Funding you earn now, next payment 01:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h −0.004%
Price spread now: Polymarket Perps against GMX−0.044%7-day average −0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.050%+$5 on $10k
+Price spread, last 3 days (all we have)−0.057%−$6 · spread now −0.044%, 7d avg −0.042%
=The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZEC/USD [WBTC.b-USDC] | 1,471.7 | L +0.0055% / S −0.0010% | pay 0.0007% / 1h | 40m 24s | $378K | — | 100x |
| Short | Polymarket Perps ZEC-USD | 1,471.1 | 0.0100 | get 0.0013% / 1h | 40m 24s | $332K | $1.8M | 10x |
GMX ZEC/USD [WBTC.b-USDC]
Polymarket Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against GMX. 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
- $9.54
- Price spread: −0.044% → −0.042%
- −$0.16
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$10.62
- Costs to cover
- 0.200%
- Break-even
- 14.8 days
Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 3 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 3 min ago | 3.06 bp | 7.1 bp −$7 | 11.6 bp −$116 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3321% | 1h | 1,473.9 | +0.144% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0342% | 1h | 1,471.5 | −0.019% | $17.9M | $43.1M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0144% | 1h | 1,471.2 | −0.037% | $399K | $519K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0103% | 8h | 1,470 | −0.120% | $29.7M | $73.6M | 75x | as long as short |
| Bybit ZECUSDT | −0.0082% | 8h | 1,470.9 | −0.060% | $274.8M | $639.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,469.7 | −0.139% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0058% | 8h | 1,471.8 | +0.001% | $47.7M | $34.3M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,469.7 | −0.140% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,471.6 | −0.011% | $959K | $5.4M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,470.8 | −0.062% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Bybit ZECUSDT
Hotstuff ZEC-PERP
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,471.9 | +0.009% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,471.1 | −0.044% | $294K | $1.4M | 20x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0042% | 8h | 1,471.2 | −0.039% | $181.9M | $1.31B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,471.1 | −0.043% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L +0.0055% / S −0.0010% | 1h | 1,471.7 | long leg | $378K | — | 100x | |
| 01 Exchange ZECUSD | +0.0056% | 1h | 1,470.2 | −0.106% | $8K | $8K | 5x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.4 | −0.094% | $176K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,470.5 | −0.086% | $60K | $39K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,470.4 | −0.089% | $14K | $836K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,470.9 | −0.057% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472.9 | +0.078% | $764.3M | $460.0M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,471.1 | −0.044% | $14.9M | $32.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,470.9 | −0.061% | $1.7M | $2.9M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,471.5 | −0.014% | $684.9M | $2.40B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,471.7 | −0.004% | $699K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,471.6 | −0.013% | $51.5M | $178.7M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,471.5 | −0.014% | $231.1M | $823.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470.4 | −0.092% | $105.3M | $55.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.3 | −0.034% | $163.6M | $294.9M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,471.7 | 0.000% | — | $101.0M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,471.5 | −0.014% | $573K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,472.6 | +0.060% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,475.9 | +0.282% | $432K | $859K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.4 | −0.089% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USDshort | +0.0100% | 1h | 1,471.1 | −0.044% | $332K | $1.8M | 10x | |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.4 | −0.022% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,469.6 | −0.149% | $458K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473.8 | +0.137% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,471.2 | −0.041% | $242K | $4.1M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470.7 | −0.068% | $2.5M | $21.6M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,470.9 | −0.056% | $3.9M | $5.4M | 50x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,474.3 | +0.176% | $897K | $28K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,471.5 | −0.015% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471.6 | −0.008% | $70K | $175K | 20x | as long as short |
| Lighter ZEC | +0.0120% | 1h | 1,472 | +0.018% | $19.2M | $50.3M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0188% | 1h | 1,472.4 | +0.043% | $614K | $1.3M | 25x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,471.2 | −0.039% | $841K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,473.8 | +0.137% | $3.8M | $10.2M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0570% | 1h | 1,470 | −0.121% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0774% | 1h | 1,472.9 | +0.078% | $44K | $48K | 10x | as long as short |
| Lighter RH ZEC | +0.0776% | 1h | 1,472.9 | +0.075% | $2.0M | $8.0M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
OKX ZEC-USDT-SWAP
Phoenix ZEC
01 Exchange ZECUSD
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
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
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC