ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.013%

Price spread now: Lighter against Nado+0.138%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$150.148% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.171%+$17 on $10k

Price spread, last 7 days−0.108%−$11 · spread now +0.138%, 7d avg +0.034%

Together, before fees+0.063%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.104% dearer against Nado than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZEC-PERP	1,498.8	0.0100	pay 0.0012% / 1h	5m 54s	$2.8M	$6.6M	10x
Short	Lighter ZEC	1,500.9	0.0224	get 0.0028% / 1h	5m 54s	$19.7M	$45.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee LighterbpOrdersPrice spread, now +0.138%Rate

Funding earned: $26.04
Price spread: +0.138% → +0.034%: $10.39
Slippage, 4 orders: −$7.78
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $21.65
Costs to cover: 0.148%
Break-even: 1.2 days

Slippage from Nado: live order book, 3 min ago; Lighter: live order book, 8 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 Nado live order book, 3 min ago	0.03 bp	4.7 bp −$5	14.2 bp −$142	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	1.81 bp	1.8 bp −$2	2.1 bp −$21	16.4 bp −$1,640	68.2 bp −$34.1K

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	−0.3243%	1h	1,491.6	−0.483%	$34K	$273K	12x	as long as short
Bulk ZEC-USD	−0.0279%	1h	1,512.6	+0.918%	$914K	$15K	10x	as long as short
BloFin ZEC-USDT	−0.0124%	8h	1,499.5	+0.045%	$30.6M	$74.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,498.3	−0.040%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,498.3	−0.038%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,499.6	+0.054%	$1.7M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,497.8	−0.068%	$86K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,498.9	+0.002%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0069%	8h	1,499.1	+0.016%	$301K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,499.2	+0.021%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,496.7	−0.144%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,498.8	−0.006%	$152K	$1.7M	50x	as long as short
Nado ZEC-PERPlong	+0.0100%	1h	1,498.8	long leg	$2.8M	$6.6M	10x
Hyperliquid ZEC	+0.0100%	1h	1,500.2	+0.090%	$782.5M	$437.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,498.9	+0.002%	$14.3M	$29.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,498.8	−0.001%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,499	+0.009%	$696.2M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,498.7	−0.013%	$274.7M	$621.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,498.7	−0.007%	$181.2M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,495.9	−0.197%	$407K	$481K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,498.9	+0.001%	$54.0M	$182.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,499.1	+0.014%	$226.2M	$783.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,499.6	+0.048%	$103.1M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,499	+0.007%	$161.7M	$284.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,498.2	−0.046%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,498.3	−0.034%	$49.0M	$33.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,505.7	+0.457%	$575K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.4	+0.434%	$3.1M	$475K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.8	+0.397%	$417K	$929K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,497	−0.122%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,498.5	−0.023%	$363K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,498.9	+0.001%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,498.1	−0.047%	$457K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,500.7	+0.125%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,499.2	+0.025%	$248K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,498.8	−0.005%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,499.2	+0.026%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,498.6	−0.014%	$62K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,498.5	−0.024%	$13K	$856K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,498.7	−0.010%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,498.6	−0.017%	$46K	$149K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0108% / S −0.0083%	1h	1,498.6	−0.015%	$405K	—	100x	as long as short
Kraken Futures PF_ZECUSD	+0.0143%	1h	1,499.2	+0.026%	$18.2M	$46.1M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,498.7	−0.013%	$935K	$1.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0189%	1h	1,499.9	+0.068%	$710K	$1.4M	25x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,500.8	+0.131%	$2.1M	$7.3M	10x	as long as short
Lighter ZECshort	+0.0224%	1h	1,500.9	+0.138%	$19.7M	$45.9M	20x
Backpack ZEC_USDC_PERP	+0.0369%	1h	1,499.9	+0.068%	$2.3M	$3.8M	15x	as long as short
Aftermath Perps ZECUSD	+0.0432%	1h	1,500.6	+0.117%	$50K	$61K	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,501.7	+0.193%	$3.7M	$9.9M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,499.6	+0.052%	$619K	$8.5M	10x	as long as short