Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.006%
Price spread now: Kalshi against Bybit+0.036%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$400.401% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 7 days−0.002%$0 · spread now +0.036%, 7d avg +0.037%
=The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZECUSDT | 1,503.4 | 0.0100 | pay 0.0100% / 8h | 5h 01m | $275.3M | $577.1M | 75x |
| Short | Kalshi KXZECPERP | 1,504 | 0 | get 0.0000% / 8h | 1h 01m | $1.5M | $4.9M | 2.2x |
Bybit ZECUSDT
Kalshi KXZECPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Bybit. 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: +0.036% → +0.037%
- −$0.11
- Slippage, 4 orders
- −$19.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$61.21
- Costs to cover
- 0.401%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; Kalshi: 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 Bybit live order book, 6 min ago | 0.03 bp | 6.6 bp −$7 | 9.0 bp −$90 | 18.7 bp −$1,869 | doesn't fit |
| Sell Kalshi live order book, 5 min ago | 8.12 bp | 13.1 bp −$13 | 18.1 bp −$181 | doesn't fit | doesn't fit |
ZEC on 51 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 | 1,490.9 | −0.831% | $36K | $267K | 12x | as long as short |
| Aftermath Perps ZECUSD | −0.0282% | 1h | 1,503.8 | +0.025% | $49K | $74K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0200% | 8h | 1,503.2 | −0.016% | $31.9M | $72.2M | 75x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0115% | 1h | 1,502.4 | −0.069% | $408K | $497K | 5x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,502.4 | −0.068% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,502.9 | −0.033% | $414K | $37K | 5x | as long as short |
| Kalshi KXZECPERPshort | 0.0000% | 8h | 1,504 | +0.036% | $1.5M | $4.9M | 2.2x | |
| Perpl ZEC | 0.0000% | 43m | 1,502.5 | −0.061% | $63K | $297K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,503.9 | +0.028% | $5.3M | — | 150x | as long as short |
| ApeX Omni ZECUSDT | +0.0017% | 1h | 1,503.3 | −0.011% | $412K | $952K | 50x | as long as short |
Injective ZEC/USDC PERP
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Ondo Perps ZEC-USD.P
Hotstuff ZEC-PERP
dYdX ZEC-USD
Perpl ZEC
gTrade (Gains Network) ZEC/USD
ApeX Omni ZECUSDTShow all 51 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,503.9 | +0.029% | $8K | $6K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0032% | 1h | 1,503.4 | −0.005% | $909K | $1.3M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0060% | 8h | 1,503.2 | −0.015% | $303K | $715K | 20x | as long as short |
| Phoenix ZEC | +0.0060% | 1h | 1,503.5 | +0.003% | $4.8M | $1.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0086% | 8h | 1,503.4 | −0.001% | $14.4M | $25.8M | 75x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,503.3 | −0.006% | $19.9M | $39.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,503.8 | +0.026% | $2.1M | $7.2M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,503.7 | +0.017% | $170K | $1.3M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0099% | 8h | 1,503.1 | −0.021% | $27K | $859K | 10x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0099% | 1h | 1,504 | +0.038% | $18.6M | $45.3M | 25x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,502.7 | −0.051% | $62K | $14K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,503.5 | +0.005% | $3.1M | $6.9M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,503.7 | +0.018% | $793.6M | $421.2M | 10x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,502.7 | −0.048% | $1.6M | $2.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,503.7 | +0.017% | $704.4M | $2.12B | 75x | as long as short |
| Bybit ZECUSDTlong | +0.0100% | 8h | 1,503.4 | long leg | $275.3M | $577.1M | 75x | |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,503.6 | +0.008% | $186.9M | $1.26B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,503.8 | +0.026% | $595K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,502.7 | −0.046% | $778K | $182K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,503.1 | −0.021% | $64.5M | $175.8M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,502.6 | −0.053% | $180.2M | $846.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,502.8 | −0.041% | $105.8M | $51.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,503 | −0.031% | $164.2M | $269.9M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,502.2 | −0.084% | — | $6.6M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,504 | +0.041% | $2.2M | $3.6M | 15x | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,501.5 | −0.127% | $49.6M | $33.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,502.6 | −0.057% | $549K | $8.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,502.7 | −0.048% | $3.1M | $635K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,502.2 | −0.082% | $112K | $4.5M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,503.7 | +0.018% | $367K | $1.4M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,504.2 | +0.050% | $169K | $189K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,503.9 | +0.034% | $393K | $492K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,506.4 | +0.200% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,503.5 | +0.005% | $257K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,502.5 | −0.059% | $2.7M | $20.0M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,503.5 | +0.007% | $4.0M | $4.7M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,503 | −0.031% | $2.7M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,503.3 | −0.011% | $37K | $163K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0156% | 1h | 1,504.2 | +0.054% | $694K | $1.3M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0220% | 1h | 1,503.4 | −0.004% | $349K | — | 100x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0352% | 1h | 1,506.1 | +0.178% | $3.9M | $9.2M | 50x | as long as short |
01 Exchange ZECUSD
RISEx ZEC/USDC
Orderly PERP_ZEC_USDC
Phoenix ZEC
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
OKX ZEC-USDT-SWAP
Arcus ZEC-USD
Bulk ZEC-USD
Gate ZEC_USDT
MEXC 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
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
GMX ZEC/USD [WBTC.b-USDC]
Coinbase International ZEC-PERP-INTX