Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: Polymarket Perps against Bulk+0.159%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$7as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on Bulk Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.491%−$49 · spread now +0.159%, 7d avg +0.029%

Together, before fees−0.460%−$46 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 0.130% dearer against Bulk than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ZEC-USD	1,462.7	0.0100	pay 0.0013% / 1h	41m 27s	$884K	$17K	10x
Short	Polymarket Perps ZEC-USD	1,465	0.0100	get 0.0013% / 1h	41m 27s	$359K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bulk. 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 BulkbpFee Polymarket PerpsbpOrdersPrice spread, now +0.159%Rate

Funding earned: $0
Price spread: +0.159% → +0.029%: $13.01
Slippage, 4 orders: −$4.74
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$6.73
Costs to cover: 0.197%
Break-even: never at this rate

Slippage from Bulk: live order book, 8 min ago; Polymarket Perps: live order book, 2 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 Bulk live order book, 8 min ago	0.34 bp	3.8 bp −$4	3.8 bp −$38	5.1 bp −$513	7.7 bp −$3,828
Sell Polymarket Perps live order book, 2 min ago	1.37 bp	6.7 bp −$7	10.5 bp −$105	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	1,463.2	+0.033%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.8	+0.079%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0068%	8h	1,464.7	+0.137%	$29.9M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,464.9	+0.153%	$407K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,465	+0.158%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,464.6	+0.128%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,465.2	+0.174%	$5.2M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0016%	1h	1,465.5	+0.189%	$617K	$1.3M	25x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,465.6	+0.198%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,464.7	+0.139%	$293K	$902K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0090%	8h	1,464.7	+0.136%	$261.3M	$588.5M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,464.1	+0.096%	$4.7M	$1.3M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0095% / S −0.0048%	1h	1,464.9	+0.151%	$437K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,465.2	+0.174%	$174K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,464.9	+0.149%	$13K	$811K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,465.4	+0.186%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,465.7	+0.204%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,466.1	+0.234%	$763.1M	$419.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,465.1	+0.165%	$14.4M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,465.3	+0.177%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,465.2	+0.175%	$676.0M	$2.16B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,465	+0.159%	$178.3M	$1.20B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,462.5	−0.012%	$397K	$429K	5x	as long as short
Bulk ZEC-USDlong	+0.0100%	1h	1,462.7	long leg	$884K	$17K	10x
Gate ZEC_USDT	+0.0100%	8h	1,465	+0.157%	$52.7M	$170.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,465.2	+0.170%	$218.4M	$759.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,464.9	+0.153%	$103.3M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,465.4	+0.187%	$165.9M	$267.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,464.9	+0.148%	—	$107.8M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,462.5	−0.011%	$48.0M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,463.6	+0.064%	$569K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,463.1	+0.029%	$3.0M	$467K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,464.9	+0.148%	$405K	$925K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,464.6	+0.132%	$49K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,465	+0.159%	$359K	$1.7M	10x
Bullet ZEC-USD	+0.0100%	1h	1,464.8	+0.148%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,463.8	+0.075%	$447K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,465.6	+0.199%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,464.5	+0.122%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,463.7	+0.070%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.7	+0.137%	$3.9M	$4.8M	50x	as long as short
Lighter RH ZEC	+0.0104%	1h	1,466.7	+0.271%	$2.1M	$7.1M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,465.3	+0.179%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,464.5	+0.124%	$47K	$151K	20x	as long as short
Lighter ZEC	+0.0112%	1h	1,466.2	+0.239%	$19.4M	$43.8M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0147%	1h	1,464.3	+0.112%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,465.5	+0.190%	$926K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0285%	1h	1,465.2	+0.173%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,466.1	+0.232%	$3.7M	$9.2M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,466.3	+0.248%	$669K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0674%	1h	1,465.4	+0.188%	$45K	$49K	10x	as long as short