Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: edgeX against Kalshi−0.057%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Kalshi Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 7 days+0.006%+$1 · spread now −0.057%, 7d avg −0.092%

Together, before fees+0.214%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.035% dearer against Kalshi than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXZECPERP	1,504.4	0	get 0.0000% / 8h	4h 38m	$1.5M	$4.4M	2.2x
Short	edgeX ZECUSDC	1,503.5	0.0100	get 0.0050% / 4h	38m 43s	$575K	$9.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.057%Rate

Funding earned: $21
Price spread: −0.057% → −0.092%: $3.47
Slippage, 4 orders: −$16.95
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$11.47
Costs to cover: 0.359%
Break-even: 10.8 days

Slippage from Kalshi: live order book, 5 min ago; edgeX: 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 Kalshi live order book, 5 min ago	6.84 bp	11.8 bp −$12	19.3 bp −$193	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	1.43 bp	6.3 bp −$6	11.1 bp −$111	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	−0.3442%	1h	1,504.2	−0.015%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,502.8	−0.110%	$62K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0166%	8h	1,503.7	−0.049%	$30.9M	$75.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,504.7	+0.020%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0078%	1h	1,502.1	−0.156%	$48K	$59K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,503.8	−0.039%	$418K	$35K	5x	as long as short
Kalshi KXZECPERPlong	0.0000%	8h	1,504.4	long leg	$1.5M	$4.4M	2.2x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.2	−0.080%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,504.1	−0.021%	$18.1M	$47.2M	25x	as long as short
Bulk ZEC-USD	+0.0021%	1h	1,505.9	+0.099%	$910K	$2K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	+0.0070%	1h	1,504.3	−0.008%	$687K	$1.4M	25x	as long as short
Ondo Perps ZEC-USD.P	+0.0072%	1h	1,500.8	−0.239%	$411K	$563K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,503	−0.090%	$303K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,505.2	+0.053%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,502.2	−0.147%	$175K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,502.4	−0.136%	$14K	$878K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,503	−0.091%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,502.4	−0.132%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,504.4	0.000%	$786.1M	$444.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,502.9	−0.100%	$14.1M	$31.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,503.1	−0.086%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,502.8	−0.109%	$703.1M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,502.2	−0.145%	$270.5M	$623.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,502	−0.160%	$184.5M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,503	−0.094%	$56.4M	$183.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,502.3	−0.139%	$236.6M	$794.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,503.2	−0.078%	$103.5M	$57.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,502.2	−0.144%	$162.4M	$289.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,502.2	−0.148%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,503	−0.096%	$49.1M	$34.6M	—	as long as short
edgeX ZECUSDCshort	+0.0100%	4h	1,503.5	−0.057%	$575K	$9.0M	20x
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.6	+0.080%	$3.1M	$507K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.4	0.000%	$414K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,503.8	−0.041%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503.1	−0.086%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,504.3	−0.009%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,503.3	−0.074%	$459K	$489K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,504.5	+0.007%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.4	−0.066%	$254K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,502.5	−0.127%	$2.7M	$20.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,503.4	−0.066%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,502.1	−0.150%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.5	−0.058%	$43K	$151K	20x	as long as short
Lighter RH ZEC	+0.0112%	1h	1,504	−0.027%	$2.1M	$7.4M	10x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,503.9	−0.031%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,503.7	−0.050%	$946K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0162% / S −0.0201%	1h	1,503.7	−0.047%	$437K	—	100x	as long as short
Lighter ZEC	+0.0216%	1h	1,504	−0.028%	$19.8M	$45.3M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,502.5	−0.127%	$607K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,505.6	+0.081%	$3.7M	$10.2M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0550%	1h	1,504.3	−0.010%	$2.4M	$3.9M	15x	as long as short