Funding you earn now, next payment 06:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.013%
Price spread now: Lighter against Derive+0.267%7-day average +0.139% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)−0.688%−$69 · spread now +0.267%, 7d avg +0.139%
=Together, before fees−0.476%+ Points / potential airdropLighter: Season 3 · farm board−$48 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.128% dearer against Derive than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.139%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ZEC-PERP | 1,466.3 | 0.0100 | pay 0.0013% / 1h | 33m 37s | $448K | $506K | 6.7x |
| Short | Lighter ZEC | 1,470.2 | 0.0136 | get 0.0017% / 1h | 33m 37s | $19.4M | $44.0M | 20x |
Derive ZEC-PERP
Lighter ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Derive. 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
- $7.56
- Price spread: +0.267% → +0.139%
- $12.84
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $14.4
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Derive: no order-book sample; Lighter: 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 Derive no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 0.66 bp | 0.7 bp −$1 | 2.3 bp −$23 | 21.1 bp −$2,109 | 81.1 bp −$40.6K |
Derive: 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 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 | −0.3243% | 1h | 1,471 | +0.320% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,468.1 | +0.121% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0080% | 8h | 1,469.8 | +0.240% | $29.8M | $71.1M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.2 | +0.201% | $408K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.6 | +0.159% | $1.5M | $4.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,468 | +0.117% | $84K | $239K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,467.8 | +0.105% | $618K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,467.6 | +0.086% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0062% | 8h | 1,467.4 | +0.075% | $293K | $896K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,470.3 | +0.271% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZECUSDT | +0.0089% | 8h | 1,469.2 | +0.198% | $261.1M | $589.8M | 75x | as long as short |
| Phoenix ZEC | +0.0092% | 1h | 1,466.5 | +0.014% | $4.7M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.8 | +0.238% | $174K | $1.6M | 50x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0097% / S −0.0051% | 1h | 1,467.2 | +0.065% | $437K | — | 100x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,469.6 | +0.224% | $13K | $812K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,469.8 | +0.241% | $61K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.9 | +0.113% | $2.9M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,469.9 | +0.247% | $765.4M | $418.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469 | +0.183% | $14.4M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469.6 | +0.223% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,469.5 | +0.217% | $678.1M | $2.16B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,469.4 | +0.211% | $178.4M | $1.21B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,466.9 | +0.042% | $399K | $430K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,462.7 | −0.246% | $884K | $17K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,469.8 | +0.239% | $53.2M | $170.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.5 | +0.216% | $223.7M | $761.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469.6 | +0.229% | $103.3M | $52.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.2 | +0.267% | $166.5M | $267.4M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,469.9 | +0.245% | — | $107.8M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,470.5 | +0.290% | $48.2M | $32.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468.1 | +0.121% | $573K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,469.8 | +0.238% | $3.0M | $467K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469 | +0.182% | $406K | $926K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.2 | +0.264% | $49K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,467.4 | +0.076% | $360K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,467.3 | +0.070% | $161K | $186K | 20x | as long as short |
| Derive ZEC-PERPlong | +0.0100% | 1h | 1,466.3 | long leg | $448K | $506K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,469.8 | +0.241% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.3 | +0.066% | $235K | $3.2M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,467 | +0.049% | $2.7M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,467.9 | +0.108% | $3.9M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.3 | +0.271% | $2.8M | $7.8M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.3 | +0.067% | $46K | $152K | 20x | as long as short |
| Lighter ZECshort | +0.0136% | 1h | 1,470.2 | +0.267% | $19.4M | $44.0M | 20x | |
| Lighter RH ZEC | +0.0136% | 1h | 1,470.8 | +0.311% | $2.1M | $7.1M | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0147% | 1h | 1,467.3 | +0.066% | $18.0M | $45.6M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,470.4 | +0.279% | $928K | $1.1M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0337% | 1h | 1,468.1 | +0.127% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,469.9 | +0.245% | $3.7M | $9.2M | 50x | as long as short |
| Arcus ZEC-USD | +0.0508% | 1h | 1,471.5 | +0.353% | $665K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0681% | 1h | 1,468.2 | +0.132% | $45K | $49K | 10x | as long as short |
Bybit ZECUSDT
Phoenix ZEC
Popdex ZECUSDT
GMX ZEC/USD [WBTC.b-USDC]
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance 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
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter RH ZEC
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD