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 +0.006%

Price spread now: Kalshi against Bybit+0.065%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Bybit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.065%, 7d avg +0.036%

Together, before fees−0.112%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.029% dearer against Bybit than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.036%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.085% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZECUSDT	1,454.1	0.0100	pay 0.0100% / 8h	3h 54m	$261.0M	$601.4M	75x
Short	Kalshi KXZECPERP	1,455.1	0	get 0.0000% / 8h	7h 54m	$1.5M	$4.5M	2.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bybit. 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 BybitbpFee KalshibpOrdersPrice spread, now +0.065%Rate

Funding earned: −$21
Price spread: +0.065% → +0.036%: $2.87
Slippage, 4 orders: −$15.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$54.15
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Kalshi: live order book, 4 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 Bybit live order book, 5 min ago	0.03 bp	5.8 bp −$6	8.4 bp −$84	18.8 bp −$1,879	doesn't fit
Sell Kalshi live order book, 4 min ago	6.59 bp	11.6 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	−0.3042%	1h	1,456	+0.129%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,455	+0.060%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,456.4	+0.154%	$29.6M	$70.8M	75x	as long as short
ApeX Omni ZECUSDT	−0.0032%	1h	1,454.7	+0.037%	$404K	$942K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,455.7	+0.107%	$410K	$37K	5x	as long as short
Kalshi KXZECPERPshort	0.0000%	8h	1,455.1	+0.065%	$1.5M	$4.5M	2.2x
Perpl ZEC	0.0000%	43m	1,454.3	+0.011%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,455.4	+0.087%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0064%	8h	1,455.2	+0.073%	$291K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0072% / S −0.0024%	1h	1,455.3	+0.080%	$408K	—	100x	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	1,454.3	+0.014%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,455	+0.063%	$10K	$858K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,454.9	+0.055%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,455.2	+0.073%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,454.8	+0.048%	$14.7M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,455.1	+0.066%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,454.6	+0.031%	$668.0M	$2.20B	75x	as long as short
Bybit ZECUSDTlong	+0.0100%	8h	1,454.1	long leg	$261.0M	$601.4M	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,454.6	+0.034%	$177.8M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,454.1	−0.002%	$395K	$441K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454	−0.008%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,454.6	+0.032%	$50.5M	$170.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,454.6	+0.030%	$214.9M	$764.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,455	+0.057%	$102.6M	$53.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,454.7	+0.039%	$165.4M	$270.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,455	+0.063%	—	$105.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454	−0.008%	$47.7M	$32.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,454.8	+0.046%	$566K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,455.1	+0.068%	$3.0M	$451K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,454.8	+0.047%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,454.4	+0.019%	$353K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,454.5	+0.024%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,454.1	0.000%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.8	+0.180%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,455.7	+0.106%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,454.2	+0.006%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.5	+0.164%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,454.8	+0.044%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,455.2	+0.071%	$47K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,454.8	+0.046%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0123%	1h	1,457.7	+0.243%	$4.6M	$1.3M	10x	as long as short
Hyperliquid ZEC	+0.0144%	1h	1,455.9	+0.122%	$757.3M	$428.4M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0157%	1h	1,456.7	+0.175%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0160%	1h	1,455.9	+0.124%	$19.2M	$44.7M	20x	as long as short
Lighter RH ZEC	+0.0160%	1h	1,456.3	+0.146%	$2.1M	$7.0M	10x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,454.8	+0.049%	$921K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0312%	1h	1,456.1	+0.136%	$614K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,455.8	+0.114%	$18.0M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,457	+0.196%	$684K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,457.1	+0.204%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0675%	1h	1,456.3	+0.146%	$45K	$49K	10x	as long as short