Funding you earn now, next payment 01:00 UTC−0.0697%/8h= −76.3% APRpaid last 24h −0.049%
Price spread now: Orderly against Lighter RH−0.168%7-day average −0.064% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.410%−$41 on $10k
+Price spread, last 3 days (all we have)+0.282%+$28 · spread now −0.168%, 7d avg −0.064%
=Together, before fees−0.128%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Orderly is 0.104% cheaper against Lighter RH than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.064%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.410% in total (about -21.4% a year). A funding rate is set anew for every payment. 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 | 1,476.2 | 0.0712 | pay 0.0089% / 1h | 48m 21s | $2.0M | $8.0M | 10x |
| Short | Orderly PERP_ZEC_USDC | 1,473.7 | 0.0015 | get 0.0015% / 8h | 7h 48m | $294K | $1.4M | 20x |
Lighter RH ZEC
Orderly PERP_ZEC_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$146.3
- Price spread: −0.168% → −0.064%
- −$10.41
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$162.71
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.
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, 5 min ago | 2.33 bp | 3.7 bp −$4 | 6.7 bp −$67 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3321% | 1h | 1,475.3 | −0.064% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,473.8 | −0.161% | $18.0M | $43.5M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0180% | 1h | 1,473.4 | −0.190% | $400K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0103% | 8h | 1,474.7 | −0.104% | $29.5M | $74.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,473.4 | −0.187% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0061% | 8h | 1,473.2 | −0.203% | $47.9M | $34.4M | — | as long as short |
| Bybit ZECUSDT | −0.0016% | 8h | 1,473.3 | −0.200% | $275.1M | $645.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,474.3 | −0.127% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,475.1 | −0.078% | $960K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.9 | −0.221% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,473.9 | −0.157% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDCshort | +0.0015% | 8h | 1,473.7 | −0.168% | $294K | $1.4M | 20x | |
| OKX ZEC-USDT-SWAP | +0.0040% | 8h | 1,473.5 | −0.184% | $181.8M | $1.33B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,473.3 | −0.195% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,474.9 | −0.089% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,473.7 | −0.166% | $379K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,475.3 | −0.064% | $19.2M | $50.2M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.8 | −0.229% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,473.6 | −0.174% | $13K | $848K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.2 | −0.205% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.6 | −0.179% | $2.6M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,474.7 | −0.102% | $764.8M | $459.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,473.4 | −0.189% | $15.0M | $32.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,474.2 | −0.139% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,473.8 | −0.166% | $684.4M | $2.43B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,474.8 | −0.094% | $691K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,473.6 | −0.173% | $51.4M | $178.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,473.7 | −0.169% | $232.0M | $822.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,473.7 | −0.170% | $105.1M | $56.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,473.8 | −0.163% | $163.7M | $298.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,472.9 | −0.224% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,475.8 | −0.025% | $575K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,477.2 | +0.069% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.3 | −0.129% | $431K | $858K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,475.6 | −0.039% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,473.4 | −0.190% | $334K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,473.6 | −0.179% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472 | −0.288% | $459K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,475.5 | −0.045% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,473.8 | −0.165% | $243K | $4.3M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,474.6 | −0.110% | $2.5M | $22.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,475.7 | −0.034% | $3.9M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,474.3 | −0.126% | $897K | $28K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474 | −0.146% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,474 | −0.151% | $82K | $190K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,473.6 | −0.173% | $842K | $1.2M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0245% | 1h | 1,474.9 | −0.090% | $615K | $1.3M | 25x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,477 | +0.051% | $3.8M | $10.5M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0625% | 1h | 1,476.1 | −0.007% | $2.5M | $3.8M | 15x | as long as short |
| Lighter RH ZEClong | +0.0712% | 1h | 1,476.2 | long leg | $2.0M | $8.0M | 10x | |
| Aftermath Perps ZECUSD | +0.0783% | 1h | 1,474.8 | −0.094% | $44K | $48K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD