Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Polymarket Perps against Binance+0.008%46s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.232% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.008%, 7d avg −0.018%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.026% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,490.6	0.0100	pay 0.0100% / 8h	58m 44s	$695.1M	$2.32B	75x
Short	Polymarket Perps ZEC-USD	1,490.7	0.0100	get 0.0013% / 1h	58m 44s	$357K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.018%: $2.57
Slippage, 4 orders: −$5.17
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$20.6
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Binance: live order book, 15 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 Binance live order book, 15 min ago	0.03 bp	5.1 bp −$5	7.6 bp −$76	21.0 bp −$2,103	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.34 bp	5.3 bp −$5	9.6 bp −$96	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	−0.3442%	1h	1,481	−0.644%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,490.3	−0.016%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0144%	8h	1,491.3	+0.046%	$30.8M	$75.0M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0085%	1h	1,490.3	−0.019%	$407K	$552K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,489.3	−0.086%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0019%	1h	1,493	+0.161%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,490.4	−0.014%	$414K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,491.3	+0.045%	$1.5M	$4.7M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,491.5	+0.064%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,491.7	+0.073%	$18.1M	$46.5M	25x	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	+0.0062%	1h	1,492.1	+0.099%	$681K	$1.4M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0081%	8h	1,491.2	+0.039%	$300K	$1.1M	20x	as long as short
Bulk ZEC-USD	+0.0085%	1h	1,492.9	+0.157%	$902K	$7K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,491.2	+0.040%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,490.9	+0.019%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,491.8	+0.079%	$61K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,491.7	+0.076%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,491	+0.028%	$778.4M	$447.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,490	−0.041%	$13.9M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,490.8	+0.014%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,490.6	long leg	$695.1M	$2.32B	75x
Bybit ZECUSDT	+0.0100%	8h	1,490.3	−0.020%	$267.2M	$629.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,491.2	+0.039%	$181.4M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,490.4	−0.015%	$55.0M	$181.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,490.7	+0.009%	$241.4M	$784.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,489.9	−0.043%	$102.6M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,491.9	+0.086%	$160.5M	$289.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,491.6	+0.068%	—	$118.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,489.9	−0.045%	$48.8M	$34.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,491.9	+0.090%	$571K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,490	−0.039%	$3.1M	$499K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,491.8	+0.083%	$411K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,491.2	+0.043%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,490.7	+0.008%	$357K	$1.7M	10x
Bullet ZEC-USD	+0.0100%	1h	1,491.5	+0.064%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.1	+0.167%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,493.6	+0.201%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,491.3	+0.050%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,491	+0.030%	$2.7M	$20.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,491.9	+0.090%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,491.9	+0.089%	$2.7M	$7.9M	10x	as long as short
01 Exchange ZECUSD	+0.0104%	1h	1,491.6	+0.068%	$8K	$7K	5x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,491.3	+0.047%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,492.2	+0.108%	$940K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,490.5	−0.006%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0139% / S −0.0136%	1h	1,491.5	+0.061%	$392K	—	100x	as long as short
Lighter RH ZEC	+0.0192%	1h	1,491.6	+0.066%	$2.1M	$7.3M	10x	as long as short
Lighter ZEC	+0.0264%	1h	1,491.9	+0.086%	$19.6M	$44.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0398%	1h	1,492.2	+0.111%	$2.3M	$3.9M	15x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,493	+0.163%	$621K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,493.9	+0.223%	$3.7M	$10.1M	50x	as long as short