Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.081%

Price spread now: ApeX Omni against Kalshi−0.030%78s7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.434% of the position

Long on Kalshi Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−1.022%−$102 on $10k

Price spread, last 7 days−0.179%−$18 · spread now −0.030%, 7d avg −0.165%

Together, before fees−1.201%−$120 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.135% dearer against Kalshi than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.165%. Mind the row above: over the last 7 days funding on this pair cost −1.022%, so the current rate has only just turned in your favour. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXZECPERP	1,474.7	0	get 0.0000% / 8h	3h 47m	$960K	$5.6M	2.2x
Short	ApeX Omni ZECUSDT	1,474.3	0.0100	get 0.0013% / 1h	47m 48s	$431K	$858K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.030%Rate

Funding earned: $21
Price spread: −0.030% → −0.165%: $13.55
Slippage, 4 orders: −$23.36
Fee Kalshi: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.82
Costs to cover: 0.434%
Break-even: 9.9 days

Slippage from Kalshi: live order book, 1 min ago; ApeX Omni: live order book, 26 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 Kalshi live order book, 1 min ago	6.89 bp	11.9 bp −$12	16.9 bp −$169	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 26 min ago	2.92 bp	11.7 bp −$12	33.4 bp −$334	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	−0.3321%	1h	1,475.3	+0.035%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,473.8	−0.061%	$18.0M	$43.5M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0180%	1h	1,473.4	−0.090%	$400K	$517K	5x	as long as short
BloFin ZEC-USDT	−0.0103%	8h	1,474.7	−0.005%	$29.5M	$74.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.4	−0.087%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0061%	8h	1,473.2	−0.104%	$47.9M	$34.4M	—	as long as short
Bybit ZECUSDT	−0.0016%	8h	1,473.5	−0.084%	$275.1M	$644.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,474.3	−0.028%	$415K	$104K	5x	as long as short
Kalshi KXZECPERPlong	0.0000%	8h	1,474.7	long leg	$960K	$5.6M	2.2x
Perpl ZEC	0.0000%	43m	1,472.9	−0.121%	$84K	$405K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,473.9	−0.058%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,473.7	−0.068%	$294K	$1.4M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,473.9	−0.055%	$181.9M	$1.33B	50x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,473.3	−0.096%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0054%	1h	1,474.9	+0.010%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,473.7	−0.067%	$379K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.8	−0.130%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,473.6	−0.075%	$13K	$848K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,473.2	−0.105%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,473.6	−0.080%	$2.6M	$6.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,475.3	+0.042%	$765.1M	$459.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474.2	−0.033%	$15.0M	$32.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,474.2	−0.039%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.2	−0.036%	$684.6M	$2.43B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,474.8	+0.006%	$691K	$8.5M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,474.3	−0.028%	$51.5M	$178.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.4	−0.024%	$231.6M	$822.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.4	−0.024%	$105.1M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,474.3	−0.032%	$163.8M	$298.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,474.4	−0.020%	—	$101.2M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475.8	+0.074%	$575K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,477.2	+0.169%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,474.3	−0.030%	$431K	$858K	50x
StandX ZEC-USD	+0.0100%	1h	1,475.6	+0.060%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,473.4	−0.090%	$334K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.6	−0.079%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472	−0.188%	$459K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475.5	+0.055%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,473.8	−0.066%	$243K	$4.3M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473.2	−0.101%	$2.5M	$22.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.2	−0.036%	$3.9M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.3	−0.026%	$897K	$28K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,474.5	−0.016%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,474	−0.051%	$82K	$190K	20x	as long as short
Lighter ZEC	+0.0112%	1h	1,475.4	+0.049%	$19.2M	$50.2M	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,473.6	−0.074%	$842K	$1.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0245%	1h	1,474.9	+0.010%	$615K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,475.6	+0.059%	$3.8M	$10.5M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0614%	1h	1,474.7	−0.005%	$2.5M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0696%	1h	1,476.3	+0.107%	$2.0M	$8.0M	10x	as long as short
Aftermath Perps ZECUSD	+0.0783%	1h	1,474.8	+0.006%	$44K	$48K	10x	as long as short