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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.3410%/8h= +373.4% APRnext payment +$4.26 per $10,000 · paid last 24h +0.425%
Price spread now: Polymarket Perps against Injective−0.104%7-day average −0.100% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+2.030%+$203 on $10k
Price spread, last 3 days (all we have)−0.611%−$61 · spread now −0.104%, 7d avg −0.100%
Together, before fees+1.418%+$142 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.100%, so right now this pair is about funding alone: +$102 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.030% in total (about 105.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ZEC/USDC PERP1,467.5−0.3310get 0.0414% / 1h12m 39s$34K$275K12x
ShortPolymarket Perps ZEC-USD1,4660.0100get 0.0013% / 1h12m 39s$345K$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$716.04
Price spread: −0.104% → −0.100%
−$0.36
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$707.66
Costs to cover
0.080%
Break-even
0.1 days
Slippage unknown: Injective: live order book, 6 min ago; Polymarket Perps: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 6 min ago64.22 bp489625.2 bp −$489.6K4953667.0 bp −$49.54M49304404.0 bp −$4930.44M245694928.0 bp −$122847.46M
Sell Polymarket Perps live order book, 1 min ago2.39 bp7.0 bp −$79.1 bp −$91doesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERPlong−0.3310%1h1,467.5long leg$34K$275K12x
Kraken Futures PF_ZECUSD−0.0404%1h1,467.6+0.008%$17.8M$44.5M25xas long as short
Ondo Perps ZEC-USD.P−0.0246%1h1,464.9−0.179%$397K$515K5xas long as short
BloFin ZEC-USDT−0.0101%8h1,467.8+0.019%$29.3M$75.5M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,467.6+0.004%$6K$2K10xas long as short
Bybit ZECUSDT−0.0071%8h1,467.2−0.023%$271.5M$666.0M75xas long as short
Variational Omni ZEC−0.0034%8h1,463.6−0.268%$46.6M$33.4M—as long as short
dYdX ZEC-USD0.0000%1h1,468.1+0.039%$413K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,467.7+0.013%$889K$5.6M2.2xas long as short
Perpl ZEC0.0000%43m1,466.1−0.095%$83K$404K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,467.8+0.020%$5.2M—150xas long as short
Orderly PERP_ZEC_USDC+0.0010%8h1,467.6+0.007%$293K$1.4M20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0037% / S +0.0009%1h1,467.5+0.001%$356K—100xas long as short
OKX ZEC-USDT-SWAP+0.0042%8h1,467.7+0.015%$177.3M$1.34B50xas long as short
Gate ZEC_USDT+0.0043%8h1,467.4−0.008%$49.9M$186.9M75xas long as short
01 Exchange ZECUSD+0.0064%1h1,468.5+0.063%$8K$8K5xas long as short
Phoenix ZEC+0.0075%1h1,465.1−0.165%$4.6M$1.6M10xas long as short
ApeX Omni ZECUSDT+0.0079%1h1,463.2−0.298%$429K$824K50xas long as short
Popdex ZECUSDT+0.0096%1h1,467.9+0.029%$174K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0096%8h1,468.5+0.066%$14K$824K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,467−0.035%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,467.9+0.024%$2.6M$6.8M10xas long as short
Hyperliquid ZEC+0.0100%1h1,468.8+0.087%$762.0M$479.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,467.6+0.008%$15.6M$32.5M75xas long as short
Pacifica ZEC+0.0100%1h1,467.9+0.028%$1.7M$3.0M10xas long as short
Binance ZECUSDT+0.0100%8h1,467.9+0.026%$677.1M$2.47B75xas long as short
Bulk ZEC-USD+0.0100%1h1,463.9−0.244%$903K$27K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,467.4−0.007%$223.0M$869.7M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,468.1+0.036%$103.7M$55.7M75xas long as short
Bitget ZECUSDT+0.0100%8h1,467.50.000%$162.8M$303.8M75xas long as short
BingX ZEC-USDC+0.0100%8h1,467.7+0.012%—$6.7M—as long as short
edgeX ZECUSDC+0.0100%4h1,464−0.241%$509K$9.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,464.3−0.219%$3.0M$481K10xas long as short
StandX ZEC-USD+0.0100%1h1,467.2−0.024%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USDshort+0.0100%1h1,466−0.104%$345K$1.9M10x
Bullet ZEC-USD+0.0100%1h1,466.7−0.057%$127K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,466.1−0.097%$447K$502K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,470.1+0.175%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,467.8+0.019%$223K$4.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,467−0.035%$2.5M$23.5M75xas long as short
Phemex ZECUSDT+0.0100%8h1,467.7+0.012%$3.8M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,467.7+0.013%$3.3M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,468+0.030%$37K$366K20xas long as short
Lighter ZEC+0.0120%1h1,468.8+0.090%$19.0M$52.7M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0137%1h1,468.6+0.074%$598K$1.3M25xas long as short
Backpack ZEC_USDC_PERP+0.0178%1h1,468.8+0.087%$2.4M$3.7M15xas long as short
RISEx ZEC/USDC+0.0190%1h1,468.4+0.062%$843K$1.3M10xas long as short
Lighter RH ZEC+0.0416%1h1,469.8+0.155%$2.0M$8.3M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0424%1h1,468.1+0.041%$3.7M$11.4M50xas long as short
Arcus ZEC-USD+0.0444%1h1,468.9+0.091%$723K$8.2M10xas long as short
Aftermath Perps ZECUSD+0.0584%1h1,466.9−0.044%$41K$34K10xas long as short