Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%

Price spread now: Polymarket Perps against Kalshi−0.028%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Kalshi Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.028%, 7d avg −0.047%

Together, before fees−0.115%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.116%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXZECPERP	1,463.6	0	get 0.0000% / 8h	6h 45m	$1.5M	$4.4M	2.2x
Short	Polymarket Perps ZEC-USD	1,463.2	0.0100	get 0.0013% / 1h	45m 57s	$358K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.028%Rate

Funding earned: $21
Price spread: −0.028% → −0.047%: $1.95
Slippage, 4 orders: −$15.24
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$10.29
Costs to cover: 0.332%
Break-even: 10.4 days

Slippage from Kalshi: live order book, 3 min ago; Polymarket Perps: 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 Kalshi live order book, 3 min ago	4.67 bp	9.7 bp −$10	17.1 bp −$171	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	1.71 bp	7.6 bp −$8	10.6 bp −$106	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	−0.3243%	1h	1,467.5	+0.263%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,464.1	+0.036%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,462.3	−0.092%	$29.6M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,462	−0.113%	$406K	$37K	5x	as long as short
Kalshi KXZECPERPlong	0.0000%	8h	1,463.6	long leg	$1.5M	$4.4M	2.2x
Perpl ZEC	0.0000%	43m	1,462.3	−0.087%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.6	−0.001%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,463.2	−0.031%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,463.5	−0.011%	$292K	$900K	20x	as long as short
Phoenix ZEC	+0.0092%	1h	1,468.3	+0.317%	$4.7M	$1.3M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0094% / S −0.0047%	1h	1,463.9	+0.019%	$436K	—	100x	as long as short
Bybit ZECUSDT	+0.0096%	8h	1,462.1	−0.105%	$260.9M	$589.5M	75x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,465	+0.094%	$2.1M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,463	−0.042%	$173K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,463.3	−0.020%	$13K	$805K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462	−0.107%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,463.5	−0.006%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,464.7	+0.074%	$762.6M	$419.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,462.7	−0.064%	$14.4M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462	−0.113%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,462.7	−0.061%	$674.8M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,462.4	−0.084%	$178.1M	$1.20B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,463.4	−0.014%	$397K	$429K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,464.4	+0.055%	$885K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,463	−0.041%	$52.7M	$170.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,462.8	−0.053%	$217.9M	$758.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,463.3	−0.025%	$103.0M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,462.9	−0.046%	$165.7M	$267.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,461.8	−0.127%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,462.5	−0.075%	$48.0M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,467.4	+0.256%	$573K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.6	+0.338%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.8	+0.420%	$406K	$923K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,466.1	+0.167%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,463.2	−0.028%	$358K	$1.7M	10x
Bullet ZEC-USD	+0.0100%	1h	1,463.9	+0.018%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.4	−0.082%	$446K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,465.4	+0.125%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,463.3	−0.020%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,462.6	−0.066%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,463.9	+0.017%	$3.9M	$4.7M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,462.7	−0.061%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.6	+0.001%	$47K	$151K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0118%	1h	1,464.4	+0.057%	$616K	$1.3M	25x	as long as short
Lighter ZEC	+0.0128%	1h	1,464.8	+0.083%	$19.3M	$43.8M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0147%	1h	1,463.4	−0.014%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,463.1	−0.035%	$925K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0287%	1h	1,464	+0.025%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,464.7	+0.077%	$3.7M	$9.2M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,464.2	+0.041%	$673K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0680%	1h	1,465.7	+0.144%	$45K	$49K	10x	as long as short