ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.020%

Price spread now: Kalshi against Binance+0.248%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Binance Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 7 days−0.316%−$32 · spread now +0.248%, 7d avg +0.031%

Together, before fees−0.242%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.217% dearer against Binance than usual: you sell high and buy low (spread +0.248% now, against its 7-day average of +0.031%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,514.9	0.0100	pay 0.0100% / 8h	2h 15m	$702.8M	$2.24B	75x
Short	Kalshi KXZECPERP	1,518.7	0	get 0.0000% / 8h	6h 15m	$1.7M	$4.6M	2.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Binance. 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 BinancebpFee KalshibpOrdersPrice spread, now +0.248%Rate

Funding earned: −$21
Price spread: +0.248% → +0.031%: $21.7
Slippage, 4 orders: −$16.28
Fee Binance: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$35.58
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Kalshi: 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 Binance live order book, 13 min ago	0.03 bp	5.1 bp −$5	7.1 bp −$71	18.5 bp −$1,848	doesn't fit
Sell Kalshi live order book, 3 min ago	8.09 bp	13.1 bp −$13	18.8 bp −$188	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	−0.3243%	1h	1,488.7	−1.733%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0149%	8h	1,515.1	+0.012%	$30.5M	$74.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,516.2	+0.085%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,516.2	+0.082%	$421K	$36K	5x	as long as short
Kalshi KXZECPERPshort	0.0000%	8h	1,518.7	+0.248%	$1.7M	$4.6M	2.2x
Perpl ZEC	0.0000%	43m	1,519.2	+0.283%	$87K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,519.4	+0.293%	$5.4M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0066%	8h	1,516.5	+0.107%	$303K	$923K	20x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,519.8	+0.324%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0092%	1h	1,507.5	−0.492%	$4.8M	$1.3M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,519.6	+0.307%	$145K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,519.5	+0.306%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,518.5	+0.237%	$794.1M	$434.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,515.1	+0.014%	$14.7M	$29.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,517.5	+0.173%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,514.9	long leg	$702.8M	$2.24B	75x
Bybit ZECUSDT	+0.0100%	8h	1,514.4	−0.036%	$277.4M	$615.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,515.1	+0.014%	$182.3M	$1.30B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,502.6	−0.813%	$411K	$488K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−2.352%	$894K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,517.1	+0.144%	$54.7M	$178.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,515	+0.007%	$230.5M	$776.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,515	+0.005%	$104.4M	$54.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,515.3	+0.026%	$167.0M	$278.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,514.2	−0.047%	—	$114.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494.7	−1.336%	$48.9M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,492.9	−1.450%	$562K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.9	−0.593%	$3.1M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,502.9	−0.796%	$416K	$928K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,512.2	−0.177%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,519.7	+0.316%	$373K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,518.6	+0.243%	$167K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,516.6	+0.114%	$463K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,519.3	+0.290%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,517.6	+0.176%	$251K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,516.6	+0.110%	$2.6M	$19.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,516	+0.072%	$4.0M	$4.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,516.8	+0.126%	$63K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,520	+0.332%	$14K	$847K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0104% / S −0.0076%	1h	1,519.1	+0.275%	$406K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,514.8	−0.006%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,517.8	+0.190%	$46K	$153K	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0142%	1h	1,517.7	+0.187%	$18.5M	$46.0M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,519.2	+0.285%	$950K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0176%	1h	1,517.9	+0.195%	$2.1M	$7.3M	10x	as long as short
Lighter ZEC	+0.0224%	1h	1,517.2	+0.149%	$19.8M	$45.2M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0339%	1h	1,518.5	+0.237%	$721K	$1.4M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0464%	1h	1,518.7	+0.248%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,519.8	+0.325%	$3.7M	$9.9M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,518.7	+0.248%	$610K	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0589%	1h	1,498.5	−1.086%	$51K	$60K	10x	as long as short