Funding you earn now, next payment 04:00 UTC−0.0320%/8h= −35.0% APRnext payment −$0.40 per $10,000 · paid last 24h −0.056%
Price spread now: Lighter against Coinbase International−0.064%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.252% of the position
Funding, last 7 days+0.270%+$27 on $10k
+Price spread, last 4 days (all we have)−0.491%−$49 · spread now −0.064%, 7d avg −0.060%
=Together, before fees−0.221%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.270%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ZEC-PERP-INTX | 1,458.9 | 0.0464 | pay 0.0058% / 1h | 25m 24s | $3.8M | $9.2M | 50x |
| Short | Lighter ZEC | 1,458 | 0.0144 | get 0.0018% / 1h | 25m 24s | $19.2M | $45.0M | 20x |
Coinbase International ZEC-PERP-INTX
Lighter ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- −$67.2
- Price spread: −0.064% → −0.060%
- −$0.48
- Slippage, 4 orders
- −$15.18
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$92.86
- Costs to cover
- 0.252%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Lighter: live order book, 14 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 Coinbase International live order book, 4 min ago | 1.89 bp | 8.4 bp −$8 | 12.5 bp −$125 | 41.8 bp −$4,181 | doesn't fit |
| Sell Lighter live order book, 14 min ago | 0.50 bp | 0.5 bp $0 | 1.5 bp −$15 | 15.0 bp −$1,500 | 78.8 bp −$39.4K |
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 | 1,457.6 | −0.087% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,456.8 | −0.143% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0070% | 8h | 1,456.5 | −0.165% | $29.4M | $70.7M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,456.3 | −0.177% | $410K | $36K | 5x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,456.7 | −0.149% | $83K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,456.3 | −0.182% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,456.4 | −0.171% | $291K | $944K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0084% / S −0.0034% | 1h | 1,456.1 | −0.189% | $434K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,456.6 | −0.157% | $174K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,456.8 | −0.147% | $14K | $820K | 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 | 1,456.6 | −0.155% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,456.7 | −0.154% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,456.3 | −0.180% | $14.5M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,456.9 | −0.134% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,456.3 | −0.179% | $670.2M | $2.19B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,456 | −0.200% | $260.9M | $599.0M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,456.2 | −0.188% | $178.8M | $1.21B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,455.7 | −0.219% | $395K | $434K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,453.9 | −0.345% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,456.4 | −0.169% | $51.4M | $171.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,456.3 | −0.177% | $218.6M | $770.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,456.6 | −0.158% | $102.8M | $53.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,456.5 | −0.164% | $165.7M | $269.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,456.2 | −0.183% | — | $106.3M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,455.5 | −0.236% | $47.7M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,456.2 | −0.187% | $567K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,456.5 | −0.164% | $3.0M | $463K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,456.4 | −0.169% | $402K | $943K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,456.6 | −0.160% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.3 | −0.178% | $354K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,456.2 | −0.184% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,455.3 | −0.244% | $444K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,458.9 | 0.000% | $4K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,456.5 | −0.165% | $233K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,456 | −0.202% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,456.8 | −0.145% | $3.8M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,456.3 | −0.178% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,456.3 | −0.181% | $47K | $151K | 20x | as long as short |
| Lighter RH ZEC | +0.0112% | 1h | 1,458 | −0.060% | $2.1M | $7.0M | 10x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,457.6 | −0.093% | $4.6M | $1.3M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,457.2 | −0.118% | $8K | $7K | 5x | as long as short |
| Lighter ZECshort | +0.0144% | 1h | 1,458 | −0.064% | $19.2M | $45.0M | 20x | |
| Hyperliquid ZEC | +0.0146% | 1h | 1,457.6 | −0.089% | $758.9M | $426.3M | 10x | as long as short |
| Kalshi KXZECPERP | +0.0160% | 8h | 1,457 | −0.131% | $1.5M | $4.4M | 2.2x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0174% | 1h | 1,457.1 | −0.121% | $2.4M | $3.8M | 15x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,456.8 | −0.143% | $921K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0255% | 1h | 1,457.1 | −0.124% | $613K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0333% | 1h | 1,456.3 | −0.177% | $18.0M | $45.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,458.4 | −0.035% | $697K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTXlong | +0.0464% | 1h | 1,458.9 | long leg | $3.8M | $9.2M | 50x | |
| Aftermath Perps ZECUSD | +0.0674% | 1h | 1,456.5 | −0.161% | $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
Lighter RH ZEC
Phoenix ZEC
01 Exchange ZECUSD
Hyperliquid ZEC
Kalshi KXZECPERP
Backpack ZEC_USDC_PERP
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Aftermath Perps ZECUSD