Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.020%
Price spread now: MEXC against Kalshi−0.039%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now −0.039%, 7d avg −0.031%
=The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXZECPERP | 1,503.9 | 0 | get 0.0000% / 8h | 1h 27m | $1.5M | $4.9M | 2.2x |
| Short | MEXC ZEC_USDT | 1,503.3 | 0.0100 | get 0.0100% / 8h | 5h 27m | $180.9M | $836.4M | 150x |
Kalshi KXZECPERP
MEXC ZEC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Kalshi. 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
- $21
- Price spread: −0.039% → −0.031%
- −$0.81
- Slippage, 4 orders
- −$13.44
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$3.25
- Costs to cover
- 0.234%
- Break-even
- 8.1 days
Slippage from Kalshi: live order book, 4 min ago; MEXC: 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 Kalshi live order book, 4 min ago | 6.69 bp | 11.7 bp −$12 | 19.0 bp −$190 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.03 bp | 0.0 bp $0 | 0.1 bp −$1 | 13.5 bp −$1,351 | 72.3 bp −$36.1K |
ZEC on 50 exchanges
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 | −0.4130% | 1h | 1,489.4 | −0.962% | $36K | $267K | 12x | as long as short |
| Aftermath Perps ZECUSD | −0.0241% | 1h | 1,503.5 | −0.025% | $49K | $74K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0200% | 8h | 1,503.7 | −0.008% | $32.0M | $72.9M | 75x | as long as short |
| ApeX Omni ZECUSDT | −0.0169% | 1h | 1,501.7 | −0.142% | $411K | $951K | 50x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0152% | 1h | 1,503.3 | −0.037% | $409K | $497K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,503.1 | −0.049% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,502.6 | −0.082% | $414K | $37K | 5x | as long as short |
| Kalshi KXZECPERPlong | 0.0000% | 8h | 1,503.9 | long leg | $1.5M | $4.9M | 2.2x | |
| Perpl ZEC | 0.0000% | 43m | 1,502.5 | −0.088% | $63K | $300K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,502.7 | −0.075% | $685K | $1.3M | 25x | as long as short |
Injective ZEC/USDC PERP
Aftermath Perps ZECUSD
BloFin ZEC-USDT
ApeX Omni ZECUSDT
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
dYdX ZEC-USD
Perpl ZEC
Deribit ZEC_USDC-PERPETUALShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,502.2 | −0.113% | $5.3M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,504.7 | +0.059% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0032% | 1h | 1,503.6 | −0.015% | $909K | $1.3M | 10x | as long as short |
| Phoenix ZEC | +0.0060% | 1h | 1,502.4 | −0.094% | $4.8M | $1.3M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0064% | 8h | 1,501.5 | −0.158% | $303K | $717K | 20x | as long as short |
| Aster ZECUSDT | +0.0084% | 8h | 1,503.1 | −0.052% | $14.3M | $27.2M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,503.6 | −0.016% | $19.9M | $39.8M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,504.3 | +0.028% | $2.1M | $7.2M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,503.4 | −0.031% | $170K | $1.4M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,503.3 | −0.039% | $25K | $866K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0099% | 1h | 1,503.3 | −0.037% | $18.6M | $45.7M | 25x | as long as short |
| Paradex ZEC-USD-PERP | +0.0099% | 8h | 1,502.9 | −0.062% | $62K | $14K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,503.1 | −0.052% | $3.1M | $7.1M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,503.7 | −0.010% | $792.0M | $432.0M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,504 | +0.008% | $1.6M | $2.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,503.3 | −0.035% | $704.8M | $2.18B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,503 | −0.057% | $273.8M | $587.2M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,503.3 | −0.040% | $185.7M | $1.29B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,504 | +0.008% | $596K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,508.7 | +0.323% | $782K | $163K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,503.1 | −0.051% | $63.6M | $174.4M | 75x | as long as short |
| MEXC ZEC_USDTshort | +0.0100% | 8h | 1,503.3 | −0.039% | $180.9M | $836.4M | 150x | |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,503.2 | −0.041% | $105.8M | $52.2M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,503.2 | −0.045% | $164.3M | $277.3M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,502.2 | −0.107% | — | $6.6M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,503.2 | −0.041% | $2.2M | $3.7M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,501.2 | −0.178% | $49.5M | $33.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,501.9 | −0.130% | $549K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,501.6 | −0.150% | $3.1M | $616K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,503.5 | −0.023% | $112K | $4.5M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,502.3 | −0.103% | $369K | $1.5M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,502.6 | −0.083% | $167K | $188K | 20x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,504.8 | +0.060% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,502.6 | −0.083% | $257K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,503.1 | −0.049% | $2.6M | $20.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,503.2 | −0.045% | $4.0M | $4.8M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,503.1 | −0.053% | $2.7M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,501.9 | −0.129% | $37K | $163K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0193% / S −0.0209% | 1h | 1,504.1 | +0.017% | $349K | — | 100x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0352% | 1h | 1,505.5 | +0.108% | $3.9M | $9.4M | 50x | as long as short |
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
RISEx ZEC/USDC
Phoenix ZEC
Orderly PERP_ZEC_USDC
Aster ZECUSDT
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Kraken Futures PF_ZECUSD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Backpack ZEC_USDC_PERP
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
Coinbase International ZEC-PERP-INTX