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: Aftermath Perps against Kalshi−0.541%7-day average — · you buy dearer than you sell

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

Long on Kalshi Short on Aftermath Perps

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

Funding pays, the price is against you. Aftermath Perps is 0.541% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.541% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$54 on $10k: about 4.0 days of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXZECPERP	1,460	0	get 0.0000% / 8h	6h 26m	$917K	$5.7M	2.2x
Short	Aftermath Perps ZECUSD	1,452.1	0.0454	get 0.0057% / 1h	26m 53s	$39K	$32K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.541%Rate

Funding earned: $95.33
Price spread: −0.541% → 0.000%: −$54.14
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $22.19
Costs to cover: 0.190%
Break-even: 5.4 days

Slippage unknown: Kalshi: live order book, 2 min ago; Aftermath Perps: 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, 2 min ago	8.07 bp	13.1 bp −$13	17.9 bp −$179	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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	−1.842%	$33K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0085%	8h	1,458	−0.140%	$28.8M	$75.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,458.5	−0.108%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,457.7	−0.163%	$17.7M	$44.7M	25x	as long as short
Variational Omni ZEC	−0.0001%	8h	1,443	−1.164%	$45.4M	$32.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.8	−0.151%	$411K	$106K	5x	as long as short
Kalshi KXZECPERPlong	0.0000%	8h	1,460	long leg	$917K	$5.7M	2.2x
Perpl ZEC	0.0000%	43m	1,457.3	−0.186%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,458.4	−0.110%	$593K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.7	−0.158%	$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	1,459.1	−0.064%	$268.4M	$676.0M	75x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,457.7	−0.158%	$292K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0026% / S +0.0072%	1h	1,457.1	−0.199%	$547K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0058%	8h	1,459.5	−0.040%	$173.8M	$1.36B	50x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,457.4	−0.181%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0078%	8h	1,459.5	−0.038%	$49.5M	$189.9M	75x	as long as short
Aster ZECUSDT	+0.0090%	8h	1,459	−0.073%	$15.4M	$34.7M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,456.7	−0.227%	$13K	$872K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,459.5	−0.034%	$18.8M	$54.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,457.1	−0.201%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.5	−0.105%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457.3	−0.188%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460.2	+0.012%	$754.6M	$496.9M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,458.1	−0.130%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459.4	−0.041%	$665.3M	$2.54B	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,441.6	−1.262%	$392K	$516K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,445	−1.029%	$890K	$32K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,459	−0.068%	$218.5M	$894.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,459.5	−0.038%	$103.5M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459.6	−0.029%	$161.5M	$313.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,458.4	−0.113%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,458.6	−0.095%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,444.1	−1.090%	$485K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,445.8	−0.977%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,445.6	−0.986%	$702K	$608K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.1	−0.270%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457	−0.208%	$351K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457	−0.206%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.3	−0.255%	$443K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.4	−0.045%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.9	−0.145%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,458.4	−0.111%	$2.4M	$25.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,458.3	−0.118%	$3.8M	$5.4M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.1	−0.546%	$4.5M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,459.8	−0.017%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.7	−0.157%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,458	−0.138%	$870K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,459.2	−0.057%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSDshort	+0.0454%	1h	1,452.1	−0.541%	$39K	$32K	10x
Arcus ZEC-USD	+0.0518%	1h	1,459.6	−0.032%	$746K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0680%	1h	1,460.2	+0.012%	$2.0M	$8.5M	10x	as long as short