Funding you earn now, next payment 03:00 UTC−0.0081%/8h= −8.8% APRpaid last 24h −0.048%
Price spread now: Variational Omni against Lighter−0.199%7-day average −0.103% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.191%−$19 on $10k
+Price spread, last 7 days+0.110%+$11 · spread now −0.199%, 7d avg −0.103%
=Together, before fees−0.081%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.096% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.103%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,471 | 0.0160 | pay 0.0020% / 1h | 59m 15s | $19.2M | $45.8M | 20x |
| Short | Variational Omni ZEC | 1,468.1 | 0.0079 | get 0.0079% / 8h | 5h 59m | $48.0M | $32.4M | — |
Lighter ZEC
Variational Omni ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$16.95
- Price spread: −0.199% → −0.103%
- −$9.6
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$26.55
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. 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, 5 min ago | 0.77 bp | 0.8 bp −$1 | 4.3 bp −$43 | 16.5 bp −$1,652 | 70.8 bp −$35.4K |
| Sell Variational Omni RFQ quote, 5 min ago | 2.76 bp | doesn't fit | 5.8 bp −$58 | 15.2 bp −$1,521 | doesn't fit |
ZEC on 50 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 | −0.3244% | 1h | 1,453.2 | −1.212% | $33K | $272K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0298% | 1h | 1,467.2 | −0.261% | $398K | $441K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.3 | −0.050% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.6 | −0.100% | $414K | $49K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469.6 | −0.095% | $972K | $4.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,469.2 | −0.126% | $84K | $249K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,469.6 | −0.101% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0032% | 8h | 1,469.5 | −0.108% | $293K | $984K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,469.9 | −0.077% | $8K | $8K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,469.4 | −0.108% | $384K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0070% | 1h | 1,469.6 | −0.097% | $4.6M | $1.4M | 10x | as long as short |
| Variational Omni ZECshort | +0.0079% | 8h | 1,468.1 | −0.199% | $48.0M | $32.4M | — | |
| OKX ZEC-USDT-SWAP | +0.0094% | 8h | 1,469.5 | −0.103% | $181.2M | $1.24B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,469.5 | −0.105% | $173K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,468.6 | −0.164% | $16K | $845K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470 | −0.068% | $61K | $42K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,469.9 | −0.078% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470.4 | −0.044% | $766.0M | $434.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,469.9 | −0.079% | $14.7M | $29.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.6 | −0.031% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,469.6 | −0.098% | $679.3M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,469.6 | −0.097% | $271.6M | $605.0M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,466.6 | −0.303% | $890K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,469.5 | −0.103% | $50.2M | $169.5M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,469.6 | −0.099% | $216.2M | $767.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,469.3 | −0.119% | $103.3M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,469.6 | −0.100% | $163.2M | $275.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,468.5 | −0.173% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468 | −0.204% | $571K | $8.9M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,468.3 | −0.184% | $3.0M | $430K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,468.3 | −0.184% | $427K | $880K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,469.6 | −0.097% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,469.1 | −0.132% | $343K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,469.8 | −0.087% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.1 | −0.201% | $448K | $512K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,472.9 | +0.124% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.6 | −0.097% | $242K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469.7 | −0.089% | $2.5M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469.7 | −0.093% | $3.9M | $5.2M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,469.5 | −0.102% | $2.8M | $7.6M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,469.7 | −0.090% | $48K | $155K | 20x | as long as short |
| Lighter ZEClong | +0.0160% | 1h | 1,471 | long leg | $19.2M | $45.8M | 20x | |
| Kraken Futures PF_ZECUSD | +0.0194% | 1h | 1,469.8 | −0.084% | $18.1M | $43.5M | 25x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0219% | 1h | 1,470.4 | −0.046% | $612K | $1.3M | 25x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,471.6 | +0.035% | $693K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0296% | 1h | 1,472 | +0.067% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,470.4 | −0.044% | $853K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0412% | 1h | 1,470.3 | −0.054% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,472.1 | +0.069% | $3.6M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0731% | 1h | 1,470 | −0.071% | $43K | $46K | 10x | as long as short |
Phoenix ZEC
OKX ZEC-USDT-SWAP
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
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
Kraken Futures PF_ZECUSD
Deribit ZEC_USDC-PERPETUAL
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD