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

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

Long on Orderly Short on Kalshi

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Kalshi is 0.136% cheaper against Orderly than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.010%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.182%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZEC_USDC	1,456.9	0.0043	pay 0.0043% / 8h	5h 31m	$291K	$979K	20x
Short	Kalshi KXZECPERP	1,455	0	get 0.0000% / 8h	1h 31m	$1.4M	$5.1M	2.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee KalshibpOrdersPrice spread, now −0.126%Rate

Funding earned: −$8.99
Price spread: −0.126% → +0.010%: −$13.58
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$38.57
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 2 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 2 min ago	5.98 bp	11.0 bp −$11	17.4 bp −$174	doesn't fit	doesn't fit

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	−1.229%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0081%	8h	1,456.9	0.000%	$29.3M	$71.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,453.5	−0.233%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,452.7	−0.284%	$409K	$44K	5x	as long as short
Kalshi KXZECPERPshort	0.0000%	8h	1,455	−0.126%	$1.4M	$5.1M	2.2x
Perpl ZEC	0.0000%	43m	1,454.3	−0.176%	$83K	$248K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,454.9	−0.137%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDClong	+0.0043%	8h	1,456.9	long leg	$291K	$979K	20x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,454.7	−0.149%	$408K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,453.2	−0.249%	$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	−0.180%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,453.2	−0.248%	$14K	$853K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,454.2	−0.181%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,453.3	−0.244%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,455.2	−0.111%	$756.2M	$434.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,454.5	−0.161%	$14.4M	$28.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453.9	−0.204%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,456.9	+0.006%	$667.3M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.5	−0.027%	$266.5M	$611.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.9	+0.005%	$179.3M	$1.24B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,452.4	−0.305%	$396K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,451.2	−0.386%	$879K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,455.5	−0.095%	$49.6M	$173.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457	+0.010%	$214.1M	$775.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,456.7	−0.008%	$102.4M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456.9	+0.005%	$162.0M	$278.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,454.9	−0.137%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,453	−0.264%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,448.7	−0.559%	$46.8M	$32.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.2	−0.253%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,453.1	−0.260%	$3.0M	$419K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.9	−0.270%	$408K	$905K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,453.7	−0.213%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,455.2	−0.113%	$325K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,454.9	−0.136%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.6	−0.086%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,456.9	+0.002%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457	+0.009%	$241K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456.2	−0.046%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.9	+0.005%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.6	−0.014%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.7	−0.013%	$47K	$156K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,454.4	−0.165%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,457	+0.010%	$18.0M	$44.7M	25x	as long as short
Lighter ZEC	+0.0208%	1h	1,458.3	+0.100%	$19.1M	$46.5M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,455.8	−0.074%	$717K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0360%	1h	1,458.4	+0.108%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,454.7	−0.151%	$830K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,459	+0.150%	$3.7M	$9.1M	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0594%	1h	1,458	+0.081%	$613K	$1.3M	25x	as long as short
Aftermath Perps ZECUSD	+0.0703%	1h	1,454.2	−0.182%	$43K	$46K	10x	as long as short