Funding you earn now, next payment 02:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.034%
Price spread now: Derive against Lighter RH−0.207%7-day average −0.143% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 3 days (all we have)+0.215%+$21 · spread now −0.207%, 7d avg −0.143%
=Together, before fees+0.140%+ Points / potential airdropLighter RH: Points live · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Derive is 0.064% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.143%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH ZEC | 1,467.8 | 0.0224 | pay 0.0028% / 1h | 41m 19s | $2.0M | $7.1M | 10x |
| Short | Derive ZEC-PERP | 1,464.7 | 0.0100 | get 0.0013% / 1h | 41m 19s | $456K | $510K | 6.7x |
Lighter RH ZEC
Derive ZEC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- −$26.04
- Price spread: −0.207% → −0.143%
- −$6.38
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$38.42
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 2 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 RH live order book, 2 min ago | 1.60 bp | 4.4 bp −$4 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| 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 | −0.3678% | 1h | 1,467.9 | +0.011% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,467.8 | −0.001% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0054% | 1h | 1,467.1 | −0.046% | $398K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,466.3 | −0.099% | $18.0M | $43.6M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,467.2 | −0.037% | $413K | $57K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,465.3 | −0.172% | $969K | $5.1M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,466.5 | −0.084% | $83K | $264K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,466.4 | −0.094% | $5.2M | — | 150x | as long as short |
| BloFin ZEC-USDT | +0.0012% | 8h | 1,475.2 | +0.506% | $29.6M | $73.3M | 75x | as long as short |
| Variational Omni ZEC | +0.0023% | 8h | 1,466.1 | −0.114% | $47.8M | $33.3M | — | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
BloFin ZEC-USDT
Variational Omni ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0026% | 8h | 1,466.3 | −0.100% | $293K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,466.8 | −0.069% | $8K | $9K | 5x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,466.3 | −0.101% | $383K | — | 100x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,466.9 | −0.063% | $4.6M | $1.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0080% | 8h | 1,466.1 | −0.115% | $49.8M | $174.7M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0082% | 8h | 1,466.4 | −0.095% | $181.1M | $1.28B | 50x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,466.3 | −0.104% | $172K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,466 | −0.125% | $16K | $839K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,466.6 | −0.077% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,467.1 | −0.049% | $2.5M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,467 | −0.053% | $763.1M | $450.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,466.3 | −0.101% | $14.8M | $31.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.7 | −0.076% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,466.3 | −0.102% | $679.9M | $2.35B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,466.3 | −0.102% | $270.5M | $627.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,466.2 | −0.106% | $214.8M | $794.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,466.4 | −0.095% | $103.2M | $56.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,466.1 | −0.115% | $162.6M | $286.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,466.6 | −0.084% | — | $100.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469.5 | +0.116% | $572K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,472.7 | +0.332% | $3.0M | $443K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,467.8 | +0.001% | $427K | $906K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470 | +0.152% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,466 | −0.121% | $338K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,466.3 | −0.104% | $128K | $158K | 20x | as long as short |
| Derive ZEC-PERPshort | +0.0100% | 1h | 1,464.7 | −0.207% | $456K | $510K | 6.7x | |
| SunX ZEC-USDT | +0.0100% | 8h | 1,468.5 | +0.050% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.3 | −0.103% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465 | −0.189% | $2.5M | $19.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,466 | −0.123% | $3.9M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,474.6 | +0.468% | $897K | $17K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.1 | −0.112% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,465.7 | −0.141% | $48K | $167K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0138% | 1h | 1,466.7 | −0.073% | $603K | $1.3M | 25x | as long as short |
| Lighter RH ZEClong | +0.0224% | 1h | 1,467.8 | long leg | $2.0M | $7.1M | 10x | |
| Lighter ZEC | +0.0240% | 1h | 1,467.4 | −0.028% | $19.1M | $48.0M | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,468 | +0.016% | $695K | $8.7M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,466.9 | −0.061% | $852K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,467.7 | −0.007% | $3.6M | $9.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0524% | 1h | 1,468.2 | +0.028% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0737% | 1h | 1,471.3 | +0.242% | $44K | $46K | 10x | as long as short |
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
GMX ZEC/USD [WBTC.b-USDC]
Phoenix ZEC
Gate ZEC_USDT
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
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Arcus ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD