Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.029%

Price spread now: Aevo against Kalshi−0.082%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$680.684% of the position

Long on Kalshi Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)+1.411%+$141 · spread now −0.082%, 7d avg −0.019%

Together, before fees+1.489%+$149 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.063% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.019%). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.078% in total) that is about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXZECPERP	1,518.5	0	get 0.0000% / 8h	3h 49m	$1.6M	$5.0M	2.2x
Short	Aevo ZEC-PERP	1,517.2	0.0104	get 0.0013% / 1h	49m 56s	$43K	$150K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now −0.082%Rate

Funding earned: $21.84
Price spread: −0.082% → −0.019%: −$6.29
Slippage, 4 orders: −$42.44
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$52.89
Costs to cover: 0.684%
Break-even: 24.0 days

Slippage from Kalshi: live order book, 4 min ago; Aevo: live order book, 49 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 Kalshi live order book, 4 min ago	6.70 bp	11.7 bp −$12	18.4 bp −$184	doesn't fit	doesn't fit
Sell Aevo live order book, 49 min ago	6.99 bp	28.3 bp −$28	42.8 bp −$428	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	−0.3702%	1h	1,494.3	−1.590%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0463%	1h	1,515.3	−0.210%	$779K	$147K	10x	as long as short
Perpl ZEC	−0.0447%	43m	1,518.3	−0.014%	$62K	$305K	10x	as long as short
ApeX Omni ZECUSDT	−0.0275%	1h	1,515.6	−0.191%	$416K	$951K	50x	as long as short
BloFin ZEC-USDT	−0.0148%	8h	1,518.3	−0.012%	$31.8M	$77.2M	75x	as long as short
Aftermath Perps ZECUSD	−0.0128%	1h	1,515.6	−0.186%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,517.4	−0.073%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,517.8	−0.046%	$422K	$34K	5x	as long as short
Kalshi KXZECPERPlong	0.0000%	8h	1,518.5	long leg	$1.6M	$5.0M	2.2x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,518.3	−0.011%	$5.4M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,517.8	−0.044%	$18.4M	$47.8M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,518.6	+0.007%	$8K	$6K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0065%	1h	1,518.1	−0.026%	$693K	$1.4M	25x	as long as short
Phoenix ZEC	+0.0082%	1h	1,514.7	−0.251%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,517.1	−0.090%	$306K	$861K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,518.1	−0.021%	$19.6M	$44.4M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,518.6	+0.009%	$2.1M	$7.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,518.5	+0.003%	$173K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,518.3	−0.013%	$63K	$19K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,517.8	−0.041%	$16K	$900K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,518.7	+0.019%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,519.1	+0.042%	$795.5M	$448.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,518.1	−0.026%	$14.2M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,519	+0.032%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,518.5	+0.003%	$717.8M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,518.5	−0.001%	$273.8M	$629.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,519.4	+0.061%	$183.8M	$1.39B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,516.8	−0.109%	$413K	$548K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,518.7	+0.017%	$596K	$9.0M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,518.1	−0.026%	$60.3M	$183.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,514.6	−0.253%	$413.4M	$827.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,517.7	−0.049%	$103.6M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,519.6	+0.074%	$164.3M	$294.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,517.5	−0.064%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,517.7	−0.049%	$50.1M	$35.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,514	−0.293%	$565K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,516.8	−0.108%	$3.1M	$519K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,518.4	−0.007%	$51K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,519	+0.036%	$377K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,517.9	−0.037%	$170K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,512.3	−0.405%	$452K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,520.9	+0.161%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,517.4	−0.071%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,517.5	−0.062%	$2.7M	$21.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,517.7	−0.047%	$4.1M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,519.5	+0.068%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERPshort	+0.0104%	1h	1,517.2	−0.082%	$43K	$150K	20x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0154% / S −0.0156%	1h	1,517.8	−0.044%	$337K	—	100x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,518.3	−0.008%	$968K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,518.7	+0.016%	$3.7M	$9.9M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0545%	1h	1,518.6	+0.008%	$2.4M	$3.8M	15x	as long as short