Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Polymarket Perps against SoDEX−0.088%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$230.227% of the position

Long on SoDEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.088%, 7d avg −0.016%

Together, before fees−0.073%−$7 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 0.072% cheaper against SoDEX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZEC-USD	1,475.3	0.0100	pay 0.0013% / 1h	34m 33s	$251K	$3.5M	10x
Short	Polymarket Perps ZEC-USD	1,474	0.0100	get 0.0013% / 1h	34m 33s	$356K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SoDEX. 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 SoDEXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → −0.016%: −$7.2
Slippage, 4 orders: −$6.69
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$29.89
Costs to cover: 0.227%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Polymarket Perps: 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 SoDEX live order book, 4 min ago	0.34 bp	4.8 bp −$5	13.2 bp −$132	99.7 bp −$9,973	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.03 bp	6.7 bp −$7	9.8 bp −$98	doesn't fit	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	−0.3684%	1h	1,477.1	+0.123%	$34K	$273K	12x	as long as short
BloFin ZEC-USDT	−0.0121%	8h	1,477	+0.118%	$30.6M	$73.7M	75x	as long as short
Bulk ZEC-USD	−0.0118%	1h	1,480.8	+0.374%	$895K	$15K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,475.2	−0.003%	$17.9M	$47.1M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,476.9	+0.106%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,476.3	+0.070%	$410K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,475.4	+0.007%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,473.8	−0.102%	$64K	$301K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.7	−0.039%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0076%	8h	1,475.3	+0.001%	$297K	$1.1M	20x	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	1,475.8	+0.035%	$162K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,475.6	+0.020%	$13K	$866K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,474.5	−0.054%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,475.3	−0.002%	$13.8M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476.6	+0.085%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,476	+0.044%	$687.9M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,475.5	+0.014%	$265.0M	$631.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,475.7	+0.029%	$178.8M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,472.5	−0.190%	$403K	$507K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,475.9	+0.043%	$54.1M	$182.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,476	+0.047%	$233.3M	$782.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.8	+0.102%	$101.0M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,475.8	+0.035%	$158.8M	$288.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,475.6	+0.018%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,477.1	+0.122%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,474.2	−0.077%	$48.1M	$34.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.3	+0.066%	$564K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,476.1	+0.052%	$3.0M	$488K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.1	+0.051%	$406K	$935K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,474.6	−0.051%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,474	−0.088%	$356K	$1.7M	10x
Bullet ZEC-USD	+0.0100%	1h	1,475.2	−0.009%	$162K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473.4	−0.129%	$450K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,476.7	+0.092%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,475.3	long leg	$251K	$3.5M	10x
HTX ZEC-USDT	+0.0100%	8h	1,473.5	−0.125%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,476.5	+0.080%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,476	+0.046%	$61K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,475.9	+0.042%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,475.1	−0.014%	$42K	$152K	20x	as long as short
Aftermath Perps ZECUSD	+0.0124%	1h	1,478.5	+0.220%	$47K	$64K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0128% / S −0.0121%	1h	1,476.3	+0.069%	$428K	—	100x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,476.2	+0.059%	$923K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,478.6	+0.225%	$4.7M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,476.3	+0.066%	$8K	$7K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0145%	1h	1,475.9	+0.044%	$674K	$1.4M	25x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,478.1	+0.190%	$637K	$8.6M	10x	as long as short
Hyperliquid ZEC	+0.0236%	1h	1,478.4	+0.210%	$767.6M	$441.6M	10x	as long as short
Lighter RH ZEC	+0.0256%	1h	1,478.5	+0.215%	$2.1M	$7.4M	10x	as long as short
Lighter ZEC	+0.0288%	1h	1,477.7	+0.161%	$19.4M	$45.7M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,477	+0.115%	$3.6M	$10.0M	50x	as long as short