Funding you earn now, next payment 04:00 UTC+0.0388%/8h= +42.5% APRnext payment +$0.48 per $10,000 · paid last 24h +0.046%
Price spread now: Lighter RH against SoDEX+0.259%7-day average +0.073% · 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−$140.144% of the position
Funding, last 3 days (all we have)+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)−0.842%−$84 · spread now +0.259%, 7d avg +0.073%
=Together, before fees−0.767%+ Points / potential airdropLighter RH: Points live · farm board−$77 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter RH is 0.186% dearer against SoDEX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.073%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.076% in total (about 8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 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 | SoDEX ZEC-USD | 1,452.3 | 0.0100 | pay 0.0013% / 1h | 35m 42s | $232K | $3.4M | 10x |
| Short | Lighter RH ZEC | 1,456.1 | 0.0488 | get 0.0061% / 1h | 35m 42s | $2.0M | $6.9M | 10x |
SoDEX ZEC-USD
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against SoDEX. 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
- $81.48
- Price spread: +0.259% → +0.073%
- $18.58
- Slippage, 4 orders
- −$6.43
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $85.63
- Costs to cover
- 0.144%
- Break-even
- from the start
Slippage from SoDEX: live order book, 3 min ago; Lighter RH: live order book, 3 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 SoDEX live order book, 3 min ago | 0.03 bp | 4.3 bp −$4 | 15.1 bp −$151 | 103.7 bp −$10.4K | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.44 bp | 2.1 bp −$2 | 3.8 bp −$38 | doesn't fit | 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 | −0.3166% | 1h | 1,436.3 | −1.104% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.8 | +0.034% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0068% | 8h | 1,453 | +0.048% | $29.3M | $70.7M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,455.9 | +0.247% | $410K | $38K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,454.8 | +0.169% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.4 | −0.067% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,452 | −0.023% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0061% | 8h | 1,452.1 | −0.019% | $291K | $957K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0066% / S −0.0017% | 1h | 1,451.8 | −0.034% | $408K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,452 | −0.022% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,451.9 | −0.031% | $174K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,451.6 | −0.049% | $11K | $874K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,455.4 | +0.212% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,452.4 | +0.003% | $2.5M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,455.3 | +0.204% | $756.9M | $432.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,453.8 | +0.101% | $14.5M | $27.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,455.8 | +0.241% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,456.1 | +0.256% | $668.1M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,455.3 | +0.204% | $262.0M | $601.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,455.8 | +0.238% | $177.9M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,452.5 | +0.011% | $395K | $440K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,450.7 | −0.113% | $875K | $29K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,454.1 | +0.120% | $50.1M | $173.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,456 | +0.253% | $216.3M | $770.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,454.5 | +0.146% | $102.2M | $54.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,456 | +0.251% | $165.4M | $271.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,455.7 | +0.233% | — | $101.1M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,454 | +0.114% | $2.4M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,451.5 | −0.058% | $47.5M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,452.2 | −0.008% | $566K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,452.9 | +0.039% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,451.6 | −0.054% | $404K | $925K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,452.1 | −0.016% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451.4 | −0.065% | $365K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,451.7 | −0.041% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,451.1 | −0.086% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,454.1 | +0.119% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USDlong | +0.0100% | 1h | 1,452.3 | long leg | $232K | $3.4M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,452.7 | +0.027% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,452.5 | +0.013% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,455.4 | +0.209% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,452 | −0.024% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,452.5 | +0.011% | $4.6M | $1.3M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0266% | 1h | 1,452.7 | +0.022% | $608K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0278% | 1h | 1,452.3 | −0.002% | $18.0M | $44.9M | 25x | as long as short |
| Lighter ZEC | +0.0328% | 1h | 1,455.7 | +0.230% | $19.1M | $45.9M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,455.6 | +0.225% | $921K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,453.9 | +0.109% | $3.8M | $9.0M | 50x | as long as short |
| Lighter RH ZECshort | +0.0488% | 1h | 1,456.1 | +0.259% | $2.0M | $6.9M | 10x | |
| Arcus ZEC-USD | +0.0626% | 1h | 1,457.3 | +0.338% | $704K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0673% | 1h | 1,452.1 | −0.019% | $44K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
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
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD