Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Polymarket Perps against Pacifica+0.101%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on Pacifica Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 7 days−0.167%−$17 · spread now +0.101%, 7d avg −0.009%

Together, before fees−0.035%+ Points / potential airdropPacifica: Active · farm board−$4 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 0.110% dearer against Pacifica than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ZEC	1,475	0.0100	pay 0.0013% / 1h	31m 52s	$1.7M	$2.7M	10x
Short	Polymarket Perps ZEC-USD	1,476.5	0.0100	get 0.0013% / 1h	31m 52s	$339K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Pacifica. 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 PacificabpFee Polymarket PerpsbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0
Price spread: +0.101% → −0.009%: $11.02
Slippage, 4 orders: −$9.14
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$14.12
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from Pacifica: 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 Pacifica live order book, 2 min ago	0.54 bp	5.5 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	1.70 bp	6.3 bp −$6	10.6 bp −$106	doesn't fit	doesn't fit

ZEC on 50 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	−0.3678%	1h	1,471.7	−0.223%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.6	−0.164%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0018%	1h	1,471.7	−0.225%	$399K	$518K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,476.6	+0.109%	$18.1M	$43.6M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,473.7	−0.092%	$415K	$56K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,476.5	+0.101%	$976K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,474.4	−0.042%	$84K	$258K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,476.5	+0.100%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0027%	8h	1,476.5	+0.101%	$295K	$1.1M	20x	as long as short
Variational Omni ZEC	+0.0033%	8h	1,470.4	−0.311%	$47.9M	$33.3M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,476.4	+0.096%	$386K	—	100x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,475.4	+0.024%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,471.2	−0.259%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0093%	8h	1,476.8	+0.119%	$181.6M	$1.28B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,475.6	+0.037%	$174K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,474.8	−0.014%	$16K	$839K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,474.7	−0.023%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,476	+0.070%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,477	+0.135%	$768.8M	$444.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,476.7	+0.116%	$14.9M	$31.0M	75x	as long as short
Pacifica ZEClong	+0.0100%	1h	1,475	long leg	$1.7M	$2.7M	10x
Binance ZECUSDT	+0.0100%	8h	1,476.5	+0.101%	$682.0M	$2.34B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,476.5	+0.098%	$272.4M	$625.8M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.5	−0.307%	$893K	$19K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,476.2	+0.077%	$50.1M	$175.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477	+0.136%	$217.5M	$797.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.8	+0.119%	$103.9M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,476.7	+0.112%	$164.0M	$285.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,475.6	+0.040%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.3	−0.255%	$572K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,472.9	−0.143%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,471.9	−0.213%	$428K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.5	−0.171%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,476.5	+0.101%	$339K	$1.8M	10x
Bullet ZEC-USD	+0.0100%	1h	1,476.6	+0.108%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,475	+0.001%	$459K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477.1	+0.144%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,476.5	+0.101%	$243K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475.3	+0.019%	$2.6M	$19.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,476.1	+0.075%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,476.7	+0.115%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,476.8	+0.119%	$48K	$167K	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,475.7	+0.046%	$689K	$8.7M	10x	as long as short
Lighter ZEC	+0.0264%	1h	1,477.3	+0.153%	$19.3M	$48.1M	20x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,477.7	+0.184%	$2.1M	$7.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0344%	1h	1,477.4	+0.164%	$615K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,475.6	+0.037%	$866K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,478.3	+0.221%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0513%	1h	1,476.9	+0.125%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0722%	1h	1,472.5	−0.171%	$44K	$46K	10x	as long as short