Funding you earn now, next payment 04:00 UTC−0.0320%/8h= −35.0% APRpaid last 24h −0.050%
Price spread now: Kalshi against Lighter−0.052%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 7 days−0.374%−$37 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.052%, 7d avg −0.038%
=Together, before fees−0.362%+ Points / potential airdropLighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZEC | 1,452.1 | 0.0320 | pay 0.0040% / 1h | 42m 28s | $19.1M | $45.9M | 20x |
| Short | Kalshi KXZECPERP | 1,451.3 | 0 | get 0.0000% / 8h | 42m 28s | $1.5M | $4.4M | 2.2x |
Lighter ZEC
Kalshi KXZECPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Lighter. 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
- −$67.2
- Price spread: −0.052% → −0.038%
- −$1.43
- Slippage, 4 orders
- −$17.66
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$96.29
- Costs to cover
- 0.277%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 11 min ago; Kalshi: live order book, 1 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 live order book, 11 min ago | 0.89 bp | 1.7 bp −$2 | 3.0 bp −$30 | 12.4 bp −$1,240 | 74.9 bp −$37.5K |
| Sell Kalshi live order book, 1 min ago | 7.38 bp | 12.4 bp −$12 | 17.4 bp −$174 | 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 | −0.3166% | 1h | 1,451.5 | −0.042% | $33K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,450.5 | −0.106% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0069% | 8h | 1,450.3 | −0.123% | $29.2M | $70.6M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,449.9 | −0.152% | $408K | $40K | 5x | as long as short |
| Kalshi KXZECPERPshort | 0.0000% | 8h | 1,451.3 | −0.052% | $1.5M | $4.4M | 2.2x | |
| Perpl ZEC | 0.0000% | 43m | 1,449 | −0.212% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,448.9 | −0.219% | $5.1M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0059% | 8h | 1,449 | −0.209% | $290K | $958K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0065% / S −0.0016% | 1h | 1,450.2 | −0.132% | $408K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,449.4 | −0.185% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex ZECUSDT | +0.0096% | 1h | 1,449.3 | −0.188% | $173K | $1.7M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,449.1 | −0.203% | $11K | $875K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,450 | −0.143% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,450.1 | −0.132% | $2.5M | $6.3M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,450.3 | −0.121% | $754.3M | $434.9M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,449.8 | −0.157% | $14.4M | $27.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,450.9 | −0.083% | $1.6M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,449.2 | −0.201% | $665.1M | $2.22B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,448.8 | −0.225% | $260.6M | $602.9M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,449.3 | −0.191% | $176.9M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,448.7 | −0.232% | $394K | $444K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,450.7 | −0.094% | $875K | $29K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,449.3 | −0.190% | $49.8M | $173.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,449.3 | −0.190% | $215.2M | $769.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,449.4 | −0.183% | $102.0M | $54.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,449.6 | −0.169% | $164.6M | $274.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,450.5 | −0.110% | — | $6.7M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,450.9 | −0.081% | $2.4M | $3.9M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,447.3 | −0.325% | $47.4M | $32.8M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,447.5 | −0.316% | $563K | $8.7M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,450.6 | −0.103% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,449.9 | −0.150% | $403K | $921K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,450.9 | −0.080% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,449 | −0.211% | $365K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,449.2 | −0.200% | $159K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,449.3 | −0.190% | $442K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,453 | +0.067% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,450.6 | −0.103% | $232K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,449.5 | −0.174% | $2.6M | $18.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,450.5 | −0.109% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,449.2 | −0.198% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,450.1 | −0.135% | $47K | $151K | 20x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,451.4 | −0.046% | $4.6M | $1.3M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0237% | 1h | 1,451 | −0.073% | $609K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0278% | 1h | 1,450.6 | −0.101% | $18.0M | $44.9M | 25x | as long as short |
| Lighter ZEClong | +0.0320% | 1h | 1,452.1 | long leg | $19.1M | $45.9M | 20x | |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,449.5 | −0.179% | $919K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,452.9 | +0.056% | $3.8M | $9.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0464% | 1h | 1,452.4 | +0.026% | $2.0M | $6.9M | 10x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,449.3 | −0.192% | $737K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0672% | 1h | 1,449.8 | −0.154% | $44K | $49K | 10x | as long as short |
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
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
Phoenix ZEC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Arcus ZEC-USD
Aftermath Perps ZECUSD