ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against Kalshi−0.109%7-day average −0.035% · 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−$46as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Kalshi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 7 days+0.163%+$16 · spread now −0.109%, 7d avg −0.035%

Together, before fees+0.247%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.074% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of −0.035%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.085% in total) that is about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXZECPERP	1,495.8	0	get 0.0000% / 8h	6h 01m	$1.6M	$4.6M	2.2x
Short	Bybit ZECUSDT	1,494.1	0.0100	get 0.0100% / 8h	2h 01m	$274.6M	$621.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.109%Rate

Funding earned: $21
Price spread: −0.109% → −0.035%: −$7.43
Slippage, 4 orders: −$17.26
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$24.7
Costs to cover: 0.383%
Break-even: 15.2 days

Slippage from Kalshi: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	6.92 bp	11.9 bp −$12	18.6 bp −$186	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.03 bp	8.4 bp −$8	10.1 bp −$101	17.5 bp −$1,749	doesn't fit

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	−0.3243%	1h	1,479.2	−1.110%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0117%	8h	1,495.8	+0.002%	$30.7M	$74.0M	75x	as long as short
Bulk ZEC-USD	−0.0102%	1h	1,494.5	−0.083%	$903K	$15K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,495.5	−0.017%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,495.1	−0.047%	$415K	$35K	5x	as long as short
Kalshi KXZECPERPlong	0.0000%	8h	1,495.8	long leg	$1.6M	$4.6M	2.2x
Perpl ZEC	0.0000%	43m	1,494.6	−0.079%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,495.1	−0.048%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0070%	8h	1,494.6	−0.081%	$300K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,495.6	−0.009%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,500.8	+0.336%	$4.8M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,495.5	−0.019%	$153K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,494.7	−0.068%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,496.2	+0.029%	$780.0M	$438.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,494.4	−0.095%	$14.2M	$29.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,494.9	−0.057%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,494.1	−0.113%	$693.9M	$2.28B	75x	as long as short
Bybit ZECUSDTshort	+0.0100%	8h	1,494.1	−0.109%	$274.6M	$621.3M	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,493.9	−0.124%	$181.4M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,495.1	−0.045%	$407K	$480K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,494.3	−0.096%	$54.1M	$182.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,494.2	−0.105%	$232.4M	$785.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,494.7	−0.071%	$103.0M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,494.7	−0.074%	$161.2M	$285.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,494.4	−0.093%	—	$114.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,498.3	+0.172%	$49.0M	$33.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,496.8	+0.066%	$572K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,498.9	+0.209%	$3.1M	$477K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,495.8	0.000%	$414K	$930K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,495.2	−0.041%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495.2	−0.038%	$362K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,495	−0.051%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.7	−0.138%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,497.1	+0.086%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,494.7	−0.072%	$254K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,493.6	−0.146%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,495	−0.052%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,494.8	−0.063%	$62K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,495.2	−0.041%	$12K	$858K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,494.7	−0.074%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,494.5	−0.082%	$45K	$149K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0109% / S −0.0086%	1h	1,494.7	−0.073%	$404K	—	100x	as long as short
Kraken Futures PF_ZECUSD	+0.0144%	1h	1,494.8	−0.063%	$18.1M	$46.2M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,495.5	−0.019%	$933K	$1.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0198%	1h	1,495.4	−0.028%	$711K	$1.4M	25x	as long as short
Lighter ZEC	+0.0216%	1h	1,496.2	+0.028%	$19.6M	$45.9M	20x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,496.3	+0.036%	$2.1M	$7.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0336%	1h	1,495.5	−0.016%	$2.3M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0365%	1h	1,497.3	+0.100%	$50K	$61K	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,497	+0.081%	$3.7M	$9.9M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,496.4	+0.039%	$617K	$8.6M	10x	as long as short