Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Polymarket Perps against Binance+0.035%46s7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.247% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days−0.170%−$17 · spread now +0.035%, 7d avg −0.023%

Together, before fees−0.193%−$19 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 0.058% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.023%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,466.8	0.0100	pay 0.0100% / 8h	1h 13m	$676.3M	$2.47B	75x
Short	Polymarket Perps ZEC-USD	1,467.3	0.0100	get 0.0013% / 1h	13m 38s	$345K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.023%: $5.84
Slippage, 4 orders: −$6.7
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.86
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Polymarket Perps: live order book, 5 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 Binance live order book, 15 min ago	0.03 bp	5.2 bp −$5	7.5 bp −$75	15.6 bp −$1,560	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	2.73 bp	7.4 bp −$7	10.8 bp −$108	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	−0.3310%	1h	1,467.5	+0.050%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0404%	1h	1,466.4	−0.026%	$17.8M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0243%	1h	1,464.9	−0.128%	$397K	$515K	5x	as long as short
BloFin ZEC-USDT	−0.0098%	8h	1,467	+0.013%	$29.3M	$75.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.7	+0.061%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0069%	8h	1,465.9	−0.058%	$271.3M	$666.1M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,463.6	−0.218%	$46.6M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,466.9	+0.007%	$413K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,467.9	+0.074%	$889K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,467.1	+0.022%	$83K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,467.3	+0.037%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0011%	8h	1,466.8	+0.003%	$293K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0037% / S +0.0009%	1h	1,467	+0.013%	$356K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0043%	8h	1,466.6	−0.015%	$176.9M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0045%	8h	1,466.6	−0.010%	$49.9M	$186.9M	75x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,467.4	+0.043%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,465.1	−0.115%	$4.6M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0079%	1h	1,463.2	−0.248%	$429K	$824K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,467	+0.011%	$174K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,467.5	+0.050%	$14K	$824K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467	+0.013%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,468.1	+0.093%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.4	+0.110%	$761.9M	$478.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.1	+0.021%	$15.6M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,467.4	+0.040%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,466.8	long leg	$676.3M	$2.47B	75x
Bulk ZEC-USD	+0.0100%	1h	1,463.9	−0.194%	$903K	$27K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,466.7	−0.004%	$223.3M	$868.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,466.8	0.000%	$103.6M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,466.6	−0.013%	$162.7M	$303.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,466.4	−0.025%	—	$102.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,464	−0.191%	$509K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,464.3	−0.169%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,467.5	+0.046%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,467.3	+0.035%	$345K	$1.9M	10x
Bullet ZEC-USD	+0.0100%	1h	1,466.7	−0.004%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465.4	−0.096%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,469	+0.152%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,466.7	−0.004%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.6	−0.012%	$2.5M	$23.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,467.3	+0.035%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,466.8	+0.003%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467.2	+0.026%	$37K	$366K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0116%	1h	1,467.8	+0.068%	$597K	$1.3M	25x	as long as short
Lighter ZEC	+0.0120%	1h	1,468	+0.086%	$19.0M	$52.7M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0178%	1h	1,467.2	+0.030%	$2.4M	$3.7M	15x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,467.3	+0.036%	$843K	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0416%	1h	1,469.4	+0.178%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,469.2	+0.165%	$3.7M	$11.4M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,468	+0.086%	$725K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0587%	1h	1,466.7	−0.008%	$41K	$34K	10x	as long as short