$7 on $10k
+Price spread, last 4 days (all we have)+0.271%+$27 · spread now −0.124%, 7d avg −0.068%
=Together, before fees+0.206%+ Points / potential airdropLighter RH: Points live · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bullet is 0.056% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.068%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ZEC | 1,500.6 | 0.0256 | pay 0.0032% / 1h | 15m 55s | $2.1M | $7.4M | 10x |
| Short | Bullet ZEC-USD | 1,498.7 | 0.0100 | get 0.0013% / 1h | 15m 55s | $165K | $184K | 20x |
Lighter RH ZEC
Bullet ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- −$32.76
- Price spread: −0.124% → −0.068%
- −$5.61
- Slippage, 4 orders
- −$8.59
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$54.95
- Costs to cover
- 0.166%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; Bullet: live order book, 28 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, 3 min ago | 0.80 bp | 3.1 bp −$3 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell Bullet live order book, 28 min ago | 0.41 bp | 5.7 bp −$6 | 11.1 bp −$111 | 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 | 1,478.1 | −1.497% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,498 | −0.173% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0157% | 8h | 1,502.3 | +0.119% | $30.7M | $75.2M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,499.9 | −0.044% | $18.2M | $46.5M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,501.3 | +0.047% | $6K | $1K | 10x | as long as short |
| Bulk ZEC-USD | −0.0051% | 1h | 1,487.2 | −0.894% | $898K | $9K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,501.2 | +0.042% | $417K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,502.7 | +0.142% | $1.6M | $4.6M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,501.3 | +0.050% | $5.3M | — | 150x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0038% | 1h | 1,500.1 | −0.029% | $685K | $1.4M | 25x | 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
Deribit ZEC_USDC-PERPETUALShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps ZECUSD | +0.0055% | 1h | 1,491.8 | −0.584% | $47K | $64K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0079% | 8h | 1,499.3 | −0.085% | $302K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,498.5 | −0.136% | $171K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,499 | −0.101% | $12K | $878K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,500.2 | −0.024% | $3.0M | $7.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,499.1 | −0.095% | $14.0M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,501 | +0.030% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,499.4 | −0.077% | $698.6M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,499.2 | −0.091% | $268.2M | $633.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,499.5 | −0.074% | $183.2M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,497.5 | −0.204% | $410K | $522K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,499.1 | −0.095% | $55.1M | $185.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,500 | −0.039% | $248.2M | $793.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,499.2 | −0.092% | $103.1M | $57.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,498.8 | −0.117% | $161.2M | $289.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,498.8 | −0.118% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,485.5 | −1.001% | $48.4M | $34.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,494.9 | −0.377% | $572K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,497.4 | −0.211% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,488.1 | −0.829% | $410K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,500.6 | +0.005% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,498.6 | −0.131% | $360K | $1.7M | 10x | as long as short |
| Bullet ZEC-USDshort | +0.0100% | 1h | 1,498.7 | −0.124% | $165K | $184K | 20x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,500.9 | +0.025% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,499.6 | −0.067% | $255K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,499.8 | −0.053% | $2.7M | $20.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,499 | −0.106% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,501.1 | +0.035% | $62K | $43K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,499 | −0.107% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,499.2 | −0.088% | $43K | $152K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,502.2 | +0.111% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,499.2 | −0.091% | $938K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,501.5 | +0.062% | $4.8M | $1.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0153% / S −0.0169% | 1h | 1,499.4 | −0.075% | $485K | — | 100x | as long as short |
| Hyperliquid ZEC | +0.0203% | 1h | 1,500.1 | −0.031% | $780.2M | $444.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0211% | 1h | 1,500.2 | −0.023% | $2.4M | $3.9M | 15x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,500 | −0.040% | $613K | $8.7M | 10x | as long as short |
| Lighter RH ZEClong | +0.0256% | 1h | 1,500.6 | long leg | $2.1M | $7.4M | 10x | |
| Lighter ZEC | +0.0304% | 1h | 1,500.8 | +0.015% | $19.8M | $46.3M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,500.9 | +0.021% | $3.7M | $10.1M | 50x | as long as short |
Aftermath Perps ZECUSD
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Katana Perps ZEC-USD
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-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps 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
GMX ZEC/USD [WBTC.b-USDC]
Hyperliquid ZEC
Backpack ZEC_USDC_PERP
Arcus ZEC-USD
Lighter ZEC
Coinbase International ZEC-PERP-INTX