Funding you earn now, next payment 00:00 UTC−0.0721%/8h= −78.9% APRnext payment −$0.90 per $10,000 · paid last 24h −0.058%
Price spread now: Kraken Futures against Lighter RH−0.134%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$260.258% of the position
Funding, last 7 days−0.475%−$48 on $10k
+Price spread, last 3 days (all we have)+0.412%+$41 · spread now −0.134%, 7d avg −0.040%
=Together, before fees−0.063%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Kraken Futures is 0.094% cheaper against Lighter RH than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.040%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.475% in total (about -24.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.90 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 | 1,474.5 | 0.0496 | pay 0.0062% / 1h | 38m 36s | $2.0M | $8.2M | 10x |
| Short | Kraken Futures PF_ZECUSD | 1,472.5 | −0.0225 | pay 0.0028% / 1h | 38m 36s | $17.9M | $44.3M | 25x |
Lighter RH ZEC
Kraken Futures PF_ZECUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$151.36
- Price spread: −0.134% → −0.040%
- −$9.42
- Slippage, 4 orders
- −$15.79
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$186.57
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 5 min ago; Kraken Futures: live order book, 6 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, 5 min ago | 1.39 bp | 3.8 bp −$4 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 1.09 bp | 9.2 bp −$9 | 13.3 bp −$133 | 20.4 bp −$2,036 | 99.4 bp −$49.7K |
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 | −0.3089% | 1h | 1,474.3 | −0.009% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDshort | −0.0225% | 1h | 1,472.5 | −0.134% | $17.9M | $44.3M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0216% | 1h | 1,471.3 | −0.214% | $399K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0102% | 8h | 1,472.2 | −0.155% | $29.6M | $75.4M | 75x | as long as short |
| Bybit ZECUSDT | −0.0102% | 8h | 1,470.9 | −0.241% | $274.9M | $656.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.1 | −0.157% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0047% | 8h | 1,470.3 | −0.285% | $46.9M | $33.7M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0037% | 1h | 1,471.9 | −0.174% | $431K | $831K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.6 | −0.127% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.8 | −0.112% | $903K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
ApeX Omni ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,472.2 | −0.157% | $84K | $404K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,473.2 | −0.087% | $614K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,472.7 | −0.118% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0011% | 8h | 1,472.4 | −0.138% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.5 | −0.068% | $4.7M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,471.8 | −0.178% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0035% | 8h | 1,471.4 | −0.208% | $180.6M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0046% | 8h | 1,472.1 | −0.158% | $50.8M | $186.1M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,472.6 | −0.129% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,473.8 | −0.047% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.5 | −0.199% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.2 | −0.222% | $13K | $834K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.2 | −0.155% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.8 | −0.115% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.9 | −0.106% | $763.5M | $473.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.1 | −0.159% | $15.0M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.8 | −0.114% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.6 | −0.196% | $683.2M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.6 | −0.062% | $719K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,473.1 | −0.094% | $909K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.2 | −0.155% | $230.4M | $835.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.3 | −0.147% | $103.8M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.7 | −0.187% | $163.0M | $302.3M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,472.2 | −0.157% | — | $102.5M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,471.1 | −0.228% | $512K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473.3 | −0.082% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.4 | −0.074% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471.4 | −0.208% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.2 | −0.151% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.9 | −0.243% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.9 | +0.027% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.3 | −0.147% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.6 | −0.191% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,472.8 | −0.113% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.6 | −0.129% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.3 | −0.148% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,472.6 | −0.128% | $826K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,474.4 | −0.005% | $3.8M | $10.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0434% | 1h | 1,473.2 | −0.089% | $2.4M | $3.7M | 15x | as long as short |
| Lighter RH ZEClong | +0.0496% | 1h | 1,474.5 | long leg | $2.0M | $8.2M | 10x | |
| Aftermath Perps ZECUSD | +0.0688% | 1h | 1,473.1 | −0.092% | $46K | $47K | 10x | as long as short |
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD