ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.114%

Price spread now: Polymarket Perps against ApeX Omni−0.200%7-day average +0.112% · 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−$77as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.915%+$92 on $10k

Price spread, last 7 days+0.117%+$12 · spread now −0.200%, 7d avg +0.112%

Together, before fees+1.032%+$103 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.312% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.200% now, against its 7-day average of +0.112%). If the spread goes back, that is −$31 on $10k: about 11 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.915% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZECUSDT	1,466.5	0.0007	pay 0.0001% / 1h	38m 49s	$431K	$820K	50x
Short	Polymarket Perps ZEC-USD	1,463.6	0.0100	get 0.0013% / 1h	38m 49s	$344K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. 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 ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now −0.200%Rate

Funding earned: $19.54
Price spread: −0.200% → +0.112%: −$31.18
Slippage, 4 orders: −$28.03
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$57.67
Costs to cover: 0.460%
Break-even: 27.7 days

Slippage from ApeX Omni: live order book, 45 min ago; Polymarket Perps: 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 ApeX Omni live order book, 45 min ago	2.89 bp	7.9 bp −$8	30.7 bp −$307	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.36 bp	6.0 bp −$6	9.1 bp −$91	28.4 bp −$2,843	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	−0.3310%	1h	1,465.8	−0.053%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0405%	1h	1,463.1	−0.232%	$17.8M	$44.7M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0234%	1h	1,466	−0.036%	$398K	$520K	5x	as long as short
BloFin ZEC-USDT	−0.0088%	8h	1,462.7	−0.265%	$29.1M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.2	−0.227%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0051%	8h	1,462.1	−0.302%	$271.0M	$673.6M	75x	as long as short
Variational Omni ZEC	−0.0026%	8h	1,465.3	−0.087%	$46.6M	$34.0M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,462.6	−0.267%	$412K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,464.4	−0.145%	$887K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,463.2	−0.230%	$83K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,463.8	−0.185%	$596K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,464.1	−0.167%	$5.2M	—	150x	as long as short
ApeX Omni ZECUSDTlong	+0.0007%	1h	1,466.5	long leg	$431K	$820K	50x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0009% / S +0.0079%	1h	1,463.9	−0.179%	$541K	—	100x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,463.2	−0.228%	$292K	$1.5M	20x	as long as short
Bulk ZEC-USD	+0.0030%	1h	1,466	−0.035%	$905K	$27K	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0045%	8h	1,462.5	−0.275%	$175.6M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0046%	8h	1,462.2	−0.298%	$49.9M	$184.6M	75x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,464.1	−0.164%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,468.3	+0.123%	$4.6M	$1.6M	10x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,464.7	−0.127%	$14K	$862K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,463.5	−0.208%	$173K	$1.9M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462.3	−0.286%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,464.2	−0.156%	$2.5M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,462.9	−0.248%	$758.1M	$484.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,462	−0.312%	$15.6M	$33.3M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.8	−0.257%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,462.3	−0.290%	$673.7M	$2.50B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,462.4	−0.284%	$221.0M	$858.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,462	−0.312%	$103.0M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,461.8	−0.325%	$161.6M	$307.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,462.7	−0.260%	—	$103.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,465.9	−0.045%	$510K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,464.7	−0.127%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,465.4	−0.078%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,463.6	−0.200%	$344K	$1.9M	10x
Bullet ZEC-USD	+0.0100%	1h	1,463.6	−0.200%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,461.8	−0.325%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,465.2	−0.089%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,462.9	−0.250%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,462.5	−0.272%	$2.5M	$24.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,463.7	−0.192%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,462.5	−0.274%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.7	−0.190%	$36K	$367K	20x	as long as short
Lighter ZEC	+0.0112%	1h	1,464	−0.170%	$18.9M	$52.5M	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,463.7	−0.190%	$842K	$1.8M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0213%	1h	1,463	−0.241%	$2.3M	$3.9M	15x	as long as short
Lighter RH ZEC	+0.0392%	1h	1,464.1	−0.166%	$2.0M	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,466.4	−0.012%	$3.7M	$11.7M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,464.9	−0.113%	$737K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0529%	1h	1,465.8	−0.047%	$41K	$34K	10x	as long as short