Funding you earn now, next payment 02:00 UTC−0.0288%/8h= −31.5% APRnext payment −$0.36 per $10,000 · paid last 24h −0.058%
Price spread now: dYdX against Lighter RH−0.264%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$900.905% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.264%, 7d avg −0.076%
=Together, before fees+0.160%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and dYdX is 0.188% cheaper against Lighter RH than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.076%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 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 | 1,474.4 | 0.0288 | pay 0.0036% / 1h | 15m 09s | $2.1M | $7.1M | 10x |
| Short | dYdX ZEC-USD | 1,470.5 | 0 | get 0.0000% / 1h | 15m 09s | $414K | $53K | 5x |
Lighter RH ZEC
dYdX ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$60.48
- Price spread: −0.264% → −0.076%
- −$18.8
- Slippage, 4 orders
- −$80.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$169.78
- Costs to cover
- 0.905%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; dYdX: live order book, 54 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, 3 min ago | 1.05 bp | 3.1 bp −$3 | 6.4 bp −$64 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 54 min ago | 37.15 bp | 42.2 bp −$42 | 43.9 bp −$439 | 86.0 bp −$8,599 | 179.0 bp −$89.5K |
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 | −0.3678% | 1h | 1,459.6 | −1.007% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,471 | −0.231% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0017% | 1h | 1,472.5 | −0.129% | $399K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,472.8 | −0.110% | $18.1M | $43.8M | 25x | as long as short |
| dYdX ZEC-USDshort | 0.0000% | 1h | 1,470.5 | −0.264% | $414K | $53K | 5x | |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.7 | −0.186% | $975K | $4.9M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,470.5 | −0.262% | $84K | $254K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.9 | −0.168% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0030% | 8h | 1,472 | −0.163% | $294K | $1.0M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,471.9 | −0.171% | $384K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEC | +0.0062% | 8h | 1,470.6 | −0.257% | $48.0M | $32.7M | — | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,471 | −0.231% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,473.2 | −0.083% | $4.7M | $1.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.7 | −0.249% | $173K | $1.8M | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0097% | 8h | 1,472.5 | −0.130% | $181.3M | $1.27B | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,470.6 | −0.260% | $9K | $843K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470.8 | −0.244% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.2 | −0.215% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.8 | −0.041% | $767.7M | $443.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.7 | −0.181% | $14.8M | $30.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,471.4 | −0.200% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.7 | −0.119% | $681.4M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,472.3 | −0.143% | $271.9M | $615.4M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.8 | −0.110% | $894K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,472.9 | −0.100% | $50.2M | $176.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.7 | −0.117% | $215.8M | $801.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.6 | −0.123% | $103.5M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.7 | −0.114% | $163.6M | $282.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,471.6 | −0.191% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,473.6 | −0.054% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,474.3 | −0.010% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.1 | −0.021% | $429K | $895K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,472.1 | −0.155% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471 | −0.231% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.6 | −0.190% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.7 | −0.249% | $457K | $511K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473 | −0.098% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.3 | −0.140% | $243K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.4 | −0.202% | $2.5M | $18.7M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.3 | −0.072% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.1 | −0.156% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472 | −0.164% | $48K | $162K | 20x | as long as short |
| Lighter ZEC | +0.0240% | 1h | 1,474.2 | −0.014% | $19.3M | $48.2M | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,472.4 | −0.136% | $695K | $8.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0256% | 1h | 1,472.9 | −0.102% | $613K | $1.3M | 25x | as long as short |
| Lighter RH ZEClong | +0.0288% | 1h | 1,474.4 | long leg | $2.1M | $7.1M | 10x | |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,471.5 | −0.199% | $865K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0456% | 1h | 1,473.5 | −0.060% | $2.5M | $4.0M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,472.5 | −0.132% | $3.6M | $9.3M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0745% | 1h | 1,473 | −0.095% | $44K | $46K | 10x | as long as short |
Variational Omni ZEC
01 Exchange ZECUSD
Phoenix ZEC
Popdex ZECUSDT
OKX ZEC-USDT-SWAP
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
Lighter ZEC
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD