Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:22 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.023%

Price spread now: Polymarket Perps against Perpl−0.053%7-day average +0.047% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Perpl Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.053%, 7d avg +0.047%

Together, before fees−0.073%+ Points / potential airdropPerpl: Active · farm board−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.100% cheaper against Perpl than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.047%). If the spread goes back, that is −$10 on $10k: about 3.3 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl ZEC	1,461.4	0	get 0.0000% / 43m	4m 33s	$84K	$241K	10x
Short	Polymarket Perps ZEC-USD	1,460.6	0.0100	get 0.0013% / 1h	16m 33s	$332K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Perpl. 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 PerplbpFee Polymarket PerpsbpOrdersPrice spread, now −0.053%Rate

Funding earned: $21
Price spread: −0.053% → +0.047%: −$9.97
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$10.77
Costs to cover: 0.218%
Break-even: 10.6 days

Slippage unknown: Perpl: no order-book sample; Polymarket Perps: live order book, 2 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 Perpl no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 2 min ago	0.69 bp	6.0 bp −$6	9.1 bp −$91	29.7 bp −$2,969	doesn't fit

Perpl: 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	−0.3244%	1h	1,459.8	−0.109%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0083%	8h	1,461	−0.023%	$29.3M	$70.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,462.8	+0.094%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,461.3	−0.003%	$412K	$43K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,460	−0.096%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEClong	0.0000%	43m	1,461.4	long leg	$84K	$241K	10x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,460.9	−0.034%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0049%	8h	1,460.8	−0.040%	$292K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,460.8	−0.038%	$410K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,461.9	+0.038%	$4.6M	$1.4M	10x	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	1,463.2	+0.122%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,463.4	+0.138%	$16K	$866K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,463.1	+0.118%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.8	+0.095%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,464	+0.181%	$765.8M	$430.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,462.4	+0.073%	$14.5M	$28.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,463	+0.109%	$1.7M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,463.1	+0.120%	$670.1M	$2.23B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,462.4	+0.071%	$265.7M	$604.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,463	+0.110%	$179.0M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,457.8	−0.244%	$396K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,456.1	−0.361%	$882K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,462.7	+0.091%	$49.9M	$174.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,462.9	+0.103%	$215.3M	$778.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,462.7	+0.094%	$102.4M	$55.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,462.8	+0.097%	$162.6M	$272.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,461.8	+0.029%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,462.1	+0.049%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,459	−0.160%	$47.7M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,458.7	−0.182%	$568K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,460.3	−0.072%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,459.4	−0.132%	$410K	$913K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,461.2	−0.012%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,460.6	−0.053%	$332K	$1.8M	10x
Bullet ZEC-USD	+0.0100%	1h	1,461	−0.027%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,459.6	−0.120%	$446K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,463.6	+0.155%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461	−0.025%	$233K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459.9	−0.101%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460.8	−0.036%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,462.8	+0.095%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,460.4	−0.066%	$47K	$153K	20x	as long as short
01 Exchange ZECUSD	+0.0152%	1h	1,464	+0.177%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,461	−0.026%	$18.1M	$44.5M	25x	as long as short
Lighter ZEC	+0.0240%	1h	1,464.4	+0.207%	$19.2M	$46.7M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,463.5	+0.145%	$705K	$8.5M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0286%	1h	1,461.3	−0.002%	$614K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0376%	1h	1,464.4	+0.208%	$2.1M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,463.4	+0.140%	$837K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,462.7	+0.090%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0696%	1h	1,460	−0.094%	$45K	$49K	10x	as long as short