ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h +0.006%

Price spread now: Orderly against Kalshi+0.126%7-day average −0.010% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 4 days (all we have)+1.236%+$124 · spread now +0.126%, 7d avg −0.010%

Together, before fees+1.054%+$105 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.136% dearer against Kalshi than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.182%, 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	1,455	0	get 0.0000% / 8h	1h 31m	$1.4M	$5.1M	2.2x
Short	Orderly PERP_ZEC_USDC	1,456.9	0.0043	get 0.0043% / 8h	5h 31m	$291K	$979K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.126%Rate

Funding earned: $8.99
Price spread: +0.126% → −0.010%: $13.59
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.59
Costs to cover: 0.160%
Break-even: 1.9 days

Slippage unknown: Kalshi: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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, 2 min ago	5.98 bp	11.0 bp −$11	15.1 bp −$151	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3244%	1h	1,438.9	−1.105%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0081%	8h	1,456.9	+0.126%	$29.3M	$71.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,453.5	−0.107%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,452.7	−0.159%	$409K	$44K	5x	as long as short
Kalshi KXZECPERPlong	0.0000%	8h	1,455	long leg	$1.4M	$5.1M	2.2x
Perpl ZEC	0.0000%	43m	1,454.3	−0.051%	$83K	$248K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,454.9	−0.011%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDCshort	+0.0043%	8h	1,456.9	+0.126%	$291K	$979K	20x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,454.7	−0.024%	$408K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,453.2	−0.124%	$4.6M	$1.4M	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	1,454.2	−0.054%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,453.2	−0.123%	$14K	$853K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,454.2	−0.055%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453.3	−0.119%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.3	+0.225%	$759.5M	$436.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.6	+0.112%	$14.4M	$28.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453.9	−0.078%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457	+0.136%	$667.4M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.5	+0.101%	$266.5M	$611.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,458.8	+0.261%	$179.3M	$1.25B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,452.4	−0.180%	$396K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,451.2	−0.261%	$879K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,456.9	+0.130%	$49.6M	$173.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457	+0.135%	$214.1M	$775.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,456.7	+0.118%	$102.4M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,458.9	+0.267%	$162.2M	$278.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,456.6	+0.109%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,457.5	+0.170%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454.2	−0.055%	$47.0M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.2	−0.127%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,453.1	−0.135%	$3.0M	$419K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.9	−0.145%	$408K	$905K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,453.7	−0.088%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,455.2	+0.012%	$325K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,454.9	−0.010%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.6	+0.039%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.9	+0.128%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457	+0.135%	$241K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456.2	+0.080%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.9	+0.131%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.6	+0.111%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.7	+0.113%	$47K	$156K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,454.4	−0.040%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,457	+0.136%	$18.0M	$44.7M	25x	as long as short
Lighter ZEC	+0.0208%	1h	1,458.3	+0.226%	$19.1M	$46.5M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,455.8	+0.052%	$717K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0360%	1h	1,458.4	+0.234%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,454.7	−0.025%	$830K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,459	+0.276%	$3.7M	$9.1M	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0594%	1h	1,458	+0.207%	$613K	$1.3M	25x	as long as short
Aftermath Perps ZECUSD	+0.0703%	1h	1,454.2	−0.056%	$43K	$46K	10x	as long as short