Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Phemex against Kalshi−0.001%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.329%+$33 · spread now −0.001%, 7d avg +0.010%
=The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXZECPERP | 1,472.8 | 0 | get 0.0000% / 8h | 4h 39m | $903K | $5.6M | 2.2x |
| Short | Phemex ZECUSDT | 1,472.8 | 0.0100 | get 0.0100% / 8h | 39m 14s | $3.9M | $5.3M | 50x |
Kalshi KXZECPERP
Phemex ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $21
- Price spread: −0.001% → +0.010%
- −$1.09
- Slippage, 4 orders
- −$34.58
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$36.66
- Costs to cover
- 0.566%
- Break-even
- 19.2 days
Slippage from Kalshi: live order book, 4 min ago; Phemex: live order book, 5 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, 4 min ago | 4.38 bp | 13.5 bp −$13 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.97 bp | 19.5 bp −$20 | 33.0 bp −$330 | 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 | 1,474.3 | +0.103% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0225% | 1h | 1,472.5 | −0.022% | $17.9M | $44.3M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0208% | 1h | 1,470.5 | −0.157% | $399K | $516K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0102% | 8h | 1,472.2 | −0.043% | $29.6M | $75.4M | 75x | as long as short |
| Bybit ZECUSDT | −0.0100% | 8h | 1,471.8 | −0.072% | $275.0M | $657.0M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,471.8 | −0.068% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0047% | 8h | 1,470.3 | −0.174% | $46.9M | $33.7M | — | as long as short |
| ApeX Omni ZECUSDT | −0.0037% | 1h | 1,471.9 | −0.062% | $431K | $831K | 50x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.6 | −0.015% | $415K | $104K | 5x | as long as short |
| Kalshi KXZECPERPlong | 0.0000% | 8h | 1,472.8 | long leg | $903K | $5.6M | 2.2x |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
ApeX Omni ZECUSDT
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 | 1,472.6 | −0.016% | $84K | $404K | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,473.2 | +0.025% | $614K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,472.7 | −0.006% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0011% | 8h | 1,472.4 | −0.026% | $294K | $1.4M | 20x | as long as short |
| Phoenix ZEC | +0.0024% | 1h | 1,473.5 | +0.044% | $4.7M | $1.6M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,472.9 | +0.003% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0035% | 8h | 1,472.4 | −0.029% | $180.6M | $1.35B | 50x | as long as short |
| Gate ZEC_USDT | +0.0046% | 8h | 1,472.3 | −0.037% | $50.8M | $186.1M | 75x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,472.6 | −0.018% | $372K | — | 100x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,474.1 | +0.088% | $19.1M | $52.1M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.5 | −0.021% | $176K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0097% | 8h | 1,470.8 | −0.134% | $13K | $835K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.6 | −0.082% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.8 | +0.002% | $2.6M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,473.7 | +0.060% | $763.9M | $473.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,472.3 | −0.036% | $15.0M | $32.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.1 | −0.050% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.4 | −0.025% | $682.7M | $2.46B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.5 | +0.046% | $718K | $8.3M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,473.1 | +0.018% | $909K | $26K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,472.4 | −0.025% | $230.3M | $835.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,472.5 | −0.022% | $103.9M | $56.0M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,472.4 | −0.029% | $163.1M | $302.4M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,471.4 | −0.098% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,471.1 | −0.117% | $512K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,473.3 | +0.030% | $3.0M | $454K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,473.4 | +0.038% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,472.4 | −0.028% | $346K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,472.2 | −0.039% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,470.9 | −0.132% | $448K | $498K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.9 | +0.139% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,472.3 | −0.035% | $238K | $4.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.6 | −0.079% | $2.5M | $23.1M | 75x | as long as short |
| Phemex ZECUSDTshort | +0.0100% | 8h | 1,472.8 | −0.001% | $3.9M | $5.3M | 50x | |
| Extended ZEC-USD | +0.0104% | 1h | 1,472.8 | −0.004% | $3.3M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,472.3 | −0.036% | $37K | $366K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0132% | 1h | 1,472.9 | +0.007% | $826K | $1.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0432% | 1h | 1,474.4 | +0.107% | $3.8M | $10.7M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0438% | 1h | 1,473.5 | +0.050% | $2.4M | $3.7M | 15x | as long as short |
| Lighter RH ZEC | +0.0496% | 1h | 1,474.6 | +0.121% | $2.0M | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0688% | 1h | 1,473.1 | +0.019% | $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
Arcus ZEC-USD
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
Extended ZEC-USD
Aevo ZEC-PERP
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Lighter RH ZEC
Aftermath Perps ZECUSD