Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.010%
Price spread now: Kalshi against GRVT+0.045%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$400.395% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 7 days+0.095%+$10 · spread now +0.045%, 7d avg +0.035%
=Together, before fees−0.057%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ZEC_USDT_Perp | 1,472.8 | 0.0100 | pay 0.0100% / 8h | 48m 20s | $3.0M | $466K | 10x |
| Short | Kalshi KXZECPERP | 1,473.4 | 0 | get 0.0000% / 8h | 4h 48m | $902K | $5.6M | 2.2x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against GRVT. 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
- −$21
- Price spread: +0.045% → +0.035%
- $1.03
- Slippage, 4 orders
- −$20.54
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$59.51
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from GRVT: 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 GRVT live order book, 5 min ago | 1.90 bp | 6.4 bp −$6 | 8.4 bp −$84 | 17.5 bp −$1,750 | 32776.2 bp −$16.39M |
| Sell Kalshi live order book, 5 min ago | 8.34 bp | 13.3 bp −$13 | 17.3 bp −$173 | 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 | −0.3089% | 1h | 1,473.7 | +0.061% | $34K | $275K | 12x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0278% | 1h | 1,471.3 | −0.100% | $399K | $516K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,473.4 | +0.043% | $17.9M | $44.5M | 25x | as long as short |
| ApeX Omni ZECUSDT | −0.0190% | 1h | 1,472.5 | −0.022% | $432K | $830K | 50x | as long as short |
| BloFin ZEC-USDT | −0.0105% | 8h | 1,473.3 | +0.035% | $29.5M | $75.6M | 75x | as long as short |
| Bybit ZECUSDT | −0.0091% | 8h | 1,470.6 | −0.149% | $273.3M | $657.8M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,473.5 | +0.047% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0040% | 8h | 1,471.8 | −0.066% | $46.8M | $33.6M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,473.1 | +0.021% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERPshort | 0.0000% | 8h | 1,473.4 | +0.045% | $902K | $5.6M | 2.2x |
Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,471.2 | −0.105% | $84K | $404K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,471.9 | −0.056% | $614K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.8 | −0.068% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,471.2 | −0.107% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.1 | +0.020% | $4.6M | $1.6M | 10x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,471 | −0.119% | $180.5M | $1.34B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,471.3 | −0.103% | $8K | $8K | 5x | as long as short |
| Gate ZEC_USDT | +0.0044% | 8h | 1,471.3 | −0.100% | $50.6M | $184.3M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0011% | 1h | 1,471.6 | −0.077% | $366K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,473.6 | +0.057% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.1 | −0.112% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,471.2 | −0.104% | $11K | $829K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.3 | −0.097% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.2 | −0.042% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.7 | −0.005% | $764.3M | $473.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.1 | −0.113% | $15.5M | $32.6M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.5 | −0.016% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.3 | −0.098% | $681.6M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.8 | +0.004% | $716K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472 | −0.052% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.3 | −0.101% | $220.5M | $831.6M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,471 | −0.118% | $104.0M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.1 | −0.112% | $162.8M | $302.8M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,470 | −0.186% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,472.5 | −0.015% | $512K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perplong | +0.0100% | 8h | 1,472.8 | long leg | $3.0M | $466K | 10x | |
| StandX ZEC-USD | +0.0100% | 1h | 1,474.5 | +0.114% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471 | −0.121% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.2 | −0.108% | $127K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,469.8 | −0.204% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473.2 | +0.028% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,473.2 | +0.029% | $226K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,472.4 | −0.027% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,473.7 | +0.060% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,471.5 | −0.089% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.3 | −0.100% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,471.6 | −0.078% | $834K | $1.2M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0422% | 1h | 1,474.1 | +0.087% | $2.4M | $3.7M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,476 | +0.217% | $3.8M | $11.0M | 50x | as long as short |
| Lighter RH ZEC | +0.0520% | 1h | 1,474 | +0.080% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0649% | 1h | 1,473.2 | +0.029% | $46K | $47K | 10x | as long as short |
GRVT ZEC_USDT_Perp
Kalshi KXZECPERP
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
ApeX Omni ZECUSDT
BloFin ZEC-USDT
Bybit ZECUSDT
Variational Omni ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Phoenix ZEC
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
RISEx ZEC/USDC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX
Lighter RH ZEC
Aftermath Perps ZECUSD