Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: HTX against Kalshi−0.211%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$480.477% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.199%−$20 on $10k
Price spread, last 4 days (all we have)+0.769%+$77 · spread now −0.211%, 7d avg −0.049%
Together, before fees+0.570%+$57 on $10k · with fees, hour by hour
Funding pays, the price is against you. HTX is 0.162% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.211% now, against its 7-day average of −0.049%). If the spread goes back, that is −$16 on $10k: about 5.4 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.199%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXZECPERP1,4610get 0.0000% / 8h17m 30s$1.5M$4.5M2.2x
ShortHTX ZEC-USDT1,457.90.0100get 0.0100% / 8h4h 17m$2.7M$18.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
$21
Price spread: −0.211% → −0.049%
−$16.19
Slippage, 4 orders
−$25.67
Fee Kalshi: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$42.85
Costs to cover
0.477%
Break-even
21.3 days
Slippage from Kalshi: live order book, 1 min ago; HTX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 1 min ago7.81 bp12.8 bp −$1318.0 bp −$180doesn't fitdoesn't fit
Sell HTX live order book, 2 min ago1.78 bp12.7 bp −$1315.9 bp −$15935.3 bp −$3,534doesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3166%1h1,462.9+0.130%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,459.6−0.091%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0069%8h1,461.4+0.034%$29.4M$71.1M75xas long as short
dYdX ZEC-USD0.0000%1h1,459.7−0.083%$411K$38K5xas long as short
Kalshi KXZECPERPlong0.0000%8h1,461long leg$1.5M$4.5M2.2x
Perpl ZEC0.0000%43m1,458.7−0.157%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,459.4−0.107%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0063%8h1,459.4−0.107%$292K$952K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0069% / S −0.0020%1h1,459.3−0.113%$410K100xas long as short
01 Exchange ZECUSD+0.0080%1h1,460.2−0.052%$8K$7K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ZEC_USDC-PERPETUAL+0.0088%1h1,460−0.064%$616K$1.3M25xas long as short
Popdex ZECUSDT+0.0096%1h1,459.8−0.077%$173K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,460.2−0.053%$11K$857K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,460−0.063%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,460.4−0.039%$2.8M$6.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,461.1+0.010%$759.6M$431.8M10xas long as short
Aster ZECUSDT+0.0100%8h1,459.8−0.082%$14.5M$28.0M75xas long as short
Pacifica ZEC+0.0100%1h1,460.3−0.046%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,459.9−0.074%$671.0M$2.21B75xas long as short
Bybit ZECUSDT+0.0100%8h1,459.3−0.112%$262.1M$602.4M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,459.7−0.084%$178.2M$1.23B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,458.4−0.175%$397K$442K5xas long as short
Bulk ZEC-USD+0.0100%1h1,457.2−0.255%$880K$18K10xas long as short
Gate ZEC_USDT+0.0100%8h1,459.6−0.094%$50.6M$174.8M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,459.9−0.073%$214.9M$773.9M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,460−0.068%$103.0M$54.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,460.1−0.060%$166.1M$271.1M75xas long as short
BingX ZEC-USDC+0.0100%8h1,459.8−0.077%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,460.3−0.045%$47.9M$32.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,461.7+0.053%$569K$8.6M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,460.6−0.027%$3.0M$437K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,461.9+0.068%$405K$939K50xas long as short
StandX ZEC-USD+0.0100%1h1,459−0.136%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,459.8−0.079%$365K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,459.2−0.118%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,458.5−0.168%$445K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,461.7+0.049%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,459.4−0.110%$234K$3.4M10xas long as short
HTX ZEC-USDTshort+0.0100%8h1,457.9−0.211%$2.7M$18.4M75x
Phemex ZECUSDT+0.0100%8h1,459.5−0.100%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,460−0.068%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,459.4−0.110%$47K$151K20xas long as short
Backpack ZEC_USDC_PERP+0.0113%1h1,460.1−0.057%$2.4M$3.8M15xas long as short
Phoenix ZEC+0.0123%1h1,460.1−0.059%$4.6M$1.3M10xas long as short
Lighter ZEC+0.0264%1h1,461.2+0.017%$19.2M$46.0M20xas long as short
Kraken Futures PF_ZECUSD+0.0276%1h1,459.3−0.111%$18.1M$45.0M25xas long as short
Lighter RH ZEC+0.0384%1h1,461.1+0.012%$2.1M$7.0M10xas long as short
RISEx ZEC/USDC+0.0412%1h1,460−0.064%$924K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,461.5+0.036%$3.8M$9.1M50xas long as short
Arcus ZEC-USD+0.0626%1h1,460.9−0.001%$683K$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0684%1h1,460.3−0.045%$45K$49K10xas long as short