ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0179%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.015%

Price spread now: Deribit against Polymarket Perps+0.031%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

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

costs, in and out, $10k−$320.317% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 3 days (all we have)+0.201%+$20 · spread now +0.031%, 7d avg +0.078%

Together, before fees+0.363%+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.047% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.078%). If the spread goes back, that is −$5 on $10k: about 21 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.162% in total) that is about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ZEC-USD	1,477.6	0.0100	pay 0.0013% / 1h	29m 44s	$340K	$1.8M	10x
Short	Deribit ZEC_USDC-PERPETUAL	1,478.1	0.0279	get 0.0035% / 1h	29m 44s	$615K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.031%Rate

Funding earned: $37.69
Price spread: +0.031% → +0.078%: −$4.72
Slippage, 4 orders: −$16.72
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $1.25
Costs to cover: 0.317%
Break-even: 6.8 days

Slippage from Polymarket Perps: live order book, 4 min ago; Deribit: live order book, 4 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, 4 min ago	1.70 bp	6.4 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	5.30 bp	10.2 bp −$10	doesn't fit	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	1,473.5	−0.280%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,478.6	+0.066%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0007%	1h	1,471.7	−0.399%	$400K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,477.5	−0.005%	$18.1M	$43.6M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,477.8	+0.012%	$416K	$55K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,478.4	+0.056%	$977K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,477.6	+0.003%	$84K	$258K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,477.7	+0.004%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0027%	8h	1,477.2	−0.024%	$295K	$1.1M	20x	as long as short
Variational Omni ZEC	+0.0040%	8h	1,476.4	−0.083%	$48.0M	$33.0M	—	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	1,477.4	−0.012%	$386K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,478	+0.028%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,474.3	−0.223%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0094%	8h	1,477.5	−0.004%	$181.6M	$1.28B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,477.8	+0.011%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,477	−0.041%	$16K	$840K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,478.3	+0.048%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,477.9	+0.018%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,478.5	+0.061%	$769.4M	$444.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,478.1	+0.032%	$14.9M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,478.7	+0.072%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,477.8	+0.015%	$682.6M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,477.4	−0.014%	$272.6M	$622.2M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.5	−0.481%	$893K	$19K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477.7	+0.007%	$50.3M	$175.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477.8	+0.014%	$217.7M	$798.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,477.8	+0.012%	$103.9M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,477.5	−0.004%	$164.2M	$284.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,476.9	−0.049%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.3	−0.430%	$572K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473	−0.311%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,471.9	−0.388%	$428K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.4	−0.082%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USDlong	+0.0100%	1h	1,477.6	long leg	$340K	$1.8M	10x
Bullet ZEC-USD	+0.0100%	1h	1,477.8	+0.014%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,475.9	−0.114%	$459K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,480.7	+0.213%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,477.4	−0.014%	$244K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,477.5	−0.005%	$2.6M	$19.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,477.9	+0.018%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,477.7	+0.004%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,477.3	−0.023%	$48K	$167K	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,479.4	+0.122%	$680K	$8.7M	10x	as long as short
Lighter ZEC	+0.0264%	1h	1,478.6	+0.065%	$19.3M	$48.1M	20x	as long as short
Deribit ZEC_USDC-PERPETUALshort	+0.0279%	1h	1,478.1	+0.031%	$615K	$1.3M	25x
Lighter RH ZEC	+0.0304%	1h	1,478.8	+0.078%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,478.6	+0.066%	$869K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,480	+0.162%	$3.7M	$9.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0517%	1h	1,478.3	+0.047%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0724%	1h	1,474.4	−0.218%	$44K	$46K	10x	as long as short