Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.017%
Price spread now: Bullet against Lighter−0.174%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 4 days (all we have)−0.185%−$18 on $10k
+Price spread, last 4 days (all we have)+1.942%+$194 · spread now −0.174%, 7d avg −0.055%
=Together, before fees+1.758%+ Points / potential airdropLighter: Season 3 · farm board+$176 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bullet is 0.118% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.055%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,508.5 | 0.0208 | pay 0.0026% / 1h | 15m 19s | $19.9M | $46.3M | 20x |
| Short | Bullet ZEC-USD | 1,505.9 | 0.0100 | get 0.0013% / 1h | 15m 19s | $170K | $184K | 20x |
Lighter ZEC
Bullet ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Lighter. 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
- −$22.68
- Price spread: −0.174% → −0.055%
- −$11.85
- Slippage, 4 orders
- −$6.17
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$48.7
- Costs to cover
- 0.142%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 9 min ago; Bullet: live order book, 24 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 Lighter live order book, 9 min ago | 0.49 bp | 0.5 bp $0 | 1.2 bp −$12 | 10.6 bp −$1,059 | 67.9 bp −$34.0K |
| Sell Bullet live order book, 24 min ago | 0.40 bp | 5.7 bp −$6 | 10.6 bp −$106 | 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 | −0.3442% | 1h | 1,479.6 | −1.918% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,504.4 | −0.270% | $62K | $303K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0171% | 8h | 1,509 | +0.029% | $31.1M | $76.4M | 75x | as long as short |
| Bulk ZEC-USD | −0.0108% | 1h | 1,495.7 | −0.848% | $810K | $100K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0083% | 1h | 1,500.7 | −0.518% | $48K | $58K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,505.2 | −0.219% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,505 | −0.235% | $418K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,511.3 | +0.186% | $1.5M | $4.4M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,506.1 | −0.163% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0012% | 1h | 1,507.9 | −0.043% | $18.1M | $47.2M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Bulk ZEC-USD
Aftermath Perps ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZEC-USD.P | +0.0058% | 1h | 1,498 | −0.697% | $411K | $555K | 5x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,504.1 | −0.292% | $8K | $6K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0083% | 8h | 1,505.6 | −0.195% | $303K | $864K | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,505.9 | −0.176% | $4.8M | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,508.8 | +0.017% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,505.1 | −0.227% | $179K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,505.2 | −0.221% | $12K | $891K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,505.5 | −0.197% | $62K | $20K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,505.7 | −0.185% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,506.3 | −0.146% | $787.2M | $440.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,507.7 | −0.057% | $14.1M | $30.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,504.5 | −0.265% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,507.7 | −0.052% | $705.4M | $2.30B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,507.6 | −0.062% | $270.8M | $619.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,508.2 | −0.022% | $184.7M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,505.7 | −0.186% | $57.6M | $186.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,508.8 | +0.020% | $239.8M | $806.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,507.3 | −0.079% | $103.5M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,507.4 | −0.075% | $163.0M | $289.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,505.6 | −0.190% | — | $117.6M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,501.9 | −0.437% | $49.1M | $34.4M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,504.6 | −0.260% | $576K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,503.1 | −0.361% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,504.4 | −0.275% | $414K | $946K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,504.8 | −0.247% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,505.6 | −0.193% | $361K | $1.6M | 10x | as long as short |
| Bullet ZEC-USDshort | +0.0100% | 1h | 1,505.9 | −0.174% | $170K | $184K | 20x | |
| Derive ZEC-PERP | +0.0100% | 1h | 1,502.7 | −0.385% | $459K | $469K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,507.1 | −0.091% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,507.4 | −0.071% | $255K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,507.8 | −0.048% | $2.7M | $20.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,509.5 | +0.064% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,507.4 | −0.071% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,504.7 | −0.254% | $43K | $151K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0128% | 1h | 1,505.4 | −0.208% | $948K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0147% / S −0.0144% | 1h | 1,506 | −0.166% | $335K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0154% | 1h | 1,507.6 | −0.058% | $688K | $1.4M | 25x | as long as short |
| Lighter ZEClong | +0.0208% | 1h | 1,508.5 | long leg | $19.9M | $46.3M | 20x | |
| Arcus ZEC-USD | +0.0403% | 1h | 1,505.6 | −0.192% | $608K | $8.8M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,508.7 | +0.014% | $3.7M | $9.6M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0506% | 1h | 1,503.3 | −0.345% | $2.3M | $3.8M | 15x | as long as short |
Ondo Perps ZEC-USD.P
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
Lighter RH ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP