Funding you earn now, next payment 23:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.036%
Price spread now: Gate against Lighter−0.159%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$240.238% of the position
Funding, last 7 days−0.483%−$48 on $10k
+Price spread, last 7 days+0.091%+$9 · spread now −0.159%, 7d avg −0.070%
=Together, before fees−0.392%+ Points / potential airdropLighter: Season 3 · farm board−$39 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 Gate is 0.089% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.070%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,470 | 0.0152 | pay 0.0019% / 1h | 25m 46s | $19.0M | $52.6M | 20x |
| Short | Gate ZEC_USDT | 1,467.6 | 0.0051 | get 0.0051% / 8h | 1h 25m | $50.0M | $185.8M | 75x |
Lighter ZEC
Gate ZEC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$21.21
- Price spread: −0.159% → −0.070%
- −$8.9
- Slippage, 4 orders
- −$8.83
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$53.94
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Gate: live order book, 3 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, 8 min ago | 0.58 bp | 1.4 bp −$1 | 2.3 bp −$23 | 8.2 bp −$817 | 63.0 bp −$31.5K |
| Sell Gate live order book, 3 min ago | 0.44 bp | 11.4 bp −$11 | 18.9 bp −$189 | 31.9 bp −$3,186 | 57.2 bp −$28.6K |
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 | −0.3310% | 1h | 1,463.6 | −0.433% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,467.8 | −0.149% | $17.9M | $44.7M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0216% | 1h | 1,462 | −0.542% | $397K | $514K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0097% | 8h | 1,466.4 | −0.242% | $29.3M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,466.2 | −0.258% | $6K | $2K | 10x | as long as short |
| Bulk ZEC-USD | −0.0065% | 1h | 1,462.1 | −0.535% | $902K | $27K | 10x | as long as short |
| Bybit ZECUSDT | −0.0056% | 8h | 1,467 | −0.201% | $272.0M | $667.4M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,463 | −0.477% | $46.5M | $33.7M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.6 | −0.230% | $413K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,467.3 | −0.182% | $887K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bulk ZEC-USD
Bybit ZECUSDT
Variational Omni ZEC
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 | 1,467.2 | −0.189% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,467.6 | −0.159% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,467.4 | −0.178% | $293K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0009% | 1h | 1,467.6 | −0.163% | $356K | — | 100x | as long as short |
| Gate ZEC_USDTshort | +0.0051% | 8h | 1,467.6 | −0.159% | $50.0M | $185.8M | 75x | |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,467.3 | −0.180% | $177.0M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,467.5 | −0.171% | $8K | $8K | 5x | as long as short |
| ApeX Omni ZECUSDT | +0.0070% | 1h | 1,463.9 | −0.413% | $430K | $821K | 50x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,464.5 | −0.374% | $4.6M | $1.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,467.3 | −0.181% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,467.7 | −0.151% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.6 | −0.232% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,466.9 | −0.209% | $2.5M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.2 | −0.120% | $761.2M | $485.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.1 | −0.128% | $15.6M | $32.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.9 | −0.210% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,467.7 | −0.152% | $676.2M | $2.48B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.7 | −0.151% | $223.1M | $864.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,468.3 | −0.116% | $103.9M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,467.3 | −0.180% | $162.8M | $305.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,467.4 | −0.172% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,463.1 | −0.470% | $510K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,463.2 | −0.461% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.8 | −0.283% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,467.4 | −0.174% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,467.3 | −0.184% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466 | −0.272% | $448K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,469 | −0.069% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,467.5 | −0.171% | $223K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,466.2 | −0.255% | $2.5M | $23.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,468.4 | −0.109% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,467.8 | −0.149% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.4 | −0.175% | $37K | $366K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0104% | 1h | 1,468.2 | −0.117% | $597K | $1.3M | 25x | as long as short |
| Lighter ZEClong | +0.0152% | 1h | 1,470 | long leg | $19.0M | $52.6M | 20x | |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,467.2 | −0.191% | $844K | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0193% | 1h | 1,468.8 | −0.081% | $2.4M | $3.8M | 15x | as long as short |
| Lighter RH ZEC | +0.0400% | 1h | 1,470.4 | +0.031% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,468.7 | −0.087% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,467.6 | −0.161% | $726K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0564% | 1h | 1,465.3 | −0.319% | $41K | $34K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
ApeX Omni ZECUSDT
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
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
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD