Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.012%

Price spread now: Bybit against Polymarket Perps−0.027%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 7 days+0.151%+$15 · spread now −0.027%, 7d avg +0.021%

Together, before fees+0.374%+$37 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 Bybit is 0.048% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.021%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.223%, 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	Polymarket Perps ZEC-USD	1,463.9	0.0100	pay 0.0013% / 1h	23m 05s	$343K	$1.9M	10x
Short	Bybit ZECUSDT	1,463.5	−0.0060	pay 0.0060% / 8h	1h 23m	$270.9M	$668.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$33.65
Price spread: −0.027% → +0.021%: −$4.84
Slippage, 4 orders: −$6.54
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$64.02
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; Bybit: live order book, 1 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 Polymarket Perps live order book, 6 min ago	1.37 bp	6.0 bp −$6	9.7 bp −$97	29.0 bp −$2,905	doesn't fit
Sell Bybit live order book, 1 min ago	0.03 bp	6.5 bp −$6	8.3 bp −$83	16.7 bp −$1,673	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	−0.3310%	1h	1,469.5	+0.385%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0405%	1h	1,464.5	+0.039%	$17.8M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0226%	1h	1,464.3	+0.027%	$397K	$514K	5x	as long as short
BloFin ZEC-USDT	−0.0089%	8h	1,464.3	+0.028%	$29.2M	$75.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,465.4	+0.100%	$6K	$2K	10x	as long as short
Bulk ZEC-USD	−0.0065%	1h	1,462.1	−0.123%	$902K	$27K	10x	as long as short
Bybit ZECUSDTshort	−0.0060%	8h	1,463.5	−0.027%	$270.9M	$668.0M	75x
Variational Omni ZEC	−0.0026%	8h	1,465.3	+0.098%	$46.6M	$33.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,465.6	+0.117%	$413K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,465.3	+0.098%	$887K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,464.4	+0.036%	$83K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,464.5	+0.039%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0013%	8h	1,464.6	+0.046%	$292K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0037% / S +0.0009%	1h	1,464.3	+0.024%	$355K	—	100x	as long as short
Gate ZEC_USDT	+0.0046%	8h	1,464.2	+0.020%	$49.8M	$186.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0051%	8h	1,464.3	+0.027%	$176.4M	$1.35B	50x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,465.3	+0.092%	$8K	$8K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0073%	1h	1,465.3	+0.095%	$596K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0075%	1h	1,467.6	+0.252%	$4.6M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0082%	1h	1,467.6	+0.252%	$431K	$822K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,464.4	+0.033%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,465.4	+0.105%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,464.8	+0.064%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,465.2	+0.091%	$2.5M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,465.5	+0.109%	$759.9M	$478.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,464.1	+0.015%	$15.6M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,465.6	+0.118%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,464.1	+0.017%	$674.5M	$2.48B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,464.3	+0.027%	$221.6M	$865.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,464.6	+0.045%	$103.6M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464.3	+0.025%	$162.4M	$304.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,464.9	+0.070%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,467.7	+0.257%	$512K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.4	+0.239%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,466.2	+0.157%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USDlong	+0.0100%	1h	1,463.9	long leg	$343K	$1.9M	10x
Bullet ZEC-USD	+0.0100%	1h	1,463.9	+0.003%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.8	−0.076%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,467.3	+0.229%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,464.3	+0.028%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,463.5	−0.029%	$2.5M	$23.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.7	+0.053%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,464.7	+0.053%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,464.2	+0.019%	$36K	$366K	20x	as long as short
Lighter ZEC	+0.0136%	1h	1,466	+0.145%	$19.0M	$52.6M	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,465.2	+0.088%	$842K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0191%	1h	1,464.9	+0.071%	$2.3M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0400%	1h	1,466.5	+0.176%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,466.1	+0.153%	$3.7M	$11.5M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,466.5	+0.175%	$725K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0573%	1h	1,465.4	+0.100%	$41K	$34K	10x	as long as short