Funding you earn now, next payment 23:00 UTC+0.0304%/8h= +33.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter RH against Extended+0.129%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$130.130% of the position
Funding, last 7 days+0.117%+$12 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now +0.129%, 7d avg +0.100%
=Together, before fees+0.031%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter RH is 0.029% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.100%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.117% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 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 | Extended ZEC-USD | 1,473.2 | 0.0104 | pay 0.0013% / 1h | 5m 51s | $3.3M | $6.9M | 10x |
| Short | Lighter RH ZEC | 1,475.1 | 0.0408 | get 0.0051% / 1h | 5m 51s | $2.0M | $8.3M | 10x |
Extended ZEC-USD
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Extended. 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
- $63.84
- Price spread: +0.129% → +0.100%
- $2.87
- Slippage, 4 orders
- −$7.99
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $53.72
- Costs to cover
- 0.130%
- Break-even
- 1.1 days
Slippage from Extended: 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 Extended live order book, 3 min ago | 1.48 bp | 4.0 bp −$4 | 8.2 bp −$82 | 103.5 bp −$10.4K | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.63 bp | 2.4 bp −$2 | 4.8 bp −$48 | 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 | −0.3310% | 1h | 1,469.5 | −0.248% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0402% | 1h | 1,472.8 | −0.022% | $17.9M | $44.9M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0256% | 1h | 1,466.9 | −0.426% | $398K | $515K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0118% | 8h | 1,469.8 | −0.232% | $29.3M | $75.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,471.3 | −0.129% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0075% | 8h | 1,471.7 | −0.100% | $272.4M | $665.7M | 75x | as long as short |
| Variational Omni ZEC | −0.0034% | 8h | 1,466.7 | −0.440% | $46.6M | $33.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,471.1 | −0.144% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.6 | −0.037% | $889K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.5 | −0.044% | $84K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,473 | −0.010% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0009% | 8h | 1,472.6 | −0.036% | $294K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0038% / S +0.0009% | 1h | 1,472.7 | −0.031% | $360K | — | 100x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0041% | 8h | 1,472.3 | −0.056% | $178.4M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0046% | 8h | 1,472.6 | −0.037% | $50.3M | $187.5M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,473.4 | +0.018% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,468.2 | −0.337% | $4.6M | $1.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0083% | 1h | 1,473.4 | +0.013% | $599K | $1.3M | 25x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.9 | −0.017% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,473.3 | +0.008% | $11K | $828K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.6 | −0.040% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.1 | −0.002% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.5 | +0.022% | $764.6M | $478.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.7 | −0.031% | $15.6M | $32.4M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.3 | −0.058% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.6 | −0.037% | $679.6M | $2.47B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,467.7 | −0.369% | $906K | $27K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.9 | −0.022% | $223.6M | $872.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.9 | −0.019% | $104.0M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.4 | −0.050% | $162.9M | $304.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,471.5 | −0.117% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,467.4 | −0.389% | $511K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.9 | −0.289% | $3.0M | $482K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.3 | −0.266% | $431K | $826K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470 | −0.219% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.6 | −0.039% | $347K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.6 | −0.038% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,471.1 | −0.140% | $449K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.7 | +0.103% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.6 | −0.037% | $226K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,472.7 | −0.031% | $2.5M | $23.5M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.3 | +0.008% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USDlong | +0.0104% | 1h | 1,473.2 | long leg | $3.3M | $6.9M | 10x | |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.4 | −0.051% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0120% | 1h | 1,474.2 | +0.069% | $19.1M | $52.8M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,473.3 | +0.006% | $835K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0199% | 1h | 1,473.9 | +0.046% | $2.4M | $3.7M | 15x | as long as short |
| Lighter RH ZECshort | +0.0408% | 1h | 1,475.1 | +0.129% | $2.0M | $8.3M | 10x | |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,475.1 | +0.130% | $3.8M | $11.5M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,473.5 | +0.019% | $718K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0604% | 1h | 1,469.6 | −0.240% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
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
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD