Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment $1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Kalshi against SunX−0.188%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1431.433% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.208%−$21 on $10k
Price spread, last 4 days (all we have)−0.221%−$22 · spread now −0.188%, 7d avg −0.082%
Together, before fees−0.429%−$43 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 0.106% cheaper against SunX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.082%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEC-USDT1,4550.0100pay 0.0100% / 8h4h 38m$3K$1.2M20x
ShortKalshi KXZECPERP1,452.20get 0.0000% / 8h38m 06s$1.5M$4.5M2.2x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against SunX. 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
−$21
Price spread: −0.188% → −0.082%
−$10.6
Slippage, 4 orders
−$125.28
Fee SunX: 4 bp × 2 orders
−$8
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$174.88
Costs to cover
1.433%
Break-even
never at this rate
Slippage from SunX: live order book, 5 min ago; Kalshi: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago29.02 bp50.4 bp −$50doesn't fitdoesn't fitdoesn't fit
Sell Kalshi live order book, 5 min ago7.38 bp12.4 bp −$1217.4 bp −$174doesn't fitdoesn't fit

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−0.3166%1h1,450−0.342%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,451.4−0.245%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0070%8h1,451.5−0.237%$29.2M$70.7M75xas long as short
dYdX ZEC-USD0.0000%1h1,451.2−0.257%$409K$39K5xas long as short
Kalshi KXZECPERPshort0.0000%8h1,452.2−0.188%$1.5M$4.5M2.2x
Perpl ZEC0.0000%43m1,451.1−0.267%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,452.3−0.186%$5.1M150xas long as short
Orderly PERP_ZEC_USDC+0.0061%8h1,452.5−0.173%$291K$957K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0066% / S −0.0016%1h1,452.1−0.193%$408K100xas long as short
01 Exchange ZECUSD+0.0080%1h1,452.5−0.172%$8K$7K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,452.8−0.149%$174K$1.7M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,452.1−0.197%$12K$874K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,452.1−0.200%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,452.2−0.187%$2.5M$6.3M10xas long as short
Hyperliquid ZEC+0.0100%1h1,453.3−0.114%$755.9M$431.9M10xas long as short
Aster ZECUSDT+0.0100%8h1,452.4−0.176%$14.4M$27.6M75xas long as short
Pacifica ZEC+0.0100%1h1,451.4−0.244%$1.6M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,452.4−0.175%$666.4M$2.22B75xas long as short
Bybit ZECUSDT+0.0100%8h1,451.8−0.217%$261.2M$601.6M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,452.4−0.179%$177.3M$1.22B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,452.1−0.197%$394K$440K5xas long as short
Bulk ZEC-USD+0.0100%1h1,450.7−0.293%$875K$29K10xas long as short
Gate ZEC_USDT+0.0100%8h1,452.6−0.163%$50.0M$173.2M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,452.3−0.181%$216.1M$770.1M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,452.8−0.148%$102.1M$54.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,452.6−0.162%$165.0M$273.5M75xas long as short
BingX ZEC-USDC+0.0100%8h1,451.5−0.235%$6.7Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,452.8−0.149%$2.4M$3.9M15xas long as short
Variational Omni ZEC+0.0100%8h1,449.4−0.380%$47.5M$32.8Mas long as short
edgeX ZECUSDC+0.0100%4h1,450.6−0.300%$565K$8.6M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,452.9−0.142%$3.0M$437K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,450.8−0.284%$403K$925K50xas long as short
StandX ZEC-USD+0.0100%1h1,452.4−0.175%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,451.9−0.210%$365K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,452.5−0.173%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,451.4−0.243%$443K$521K6.7xas long as short
SunX ZEC-USDTlong+0.0100%8h1,455long leg$3K$1.2M20x
SoDEX ZEC-USD+0.0100%1h1,452.4−0.179%$233K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,451.8−0.214%$2.6M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,451.8−0.217%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,452.1−0.198%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,451.7−0.222%$47K$151K20xas long as short
Phoenix ZEC+0.0123%1h1,450.5−0.309%$4.6M$1.3M10xas long as short
Kraken Futures PF_ZECUSD+0.0278%1h1,452.2−0.193%$18.0M$44.9M25xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0328%1h1,453.2−0.119%$608K$1.3M25xas long as short
Lighter ZEC+0.0336%1h1,453.4−0.106%$19.1M$45.9M20xas long as short
RISEx ZEC/USDC+0.0412%1h1,452.3−0.180%$919K$1.1M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,453.2−0.120%$3.8M$9.0M50xas long as short
Lighter RH ZEC+0.0488%1h1,453.9−0.071%$2.0M$6.9M10xas long as short
Arcus ZEC-USD+0.0626%1h1,450−0.343%$738K$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0675%1h1,451.6−0.233%$44K$49K10xas long as short