ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0378%/8h= −41.3% APRnext payment −$0.47 per $10,000 · paid last 24h −0.042%

Price spread now: Ondo Perps against Lighter−0.175%7-day average −0.111% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.200%−$20 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.175%, 7d avg −0.111%

Together, before fees−0.217%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Ondo Perps is 0.064% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.111%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.200% in total (about -10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.47 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	Lighter ZEC	1,473.1	0.0120	pay 0.0015% / 1h	4m 52s	$19.1M	$52.8M	20x
Short	Ondo Perps ZEC-USD.P	1,470.5	−0.0258	pay 0.0032% / 1h	4m 52s	$398K	$517K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpFee Ondo PerpsbpOrdersPrice spread, now −0.175%Rate

Funding earned: −$79.3
Price spread: −0.175% → −0.111%: −$6.41
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$90.7
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 9 min ago; Ondo Perps: 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, 9 min ago	0.60 bp	0.6 bp −$1	2.7 bp −$27	10.7 bp −$1,074	65.5 bp −$32.8K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.3310%	1h	1,472	−0.075%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0403%	1h	1,471.7	−0.096%	$17.9M	$44.9M	25x	as long as short
Ondo Perps ZEC-USD.Pshort	−0.0258%	1h	1,470.5	−0.175%	$398K	$517K	5x
BloFin ZEC-USDT	−0.0108%	8h	1,471.5	−0.111%	$29.3M	$75.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.6	−0.031%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0075%	8h	1,470.9	−0.152%	$272.4M	$665.8M	75x	as long as short
Variational Omni ZEC	−0.0036%	8h	1,470.8	−0.157%	$46.7M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,472.4	−0.050%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473	−0.006%	$889K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.3	−0.051%	$84K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,472.4	−0.044%	$599K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.5	−0.040%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0009%	8h	1,471.8	−0.087%	$294K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0038% / S +0.0009%	1h	1,472.3	−0.051%	$360K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,471.4	−0.115%	$178.4M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0045%	8h	1,471.3	−0.120%	$50.2M	$187.6M	75x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,473	−0.004%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,473.5	+0.029%	$4.6M	$1.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.4	−0.047%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,473	−0.004%	$11K	$822K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.2	−0.059%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.3	+0.013%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.4	−0.046%	$764.0M	$478.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,471.7	−0.091%	$15.6M	$32.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.2	+0.005%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.5	−0.106%	$679.1M	$2.47B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,467.7	−0.363%	$906K	$27K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,471.4	−0.117%	$223.1M	$872.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.4	−0.112%	$103.9M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.5	−0.110%	$162.8M	$304.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,470.8	−0.156%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468.6	−0.303%	$512K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.9	−0.284%	$3.0M	$482K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.2	−0.266%	$431K	$826K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470	−0.213%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.4	−0.046%	$348K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,472.1	−0.069%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.3	−0.186%	$448K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.8	+0.118%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,471.4	−0.115%	$226K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.9	−0.080%	$2.5M	$23.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.2	−0.063%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,471.7	−0.092%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.2	−0.127%	$37K	$366K	20x	as long as short
Lighter ZEClong	+0.0120%	1h	1,473.1	long leg	$19.1M	$52.8M	20x
RISEx ZEC/USDC	+0.0190%	1h	1,473	−0.004%	$835K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0204%	1h	1,472.3	−0.051%	$2.4M	$3.7M	15x	as long as short
Lighter RH ZEC	+0.0408%	1h	1,473.5	+0.030%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,474	+0.065%	$3.8M	$11.5M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,473.5	+0.031%	$715K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0605%	1h	1,470.4	−0.182%	$41K	$34K	10x	as long as short