ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against Kalshi−0.187%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Kalshi Short on Bybit

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+0.126%+$13 · spread now −0.187%, 7d avg −0.038%

Together, before fees+0.211%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.149% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.187% now, against its 7-day average of −0.038%). If the spread goes back, that is −$15 on $10k: about 5.0 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.085% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXZECPERP	1,475.3	0	get 0.0000% / 8h	2h 24m	$976K	$5.0M	2.2x
Short	Bybit ZECUSDT	1,472.6	0.0100	get 0.0100% / 8h	6h 24m	$271.5M	$617.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Kalshi. 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 KalshibpFee BybitbpOrdersPrice spread, now −0.187%Rate

Funding earned: $21
Price spread: −0.187% → −0.038%: −$14.9
Slippage, 4 orders: −$11.64
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.53
Costs to cover: 0.326%
Break-even: 15.8 days

Slippage from Kalshi: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago	5.31 bp	10.3 bp −$10	16.0 bp −$160	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.03 bp	5.5 bp −$6	6.4 bp −$64	18.2 bp −$1,819	doesn't fit

ZEC on 50 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	−0.3678%	1h	1,459.3	−1.086%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.4	−0.131%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0029%	1h	1,474.1	−0.082%	$400K	$518K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,474.9	−0.029%	$18.1M	$43.7M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.2	−0.140%	$415K	$54K	5x	as long as short
Kalshi KXZECPERPlong	0.0000%	8h	1,475.3	long leg	$976K	$5.0M	2.2x
Perpl ZEC	0.0000%	43m	1,473	−0.160%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,473.8	−0.101%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0028%	8h	1,473.8	−0.103%	$294K	$1.0M	20x	as long as short
Variational Omni ZEC	+0.0048%	8h	1,474.4	−0.060%	$48.1M	$32.8M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,473.6	−0.114%	$385K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,473.5	−0.123%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,476.1	+0.054%	$4.7M	$1.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,473	−0.159%	$173K	$1.8M	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0097%	8h	1,472.8	−0.171%	$181.4M	$1.27B	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,472.7	−0.180%	$14K	$842K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.5	−0.123%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.9	−0.098%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,474.3	−0.070%	$767.4M	$442.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.7	−0.178%	$14.8M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.4	−0.129%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,473.1	−0.151%	$680.8M	$2.32B	75x	as long as short
Bybit ZECUSDTshort	+0.0100%	8h	1,472.6	−0.187%	$271.5M	$617.5M	75x
Bulk ZEC-USD	+0.0100%	1h	1,476.6	+0.086%	$896K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,473	−0.157%	$50.3M	$175.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,473.3	−0.136%	$216.2M	$800.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.4	−0.133%	$103.6M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,473.1	−0.151%	$163.7M	$283.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,473.5	−0.124%	—	$100.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475.3	+0.001%	$575K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,475	−0.018%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474	−0.087%	$429K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,473.2	−0.146%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.9	−0.163%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.8	−0.101%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.3	−0.206%	$458K	$511K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.2	+0.059%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,474.2	−0.075%	$243K	$3.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,472.7	−0.179%	$2.5M	$18.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.2	−0.074%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.8	−0.169%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,473.6	−0.113%	$48K	$162K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0151%	1h	1,474.3	−0.071%	$613K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,474.6	−0.049%	$688K	$8.6M	10x	as long as short
Lighter ZEC	+0.0272%	1h	1,474.7	−0.042%	$19.3M	$48.2M	20x	as long as short
Lighter RH ZEC	+0.0280%	1h	1,475.1	−0.013%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,473.8	−0.105%	$865K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,475.5	+0.013%	$3.6M	$9.4M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0493%	1h	1,475.2	−0.005%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0735%	1h	1,474.9	−0.031%	$44K	$46K	10x	as long as short