ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.60 per $10,000 · paid last 24h +0.006%

Price spread now: Orderly against Kalshi−0.047%7-day average −0.011% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Orderly

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)+0.722%+$72 · spread now −0.047%, 7d avg −0.011%

Together, before fees+0.540%+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.037% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of −0.011%). If the spread goes back, that is −$4 on $10k: about 2.0 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXZECPERP	1,452.7	0	get 0.0000% / 8h	39m 04s	$1.5M	$4.5M	2.2x
Short	Orderly PERP_ZEC_USDC	1,452	0.0060	get 0.0060% / 8h	4h 39m	$291K	$957K	20x

Funding 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 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 OrderlybpOrdersPrice spread, now −0.047%Rate

Funding earned: $12.67
Price spread: −0.047% → −0.011%: −$3.66
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6.98
Costs to cover: 0.160%
Break-even: 10.9 days

Slippage unknown: Kalshi: live order book, 4 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, 4 min ago	7.38 bp	12.4 bp −$12	16.5 bp −$165	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	1,450	−0.184%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452.7	+0.001%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,451.5	−0.080%	$29.2M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,452.5	−0.013%	$409K	$39K	5x	as long as short
Kalshi KXZECPERPlong	0.0000%	8h	1,452.7	long leg	$1.5M	$4.5M	2.2x
Perpl ZEC	0.0000%	43m	1,451.7	−0.067%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452.5	−0.014%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDCshort	+0.0060%	8h	1,452	−0.047%	$291K	$957K	20x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0066% / S −0.0016%	1h	1,452.4	−0.020%	$408K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,452.4	−0.017%	$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
Popdex ZECUSDT	+0.0096%	1h	1,452.2	−0.030%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,451.7	−0.064%	$11K	$872K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,452.8	+0.007%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,452.4	−0.020%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,452.8	+0.009%	$755.6M	$431.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,451.7	−0.064%	$14.4M	$27.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,453	+0.025%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,451.8	−0.057%	$666.2M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,451.4	−0.085%	$261.1M	$601.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,451.9	−0.055%	$177.3M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,452.1	−0.039%	$394K	$445K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,450.7	−0.136%	$875K	$29K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,451.6	−0.076%	$50.0M	$173.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,451.8	−0.059%	$215.5M	$770.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,452.3	−0.027%	$102.1M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,451.9	−0.051%	$164.9M	$273.6M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,451.9	−0.056%	—	$101.1M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,452.3	−0.026%	$2.4M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,449.4	−0.223%	$47.5M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.6	−0.142%	$565K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.9	+0.016%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,450.8	−0.127%	$403K	$925K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.2	−0.169%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,451.7	−0.067%	$365K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452.1	−0.036%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,450.8	−0.126%	$443K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,454.4	+0.120%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,451.9	−0.056%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,451.9	−0.053%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,451.4	−0.085%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,451.7	−0.068%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,451.1	−0.105%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,450.5	−0.152%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0235%	1h	1,452.5	−0.013%	$609K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0278%	1h	1,451.6	−0.070%	$18.0M	$44.9M	25x	as long as short
Lighter ZEC	+0.0336%	1h	1,453	+0.022%	$19.1M	$45.9M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,452.4	−0.015%	$919K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,454.3	+0.112%	$3.8M	$9.0M	50x	as long as short
Lighter RH ZEC	+0.0488%	1h	1,453.6	+0.064%	$2.0M	$6.9M	10x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,450.1	−0.176%	$738K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0675%	1h	1,451.2	−0.098%	$44K	$49K	10x	as long as short