Funding you earn now, next payment 04:00 UTC+0.0266%/8h= +29.1% APRnext payment +$0.33 per $10,000 · paid last 24h −0.006%
Price spread now: Arcus against Lighter RH+0.004%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$120.120% of the position
Funding, last 4 days (all we have)−0.003%$0 on $10k
+Price spread, last 7 days+0.072%+$7 · spread now +0.004%, 7d avg −0.028%
=Together, before fees+0.069%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Arcus is 0.031% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.028%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.003% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 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 RH ZEC | 1,462.3 | 0.0360 | pay 0.0045% / 1h | 14m 34s | $2.1M | $7.0M | 10x |
| Short | Arcus ZEC-USD | 1,462.4 | 0.0626 | get 0.0078% / 1h | 14m 34s | $682K | $8.3M | 10x |
Lighter RH ZEC
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter RH. 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
- $55.79
- Price spread: +0.004% → −0.028%
- $3.14
- Slippage, 4 orders
- −$7.53
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $46.9
- Costs to cover
- 0.120%
- Break-even
- 1.1 days
Slippage from Lighter RH: live order book, 4 min ago; Arcus: live order book, 5 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 RH live order book, 4 min ago | 1.58 bp | 1.6 bp −$2 | 3.8 bp −$38 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 5 min ago | 0.02 bp | 6.4 bp −$6 | 9.6 bp −$96 | 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 | −0.3166% | 1h | 1,445.2 | −1.169% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,460.7 | −0.114% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0069% | 8h | 1,460.4 | −0.131% | $29.5M | $71.0M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,459.7 | −0.177% | $411K | $38K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,460.9 | −0.101% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,461.5 | −0.054% | $84K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,460.5 | −0.124% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0063% | 8h | 1,460.5 | −0.125% | $292K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0069% / S −0.0020% | 1h | 1,460.4 | −0.132% | $410K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,462.1 | −0.014% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,462.2 | −0.012% | $174K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,462 | −0.020% | $11K | $857K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,461.3 | −0.070% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.6 | +0.019% | $2.8M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,463.3 | +0.066% | $760.9M | $432.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,461.3 | −0.070% | $14.8M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,461.4 | −0.067% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,462.3 | +0.001% | $672.2M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,461.4 | −0.062% | $262.4M | $602.3M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,461.7 | −0.042% | $178.5M | $1.23B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,458.4 | −0.269% | $396K | $442K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,461.4 | −0.065% | $50.7M | $175.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,461.2 | −0.075% | $216.5M | $774.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,461.3 | −0.070% | $103.1M | $54.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,462.2 | −0.009% | $166.3M | $271.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,460.9 | −0.097% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,459.3 | −0.208% | $47.9M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,459.6 | −0.184% | $568K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,460.7 | −0.114% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,460.8 | −0.107% | $405K | $940K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,460.6 | −0.118% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,462 | −0.023% | $355K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.4 | −0.132% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,459.6 | −0.185% | $446K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,462.9 | +0.037% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,460.5 | −0.129% | $234K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,459.8 | −0.170% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,460.2 | −0.146% | $3.8M | $5.1M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,460.6 | −0.116% | $882K | $18K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,461.6 | −0.053% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,460.4 | −0.133% | $47K | $151K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0120% | 1h | 1,461.2 | −0.077% | $617K | $1.3M | 25x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,460.1 | −0.153% | $4.6M | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0134% | 1h | 1,461.1 | −0.083% | $2.4M | $3.8M | 15x | as long as short |
| Lighter ZEC | +0.0248% | 1h | 1,462.4 | +0.007% | $19.2M | $46.0M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0276% | 1h | 1,460.4 | −0.129% | $18.1M | $45.0M | 25x | as long as short |
| Lighter RH ZEClong | +0.0360% | 1h | 1,462.3 | long leg | $2.1M | $7.0M | 10x | |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,461.9 | −0.032% | $925K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,462.5 | +0.013% | $3.8M | $9.1M | 50x | as long as short |
| Arcus ZEC-USDshort | +0.0626% | 1h | 1,462.4 | +0.004% | $682K | $8.3M | 10x | |
| Aftermath Perps ZECUSD | +0.0681% | 1h | 1,461.1 | −0.084% | $45K | $49K | 10x | as long as short |
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
Ondo Perps ZEC-USD.P
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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Phoenix ZEC
Backpack ZEC_USDC_PERP
Lighter ZEC
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD