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Funding arb · Price arb /

ZEC

all ZEC markets
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Alert: funding
Measured
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Alert: spread
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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: Kalshi against Orderly+0.107%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort 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)−0.782%−$78 · spread now +0.107%, 7d avg +0.011%
Together, before fees−0.600%−$60 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.096% dearer against Orderly than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ZEC_USDC1,456.50.0063pay 0.0063% / 8h4h 12m$291K$952K20x
ShortKalshi KXZECPERP1,458.10.0100get 0.0100% / 8h12m 09s$1.5M$4.5M2.2x

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

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

Funding earned
$7.77
Price spread: +0.107% → +0.011%
$9.62
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Kalshi: 5 bp × 2 orders
−$10
Net
$1.39
Costs to cover
0.160%
Break-even
5.7 days
Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample—————
Sell Kalshi live order book, 1 min ago7.37 bp12.4 bp −$1219.0 bp −$190doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3166%1h1,462.6+0.419%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,458.7+0.152%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0070%8h1,459+0.173%$29.4M$71.0M75xas long as short
dYdX ZEC-USD0.0000%1h1,458.3+0.122%$411K$38K5xas long as short
Perpl ZEC0.0000%43m1,456.2−0.021%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,456.6+0.005%$5.2M—150xas long as short
Orderly PERP_ZEC_USDClong+0.0063%8h1,456.5long leg$291K$952K20x
GMX ZEC/USD [WBTC.b-USDC]L +0.0070% / S −0.0021%1h1,456.5−0.001%$409K—100xas long as short
01 Exchange ZECUSD+0.0072%1h1,457.6+0.078%$8K$7K5xas long as short
Popdex ZECUSDT+0.0096%1h1,457+0.035%$173K$1.7M50xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps ZEC-USD+0.0100%8h1,457.6+0.074%$11K$857K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,457.7+0.085%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,457.9+0.098%$2.8M$6.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,457.9+0.098%$758.4M$432.2M10xas long as short
Aster ZECUSDT+0.0100%8h1,457.2+0.046%$14.8M$28.0M75xas long as short
Pacifica ZEC+0.0100%1h1,457.9+0.097%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,457.1+0.043%$669.8M$2.21B75xas long as short
Bybit ZECUSDT+0.0100%8h1,456.5+0.003%$261.4M$602.5M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,457.2+0.050%$177.8M$1.22B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,460+0.241%$396K$442K5xas long as short
Gate ZEC_USDT+0.0100%8h1,457.2+0.049%$50.6M$175.1M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,457.1+0.043%$215.5M$774.9M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,457.2+0.050%$102.8M$54.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,457.2+0.048%$165.7M$271.2M75xas long as short
BingX ZEC-USDT+0.0100%8h1,457.4+0.063%—$105.7M—as long as short
Variational Omni ZEC+0.0100%8h1,459.3+0.192%$47.9M$32.7M—as long as short
edgeX ZECUSDC+0.0100%4h1,460.1+0.250%$569K$8.6M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,461.1+0.315%$3.0M$437K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,460.1+0.246%$405K$941K50xas long as short
StandX ZEC-USD+0.0100%1h1,460.6+0.284%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,456.7+0.014%$354K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,456.6+0.007%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,455.8−0.050%$444K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,459.3+0.196%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,457.1+0.041%$233K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,456.9+0.030%$2.7M$18.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,457.3+0.056%$3.8M$5.1M50xas long as short
Bulk ZEC-USD+0.0100%1h1,460.6+0.284%$882K$18K10xas long as short
Kalshi KXZECPERPshort+0.0100%8h1,458.1+0.107%$1.5M$4.5M2.2x
Extended ZEC-USD+0.0104%1h1,456.9+0.031%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,456.8+0.021%$47K$151K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0118%1h1,457.5+0.073%$615K$1.3M25xas long as short
Phoenix ZEC+0.0123%1h1,461.5+0.341%$4.6M$1.3M10xas long as short
Backpack ZEC_USDC_PERP+0.0149%1h1,457.6+0.076%$2.4M$3.8M15xas long as short
Lighter ZEC+0.0248%1h1,458.4+0.132%$19.2M$46.0M20xas long as short
Kraken Futures PF_ZECUSD+0.0277%1h1,457+0.037%$18.0M$45.2M25xas long as short
Lighter RH ZEC+0.0352%1h1,458.5+0.139%$2.1M$7.0M10xas long as short
RISEx ZEC/USDC+0.0412%1h1,457.6+0.076%$923K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,458.6+0.144%$3.8M$9.1M50xas long as short
Arcus ZEC-USD+0.0626%1h1,459.1+0.178%$678K$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0682%1h1,460+0.240%$45K$49K10xas long as short