Funding you earn now, next payment 04:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.37 per $10,000 · paid last 24h +0.006%
Price spread now: Orderly against Kalshi−0.107%7-day average −0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)+0.782%+$78 · spread now −0.107%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.096% cheaper against Kalshi than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXZECPERP | 1,458.1 | 0.0100 | pay 0.0100% / 8h | 12m 04s | $1.5M | $4.5M | 2.2x |
| Short | Orderly PERP_ZEC_USDC | 1,456.5 | 0.0063 | get 0.0063% / 8h | 4h 12m | $291K | $952K | 20x |
Kalshi KXZECPERP
Orderly PERP_ZEC_USDCFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.77
- Price spread: −0.107% → −0.011%
- −$9.61
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$33.38
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 1 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, 1 min ago | 7.37 bp | 12.4 bp −$12 | 19.8 bp −$198 | 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 | −0.3166% | 1h | 1,462.6 | +0.311% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,458.7 | +0.045% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0070% | 8h | 1,459 | +0.066% | $29.4M | $71.0M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,458.3 | +0.015% | $411K | $38K | 5x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,456.2 | −0.128% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,456.6 | −0.102% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDCshort | +0.0063% | 8h | 1,456.5 | −0.107% | $291K | $952K | 20x | |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0070% / S −0.0021% | 1h | 1,456.5 | −0.108% | $409K | — | 100x | as long as short |
| 01 Exchange ZECUSD | +0.0072% | 1h | 1,457.6 | −0.029% | $8K | $7K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,457 | −0.072% | $173K | $1.7M | 50x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Perpl ZEC
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
01 Exchange ZECUSD
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,457.6 | −0.033% | $11K | $857K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457.7 | −0.022% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,457.9 | −0.009% | $2.8M | $6.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,458.3 | +0.014% | $758.5M | $432.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,457.1 | −0.066% | $14.8M | $28.0M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,457.9 | −0.010% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,457.5 | −0.035% | $669.7M | $2.21B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,457 | −0.070% | $261.5M | $602.5M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,457.2 | −0.057% | $177.8M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,460 | +0.134% | $396K | $442K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,457.2 | −0.058% | $50.6M | $175.1M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,457.1 | −0.064% | $215.5M | $774.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,457.2 | −0.057% | $102.8M | $54.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,457.4 | −0.048% | $165.7M | $271.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,457.4 | −0.044% | — | $105.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,459.3 | +0.085% | $47.9M | $32.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,460.1 | +0.143% | $569K | $8.6M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,461.1 | +0.207% | $3.0M | $437K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,460.1 | +0.139% | $405K | $941K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,460.6 | +0.177% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.7 | −0.093% | $354K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,456.6 | −0.100% | $160K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,455.8 | −0.157% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,459.3 | +0.088% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,457.1 | −0.067% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,456.9 | −0.077% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,457.3 | −0.051% | $3.8M | $5.1M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,460.6 | +0.177% | $882K | $18K | 10x | as long as short |
| Kalshi KXZECPERPlong | +0.0100% | 8h | 1,458.1 | long leg | $1.5M | $4.5M | 2.2x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,457 | −0.072% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,456.8 | −0.086% | $47K | $151K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0118% | 1h | 1,457.5 | −0.034% | $615K | $1.3M | 25x | as long as short |
| Phoenix ZEC | +0.0123% | 1h | 1,461.5 | +0.233% | $4.6M | $1.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0149% | 1h | 1,457.6 | −0.031% | $2.4M | $3.8M | 15x | as long as short |
| Lighter ZEC | +0.0248% | 1h | 1,458.4 | +0.025% | $19.2M | $46.0M | 20x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0277% | 1h | 1,457 | −0.070% | $18.0M | $45.2M | 25x | as long as short |
| Lighter RH ZEC | +0.0352% | 1h | 1,458.5 | +0.032% | $2.1M | $7.0M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0412% | 1h | 1,457.6 | −0.031% | $923K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,458.6 | +0.037% | $3.8M | $9.1M | 50x | as long as short |
| Arcus ZEC-USD | +0.0626% | 1h | 1,459.1 | +0.071% | $678K | $8.3M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0682% | 1h | 1,460 | +0.132% | $45K | $49K | 10x | as long as short |
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
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
HTX ZEC-USDT
Phemex ZECUSDT
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Phoenix ZEC
Backpack ZEC_USDC_PERP
Lighter ZEC
Kraken Futures PF_ZECUSD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD