ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0179%/8h= −19.6% APRnext payment −$0.22 per $10,000 · paid last 24h +0.056%

Price spread now: Polymarket Perps against Kraken Futures−0.066%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)−0.648%−$65 · spread now −0.066%, 7d avg −0.044%

Together, before fees−0.529%−$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.022% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.044%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.119%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,448.2	0.0279	pay 0.0035% / 1h	45m 47s	$17.9M	$44.9M	25x
Short	Polymarket Perps ZEC-USD	1,447.3	0.0100	get 0.0013% / 1h	45m 47s	$364K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Kraken Futures. 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 Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$37.51
Price spread: −0.066% → −0.044%: −$2.17
Slippage, 4 orders: −$15.58
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$73.26
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Polymarket Perps: live order book, 3 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 Kraken Futures live order book, 3 min ago	2.42 bp	11.0 bp −$11	16.0 bp −$160	24.5 bp −$2,451	107.9 bp −$54.0K
Sell Polymarket Perps live order book, 3 min ago	1.73 bp	5.7 bp −$6	8.8 bp −$88	29.6 bp −$2,959	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	−0.3166%	1h	1,448	−0.020%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,447.5	−0.055%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0072%	8h	1,447.3	−0.063%	$29.2M	$70.4M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,447	−0.088%	$407K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,447.9	−0.024%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,447.4	−0.057%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,447.3	−0.064%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0058%	8h	1,448.1	−0.013%	$290K	$958K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,448.1	−0.010%	$8K	$7K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0064% / S −0.0015%	1h	1,447.1	−0.080%	$407K	—	100x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,447.8	−0.033%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,447.5	−0.053%	$10K	$874K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,448.1	−0.011%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,447.8	−0.033%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,450.9	+0.184%	$754.5M	$434.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,448.6	+0.025%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,448	−0.018%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,450.5	+0.155%	$665.8M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,449.4	+0.077%	$261.2M	$602.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,450.2	+0.133%	$177.1M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,445.7	−0.176%	$394K	$442K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,449.4	+0.082%	$876K	$23K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,449.6	+0.092%	$50.1M	$172.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,449.3	+0.075%	$215.7M	$768.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,449.4	+0.082%	$102.0M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,450	+0.121%	$164.6M	$273.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,449.5	+0.086%	—	$100.9M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,449.2	+0.064%	$2.5M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,447.3	−0.063%	$47.4M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,446.4	−0.125%	$563K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,447.7	−0.037%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,446.8	−0.103%	$402K	$920K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,447.7	−0.038%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,447.3	−0.066%	$364K	$1.8M	10x
Bullet ZEC-USD	+0.0100%	1h	1,447.3	−0.066%	$159K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,446.9	−0.090%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,450	+0.122%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,448.2	−0.006%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,446.5	−0.124%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,447.8	−0.029%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,449.2	+0.063%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,448	−0.017%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,448.9	+0.046%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSDlong	+0.0279%	1h	1,448.2	long leg	$17.9M	$44.9M	25x
Deribit ZEC_USDC-PERPETUAL	+0.0323%	1h	1,448.7	+0.032%	$608K	$1.3M	25x	as long as short
Lighter ZEC	+0.0344%	1h	1,451.5	+0.228%	$19.1M	$45.9M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,448.4	+0.010%	$920K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,451.5	+0.224%	$2.0M	$6.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,449.6	+0.094%	$3.8M	$9.0M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,449.8	+0.108%	$738K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0670%	1h	1,448.3	+0.001%	$44K	$49K	10x	as long as short