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 −0.030%

Price spread now: Kalshi against HTX+0.220%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on HTX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 4 days (all we have)−0.439%−$44 · spread now +0.220%, 7d avg +0.053%

Together, before fees−0.240%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.167% dearer against HTX than usual: you sell high and buy low (spread +0.220% now, against its 7-day average of +0.053%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.6 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	1,466.4	0.0100	pay 0.0100% / 8h	2h 48m	$2.7M	$18.3M	75x
Short	Kalshi KXZECPERP	1,469.6	0	get 0.0000% / 8h	6h 48m	$1.5M	$4.4M	2.2x

Funding 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 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 HTXbpFee KalshibpOrdersPrice spread, now +0.220%Rate

Funding earned: −$21
Price spread: +0.220% → +0.053%: $16.7
Slippage, 4 orders: −$21.01
Fee HTX: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$47.3
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from HTX: live order book, 5 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 HTX live order book, 5 min ago	0.55 bp	10.0 bp −$10	15.5 bp −$155	39.7 bp −$3,967	100.6 bp −$50.3K
Sell Kalshi live order book, 5 min ago	6.95 bp	11.9 bp −$12	18.9 bp −$189	doesn't fit	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	1,469.3	+0.201%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.6	+0.086%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,467.3	+0.066%	$29.8M	$70.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,466.4	+0.003%	$408K	$37K	5x	as long as short
Kalshi KXZECPERPshort	0.0000%	8h	1,469.6	+0.220%	$1.5M	$4.4M	2.2x
Perpl ZEC	0.0000%	43m	1,468.1	+0.117%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,467.8	+0.096%	$618K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,467.6	+0.083%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,466.9	+0.038%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,467	+0.043%	$293K	$900K	20x	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	1,465.6	−0.053%	$4.7M	$1.3M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0093% / S −0.0046%	1h	1,467.2	+0.058%	$437K	—	100x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,468.2	+0.126%	$2.1M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,466.6	+0.018%	$174K	$1.6M	50x	as long as short
Bybit ZECUSDT	+0.0099%	8h	1,466.1	−0.018%	$262.6M	$586.7M	75x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,467.6	+0.082%	$12K	$797K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,466.7	+0.026%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,467.9	+0.107%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,467.7	+0.092%	$764.2M	$418.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,466.7	+0.027%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,466.8	+0.033%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,466.5	+0.009%	$676.5M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,466.3	−0.001%	$178.4M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,466.2	−0.010%	$398K	$430K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,464.4	−0.132%	$885K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,466.7	+0.020%	$52.7M	$169.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,466.7	+0.026%	$218.8M	$757.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,466.7	+0.027%	$103.2M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,467.1	+0.050%	$166.7M	$267.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,466.4	+0.001%	—	$107.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,469.8	+0.235%	$48.2M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,465.8	−0.037%	$572K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.6	+0.151%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.8	+0.233%	$406K	$923K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,468.1	+0.118%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,467.6	+0.085%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,467.1	+0.054%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,466.2	−0.013%	$448K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,470	+0.248%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467	+0.046%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,466.4	long leg	$2.7M	$18.3M	75x
Phemex ZECUSDT	+0.0100%	8h	1,467.5	+0.076%	$3.9M	$4.7M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.8	+0.029%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467	+0.045%	$47K	$151K	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0147%	1h	1,467.1	+0.051%	$18.0M	$45.6M	25x	as long as short
Lighter ZEC	+0.0152%	1h	1,468.1	+0.118%	$19.4M	$43.8M	20x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,466.9	+0.039%	$927K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0301%	1h	1,467.6	+0.082%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,470.6	+0.293%	$3.8M	$9.2M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,468.3	+0.132%	$668K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0679%	1h	1,467.7	+0.092%	$45K	$49K	10x	as long as short