ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0364%/8h= +39.9% APRnext payment +$0.46 per $10,000 · paid last 24h +0.076%

Price spread now: Coinbase International against Polymarket Perps+0.141%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.431%+$43 · spread now +0.141%, 7d avg +0.139%

Together, before fees+0.654%+$65 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.139%, so right now this pair is about funding alone: +$11 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 0.223% in total (about 11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ZEC-USD	1,462.7	0.0100	pay 0.0013% / 1h	12m 03s	$357K	$1.8M	10x
Short	Coinbase International ZEC-PERP-INTX	1,464.8	0.0464	get 0.0058% / 1h	12m 03s	$3.8M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.141%Rate

Funding earned: $76.44
Price spread: +0.141% → +0.139%: $0.16
Slippage, 4 orders: −$17.37
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $41.23
Costs to cover: 0.354%
Break-even: 3.2 days

Slippage from Polymarket Perps: live order book, 2 min ago; Coinbase International: 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 Polymarket Perps live order book, 2 min ago	2.39 bp	6.4 bp −$6	9.2 bp −$92	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	1.23 bp	12.0 bp −$12	17.0 bp −$170	45.8 bp −$4,576	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	−0.3042%	1h	1,461.1	−0.112%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.4	+0.045%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,461.9	−0.058%	$29.6M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,462.8	+0.007%	$407K	$40K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,463.1	+0.030%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.9	+0.079%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,463.7	+0.070%	$293K	$910K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0078%	1h	1,460.4	−0.157%	$396K	$435K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0088% / S −0.0039%	1h	1,463.6	+0.063%	$436K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,462.9	+0.015%	$175K	$1.6M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,464.1	+0.096%	$14K	$804K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,463	+0.022%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.3	−0.028%	$2.9M	$6.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463.8	+0.072%	$14.6M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,462.8	+0.009%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,463.7	+0.070%	$673.9M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,463.9	+0.080%	$262.2M	$589.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,464.3	+0.111%	$179.7M	$1.21B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,460.6	−0.143%	$882K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,463.5	+0.054%	$52.2M	$172.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.6	+0.062%	$220.5M	$773.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,464.1	+0.095%	$103.1M	$53.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,463.8	+0.077%	$166.2M	$268.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,463.4	+0.045%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,458.8	−0.268%	$47.8M	$32.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,460.1	−0.179%	$568K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,461.4	−0.089%	$3.0M	$464K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,458.6	−0.278%	$403K	$944K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.1	−0.042%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USDlong	+0.0100%	1h	1,462.7	long leg	$357K	$1.8M	10x
Bullet ZEC-USD	+0.0100%	1h	1,463.3	+0.041%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.7	+0.003%	$447K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,464.3	+0.111%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,463.7	+0.069%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,463.1	+0.026%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,463.2	+0.031%	$3.9M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,463.6	+0.063%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.5	+0.056%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,462.7	−0.001%	$4.7M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,463.6	+0.060%	$8K	$7K	5x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,464.9	+0.148%	$2.1M	$7.0M	10x	as long as short
Hyperliquid ZEC	+0.0147%	1h	1,465.2	+0.171%	$763.5M	$424.9M	10x	as long as short
Lighter ZEC	+0.0168%	1h	1,465.1	+0.164%	$19.4M	$45.4M	20x	as long as short
Kalshi KXZECPERP	+0.0187%	8h	1,463.6	+0.059%	$1.5M	$4.4M	2.2x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,463.3	+0.040%	$925K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0219%	1h	1,464.7	+0.139%	$616K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0292%	1h	1,464.3	+0.106%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0331%	1h	1,463.4	+0.047%	$18.1M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,464.3	+0.109%	$685K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0464%	1h	1,464.8	+0.141%	$3.8M	$9.1M	50x
Aftermath Perps ZECUSD	+0.0687%	1h	1,461.3	−0.095%	$45K	$49K	10x	as long as short