Funding you earn now, next payment 23:00 UTC+0.0336%/8h= +36.8% APRnext payment +$0.42 per $10,000 · paid last 24h +0.020%
Price spread now: Lighter RH against Popdex+0.134%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$140.145% of the position
Funding, last 3 days (all we have)+0.034%+$3 on $10k
+Price spread, last 7 days−0.121%−$12 · spread now +0.134%, 7d avg +0.063%
=Together, before fees−0.087%+ Points / potential airdropLighter RH: Points live · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter RH is 0.071% dearer against Popdex than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.063%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.034% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 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 | Popdex ZECUSDT | 1,467.8 | 0.0096 | pay 0.0012% / 1h | 45m 54s | $174K | $1.9M | 50x |
| Short | Lighter RH ZEC | 1,469.8 | 0.0432 | get 0.0054% / 1h | 45m 54s | $2.0M | $8.2M | 10x |
Popdex ZECUSDT
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Popdex. 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
- $70.56
- Price spread: +0.134% → +0.063%
- $7.15
- Slippage, 4 orders
- −$8.09
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $63.22
- Costs to cover
- 0.145%
- Break-even
- 0.7 days
Slippage from Popdex: live order book, 3 min ago; Lighter RH: live order book, 3 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 Popdex live order book, 3 min ago | 0.10 bp | 3.6 bp −$4 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 2.29 bp | 2.3 bp −$2 | 4.5 bp −$45 | doesn't fit | 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 | −0.3310% | 1h | 1,462.9 | −0.330% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,467.8 | +0.004% | $17.8M | $44.7M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0107% | 1h | 1,459.3 | −0.578% | $398K | $518K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0097% | 8h | 1,467.7 | −0.010% | $29.3M | $75.6M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,466.4 | −0.097% | $6K | $2K | 10x | as long as short |
| Bybit ZECUSDT | −0.0045% | 8h | 1,468.8 | +0.072% | $271.9M | $675.4M | 75x | as long as short |
| Variational Omni ZEC | −0.0023% | 8h | 1,459.1 | −0.590% | $46.4M | $34.1M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,468.1 | +0.018% | $413K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,468.6 | +0.052% | $889K | $5.7M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,467.8 | +0.003% | $83K | $404K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,468.3 | +0.031% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0079% | 1h | 1,468.2 | +0.027% | $543K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,467.7 | −0.003% | $294K | $1.5M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0039% | 1h | 1,468.7 | +0.060% | $598K | $1.3M | 25x | as long as short |
| ApeX Omni ZECUSDT | +0.0039% | 1h | 1,463.4 | −0.299% | $430K | $818K | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0051% | 8h | 1,469.1 | +0.089% | $176.1M | $1.37B | 50x | as long as short |
| Bulk ZEC-USD | +0.0054% | 1h | 1,460.6 | −0.492% | $899K | $25K | 10x | as long as short |
| Gate ZEC_USDT | +0.0060% | 8h | 1,468.8 | +0.067% | $49.9M | $184.1M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,468.2 | +0.030% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,459.6 | −0.557% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,468 | +0.016% | $14K | $864K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,469.1 | +0.091% | $19.0M | $52.4M | 20x | as long as short |
| Popdex ZECUSDTlong | +0.0096% | 1h | 1,467.8 | long leg | $174K | $1.9M | 50x | |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468 | +0.011% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,468.6 | +0.057% | $2.5M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.6 | +0.055% | $760.8M | $490.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.2 | +0.026% | $15.4M | $33.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,468.5 | +0.047% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468.8 | +0.069% | $676.1M | $2.52B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,468.2 | +0.030% | $223.5M | $854.5M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,468.5 | +0.045% | $103.3M | $56.5M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.4 | +0.042% | $162.9M | $308.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,468.6 | +0.054% | — | $103.9M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,459.8 | −0.541% | $509K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,458.9 | −0.605% | $3.0M | $492K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,466.9 | −0.061% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,467.6 | −0.013% | $345K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,467.7 | −0.008% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466.3 | −0.101% | $448K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,470.1 | +0.157% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468 | +0.016% | $223K | $4.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,468 | +0.011% | $2.4M | $23.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,468.5 | +0.048% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,468.9 | +0.075% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,467.9 | +0.009% | $37K | $367K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,468.4 | +0.045% | $844K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0226% | 1h | 1,468.5 | +0.045% | $2.3M | $4.0M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,470.5 | +0.187% | $3.7M | $11.7M | 50x | as long as short |
| Lighter RH ZECshort | +0.0432% | 1h | 1,469.8 | +0.134% | $2.0M | $8.2M | 10x | |
| Arcus ZEC-USD | +0.0444% | 1h | 1,469.1 | +0.090% | $730K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0525% | 1h | 1,465.2 | −0.174% | $41K | $34K | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
Deribit ZEC_USDC-PERPETUAL
ApeX Omni ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
Gate ZEC_USDT
01 Exchange ZECUSD
Phoenix ZEC
Katana Perps ZEC-USD
Lighter ZEC
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
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
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD