Funding you earn now, next payment 00:00 UTC+0.0472%/8h= +51.7% APRpaid last 24h +0.050%
Price spread now: Lighter RH against Kalshi+0.210%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Funding, last 7 days+0.224%+$22 on $10k
+Price spread, last 7 days−0.347%−$35 · spread now +0.210%, 7d avg +0.032%
=Together, before fees−0.123%+ Points / potential airdropLighter RH: Points live · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Lighter RH is 0.177% dearer against Kalshi than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.032%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.224% in total (about 11.7% 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 | Kalshi KXZECPERP | 1,473 | 0 | get 0.0000% / 8h | 4h 20m | $960K | $5.6M | 2.2x |
| Short | Lighter RH ZEC | 1,476.1 | 0.0472 | get 0.0059% / 1h | 20m 58s | $2.0M | $8.4M | 10x |
Kalshi KXZECPERP
Lighter RH ZECFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Kalshi. 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
- $99.12
- Price spread: +0.210% → +0.032%
- $17.73
- Slippage, 4 orders
- −$18.37
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $88.48
- Costs to cover
- 0.284%
- Break-even
- 0.8 days
Slippage from Kalshi: 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 Kalshi live order book, 3 min ago | 5.75 bp | 11.7 bp −$12 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.77 bp | 3.1 bp −$3 | 5.4 bp −$54 | 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 | −0.3089% | 1h | 1,452.2 | −1.411% | $33K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0256% | 1h | 1,470.4 | −0.175% | $399K | $522K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,473.8 | +0.058% | $17.9M | $44.4M | 25x | as long as short |
| Bybit ZECUSDT | −0.0115% | 8h | 1,474.1 | +0.077% | $275.2M | $652.9M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0107% | 8h | 1,473.7 | +0.050% | $29.7M | $75.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.2 | −0.186% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0061% | 8h | 1,472.2 | −0.051% | $47.2M | $34.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.8 | −0.012% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERPlong | 0.0000% | 8h | 1,473 | long leg | $960K | $5.6M | 2.2x | |
| Perpl ZEC | 0.0000% | 43m | 1,472.2 | −0.054% | $84K | $407K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZECUSDT | 0.0000% | 1h | 1,469.2 | −0.254% | $431K | $843K | 50x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,473.2 | +0.017% | $5.2M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0008% | 1h | 1,472.5 | −0.030% | $8K | $8K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0014% | 8h | 1,473.1 | +0.009% | $295K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,471.2 | −0.121% | $4.6M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0041% | 8h | 1,474.7 | +0.115% | $181.1M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0049% | 8h | 1,474.6 | +0.108% | $51.3M | $187.3M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,473.2 | +0.016% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,475.8 | +0.189% | $19.2M | $52.5M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.7 | −0.022% | $175K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.3 | −0.115% | $13K | $834K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.3 | −0.049% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,473.2 | +0.013% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,474.9 | +0.130% | $764.3M | $472.4M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,474.2 | +0.085% | $15.0M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,473 | 0.000% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,474.5 | +0.106% | $684.2M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.3 | +0.021% | $702K | $8.4M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,469.8 | −0.219% | $894K | $39K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,474.6 | +0.111% | $223.2M | $841.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,474.7 | +0.115% | $103.8M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,474.7 | +0.113% | $163.7M | $301.1M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,473.6 | +0.042% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,468 | −0.340% | $511K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470 | −0.201% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,469 | −0.267% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.7 | −0.019% | $337K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.7 | −0.016% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,471.5 | −0.100% | $459K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,475.1 | +0.144% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,473.5 | +0.033% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,473 | +0.001% | $2.5M | $22.8M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.9 | +0.061% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,475 | +0.134% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.7 | −0.019% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,473.1 | +0.007% | $826K | $1.2M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0154% | 1h | 1,474.1 | +0.074% | $615K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0418% | 1h | 1,475.2 | +0.153% | $2.5M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,475.7 | +0.185% | $3.8M | $10.6M | 50x | as long as short |
| Lighter RH ZECshort | +0.0472% | 1h | 1,476.1 | +0.210% | $2.0M | $8.4M | 10x | |
| Aftermath Perps ZECUSD | +0.0740% | 1h | 1,472 | −0.068% | $46K | $47K | 10x | as long as short |
ApeX Omni ZECUSDT
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Orderly PERP_ZEC_USDC
Phoenix ZEC
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-USDC
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
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD