Funding you earn now, next payment 06:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.040%
Price spread now: Coinbase International against Lighter RH−0.085%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$260.262% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 4 days (all we have)+0.330%+$33 · spread now −0.085%, 7d avg +0.046%
=Together, before fees+0.208%+ Points / potential airdropLighter RH: Points live · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.131% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of +0.046%). If the spread goes back, that is −$13 on $10k: about 45 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 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 | 1,488.3 | 0.0248 | pay 0.0031% / 1h | 22m 56s | $2.1M | $7.4M | 10x |
| Short | Coinbase International ZEC-PERP-INTX | 1,487 | 0.0480 | get 0.0060% / 1h | 22m 56s | $3.6M | $10.0M | 50x |
Lighter RH ZEC
Coinbase International ZEC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $48.72
- Price spread: −0.085% → +0.046%
- −$13.12
- Slippage, 4 orders
- −$16.23
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $9.37
- Costs to cover
- 0.262%
- Break-even
- 5.7 days
Slippage from Lighter RH: live order book, 6 min ago; Coinbase International: live order book, 1 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, 6 min ago | 2.44 bp | 3.0 bp −$3 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 1.68 bp | 13.1 bp −$13 | 19.3 bp −$193 | 56.4 bp −$5,638 | 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 | 1,461.9 | −1.772% | $36K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0166% | 1h | 1,477.1 | −0.751% | $892K | $9K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0144% | 8h | 1,486.7 | −0.103% | $30.5M | $74.4M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0097% | 1h | 1,487.1 | −0.081% | $18.0M | $46.7M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,485.3 | −0.202% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,485.4 | −0.194% | $413K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,486.5 | −0.119% | $1.6M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,484.6 | −0.244% | $62K | $304K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,486.4 | −0.129% | $5.3M | — | 150x | as long as short |
| Aftermath Perps ZECUSD | +0.0072% | 1h | 1,480.7 | −0.512% | $47K | $64K | 10x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Aftermath Perps ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0077% | 8h | 1,486.7 | −0.104% | $299K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,486 | −0.154% | $168K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,485.6 | −0.178% | $11K | $876K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,485.5 | −0.188% | $2.7M | $7.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,486.8 | −0.101% | $13.9M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,485.9 | −0.161% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,487.3 | −0.065% | $692.8M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,486.6 | −0.110% | $265.9M | $633.6M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,486.8 | −0.099% | $179.9M | $1.32B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,482.2 | −0.408% | $403K | $511K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,487.4 | −0.056% | $54.5M | $184.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,487.3 | −0.066% | $246.2M | $787.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,486.6 | −0.110% | $101.8M | $57.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,487.2 | −0.073% | $160.2M | $289.2M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,486.4 | −0.124% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,480.4 | −0.528% | $48.2M | $34.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,476.5 | −0.793% | $565K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,477 | −0.759% | $3.0M | $511K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.4 | −0.801% | $406K | $936K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,484.5 | −0.253% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,486 | −0.153% | $357K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,486.4 | −0.126% | $163K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473.4 | −0.999% | $450K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,489.2 | +0.061% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,486.8 | −0.100% | $253K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,486.1 | −0.149% | $2.6M | $20.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,487.2 | −0.075% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,485.6 | −0.176% | $61K | $43K | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0104% | 1h | 1,487.6 | −0.043% | $2.3M | $3.9M | 15x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,487.5 | −0.054% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,486.6 | −0.111% | $43K | $152K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,485.2 | −0.203% | $929K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,481.2 | −0.476% | $4.7M | $1.4M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,485.4 | −0.192% | $8K | $7K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0148% / S −0.0159% | 1h | 1,486.5 | −0.117% | $481K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0181% | 1h | 1,487.3 | −0.064% | $679K | $1.4M | 25x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,486.7 | −0.106% | $636K | $8.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0241% | 1h | 1,488.3 | +0.002% | $772.9M | $441.8M | 10x | as long as short |
| Lighter RH ZEClong | +0.0248% | 1h | 1,488.3 | long leg | $2.1M | $7.4M | 10x | |
| Lighter ZEC | +0.0312% | 1h | 1,488.4 | +0.008% | $19.6M | $46.0M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTXshort | +0.0480% | 1h | 1,487 | −0.085% | $3.6M | $10.0M | 50x |
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
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Backpack ZEC_USDC_PERP
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Phoenix ZEC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Hyperliquid ZEC
Lighter ZEC