Funding you earn now, next payment 07:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.038%
Price spread now: Lighter RH against Deribit−0.037%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 4 days (all we have)−0.140%−$14 · spread now −0.037%, 7d avg +0.014%
=Together, before fees+0.040%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.051% cheaper against Deribit than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.014%). If the spread goes back, that is −$5 on $10k: about 3.7 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,478.9 | 0.0209 | pay 0.0026% / 1h | 29m 33s | $675K | $1.4M | 25x |
| Short | Lighter RH ZEC | 1,478.4 | 0.0256 | get 0.0032% / 1h | 29m 33s | $2.1M | $7.4M | 10x |
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Deribit. 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
- $9.79
- Price spread: −0.037% → +0.014%
- −$5.15
- Slippage, 4 orders
- −$16.14
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$18.5
- Costs to cover
- 0.231%
- Break-even
- 20.2 days
Slippage from Deribit: live order book, 4 min ago; Lighter RH: live order book, 4 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 Deribit live order book, 4 min ago | 4.64 bp | 8.5 bp −$9 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.67 bp | 2.7 bp −$3 | 5.9 bp −$59 | 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 | −0.3684% | 1h | 1,462 | −1.143% | $36K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0166% | 1h | 1,477.1 | −0.124% | $892K | $9K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0131% | 8h | 1,478 | −0.066% | $30.5M | $73.8M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0097% | 1h | 1,478.5 | −0.032% | $17.9M | $47.2M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,478.4 | −0.038% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,477.7 | −0.084% | $411K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,479 | +0.003% | $1.5M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,475.8 | −0.210% | $63K | $303K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,478 | −0.061% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0077% | 8h | 1,478 | −0.062% | $298K | $1.1M | 20x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,477.6 | −0.092% | $164K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,477.1 | −0.121% | $10K | $869K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,477.8 | −0.079% | $2.7M | $7.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,477.1 | −0.121% | $13.8M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,478.1 | −0.060% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,477.5 | −0.094% | $687.8M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,477.5 | −0.098% | $263.6M | $632.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,477.7 | −0.087% | $179.0M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,475.2 | −0.253% | $403K | $508K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,477.4 | −0.102% | $54.2M | $182.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,477.6 | −0.094% | $241.1M | $784.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,478.3 | −0.043% | $101.2M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,477.8 | −0.077% | $159.0M | $288.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,476.6 | −0.160% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,478.8 | −0.012% | $2.3M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,477.6 | −0.089% | $48.1M | $34.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,477.2 | −0.120% | $565K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,478.3 | −0.040% | $3.0M | $498K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,476.9 | −0.139% | $406K | $935K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,479.1 | +0.011% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,477.4 | −0.104% | $357K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,478.3 | −0.044% | $162K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,473.4 | −0.374% | $450K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,480.9 | +0.131% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,478.3 | −0.043% | $252K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,477.7 | −0.087% | $2.6M | $19.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,478.7 | −0.019% | $3.9M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,477.7 | −0.084% | $61K | $43K | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0101% | 1h | 1,477.8 | −0.075% | $47K | $64K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,477.4 | −0.102% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,478.1 | −0.054% | $42K | $152K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,478.5 | −0.032% | $925K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,478.9 | −0.004% | $4.7M | $1.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0143% / S −0.0148% | 1h | 1,478.1 | −0.056% | $479K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0144% | 1h | 1,477.8 | −0.076% | $8K | $7K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0209% | 1h | 1,478.9 | long leg | $675K | $1.4M | 25x | |
| Arcus ZEC-USD | +0.0221% | 1h | 1,479.4 | +0.032% | $633K | $8.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0251% | 1h | 1,479.3 | +0.025% | $767.7M | $442.3M | 10x | as long as short |
| Lighter RH ZECshort | +0.0256% | 1h | 1,478.4 | −0.037% | $2.1M | $7.4M | 10x | |
| Lighter ZEC | +0.0320% | 1h | 1,479.6 | +0.048% | $19.4M | $45.8M | 20x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,480.3 | +0.094% | $3.6M | $9.9M | 50x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
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-USDC
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
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Aftermath Perps ZECUSD
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
Arcus ZEC-USD
Hyperliquid ZEC
Lighter ZEC
Coinbase International ZEC-PERP-INTX