Funding you earn now, next payment 00:00 UTC+0.0721%/8h= +78.9% APRnext payment +$0.90 per $10,000 · paid last 24h +0.058%
Price spread now: Lighter RH against Kraken Futures+0.154%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs+$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 7 days+0.475%+$48 on $10k
+Price spread, last 3 days (all we have)−0.432%−$43 · spread now +0.154%, 7d avg +0.040%
=Together, before fees+0.043%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Lighter RH is 0.114% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.040%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.475% in total (about 24.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.90 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 | Kraken Futures PF_ZECUSD | 1,472 | −0.0225 | get 0.0028% / 1h | 37m 53s | $17.9M | $44.3M | 25x |
| Short | Lighter RH ZEC | 1,474.2 | 0.0496 | get 0.0062% / 1h | 37m 53s | $2.0M | $8.2M | 10x |
Kraken Futures PF_ZECUSD
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $151.38
- Price spread: +0.154% → +0.040%
- $11.41
- Slippage, 4 orders
- −$14.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $138.74
- Costs to cover
- 0.240%
- Break-even
- 0.6 days
Slippage from Kraken Futures: live order book, 1 min ago; Lighter RH: live order book, 6 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, 1 min ago | 1.12 bp | 9.4 bp −$9 | 12.6 bp −$126 | 19.5 bp −$1,953 | 93.9 bp −$47.0K |
| Sell Lighter RH live order book, 6 min ago | 1.39 bp | 2.1 bp −$2 | 4.0 bp −$40 | 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 | −0.3089% | 1h | 1,474.3 | +0.160% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDlong | −0.0225% | 1h | 1,472 | long leg | $17.9M | $44.3M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0216% | 1h | 1,471.3 | −0.045% | $399K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0102% | 8h | 1,472.2 | +0.015% | $29.6M | $75.4M | 75x | as long as short |
| Bybit ZECUSDT | −0.0102% | 8h | 1,470.8 | −0.080% | $274.9M | $656.4M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.1 | +0.012% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0047% | 8h | 1,470.3 | −0.116% | $46.9M | $33.7M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0037% | 1h | 1,471.9 | −0.005% | $431K | $831K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.6 | +0.043% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.7 | +0.048% | $903K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
ApeX Omni ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,472.2 | +0.013% | $84K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,472.5 | +0.035% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0011% | 8h | 1,472.4 | +0.029% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.5 | +0.102% | $4.7M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,471.8 | −0.009% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,471.4 | −0.038% | $180.6M | $1.34B | 50x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0039% | 1h | 1,473.2 | +0.083% | $614K | $1.3M | 25x | as long as short |
| Gate ZEC_USDT | +0.0046% | 8h | 1,471.7 | −0.015% | $50.8M | $186.2M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,472.2 | +0.017% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,473.3 | +0.091% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.5 | −0.029% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.2 | −0.053% | $13K | $834K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.2 | +0.014% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.8 | +0.054% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.7 | +0.050% | $763.3M | $473.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.2 | +0.018% | $15.0M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.8 | +0.056% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.6 | −0.026% | $683.2M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.6 | +0.108% | $719K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,473.1 | +0.075% | $909K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.6 | −0.025% | $230.6M | $835.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.3 | +0.026% | $103.8M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.6 | −0.025% | $163.0M | $302.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,471 | −0.067% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,471.1 | −0.059% | $512K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473.3 | +0.088% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.4 | +0.096% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471.4 | −0.038% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.6 | −0.023% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.8 | −0.077% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473.9 | +0.133% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,471.9 | −0.007% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.8 | −0.014% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,472.5 | +0.034% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.2 | +0.013% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.2 | +0.015% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,472.6 | +0.042% | $826K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,474.5 | +0.169% | $3.8M | $10.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0433% | 1h | 1,473 | +0.070% | $2.4M | $3.7M | 15x | as long as short |
| Lighter RH ZECshort | +0.0496% | 1h | 1,474.2 | +0.154% | $2.0M | $8.2M | 10x | |
| Aftermath Perps ZECUSD | +0.0683% | 1h | 1,473.2 | +0.086% | $46K | $47K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Deribit ZEC_USDC-PERPETUAL
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD