Funding you earn now, next payment 06:00 UTC+0.0508%/8h= +55.7% APRpaid last 24h +0.068%
Price spread now: Arcus against Kalshi−0.028%7-day average +0.011% · 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−$340.344% of the position
Funding, last 4 days (all we have)+0.165%+$17 on $10k
+Price spread, last 7 days+0.153%+$15 · spread now −0.028%, 7d avg +0.011%
=Funding pays, the price is against you. Arcus is 0.039% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.011%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$15 a day). At the pace of the last 4 days (+0.165% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.165% in total (about 16.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXZECPERP | 1,495.8 | 0 | get 0.0000% / 8h | 6h 01m | $1.6M | $4.6M | 2.2x |
| Short | Arcus ZEC-USD | 1,495.4 | 0.0508 | get 0.0064% / 1h | 1m 35s | $616K | $8.6M | 10x |
Kalshi KXZECPERP
Arcus ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Kalshi. 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
- $106.76
- Price spread: −0.028% → +0.011%
- −$3.89
- Slippage, 4 orders
- −$19.92
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $68.45
- Costs to cover
- 0.344%
- Break-even
- 2.5 days
Slippage from Kalshi: live order book, 2 min ago; Arcus: 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, 2 min ago | 6.92 bp | 11.9 bp −$12 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 3 min ago | 0.83 bp | 5.9 bp −$6 | 8.9 bp −$89 | 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 | 1,479.2 | −1.110% | $34K | $273K | 12x | as long as short |
| BloFin ZEC-USDT | −0.0117% | 8h | 1,495.8 | +0.002% | $30.7M | $74.0M | 75x | as long as short |
| Bulk ZEC-USD | −0.0102% | 1h | 1,494.5 | −0.083% | $903K | $15K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,495.5 | −0.017% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,493.8 | −0.134% | $415K | $35K | 5x | as long as short |
| Kalshi KXZECPERPlong | 0.0000% | 8h | 1,495.8 | long leg | $1.6M | $4.6M | 2.2x | |
| Perpl ZEC | 0.0000% | 43m | 1,494.6 | −0.079% | $85K | $239K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,495.1 | −0.048% | $5.3M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0070% | 8h | 1,494.6 | −0.081% | $300K | $1.1M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0080% | 1h | 1,494.3 | −0.101% | $8K | $7K | 5x | as long as short |
Injective ZEC/USDC PERP
BloFin ZEC-USDT
Bulk ZEC-USD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0092% | 1h | 1,500.8 | +0.336% | $4.8M | $1.3M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,494.3 | −0.101% | $153K | $1.7M | 50x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,494.5 | −0.082% | $2.8M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,495.4 | −0.025% | $779.6M | $438.5M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,494.2 | −0.104% | $14.2M | $29.5M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,494.1 | −0.111% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,494.5 | −0.088% | $695.2M | $2.28B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,494.1 | −0.112% | $274.8M | $621.3M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,493.9 | −0.122% | $181.3M | $1.31B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,495.1 | −0.045% | $406K | $480K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,494.2 | −0.103% | $54.1M | $182.6M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,494 | −0.117% | $232.3M | $785.8M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,494.2 | −0.104% | $103.0M | $56.1M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,494.2 | −0.105% | $161.3M | $285.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,494.1 | −0.110% | — | $114.0M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,498.3 | +0.172% | $49.0M | $33.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,494.1 | −0.112% | $571K | $8.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,496 | +0.014% | $3.1M | $477K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,495.8 | 0.000% | $414K | $930K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,495.7 | −0.005% | $57K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,493.9 | −0.125% | $361K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,495 | −0.051% | $164K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,493.7 | −0.138% | $456K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,497.1 | +0.086% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,494.7 | −0.072% | $254K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,493.6 | −0.146% | $2.6M | $19.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,495 | −0.052% | $4.0M | $5.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,494 | −0.119% | $62K | $43K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,494.6 | −0.081% | $12K | $858K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,494 | −0.118% | $2.8M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,494.5 | −0.082% | $45K | $149K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0109% / S −0.0086% | 1h | 1,494.7 | −0.073% | $404K | — | 100x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0144% | 1h | 1,494.8 | −0.063% | $18.1M | $46.2M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0154% | 1h | 1,494.6 | −0.079% | $933K | $1.2M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0198% | 1h | 1,495.4 | −0.028% | $711K | $1.4M | 25x | as long as short |
| Lighter ZEC | +0.0216% | 1h | 1,495.4 | −0.022% | $19.6M | $45.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0216% | 1h | 1,495.5 | −0.017% | $2.1M | $7.3M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0336% | 1h | 1,495.5 | −0.016% | $2.3M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0365% | 1h | 1,497.3 | +0.100% | $50K | $61K | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0496% | 1h | 1,497 | +0.081% | $3.7M | $9.9M | 50x | as long as short |
| Arcus ZEC-USDshort | +0.0508% | 1h | 1,495.4 | −0.028% | $616K | $8.6M | 10x |
Phoenix ZEC
Popdex ZECUSDT
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
GMX ZEC/USD [WBTC.b-USDC]
Kraken Futures PF_ZECUSD
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
Lighter RH ZEC
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Coinbase International ZEC-PERP-INTX