Funding you earn now, next payment 06:40 UTC+0.0679%/8h= +74.3% APRpaid last 24h +0.060%
Price spread now: Lighter RH against Perpl+0.118%7-day average +0.114% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.254%+$25 on $10k
+Price spread, last 4 days (all we have)−0.348%−$35 · spread now +0.118%, 7d avg +0.114%
=Together, before fees−0.094%+ Points / potential airdropPerpl: Active · Lighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.114%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.254% in total (about 13.3% 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 | Perpl ZEC | 1,495.9 | −0.0447 | get 0.0040% / 43m | 19m 28s | $61K | $304K | 10x |
| Short | Lighter RH ZEC | 1,497.7 | 0.0232 | get 0.0029% / 1h | 13m 28s | $2.1M | $7.4M | 10x |
Perpl ZEC
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Perpl. 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
- $142.49
- Price spread: +0.118% → +0.114%
- $0.39
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $129.08
- Costs to cover
- 0.138%
- Break-even
- 0.7 days
Slippage unknown: Perpl: no order-book sample; Lighter RH: live order book, 5 min ago. 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 5 min ago | 0.80 bp | 1.8 bp −$2 | 4.6 bp −$46 | doesn't fit | doesn't fit |
Perpl: 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 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 | −1.190% | $36K | $275K | 12x | as long as short |
| Perpl ZEClong | −0.0447% | 43m | 1,495.9 | long leg | $61K | $304K | 10x | |
| BloFin ZEC-USDT | −0.0171% | 8h | 1,503.4 | +0.501% | $30.5M | $75.4M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,499.3 | +0.229% | $18.2M | $46.5M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,505.4 | +0.635% | $6K | $1K | 10x | as long as short |
| Bulk ZEC-USD | −0.0051% | 1h | 1,487.2 | −0.584% | $898K | $9K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,496.6 | +0.049% | $416K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,504 | +0.543% | $1.6M | $4.6M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,499.5 | +0.241% | $685K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,501 | +0.343% | $5.3M | — | 150x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
Bulk ZEC-USD
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps ZECUSD | +0.0037% | 1h | 1,495.2 | −0.043% | $48K | $64K | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0079% | 8h | 1,495 | −0.060% | $301K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,496.6 | +0.048% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,496.9 | +0.070% | $12K | $876K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,496.4 | +0.031% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,496.9 | +0.070% | $3.0M | $7.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,495.1 | −0.051% | $14.0M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,496.9 | +0.070% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,495.1 | −0.050% | $696.6M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,494.9 | −0.069% | $267.5M | $632.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,495.5 | −0.029% | $182.8M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,498.7 | +0.188% | $410K | $552K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,495.7 | −0.013% | $54.8M | $186.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,495.5 | −0.028% | $245.0M | $796.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,496.9 | +0.066% | $103.0M | $57.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,495.9 | +0.001% | $160.9M | $289.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,495.5 | −0.028% | — | $116.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,498.8 | +0.197% | $49.0M | $34.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,499.9 | +0.266% | $575K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,505 | +0.609% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,503.1 | +0.483% | $414K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,500 | +0.275% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,496.8 | +0.061% | $359K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,495.4 | −0.034% | $164K | $184K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,501.4 | +0.370% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,499.1 | +0.215% | $255K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,500.4 | +0.301% | $2.7M | $20.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,500.1 | +0.280% | $4.0M | $5.0M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,496.9 | +0.067% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,499 | +0.205% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,496.9 | +0.069% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,496.7 | +0.055% | $940K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0134% / S −0.0127% | 1h | 1,495.3 | −0.038% | $396K | — | 100x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,501.5 | +0.374% | $4.8M | $1.4M | 10x | as long as short |
| Hyperliquid ZEC | +0.0181% | 1h | 1,497 | +0.074% | $779.3M | $445.1M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,497.5 | +0.110% | $603K | $8.7M | 10x | as long as short |
| Lighter RH ZECshort | +0.0232% | 1h | 1,497.7 | +0.118% | $2.1M | $7.4M | 10x | |
| Backpack ZEC_USDC_PERP | +0.0232% | 1h | 1,499.9 | +0.266% | $2.4M | $3.9M | 15x | as long as short |
| Lighter ZEC | +0.0288% | 1h | 1,497.9 | +0.134% | $19.6M | $46.6M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,504.9 | +0.601% | $3.7M | $10.2M | 50x | as long as short |
Aftermath Perps ZECUSD
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
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-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Hyperliquid ZEC
Arcus ZEC-USD
Backpack ZEC_USDC_PERP
Lighter ZEC
Coinbase International ZEC-PERP-INTX