Funding you earn now, next payment 07:00 UTC−0.0164%/8h= −18.0% APRnext payment −$0.20 per $10,000 · paid last 24h −0.010%
Price spread now: Derive against Lighter−0.175%155s7-day average −0.137% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 4 days (all we have)+0.433%+$43 · spread now −0.175%, 7d avg −0.137%
=Together, before fees+0.220%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Derive is 0.038% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.137%). Swap the legs. The two prices were read 155 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 | Lighter ZEC | 1,497.8 | 0.0264 | pay 0.0033% / 1h | 4m 51s | $19.7M | $47.1M | 20x |
| Short | Derive ZEC-PERP | 1,495.2 | 0.0100 | get 0.0013% / 1h | 4m 51s | $456K | $500K | 6.7x |
Lighter ZEC
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- −$34.44
- Price spread: −0.175% → −0.137%
- −$3.77
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$44.21
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 4 min ago; Derive: no order-book sample. 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 Lighter live order book, 4 min ago | 0.91 bp | 2.0 bp −$2 | 2.8 bp −$28 | 17.3 bp −$1,731 | 72.2 bp −$36.1K |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 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 | −0.3684% | 1h | 1,479.6 | −1.215% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,493.8 | −0.269% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0143% | 8h | 1,494.8 | −0.199% | $30.9M | $75.1M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,494.5 | −0.216% | $18.1M | $46.5M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,496 | −0.122% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,495.5 | −0.152% | $416K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,495.8 | −0.132% | $1.5M | $4.7M | 2.2x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,494.6 | −0.216% | $682K | $1.4M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,494 | −0.255% | $5.3M | — | 150x | as long as short |
| Aftermath Perps ZECUSD | +0.0015% | 1h | 1,495.2 | −0.170% | $48K | $64K | 10x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Aftermath Perps ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0080% | 8h | 1,493.8 | −0.263% | $301K | $1.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,495.2 | −0.171% | $171K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,495.1 | −0.182% | $12K | $876K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,495.3 | −0.165% | $62K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,495.8 | −0.135% | $3.1M | $7.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,495.6 | −0.147% | $14.0M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,495.8 | −0.129% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,496.5 | −0.086% | $697.5M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,496 | −0.121% | $268.0M | $630.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,496.5 | −0.087% | $182.6M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,494.1 | −0.246% | $408K | $554K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,494.2 | −0.237% | $903K | $7K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,496.2 | −0.107% | $55.2M | $187.3M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,496 | −0.120% | $243.2M | $799.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,495.3 | −0.168% | $103.1M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,496.7 | −0.072% | $160.9M | $289.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,495.5 | −0.152% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,495.2 | −0.175% | $48.9M | $34.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,495.1 | −0.177% | $573K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,494.7 | −0.204% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,496.3 | −0.097% | $412K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,496.1 | −0.113% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,495.2 | −0.173% | $358K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,493.9 | −0.257% | $164K | $184K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,495.2 | −0.175% | $456K | $500K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,495.7 | −0.137% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,494.2 | −0.239% | $254K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,494.5 | −0.217% | $2.7M | $20.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,494.5 | −0.217% | $4.0M | $5.0M | 50x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,497 | −0.052% | $781.4M | $446.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,495.7 | −0.142% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,493.8 | −0.264% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0120% | 1h | 1,495.5 | −0.152% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,495.4 | −0.162% | $939K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,496.6 | −0.080% | $4.8M | $1.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0137% / S −0.0133% | 1h | 1,493.7 | −0.275% | $396K | — | 100x | as long as short |
| Lighter RH ZEC | +0.0192% | 1h | 1,496.1 | −0.114% | $2.1M | $7.5M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,496.3 | −0.097% | $610K | $8.7M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0259% | 1h | 1,495.5 | −0.150% | $2.3M | $3.9M | 15x | as long as short |
| Lighter ZEClong | +0.0264% | 1h | 1,497.8 | long leg | $19.7M | $47.1M | 20x | |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,495.4 | −0.161% | $3.7M | $10.1M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Hyperliquid ZEC
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Lighter RH ZEC
Arcus ZEC-USD
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX