Funding you earn now, next payment 07:00 UTC−0.0425%/8h= −46.5% APRnext payment −$0.53 per $10,000 · paid last 24h −0.094%
Price spread now: Kraken Futures against Lighter RH−0.102%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days−0.468%−$47 on $10k
+Price spread, last 4 days (all we have)+0.380%+$38 · spread now −0.102%, 7d avg −0.051%
=Together, before fees−0.088%+ Points / potential airdropLighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Kraken Futures is 0.051% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.051%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ZEC | 1,487.9 | 0.0328 | pay 0.0041% / 1h | 52m 23s | $2.1M | $7.3M | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,486.4 | −0.0097 | pay 0.0012% / 1h | 52m 23s | $18.0M | $46.4M | 25x |
Lighter RH ZEC
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$89.17
- Price spread: −0.102% → −0.051%
- −$5.09
- Slippage, 4 orders
- −$13.01
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$117.27
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 1 min ago; Kraken Futures: 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, 1 min ago | 1.54 bp | 3.0 bp −$3 | 6.7 bp −$67 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 0.50 bp | 10.4 bp −$10 | 13.1 bp −$131 | 20.6 bp −$2,064 | 107.4 bp −$53.7K |
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 | +0.248% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0123% | 8h | 1,485.7 | −0.147% | $30.6M | $73.7M | 75x | as long as short |
| ApeX Omni ZECUSDT | −0.0117% | 1h | 1,492.3 | +0.294% | $413K | $931K | 50x | as long as short |
| Bulk ZEC-USD | −0.0097% | 1h | 1,490.7 | +0.185% | $901K | $15K | 10x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0097% | 1h | 1,486.4 | −0.102% | $18.0M | $46.4M | 25x | |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,490.4 | +0.165% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,486.2 | −0.112% | $413K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,489.1 | +0.079% | $1.6M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,484.4 | −0.235% | $61K | $293K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,486.9 | −0.070% | $707K | $1.4M | 25x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
ApeX Omni ZECUSDT
Bulk ZEC-USD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUALShow 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 | 1,485.7 | −0.146% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0072% | 8h | 1,486 | −0.129% | $298K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,486.1 | −0.120% | $157K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,485.5 | −0.158% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,486 | −0.129% | $14.1M | $29.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,486.7 | −0.079% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,485.7 | −0.144% | $692.0M | $2.29B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,485.8 | −0.143% | $268.7M | $625.4M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,485.4 | −0.169% | $180.7M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,487 | −0.060% | $405K | $507K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,486.4 | −0.101% | $54.7M | $179.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,485.6 | −0.153% | $229.7M | $772.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,486.1 | −0.122% | $102.1M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,485.9 | −0.134% | $160.2M | $287.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,484.8 | −0.208% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,486.3 | −0.106% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,493.6 | +0.384% | $48.8M | $33.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,493.8 | +0.398% | $571K | $8.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,491.2 | +0.220% | $3.1M | $477K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,490.7 | +0.192% | $57K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,485.2 | −0.181% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,485.3 | −0.174% | $164K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,485.3 | −0.173% | $453K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,488.6 | +0.050% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,486.8 | −0.075% | $253K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,485 | −0.196% | $2.6M | $19.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,486.3 | −0.108% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,486.8 | −0.075% | $61K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,486.3 | −0.106% | $11K | $862K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,485.9 | −0.131% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,486.3 | −0.108% | $45K | $149K | 20x | as long as short |
| Hyperliquid ZEC | +0.0114% | 1h | 1,486.8 | −0.073% | $773.8M | $437.8M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0119% / S −0.0102% | 1h | 1,486.6 | −0.084% | $430K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,486.7 | −0.083% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,486.2 | −0.112% | $930K | $1.2M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,490.8 | +0.198% | $4.7M | $1.4M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,490.3 | +0.160% | $608K | $8.6M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0251% | 1h | 1,490.8 | +0.195% | $48K | $63K | 10x | as long as short |
| Lighter ZEC | +0.0280% | 1h | 1,488 | +0.009% | $19.5M | $45.4M | 20x | as long as short |
| Lighter RH ZEClong | +0.0328% | 1h | 1,487.9 | long leg | $2.1M | $7.3M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,488.5 | +0.038% | $3.6M | $9.9M | 50x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
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
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
Hyperliquid ZEC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
RISEx ZEC/USDC
Phoenix ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD
Lighter ZEC
Coinbase International ZEC-PERP-INTX