Funding you earn now, next payment 03:00 UTC−0.0005%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Deribit−0.112%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$330.331% of the position
Funding, last 7 days−0.175%−$17 on $10k
+Price spread, last 4 days (all we have)−1.441%−$144 · spread now −0.112%, 7d avg −0.078%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.033% cheaper against Deribit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ZEC_USDC-PERPETUAL | 1,460.2 | 0.0105 | pay 0.0013% / 1h | 41m 32s | $608K | $1.3M | 25x |
| Short | Polymarket Perps ZEC-USD | 1,458.6 | 0.0100 | get 0.0013% / 1h | 41m 32s | $324K | $1.8M | 10x |
Deribit ZEC_USDC-PERPETUAL
Polymarket Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Deribit. 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
- −$1.11
- Price spread: −0.112% → −0.078%
- −$3.31
- Slippage, 4 orders
- −$18.13
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$37.55
- Costs to cover
- 0.331%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 2 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 Deribit live order book, 2 min ago | 3.97 bp | 8.8 bp −$9 | 15.9 bp −$159 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 3.77 bp | 9.1 bp −$9 | 11.6 bp −$116 | 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 | −0.3244% | 1h | 1,462 | +0.118% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,458 | −0.153% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0078% | 8h | 1,459.5 | −0.051% | $29.6M | $71.0M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,457.4 | −0.191% | $410K | $45K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,459.6 | −0.042% | $963K | $4.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,459.3 | −0.066% | $83K | $249K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,459.4 | −0.057% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0038% | 8h | 1,459.5 | −0.047% | $292K | $977K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0009% | 1h | 1,459.2 | −0.071% | $378K | — | 100x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0059% | 1h | 1,459 | −0.084% | $396K | $433K | 5x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Ondo Perps ZEC-USD.PShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix ZEC | +0.0074% | 1h | 1,459.6 | −0.043% | $4.6M | $1.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,456.7 | −0.239% | $173K | $1.8M | 50x | as long as short |
| Variational Omni ZEC | +0.0098% | 8h | 1,459.8 | −0.027% | $47.4M | $31.8M | — | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,457.2 | −0.205% | $18K | $835K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,457 | −0.223% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,457.3 | −0.203% | $2.6M | $6.5M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,458 | −0.153% | $759.9M | $433.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,456.7 | −0.244% | $14.4M | $28.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,457.3 | −0.201% | $1.7M | $2.6M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,457.2 | −0.205% | $669.0M | $2.25B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,456.9 | −0.229% | $268.9M | $607.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,457.1 | −0.212% | $179.6M | $1.23B | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,458.7 | −0.108% | $886K | $16K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,456.8 | −0.236% | $50.0M | $170.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,456.9 | −0.231% | $215.3M | $771.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,457.2 | −0.205% | $102.4M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,457.1 | −0.216% | $161.6M | $275.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,457.1 | −0.215% | — | $97.0M | — | as long as short |
| Backpack ZEC_USDC_PERP | +0.0100% | 1h | 1,459.4 | −0.060% | $2.4M | $3.8M | 15x | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,459.6 | −0.043% | $568K | $8.8M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,459.3 | −0.066% | $3.0M | $418K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,458.9 | −0.094% | $420K | $883K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,459.5 | −0.052% | $70K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USDshort | +0.0100% | 1h | 1,458.6 | −0.112% | $324K | $1.8M | 10x | |
| Bullet ZEC-USD | +0.0100% | 1h | 1,459.1 | −0.079% | $126K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,458.4 | −0.122% | $445K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,462 | +0.124% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,459.3 | −0.066% | $240K | $3.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,458.3 | −0.131% | $2.6M | $18.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,459.5 | −0.048% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,456.8 | −0.235% | $2.8M | $7.7M | 10x | as long as short |
| 01 Exchange ZECUSD | +0.0104% | 1h | 1,457.2 | −0.209% | $8K | $7K | 5x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,458.9 | −0.094% | $48K | $155K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUALlong | +0.0105% | 1h | 1,460.2 | long leg | $608K | $1.3M | 25x | |
| Kraken Futures PF_ZECUSD | +0.0195% | 1h | 1,459.2 | −0.071% | $18.0M | $43.7M | 25x | as long as short |
| Lighter ZEC | +0.0208% | 1h | 1,458.3 | −0.130% | $19.1M | $46.0M | 20x | as long as short |
| Arcus ZEC-USD | +0.0277% | 1h | 1,459.4 | −0.059% | $716K | $8.5M | 10x | as long as short |
| Lighter RH ZEC | +0.0328% | 1h | 1,458.8 | −0.096% | $2.0M | $6.8M | 10x | as long as short |
| RISEx ZEC/USDC | +0.0409% | 1h | 1,457.4 | −0.194% | $827K | $1.0M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0456% | 1h | 1,461.3 | +0.073% | $3.6M | $9.0M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0716% | 1h | 1,461.6 | +0.093% | $43K | $46K | 10x | as long as short |
Phoenix ZEC
Popdex ZECUSDT
Variational Omni ZEC
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Bulk ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Backpack ZEC_USDC_PERP
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
01 Exchange ZECUSD
Aevo ZEC-PERP
Kraken Futures PF_ZECUSD
Lighter ZEC
Arcus ZEC-USD
Lighter RH ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD