Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0454%/8h= −49.7% APRpaid last 24h −0.188%

Price spread now: Kalshi against Aftermath Perps+0.544%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kalshi is 0.544% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.544% now, against zero (this spread has no 7-day history yet)): +$54 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps ZECUSD	1,452.1	0.0454	pay 0.0057% / 1h	26m 59s	$39K	$32K	10x
Short	Kalshi KXZECPERP	1,460	0	get 0.0000% / 8h	6h 26m	$917K	$5.7M	2.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Aftermath Perps. 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 Aftermath PerpsbpFee KalshibpOrdersPrice spread, now +0.544%Rate

Funding earned: −$95.33
Price spread: +0.544% → 0.000%: $54.44
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$59.89
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Kalshi: live order book, 2 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 2 min ago	8.07 bp	13.1 bp −$13	19.0 bp −$190	doesn't fit	doesn't fit

Aftermath Perps: 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	−0.3476%	1h	1,433.1	−1.307%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0085%	8h	1,458	+0.404%	$28.8M	$75.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,458.5	+0.436%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,457.7	+0.381%	$17.7M	$44.7M	25x	as long as short
Variational Omni ZEC	−0.0001%	8h	1,443	−0.626%	$45.4M	$32.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.8	+0.392%	$411K	$106K	5x	as long as short
Kalshi KXZECPERPshort	0.0000%	8h	1,460	+0.544%	$917K	$5.7M	2.2x
Perpl ZEC	0.0000%	43m	1,457.3	+0.358%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,458.4	+0.433%	$593K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.7	+0.385%	$5.2M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0011%	8h	1,458.6	+0.445%	$268.3M	$675.8M	75x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,457.7	+0.385%	$292K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0026% / S +0.0072%	1h	1,457.1	+0.344%	$547K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0058%	8h	1,458.9	+0.467%	$172.8M	$1.36B	50x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,457.4	+0.363%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0078%	8h	1,458.2	+0.418%	$49.4M	$189.9M	75x	as long as short
Aster ZECUSDT	+0.0090%	8h	1,458.7	+0.454%	$15.4M	$34.7M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,456.7	+0.316%	$13K	$872K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,459.5	+0.510%	$18.8M	$54.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,457.1	+0.343%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.5	+0.438%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457.3	+0.355%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.7	+0.453%	$753.9M	$496.8M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,458.1	+0.414%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459	+0.472%	$665.0M	$2.53B	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,441.6	−0.725%	$392K	$516K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,445	−0.490%	$890K	$32K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,458.4	+0.431%	$217.7M	$894.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,458.3	+0.424%	$103.4M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459.6	+0.515%	$161.5M	$313.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,457.2	+0.349%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,458.6	+0.449%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,444.1	−0.552%	$485K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,445.8	−0.438%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,445.6	−0.447%	$702K	$608K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.1	+0.273%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457	+0.336%	$351K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457	+0.337%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.3	+0.288%	$443K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.4	+0.500%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.9	+0.398%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458.4	+0.433%	$2.4M	$25.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,458.3	+0.426%	$3.8M	$5.4M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.1	−0.004%	$4.5M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,459.8	+0.528%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.7	+0.387%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,458	+0.405%	$870K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,459.2	+0.487%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSDlong	+0.0454%	1h	1,452.1	long leg	$39K	$32K	10x
Arcus ZEC-USD	+0.0518%	1h	1,459.6	+0.512%	$746K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0680%	1h	1,460.2	+0.556%	$2.0M	$8.5M	10x	as long as short