Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Kalshi against HTX+0.157%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$440.435% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 3 days (all we have)−0.231%−$23 · spread now +0.157%, 7d avg +0.048%
=The price spread pays, funding is against you. Kalshi is 0.108% dearer against HTX than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of +0.048%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.199%, 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 | HTX ZEC-USDT | 1,472.2 | 0.0100 | pay 0.0100% / 8h | 6h 15m | $2.5M | $18.7M | 75x |
| Short | Kalshi KXZECPERP | 1,474.5 | 0 | get 0.0000% / 8h | 2h 15m | $975K | $4.9M | 2.2x |
HTX ZEC-USDT
Kalshi KXZECPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against HTX. 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: +0.157% → +0.048%
- $10.84
- Slippage, 4 orders
- −$21.52
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$53.68
- Costs to cover
- 0.435%
- Break-even
- never at this rate
Slippage from HTX: live order book, 4 min ago; Kalshi: live order book, 3 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 HTX live order book, 4 min ago | 2.55 bp | 8.6 bp −$9 | 13.0 bp −$130 | 36.1 bp −$3,610 | doesn't fit |
| Sell Kalshi live order book, 3 min ago | 7.29 bp | 12.3 bp −$12 | 17.9 bp −$179 | doesn't fit | doesn't fit |
ZEC on 50 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 | −0.3678% | 1h | 1,459.6 | −0.859% | $34K | $274K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,471 | −0.081% | $6K | $1K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0017% | 1h | 1,472.5 | +0.021% | $399K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0002% | 1h | 1,472.8 | +0.040% | $18.1M | $43.8M | 25x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,470.5 | −0.114% | $414K | $53K | 5x | as long as short |
| Kalshi KXZECPERPshort | 0.0000% | 8h | 1,474.5 | +0.157% | $975K | $4.9M | 2.2x | |
| Perpl ZEC | 0.0000% | 43m | 1,470.5 | −0.112% | $84K | $254K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.9 | −0.018% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0030% | 8h | 1,472 | −0.014% | $294K | $1.0M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0009% | 1h | 1,471.9 | −0.021% | $384K | — | 100x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Kraken Futures PF_ZECUSD
dYdX ZEC-USD
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]Show all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEC | +0.0062% | 8h | 1,470.6 | −0.107% | $48.0M | $32.7M | — | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,471 | −0.081% | $8K | $8K | 5x | as long as short |
| Phoenix ZEC | +0.0070% | 1h | 1,473.2 | +0.067% | $4.7M | $1.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.7 | −0.099% | $173K | $1.8M | 50x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0097% | 8h | 1,471.9 | −0.018% | $181.2M | $1.27B | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,470.6 | −0.110% | $9K | $843K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470.8 | −0.094% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,471.2 | −0.065% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.4 | +0.014% | $767.0M | $443.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.9 | −0.087% | $14.8M | $30.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,471.4 | −0.051% | $1.7M | $2.7M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.9 | −0.017% | $681.1M | $2.31B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,471.7 | −0.035% | $271.8M | $615.4M | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.040% | $894K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,471.8 | −0.030% | $50.1M | $176.4M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.2 | −0.068% | $215.6M | $801.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,471.4 | −0.053% | $103.4M | $56.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.2 | +0.001% | $163.5M | $282.0M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,471 | −0.083% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,473.6 | +0.096% | $574K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,474.3 | +0.140% | $3.0M | $453K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,474.1 | +0.129% | $429K | $895K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,472.1 | −0.005% | $71K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471 | −0.081% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.6 | −0.040% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.7 | −0.100% | $457K | $511K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473 | +0.052% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.3 | +0.010% | $243K | $3.6M | 10x | as long as short |
| HTX ZEC-USDTlong | +0.0100% | 8h | 1,472.2 | long leg | $2.5M | $18.7M | 75x | |
| Phemex ZECUSDT | +0.0100% | 8h | 1,471.6 | −0.039% | $3.9M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.1 | −0.006% | $3.2M | $7.1M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472 | −0.014% | $48K | $162K | 20x | as long as short |
| Lighter ZEC | +0.0240% | 1h | 1,472.5 | +0.020% | $19.2M | $48.2M | 20x | as long as short |
| Arcus ZEC-USD | +0.0254% | 1h | 1,472.4 | +0.014% | $695K | $8.6M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0256% | 1h | 1,472.9 | +0.048% | $613K | $1.3M | 25x | as long as short |
| Lighter RH ZEC | +0.0288% | 1h | 1,472.8 | +0.039% | $2.1M | $7.1M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0374% | 1h | 1,471.5 | −0.049% | $865K | $1.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0459% | 1h | 1,471 | −0.083% | $2.5M | $3.9M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0472% | 1h | 1,472.5 | +0.018% | $3.6M | $9.3M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0745% | 1h | 1,473 | +0.055% | $44K | $46K | 10x | as long as short |
Variational Omni ZEC
01 Exchange ZECUSD
Phoenix ZEC
Popdex ZECUSDT
OKX ZEC-USDT-SWAP
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Arcus ZEC-USD
Deribit ZEC_USDC-PERPETUAL
Lighter RH ZEC
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD