Funding you earn now, next payment 02:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.024%
Price spread now: Lighter against Katana Perps+0.110%54s7-day average +0.069% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.168%+$17 on $10k
+Price spread, last 7 days−0.027%−$3 · spread now +0.110%, 7d avg +0.069%
=Together, before fees+0.142%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.041% dearer against Katana Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.069%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps ZEC-USD | 1,473.8 | 0.0100 | pay 0.0100% / 8h | 6h 18m | $12K | $840K | 10x |
| Short | Lighter ZEC | 1,475.4 | 0.0248 | get 0.0031% / 1h | 18m 40s | $19.3M | $48.2M | 20x |
Katana Perps ZEC-USD
Lighter ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Katana Perps. 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
- $31.12
- Price spread: +0.110% → +0.069%
- $4.11
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $31.44
- Costs to cover
- 0.038%
- Break-even
- from the start
Slippage unknown: Katana Perps: 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 0.94 bp | 1.4 bp −$1 | 3.4 bp −$34 | 10.9 bp −$1,088 | 62.4 bp −$31.2K |
Katana Perps: 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 50 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 | −0.3678% | 1h | 1,459.6 | −0.966% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,474.9 | +0.075% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0014% | 1h | 1,472.5 | −0.087% | $400K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,474.2 | +0.032% | $18.1M | $43.8M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,474.4 | +0.040% | $415K | $53K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,474.6 | +0.053% | $975K | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.9 | −0.059% | $84K | $254K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,473.8 | +0.003% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0029% | 8h | 1,473.7 | −0.003% | $294K | $1.0M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,473.6 | −0.014% | $385K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEC | +0.0055% | 8h | 1,474.3 | +0.033% | $48.1M | $32.6M | — | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,474.7 | +0.061% | $4.7M | $1.5M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,473.8 | 0.000% | $8K | $8K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,473.4 | −0.027% | $173K | $1.8M | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0097% | 8h | 1,473.4 | −0.023% | $181.6M | $1.27B | 50x | as long as short |
| Katana Perps ZEC-USDlong | +0.0100% | 8h | 1,473.8 | long leg | $12K | $840K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,473.8 | +0.003% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,474.9 | +0.078% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,475.2 | +0.098% | $768.3M | $443.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474 | +0.015% | $14.8M | $30.2M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,474.1 | +0.021% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,473.7 | −0.006% | $681.7M | $2.32B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,473.5 | −0.020% | $272.1M | $615.7M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,476.6 | +0.190% | $896K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,473.9 | +0.006% | $50.3M | $176.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,473.7 | −0.005% | $215.8M | $800.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474.1 | +0.022% | $103.6M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,473.6 | −0.014% | $163.7M | $282.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,474 | +0.017% | — | $100.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,474.4 | +0.044% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473.6 | −0.015% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.8 | +0.071% | $429K | $896K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,475.1 | +0.088% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,473.8 | +0.001% | $347K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,473.5 | −0.020% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,472.4 | −0.097% | $458K | $511K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,476.4 | +0.176% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,474 | +0.012% | $243K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,474.6 | +0.056% | $2.5M | $18.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,474.7 | +0.064% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,474.1 | +0.025% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,473.9 | +0.007% | $48K | $162K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0166% | 1h | 1,474.5 | +0.048% | $613K | $1.3M | 25x | as long as short |
| Lighter ZECshort | +0.0248% | 1h | 1,475.4 | +0.110% | $19.3M | $48.2M | 20x | |
| Arcus ZEC-USD | +0.0254% | 1h | 1,475.2 | +0.097% | $688K | $8.6M | 10x | as long as short |
| Lighter RH ZEC | +0.0288% | 1h | 1,475.5 | +0.115% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,474.2 | +0.025% | $866K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0470% | 1h | 1,474.8 | +0.072% | $2.5M | $3.9M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,476.8 | +0.207% | $3.7M | $9.4M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0747% | 1h | 1,474.6 | +0.057% | $44K | $46K | 10x | as long as short |
Variational Omni ZEC
Phoenix ZEC
01 Exchange ZECUSD
Popdex ZECUSDT
OKX ZEC-USDT-SWAP
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD