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Funding arb · Price arb /

ZEC

all ZEC markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.029%
Price spread now: Kalshi against Katana Perps+0.077%7-day average +0.034% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.117%−$12 on $10k
Price spread, last 7 days−0.075%−$7 · spread now +0.077%, 7d avg +0.034%
Together, before fees−0.192%−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kalshi is 0.043% dearer against Katana Perps than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.034%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps ZEC-USD1,505.10.0100pay 0.0100% / 8h7h 32m$17K$898K10x
ShortKalshi KXZECPERP1,506.30get 0.0000% / 8h3h 32m$1.6M$5.0M2.2x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Katana Perps. 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
−$20.96
Price spread: +0.077% → +0.034%
$4.33
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$30.43
Costs to cover
0.138%
Break-even
never at this rate
Slippage unknown: Katana Perps: no order-book sample; Kalshi: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample—————
Sell Kalshi live order book, 1 min ago7.50 bp12.5 bp −$1318.6 bp −$186doesn't fitdoesn't fit
Katana 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3702%1h1,491.4−0.910%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,502.9−0.149%$62K$305K10xas long as short
Aftermath Perps ZECUSD−0.0203%1h1,507+0.127%$48K$58K10xas long as short
BloFin ZEC-USDT−0.0155%8h1,505.7+0.041%$31.8M$76.5M75xas long as short
Bulk ZEC-USD−0.0098%1h1,506.5+0.094%$775K$147K10xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,505.9+0.050%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,506.1+0.066%$418K$34K5xas long as short
Kalshi KXZECPERPshort0.0000%8h1,506.3+0.077%$1.6M$5.0M2.2x
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,505.5+0.025%$5.4M—150xas long as short
Kraken Futures PF_ZECUSD+0.0019%1h1,505.8+0.042%$18.3M$48.0M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZECUSD+0.0032%1h1,505.9+0.054%$8K$6K5xas long as short
Gate ZEC_USDT+0.0054%8h1,504−0.075%$60.4M$185.5M75xas long as short
Phoenix ZEC+0.0082%1h1,507+0.126%$4.8M$1.4M10xas long as short
Orderly PERP_ZEC_USDC+0.0085%8h1,503.9−0.082%$304K$861K20xas long as short
ApeX Omni ZECUSDT+0.0095%1h1,507.1+0.132%$414K$952K50xas long as short
Lighter ZEC+0.0096%1h1,507.1+0.134%$19.5M$44.9M20xas long as short
Lighter RH ZEC+0.0096%1h1,507.2+0.137%$2.1M$7.5M10xas long as short
Popdex ZECUSDT+0.0096%1h1,504.2−0.059%$172K$1.8M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,506.1+0.065%$62K$17K10xas long as short
Katana Perps ZEC-USDlong+0.0100%8h1,505.1long leg$17K$898K10x
Nado ZEC-PERP+0.0100%1h1,504.5−0.042%$3.1M$7.6M10xas long as short
Hyperliquid ZEC+0.0100%1h1,504.5−0.041%$787.7M$446.1M10xas long as short
Aster ZECUSDT+0.0100%8h1,503.5−0.105%$14.1M$30.7M75xas long as short
Pacifica ZEC+0.0100%1h1,506.3+0.081%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,504.4−0.049%$710.5M$2.33B75xas long as short
Bybit ZECUSDT+0.0100%8h1,504−0.078%$269.7M$625.2M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,503.8−0.090%$185.1M$1.37B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,501.6−0.234%$411K$557K5xas long as short
Arcus ZEC-USD+0.0100%1h1,506.8+0.113%$608K$9.0M10xas long as short
MEXC ZEC_USDT+0.0100%8h1,504.5−0.041%$406.7M$834.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,504.1−0.070%$102.7M$57.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,504.1−0.069%$162.7M$295.7M75xas long as short
BingX ZEC-USDC+0.0100%8h1,503.5−0.108%—$6.7M—as long as short
Variational Omni ZEC+0.0100%8h1,506.9+0.121%$49.9M$35.9M—as long as short
edgeX ZECUSDC+0.0100%4h1,506.7+0.107%$556K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,506.8+0.109%$3.1M$533K10xas long as short
StandX ZEC-USD+0.0100%1h1,505.6+0.030%$50K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,504.4−0.048%$373K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,504.2−0.061%$168K$194K20xas long as short
Derive ZEC-PERP+0.0100%1h1,506.3+0.076%$450K$419K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,508.2+0.201%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,506+0.056%$255K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,504.8−0.023%$2.7M$21.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,506.2+0.068%$4.0M$4.9M50xas long as short
Extended ZEC-USD+0.0104%1h1,506+0.058%$2.7M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,503.9−0.078%$44K$153K20xas long as short
RISEx ZEC/USDC+0.0157%1h1,505.9+0.052%$967K$1.1M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0159% / S −0.0163%1h1,504.2−0.060%$334K—100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0221%1h1,506.4+0.084%$689K$1.4M25xas long as short
Backpack ZEC_USDC_PERP+0.0362%1h1,506+0.061%$2.4M$3.8M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0368%1h1,506.7+0.106%$3.8M$10.0M50xas long as short