Funding you earn now, next payment 05:00 UTC−0.0224%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h +0.001%
Price spread now: Lighter RH against Arcus+0.002%7-day average +0.029% · 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−$18as in the Price arb table
costs, in and out, $10k−$150.150% of the position
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 7 days−0.071%−$7 · spread now +0.002%, 7d avg +0.029%
=Together, before fees−0.072%+ Points / potential airdropLighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter RH is 0.027% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 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 | Arcus ZEC-USD | 1,462.6 | 0.0344 | pay 0.0043% / 1h | 20m 35s | $688K | $8.2M | 10x |
| Short | Lighter RH ZEC | 1,462.6 | 0.0120 | get 0.0015% / 1h | 20m 35s | $2.1M | $7.0M | 10x |
Arcus ZEC-USD
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Arcus. 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
- −$46.95
- Price spread: +0.002% → +0.029%
- −$2.68
- Slippage, 4 orders
- −$10.51
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$64.64
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 4 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 Arcus live order book, 4 min ago | 0.00 bp | 8.2 bp −$8 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.71 bp | 1.8 bp −$2 | 5.7 bp −$57 | 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 | −0.3042% | 1h | 1,441.9 | −1.416% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,461 | −0.111% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0071% | 8h | 1,460 | −0.178% | $29.5M | $70.7M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,461 | −0.112% | $411K | $35K | 5x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,460 | −0.176% | $83K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,460.4 | −0.151% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,460.2 | −0.161% | $292K | $932K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0085% / S −0.0036% | 1h | 1,460.4 | −0.146% | $434K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,460.8 | −0.122% | $174K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,461 | −0.106% | $14K | $810K | 10x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Katana Perps ZEC-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,461.7 | −0.058% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,460.5 | −0.141% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,461.1 | −0.103% | $14.6M | $27.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,461.5 | −0.074% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,460.9 | −0.117% | $672.1M | $2.18B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,461.4 | −0.078% | $261.6M | $591.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,461.3 | −0.088% | $179.1M | $1.21B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,456.9 | −0.389% | $396K | $434K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,457.9 | −0.321% | $881K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,461.3 | −0.085% | $51.7M | $172.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461.5 | −0.074% | $220.2M | $771.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,461.1 | −0.099% | $103.0M | $53.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,461.6 | −0.067% | $166.1M | $268.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,461.7 | −0.058% | — | $106.9M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,459.8 | −0.192% | $47.8M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,457.5 | −0.348% | $567K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.6 | −0.412% | $3.0M | $463K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,457.2 | −0.371% | $402K | $943K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,458 | −0.316% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,460.5 | −0.143% | $355K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.4 | −0.148% | $161K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,459.5 | −0.214% | $446K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,462.8 | +0.015% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,460.4 | −0.149% | $234K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,459.6 | −0.203% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,460.2 | −0.162% | $3.8M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,461.3 | −0.090% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,460 | −0.179% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,457.6 | −0.344% | $4.6M | $1.3M | 10x | as long as short |
| Lighter RH ZECshort | +0.0120% | 1h | 1,462.6 | +0.002% | $2.1M | $7.0M | 10x | |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,461.7 | −0.061% | $8K | $7K | 5x | as long as short |
| Hyperliquid ZEC | +0.0143% | 1h | 1,462.5 | −0.006% | $761.8M | $424.5M | 10x | as long as short |
| Lighter ZEC | +0.0160% | 1h | 1,462.7 | +0.008% | $19.4M | $45.2M | 20x | as long as short |
| Kalshi KXZECPERP | +0.0192% | 8h | 1,460.4 | −0.147% | $1.5M | $4.4M | 2.2x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,461.4 | −0.079% | $924K | $1.1M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0218% | 1h | 1,461.2 | −0.093% | $2.4M | $3.8M | 15x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0332% | 1h | 1,460.3 | −0.158% | $18.1M | $45.2M | 25x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0340% | 1h | 1,461.3 | −0.089% | $615K | $1.3M | 25x | as long as short |
| Arcus ZEC-USDlong | +0.0344% | 1h | 1,462.6 | long leg | $688K | $8.2M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,463 | +0.028% | $3.8M | $9.2M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0677% | 1h | 1,457.9 | −0.320% | $45K | $49K | 10x | as long as short |
Paradex ZEC-USD-PERP
Nado ZEC-PERP
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
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
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Phoenix ZEC
01 Exchange ZECUSD
Hyperliquid ZEC
Lighter ZEC
Kalshi KXZECPERP
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Kraken Futures PF_ZECUSD
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD