Funding you earn now, next payment 03:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h −0.032%
Price spread now: Katana Perps against Lighter RH−0.049%7-day average −0.070% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.051%−$5 on $10k
+Price spread, last 7 days+0.037%+$4 · spread now −0.049%, 7d avg −0.070%
=Together, before fees−0.015%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Katana Perps is 0.021% dearer against Lighter RH than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.070%): +$2 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 4 days (−0.051% in total) that is about 37 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.051% in total (about -5.0% a year). A funding rate is set anew for every payment. 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 | 1,452.1 | 0.0360 | pay 0.0045% / 1h | 3m 56s | $2.0M | $6.9M | 10x |
| Short | Katana Perps ZEC-USD | 1,451.4 | 0.0100 | get 0.0100% / 8h | 5h 03m | $11K | $876K | 10x |
Lighter RH ZEC
Katana Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- −$54.64
- Price spread: −0.049% → −0.070%
- $2.1
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$56.35
- Costs to cover
- 0.038%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 5 min ago; Katana 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 RH live order book, 5 min ago | 1.34 bp | 2.3 bp −$2 | 5.7 bp −$57 | doesn't fit | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana 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 | −0.3244% | 1h | 1,435.8 | −1.127% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,452.1 | −0.001% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,451.3 | −0.059% | $29.3M | $70.5M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,451.3 | −0.058% | $409K | $40K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,452.3 | +0.015% | $1.5M | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,451.7 | −0.031% | $83K | $241K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,450.5 | −0.110% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0054% | 8h | 1,450.3 | −0.127% | $290K | $963K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0062% / S −0.0012% | 1h | 1,450.2 | −0.129% | $407K | — | 100x | as long as short |
| Phoenix ZEC | +0.0074% | 1h | 1,450.6 | −0.106% | $4.6M | $1.4M | 10x | 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]
Phoenix ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,450.7 | −0.101% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USDshort | +0.0100% | 8h | 1,451.4 | −0.049% | $11K | $876K | 10x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,452 | −0.007% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,450.9 | −0.084% | $2.6M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,451.6 | −0.036% | $754.8M | $434.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,450.3 | −0.123% | $14.4M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,452.4 | +0.021% | $1.6M | $2.5M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,450.6 | −0.103% | $664.2M | $2.23B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,449.7 | −0.168% | $262.1M | $606.3M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,450.2 | −0.136% | $177.6M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,449 | −0.215% | $395K | $435K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,450 | −0.146% | $876K | $23K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,450.4 | −0.118% | $49.8M | $176.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,450.1 | −0.140% | $221.1M | $782.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,450.2 | −0.134% | $102.0M | $55.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,450.3 | −0.125% | $161.6M | $272.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,450.5 | −0.115% | — | $96.8M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,451 | −0.077% | $2.5M | $3.8M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,449.4 | −0.187% | $47.3M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,452 | −0.006% | $565K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,453.8 | +0.119% | $3.0M | $432K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,453.1 | +0.064% | $409K | $911K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,451.4 | −0.050% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,451 | −0.077% | $367K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,450.8 | −0.093% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,449.5 | −0.181% | $443K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,453.2 | +0.076% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,450.5 | −0.115% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,451.3 | −0.055% | $2.7M | $18.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,450.5 | −0.111% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,449.9 | −0.150% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,450.3 | −0.128% | $47K | $153K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0136% | 1h | 1,451.8 | −0.024% | $8K | $7K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0196% | 1h | 1,450.2 | −0.131% | $17.9M | $44.6M | 25x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0230% | 1h | 1,451.1 | −0.071% | $609K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0232% | 1h | 1,452 | −0.010% | $19.0M | $46.8M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,453.5 | +0.098% | $723K | $8.4M | 10x | as long as short |
| Lighter RH ZEClong | +0.0360% | 1h | 1,452.1 | long leg | $2.0M | $6.9M | 10x | |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,452.2 | +0.003% | $830K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,452.1 | 0.000% | $3.7M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0682% | 1h | 1,453.4 | +0.090% | $44K | $49K | 10x | as long as short |
Popdex ZECUSDT
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
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
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
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Arcus ZEC-USD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD