Funding you earn now, next payment 21:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.26 per $10,000 · paid last 24h +0.042%
Price spread now: Lighter against SoDEX+0.152%7-day average +0.058% · 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−$4as in the Price arb table
costs, in and out, $10k−$130.133% of the position
Funding, last 3 days (all we have)+0.188%+$19 on $10k
+Price spread, last 3 days (all we have)−1.456%−$146 · spread now +0.152%, 7d avg +0.058%
=Together, before fees−1.268%+ Points / potential airdropLighter: Season 3 · farm board−$127 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.094% dearer against SoDEX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ZEC-USD | 1,479.9 | 0.0100 | pay 0.0013% / 1h | 32m 11s | $225K | $4.8M | 10x |
| Short | Lighter ZEC | 1,482.1 | 0.0304 | get 0.0038% / 1h | 32m 11s | $19.6M | $54.1M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SoDEX. 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
- $42.84
- Price spread: +0.152% → +0.058%
- $9.39
- Slippage, 4 orders
- −$5.27
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $38.95
- Costs to cover
- 0.133%
- Break-even
- 0.6 days
Slippage from SoDEX: live order book, 2 min ago; Lighter: live order book, 7 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 SoDEX live order book, 2 min ago | 0.44 bp | 4.7 bp −$5 | 11.4 bp −$114 | 96.3 bp −$9,625 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 1.06 bp | 1.9 bp −$2 | 2.9 bp −$29 | 9.2 bp −$919 | 64.0 bp −$32.0K |
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 | −0.3181% | 1h | 1,476.9 | −0.201% | $34K | $159K | 12x | as long as short |
| ApeX Omni ZECUSDT | −0.0092% | 1h | 1,475.7 | −0.281% | $735K | $601K | 50x | as long as short |
| Variational Omni ZEC | −0.0090% | 8h | 1,479.3 | −0.037% | $47.8M | $30.5M | — | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,481.5 | +0.109% | $6K | $2K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0068% | 8h | 1,481.8 | +0.134% | $29.9M | $78.1M | 75x | as long as short |
| Bybit ZECUSDT | −0.0064% | 8h | 1,479.9 | +0.004% | $277.7M | $691.5M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0052% | 1h | 1,479.9 | +0.007% | $18.1M | $44.9M | 25x | as long as short |
| Orderly PERP_ZEC_USDC | −0.0006% | 8h | 1,481.5 | +0.109% | $288K | $1.5M | 20x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,481.2 | +0.091% | $417K | $107K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,481.2 | +0.089% | $990K | $5.4M | 2.2x | as long as short |
Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,479.6 | −0.016% | $84K | $416K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,480.3 | +0.031% | $5.2M | — | 150x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0015% | 8h | 1,480.3 | +0.028% | $178.0M | $1.41B | 50x | as long as short |
| Aster ZECUSDT | +0.0039% | 8h | 1,480.4 | +0.039% | $15.3M | $34.7M | 75x | as long as short |
| Phoenix ZEC | +0.0045% | 1h | 1,479.2 | −0.042% | $4.7M | $1.5M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0059% / S +0.0051% | 1h | 1,480.1 | +0.018% | $580K | — | 100x | as long as short |
| MEXC ZEC_USDT | +0.0066% | 8h | 1,480 | +0.010% | $233.5M | $928.3M | 150x | as long as short |
| Binance ZECUSDT | +0.0069% | 8h | 1,480.5 | +0.043% | $678.7M | $2.57B | 75x | as long as short |
| Gate ZEC_USDT | +0.0069% | 8h | 1,480.2 | +0.026% | $51.2M | $184.9M | 75x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,482.4 | +0.172% | $9K | $7K | 5x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0083% | 1h | 1,476.3 | −0.240% | $400K | $538K | 5x | as long as short |
| Katana Perps ZEC-USD | +0.0093% | 8h | 1,482.4 | +0.172% | $12K | $886K | 10x | as long as short |
| Polymarket Perps ZEC-USD | +0.0095% | 1h | 1,480.1 | +0.017% | $308K | $2.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,481.3 | +0.101% | $174K | $2.0M | 50x | as long as short |
| Aevo ZEC-PERP | +0.0096% | 1h | 1,481.2 | +0.088% | $37K | $362K | 20x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,480.7 | +0.055% | $61K | $37K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,481.2 | +0.092% | $3.1M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,481.3 | +0.098% | $772.8M | $509.8M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,481.8 | +0.133% | $1.7M | $3.2M | 10x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,480.4 | +0.039% | $104.5M | $58.6M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,480.8 | +0.064% | $172.8M | $317.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,480.3 | +0.031% | — | $113.2M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,482.8 | +0.197% | $2.4M | $3.9M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,476.5 | −0.227% | $495K | $10.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,478.1 | −0.121% | $3.0M | $514K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,478.8 | −0.073% | $111K | $4.8M | 30x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,480 | +0.007% | $130K | $161K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,479.7 | −0.011% | $450K | $493K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,485.1 | +0.355% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USDlong | +0.0100% | 1h | 1,479.9 | long leg | $225K | $4.8M | 10x | |
| HTX ZEC-USDT | +0.0100% | 8h | 1,480.3 | +0.030% | $2.4M | $26.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,481 | +0.077% | $3.8M | $5.8M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,481.7 | +0.125% | $914K | $30K | 10x | as long as short |
| RISEx ZEC/USDC | +0.0138% | 1h | 1,481.6 | +0.119% | $873K | $2.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0184% | 1h | 1,481.8 | +0.130% | $1.6M | $7.5M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0302% | 1h | 1,482.2 | +0.159% | $591K | $1.4M | 25x | as long as short |
| Lighter ZECshort | +0.0304% | 1h | 1,482.1 | +0.152% | $19.6M | $54.1M | 20x | |
| Coinbase International ZEC-PERP-INTX | +0.0416% | 1h | 1,482.4 | +0.175% | $3.8M | $11.9M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0495% | 1h | 1,477.5 | −0.159% | $39K | $32K | 10x | as long as short |
| Arcus ZEC-USD | +0.0538% | 1h | 1,482.6 | +0.184% | $711K | $7.5M | 10x | as long as short |
| Extended ZEC-USD | +0.0624% | 1h | 1,481.2 | +0.091% | $3.9M | $5.2M | 10x | as long as short |
SoDEX ZEC-USD
Lighter ZEC
Injective ZEC/USDC PERP
ApeX Omni ZECUSDT
Variational Omni ZEC
BloFin ZEC-USDT
Bybit ZECUSDT
Kraken Futures PF_ZECUSD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
OKX ZEC-USDT-SWAP
Aster ZECUSDT
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
MEXC ZEC_USDT
Binance ZECUSDT
Gate ZEC_USDT
01 Exchange ZECUSD
Katana Perps ZEC-USD
Polymarket Perps ZEC-USD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Hyperliquid ZEC
Pacifica ZEC
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
RISEx ZEC/USDC
Lighter RH ZEC
Deribit ZEC_USDC-PERPETUAL
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD
Extended ZEC-USD