ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0692%/8h= −75.8% APRnext payment −$0.87 per $10,000 · paid last 24h −0.027%

Price spread now: Polymarket Perps against Lighter RH−0.090%46s7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$200.196% of the position

Long on Lighter RH Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.344%−$34 on $10k

Price spread, last 7 days−0.066%−$7 · spread now −0.090%, 7d avg −0.089%

Together, before fees−0.410%+ Points / potential airdropLighter RH: Points live · farm board−$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.344% in total (about -18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.87 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	1,471.3	0.0792	pay 0.0099% / 1h	26m 43s	$2.0M	$8.1M	10x
Short	Polymarket Perps ZEC-USD	1,470	0.0100	get 0.0013% / 1h	26m 43s	$340K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee Polymarket PerpsbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$145.32
Price spread: −0.090% → −0.089%: −$0.13
Slippage, 4 orders: −$11.59
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$165.04
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Polymarket Perps: live order book, 2 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, 2 min ago	2.00 bp	3.0 bp −$3	6.0 bp −$60	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	3.06 bp	7.1 bp −$7	10.1 bp −$101	29.0 bp −$2,901	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	−0.3321%	1h	1,471.8	+0.031%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0343%	1h	1,470.3	−0.070%	$17.8M	$43.0M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0111%	1h	1,467.9	−0.233%	$399K	$517K	5x	as long as short
BloFin ZEC-USDT	−0.0109%	8h	1,469.8	−0.103%	$29.7M	$73.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.6	−0.048%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0053%	8h	1,469	−0.155%	$47.6M	$33.8M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,469.1	−0.154%	$414K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,470.8	−0.037%	$959K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.6	−0.116%	$83K	$405K	10x	as long as short
Bybit ZECUSDT	+0.0006%	8h	1,468.5	−0.190%	$273.7M	$633.5M	75x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470	−0.088%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,469.9	−0.100%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,469.7	−0.108%	$293K	$1.2M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0051%	8h	1,468.8	−0.172%	$181.8M	$1.30B	50x	as long as short
Phoenix ZEC	+0.0054%	1h	1,473.1	+0.123%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,469.9	−0.096%	$378K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,470.2	−0.077%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,469.7	−0.109%	$20K	$838K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,469.3	−0.138%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.7	−0.040%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,469.9	−0.097%	$762.3M	$455.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.7	−0.181%	$14.9M	$31.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,469.2	−0.145%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,468.6	−0.187%	$683.8M	$2.37B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,471.5	+0.009%	$699K	$8.5M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,468.7	−0.181%	$51.2M	$179.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,468.8	−0.174%	$230.9M	$826.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,469	−0.158%	$104.4M	$55.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,468.9	−0.163%	$163.5M	$292.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,469.2	−0.147%	—	$100.2M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,470.8	−0.033%	$572K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470.9	−0.028%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,470.1	−0.086%	$430K	$868K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.6	+0.084%	$110K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,470	−0.090%	$340K	$1.7M	10x
Bullet ZEC-USD	+0.0100%	1h	1,470	−0.088%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.1	−0.217%	$458K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.5	+0.076%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.9	−0.100%	$242K	$3.9M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,470.1	−0.085%	$2.5M	$21.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,470.4	−0.067%	$3.9M	$5.3M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471.7	+0.025%	$895K	$24K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468.7	−0.177%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,469.9	−0.094%	$55K	$168K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0138%	1h	1,470.7	−0.042%	$605K	$1.3M	25x	as long as short
Lighter ZEC	+0.0208%	1h	1,470.6	−0.048%	$19.2M	$50.4M	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,470.4	−0.065%	$852K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,472.1	+0.052%	$3.8M	$10.1M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0539%	1h	1,470.1	−0.086%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0771%	1h	1,471.3	0.000%	$44K	$46K	10x	as long as short
Lighter RH ZEClong	+0.0792%	1h	1,471.3	long leg	$2.0M	$8.1M	10x