Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.064%
Price spread now: Kalshi against Arcus−0.063%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Funding, last 3 days (all we have)−0.144%−$14 on $10k
+Price spread, last 7 days+0.119%+$12 · spread now −0.063%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.054% cheaper against Arcus than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus ZEC-USD | 1,473.2 | 0.0100 | pay 0.0013% / 1h | 42m 13s | $720K | $8.3M | 10x |
| Short | Kalshi KXZECPERP | 1,472.2 | 0 | get 0.0000% / 8h | 4h 42m | $902K | $5.6M | 2.2x |
Arcus ZEC-USD
Kalshi KXZECPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.063% → −0.008%
- −$5.44
- Slippage, 4 orders
- −$18.2
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$59.14
- Costs to cover
- 0.327%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 2 min ago; Kalshi: live order book, 1 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 Arcus live order book, 2 min ago | 0.00 bp | 2.3 bp −$2 | 5.7 bp −$57 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 1 min ago | 4.38 bp | 9.4 bp −$9 | 15.5 bp −$155 | 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 | −0.3089% | 1h | 1,471.5 | −0.114% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,469.8 | −0.227% | $17.9M | $44.4M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0205% | 1h | 1,470.5 | −0.181% | $398K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0105% | 8h | 1,472 | −0.081% | $29.6M | $75.4M | 75x | as long as short |
| Bybit ZECUSDT | −0.0098% | 8h | 1,470 | −0.218% | $274.6M | $657.2M | 75x | as long as short |
| ApeX Omni ZECUSDT | −0.0097% | 1h | 1,469.5 | −0.252% | $431K | $831K | 50x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.1 | −0.071% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0043% | 8h | 1,468.6 | −0.310% | $46.8M | $33.7M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.8 | −0.021% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERPshort | 0.0000% | 8h | 1,472.2 | −0.063% | $902K | $5.6M | 2.2x |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Bybit ZECUSDT
ApeX Omni ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,471.9 | −0.088% | $84K | $404K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,471.6 | −0.107% | $614K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.2 | −0.131% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0010% | 8h | 1,470.9 | −0.153% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,470.7 | −0.170% | $4.6M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,472.2 | −0.067% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0037% | 8h | 1,470.6 | −0.177% | $180.6M | $1.34B | 50x | as long as short |
| Gate ZEC_USDT | +0.0045% | 8h | 1,471.9 | −0.086% | $51.4M | $185.6M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,471.1 | −0.138% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,471.3 | −0.129% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,471.7 | −0.098% | $177K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,470.8 | −0.158% | $13K | $837K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472 | −0.082% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.4 | −0.050% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.9 | −0.018% | $763.6M | $475.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.4 | −0.117% | $15.1M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.5 | −0.047% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470 | −0.213% | $681.6M | $2.46B | 75x | as long as short |
| Arcus ZEC-USDlong | +0.0100% | 1h | 1,473.2 | long leg | $720K | $8.3M | 10x | |
| Bulk ZEC-USD | +0.0100% | 1h | 1,472 | −0.078% | $908K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.8 | −0.092% | $229.3M | $834.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.2 | −0.067% | $103.9M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.9 | −0.155% | $162.9M | $302.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,470.7 | −0.168% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469.5 | −0.250% | $513K | $9.3M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,469.7 | −0.233% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473 | −0.008% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,471.9 | −0.086% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.4 | −0.120% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,469.4 | −0.258% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.2 | +0.070% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,469.7 | −0.232% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.6 | −0.103% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.5 | −0.184% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.3 | −0.191% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.1 | −0.208% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,472.5 | −0.045% | $826K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,474 | +0.058% | $3.8M | $10.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0437% | 1h | 1,473.5 | +0.020% | $2.4M | $3.7M | 15x | as long as short |
| Lighter RH ZEC | +0.0504% | 1h | 1,472.1 | −0.075% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0674% | 1h | 1,472.8 | −0.022% | $46K | $47K | 10x | as long as short |
Perpl ZEC
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
Phoenix ZEC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
GMX ZEC/USD [WBTC.b-USDC]
Lighter ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD