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 +0.017%

Price spread now: Gate against Kalshi−0.084%48s7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.501% of the position

Long on Kalshi Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 7 days+0.156%+$16 · spread now −0.084%, 7d avg −0.033%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.051% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.033%). If the spread goes back, that is −$5 on $10k: about 41 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXZECPERP	1,504.1	0	get 0.0000% / 8h	6h 19m	$1.7M	$4.5M	2.2x
Short	Gate ZEC_USDT	1,502.9	0.0100	get 0.0100% / 8h	2h 19m	$54.5M	$176.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.084%Rate

Funding earned: $21
Price spread: −0.084% → −0.033%: −$5.12
Slippage, 4 orders: −$25.07
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.19
Costs to cover: 0.501%
Break-even: 18.4 days

Slippage from Kalshi: live order book, 4 min ago; Gate: 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	8.27 bp	13.3 bp −$13	18.5 bp −$185	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.27 bp	12.1 bp −$12	17.1 bp −$171	30.4 bp −$3,043	57.3 bp −$28.7K

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	1,478	−1.740%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0108%	8h	1,493.9	−0.683%	$30.3M	$72.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,510.3	+0.408%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,506.8	+0.178%	$419K	$36K	5x	as long as short
Kalshi KXZECPERPlong	0.0000%	8h	1,504.1	long leg	$1.7M	$4.5M	2.2x
Perpl ZEC	0.0000%	43m	1,502.5	−0.106%	$86K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,502.6	−0.100%	$713K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,502.3	−0.124%	$5.3M	—	150x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,506	+0.127%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0065%	8h	1,502.3	−0.124%	$303K	$898K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,496	−0.542%	$4.8M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,504.8	+0.043%	$140K	$1.7M	50x	as long as short
Bybit ZECUSDT	+0.0098%	8h	1,502.4	−0.118%	$272.3M	$608.5M	75x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,507.3	+0.211%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.2	+0.003%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,504.7	+0.038%	$786.7M	$430.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,503.3	−0.053%	$14.8M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,507.3	+0.214%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,502.4	−0.116%	$697.3M	$2.21B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,502.3	−0.124%	$181.4M	$1.27B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,502.6	−0.102%	$403K	$488K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,479.3	−1.652%	$894K	$15K	10x	as long as short
Gate ZEC_USDTshort	+0.0100%	8h	1,502.9	−0.084%	$54.5M	$176.3M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,503.3	−0.058%	$228.6M	$771.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,503.9	−0.018%	$105.8M	$54.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,502.6	−0.104%	$168.8M	$273.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,503.1	−0.068%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494.7	−0.629%	$48.9M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,492.9	−0.744%	$562K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,481.5	−1.507%	$3.0M	$462K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,481.5	−1.506%	$410K	$927K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,506.5	+0.156%	$53K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,504.2	+0.005%	$371K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,502.7	−0.092%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,501.3	−0.190%	$458K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,504.4	+0.016%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,502.3	−0.120%	$248K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,509.1	+0.329%	$2.6M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,510.5	+0.424%	$4.0M	$4.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,505.8	+0.112%	$13K	$847K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0102% / S −0.0073%	1h	1,502.4	−0.113%	$402K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,502.2	−0.128%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,502.3	−0.121%	$46K	$153K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,508.1	+0.261%	$2.2M	$7.2M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0143%	1h	1,502.2	−0.131%	$18.3M	$45.9M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,505.4	+0.083%	$947K	$1.1M	10x	as long as short
Lighter ZEC	+0.0200%	1h	1,508.5	+0.288%	$19.8M	$44.6M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0443%	1h	1,512.2	+0.535%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,504.8	+0.043%	$3.7M	$9.8M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,505.6	+0.100%	$622K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0687%	1h	1,487.9	−1.081%	$50K	$60K	10x	as long as short