Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Kalshi against Pacifica−0.033%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Pacifica Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$25 on $10k

Price spread, last 7 days+0.159%+$16 · spread now −0.033%, 7d avg +0.043%

Together, before fees+0.414%+ Points / potential airdropPacifica: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.076% cheaper against Pacifica than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.043%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.255%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ZEC	1,463.2	0.0100	pay 0.0013% / 1h	35m 28s	$1.7M	$3.0M	10x
Short	Kalshi KXZECPERP	1,462.8	0	get 0.0000% / 8h	5h 35m	$885K	$5.7M	2.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Pacifica. 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 PacificabpFee KalshibpOrdersPrice spread, now −0.033%Rate

Funding earned: −$21
Price spread: −0.033% → +0.043%: −$7.64
Slippage, 4 orders: −$21.79
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$68.43
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; Kalshi: live order book, 3 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 Pacifica live order book, 4 min ago	0.85 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	6.18 bp	17.0 bp −$17	22.6 bp −$226	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	−0.3310%	1h	1,448.2	−1.026%	$33K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0405%	1h	1,462.1	−0.082%	$17.8M	$44.8M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0212%	1h	1,459.3	−0.270%	$396K	$518K	5x	as long as short
BloFin ZEC-USDT	−0.0089%	8h	1,461.8	−0.096%	$29.3M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,462.2	−0.074%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0050%	8h	1,463.6	+0.025%	$271.1M	$673.1M	75x	as long as short
Variational Omni ZEC	−0.0025%	8h	1,460.9	−0.158%	$46.5M	$34.0M	—	as long as short
ApeX Omni ZECUSDT	−0.0024%	1h	1,463.5	+0.016%	$430K	$820K	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L −0.0017% / S +0.0093%	1h	1,464.5	+0.085%	$541K	—	100x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,461.6	−0.112%	$412K	$106K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXZECPERPshort	0.0000%	8h	1,462.8	−0.033%	$885K	$5.7M	2.2x
Perpl ZEC	0.0000%	43m	1,463.6	+0.026%	$83K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,464.7	+0.101%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0013%	8h	1,464	+0.051%	$292K	$1.5M	20x	as long as short
Bulk ZEC-USD	+0.0030%	1h	1,466	+0.189%	$905K	$27K	10x	as long as short
Gate ZEC_USDT	+0.0048%	8h	1,464.4	+0.075%	$50.0M	$184.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0049%	8h	1,464	+0.052%	$175.8M	$1.35B	50x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,463.4	+0.007%	$8K	$8K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0073%	1h	1,463.3	+0.001%	$595K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0075%	1h	1,461.4	−0.129%	$4.6M	$1.6M	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,464.3	+0.070%	$19.0M	$52.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,462.9	−0.024%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,463	−0.018%	$14K	$862K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462.4	−0.055%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.8	−0.031%	$2.5M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,464.2	+0.065%	$758.9M	$484.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463.2	−0.003%	$15.6M	$33.3M	75x	as long as short
Pacifica ZEClong	+0.0100%	1h	1,463.2	long leg	$1.7M	$3.0M	10x
Binance ZECUSDT	+0.0100%	8h	1,464.5	+0.083%	$674.7M	$2.50B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.8	+0.038%	$222.9M	$860.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,463.2	−0.005%	$103.7M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464.2	+0.065%	$161.9M	$306.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,464.6	+0.090%	—	$103.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,461.4	−0.128%	$509K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,462.2	−0.071%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.8	−0.031%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.1	−0.010%	$343K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,464	+0.053%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.3	−0.063%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,464.4	+0.076%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,462.1	−0.076%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,461.2	−0.139%	$2.5M	$24.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,462.6	−0.046%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,463.2	−0.006%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.9	+0.045%	$36K	$367K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0188%	1h	1,462.8	−0.029%	$2.3M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,463.3	+0.005%	$841K	$1.7M	10x	as long as short
Lighter RH ZEC	+0.0384%	1h	1,464.4	+0.076%	$2.0M	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,464.1	+0.057%	$3.7M	$11.6M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,464	+0.050%	$742K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0542%	1h	1,464.9	+0.115%	$40K	$34K	10x	as long as short