ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0081%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.067%

Price spread now: Lighter against Kraken Futures+0.112%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs+$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.601%+$60 on $10k

Price spread, last 4 days (all we have)−0.644%−$64 · spread now +0.112%, 7d avg +0.039%

Together, before fees−0.044%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.073% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,499.2	0.0143	pay 0.0018% / 1h	5m 52s	$18.2M	$46.1M	25x
Short	Lighter ZEC	1,500.9	0.0224	get 0.0028% / 1h	5m 52s	$19.7M	$45.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.112%Rate

Funding earned: $16.93
Price spread: +0.112% → +0.039%: $7.27
Slippage, 4 orders: −$15.25
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.05
Costs to cover: 0.253%
Break-even: 7.4 days

Slippage from Kraken Futures: live order book, 3 min ago; Lighter: live order book, 8 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 Kraken Futures live order book, 3 min ago	3.98 bp	9.9 bp −$10	12.2 bp −$122	18.5 bp −$1,846	96.6 bp −$48.3K
Sell Lighter live order book, 8 min ago	1.81 bp	1.8 bp −$2	2.1 bp −$21	16.4 bp −$1,640	68.2 bp −$34.1K

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	1,491.6	−0.510%	$34K	$273K	12x	as long as short
Bulk ZEC-USD	−0.0279%	1h	1,512.6	+0.892%	$914K	$15K	10x	as long as short
BloFin ZEC-USDT	−0.0124%	8h	1,499.5	+0.019%	$30.6M	$74.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,498.3	−0.066%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,498.3	−0.065%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,499.6	+0.027%	$1.7M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,497.8	−0.094%	$86K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,498.9	−0.025%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0069%	8h	1,499.1	−0.011%	$301K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,499.2	−0.005%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,496.7	−0.170%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,498.8	−0.033%	$152K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,498.8	−0.026%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,500.2	+0.064%	$782.5M	$437.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,498.9	−0.024%	$14.3M	$29.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,498.8	−0.027%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,499	−0.017%	$696.2M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,498.7	−0.039%	$274.7M	$621.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,498.7	−0.033%	$181.2M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,495.9	−0.223%	$407K	$481K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,498.9	−0.025%	$54.0M	$182.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,499.1	−0.013%	$226.2M	$783.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,499.6	+0.021%	$103.1M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,499	−0.019%	$161.7M	$284.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,498.2	−0.073%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,498.3	−0.060%	$49.0M	$33.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,505.7	+0.431%	$575K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.4	+0.408%	$3.1M	$475K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.8	+0.371%	$417K	$929K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,497	−0.149%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,498.5	−0.049%	$363K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,498.9	−0.025%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,498.1	−0.073%	$457K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,500.7	+0.099%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,499.2	−0.001%	$248K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,498.8	−0.031%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,499.2	0.000%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,498.6	−0.041%	$62K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,498.5	−0.051%	$13K	$856K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,498.7	−0.037%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,498.6	−0.043%	$46K	$149K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0108% / S −0.0083%	1h	1,498.6	−0.041%	$405K	—	100x	as long as short
Kraken Futures PF_ZECUSDlong	+0.0143%	1h	1,499.2	long leg	$18.2M	$46.1M	25x
RISEx ZEC/USDC	+0.0154%	1h	1,498.7	−0.039%	$935K	$1.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0189%	1h	1,499.9	+0.041%	$710K	$1.4M	25x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,500.8	+0.105%	$2.1M	$7.3M	10x	as long as short
Lighter ZECshort	+0.0224%	1h	1,500.9	+0.112%	$19.7M	$45.9M	20x
Backpack ZEC_USDC_PERP	+0.0369%	1h	1,499.9	+0.042%	$2.3M	$3.8M	15x	as long as short
Aftermath Perps ZECUSD	+0.0432%	1h	1,500.6	+0.091%	$50K	$61K	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,501.7	+0.167%	$3.7M	$9.9M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,499.6	+0.026%	$619K	$8.5M	10x	as long as short