Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.011%

Price spread now: 01 Exchange against Kalshi−0.025%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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. 01 Exchange is 0.025% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXZECPERP	1,491.6	0	get 0.0000% / 8h	5h 58m	$1.6M	$4.6M	2.2x
Short	01 Exchange ZECUSD	1,491.2	0.0112	get 0.0014% / 1h	58m 08s	$8K	$7K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.025%Rate

Funding earned: $23.52
Price spread: −0.025% → 0.000%: −$2.55
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $3.97
Costs to cover: 0.170%
Break-even: 5.8 days

Slippage unknown: Kalshi: live order book, just now; 01 Exchange: 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, just now	7.03 bp	12.0 bp −$12	16.7 bp −$167	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.3684%	1h	1,479.8	−0.794%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0122%	8h	1,491.8	+0.014%	$30.6M	$73.9M	75x	as long as short
Bulk ZEC-USD	−0.0102%	1h	1,494.5	+0.196%	$903K	$15K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,492.4	+0.051%	$18.1M	$46.3M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,490.4	−0.084%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,489.8	−0.124%	$414K	$35K	5x	as long as short
Kalshi KXZECPERPlong	0.0000%	8h	1,491.6	long leg	$1.6M	$4.6M	2.2x
Perpl ZEC	0.0000%	43m	1,488.9	−0.185%	$82K	$245K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,491.7	+0.003%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0071%	8h	1,491.7	+0.009%	$300K	$1.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,495.2	+0.240%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,491.4	−0.017%	$156K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,490.2	−0.093%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,492.2	+0.038%	$14.2M	$29.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,490.8	−0.055%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,492.3	+0.044%	$694.2M	$2.28B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,492.6	+0.065%	$270.1M	$626.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,493.2	+0.108%	$180.9M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,486.2	−0.363%	$406K	$477K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,492.7	+0.075%	$54.2M	$177.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,493.3	+0.112%	$234.0M	$769.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,492.6	+0.064%	$102.5M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,493.4	+0.120%	$161.1M	$286.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,493.1	+0.103%	—	$115.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,494	+0.159%	$48.9M	$33.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494	+0.159%	$570K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,495.8	+0.281%	$3.1M	$477K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,494.4	+0.184%	$414K	$931K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,490.2	−0.094%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,490.5	−0.074%	$361K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,491.2	−0.027%	$164K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,490.9	−0.050%	$455K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,494	+0.160%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,492	+0.027%	$254K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,491.9	+0.020%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,492.4	+0.056%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,490.3	−0.088%	$61K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,491.1	−0.036%	$12K	$860K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0104% / S −0.0078%	1h	1,491.3	−0.018%	$373K	—	100x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,491.9	+0.021%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,492.1	+0.031%	$45K	$149K	20x	as long as short
01 Exchange ZECUSDshort	+0.0112%	1h	1,491.2	−0.025%	$8K	$7K	5x
RISEx ZEC/USDC	+0.0129%	1h	1,491.3	−0.022%	$933K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0150%	1h	1,493.2	+0.107%	$2.3M	$3.9M	15x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,492.3	+0.044%	$607K	$8.6M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0250%	1h	1,493	+0.091%	$710K	$1.4M	25x	as long as short
Aftermath Perps ZECUSD	+0.0325%	1h	1,493.9	+0.151%	$49K	$63K	10x	as long as short
Lighter ZEC	+0.0344%	1h	1,493.8	+0.144%	$19.5M	$45.3M	20x	as long as short
Hyperliquid ZEC	+0.0371%	1h	1,493.7	+0.142%	$778.4M	$439.8M	10x	as long as short
Lighter RH ZEC	+0.0416%	1h	1,493.8	+0.146%	$2.1M	$7.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,494.3	+0.179%	$3.6M	$9.9M	50x	as long as short