Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Polymarket Perps against Gate−0.144%48s7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$340.335% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.144%, 7d avg −0.016%

Together, before fees+0.043%+$4 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 0.128% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 48 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	Gate ZEC_USDT	1,468.5	0.0100	pay 0.0100% / 8h	6h 04m	$50.1M	$177.0M	75x
Short	Polymarket Perps ZEC-USD	1,466.4	0.0100	get 0.0013% / 1h	4m 38s	$343K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → −0.016%: −$12.79
Slippage, 4 orders: −$10.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$46.32
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 4 min ago	0.27 bp	11.0 bp −$11	18.7 bp −$187	30.8 bp −$3,084	58.9 bp −$29.5K
Sell Polymarket Perps live order book, 4 min ago	2.05 bp	6.0 bp −$6	8.8 bp −$88	28.3 bp −$2,827	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	1,452	−1.124%	$33K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,468.9	+0.027%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0036%	1h	1,464.8	−0.253%	$398K	$501K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,467.9	−0.040%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.5	0.000%	$414K	$51K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,467.4	−0.078%	$971K	$4.8M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,465.9	−0.179%	$84K	$251K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,466.7	−0.126%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0031%	8h	1,467.1	−0.094%	$293K	$991K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,466.7	−0.126%	$383K	—	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0056%	1h	1,469	+0.033%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,466.6	−0.130%	$4.6M	$1.5M	10x	as long as short
Variational Omni ZEC	+0.0072%	8h	1,466.6	−0.129%	$47.9M	$32.6M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0092%	8h	1,468.2	−0.022%	$180.8M	$1.25B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.6	+0.072%	$174K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,468.2	−0.019%	$17K	$846K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468	−0.037%	$61K	$40K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,466.8	−0.120%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,468.9	+0.026%	$765.2M	$434.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,467.8	−0.050%	$14.8M	$29.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468.3	−0.013%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,468	−0.038%	$678.4M	$2.28B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,467.8	−0.052%	$271.4M	$610.1M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.132%	$890K	$18K	10x	as long as short
Gate ZEC_USDTlong	+0.0100%	8h	1,468.5	long leg	$50.1M	$177.0M	75x
MEXC ZEC_USDT	+0.0100%	8h	1,467.9	−0.039%	$216.1M	$802.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,467.8	−0.052%	$103.2M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,468.9	+0.029%	$163.1M	$277.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,467.4	−0.074%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466	−0.171%	$570K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.5	−0.069%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,466.3	−0.152%	$426K	$884K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,467.4	−0.076%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,466.4	−0.144%	$343K	$1.8M	10x
Bullet ZEC-USD	+0.0100%	1h	1,466.4	−0.142%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465	−0.238%	$447K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,469	+0.035%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,467.5	−0.067%	$242K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,465.8	−0.185%	$2.5M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,468.6	+0.008%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468.9	+0.023%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,467.1	−0.100%	$48K	$158K	20x	as long as short
Lighter ZEC	+0.0224%	1h	1,469.5	+0.067%	$19.2M	$48.3M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0243%	1h	1,468.1	−0.031%	$611K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,470.3	+0.123%	$696K	$8.6M	10x	as long as short
Lighter RH ZEC	+0.0288%	1h	1,469.7	+0.081%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,469.6	+0.075%	$852K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0417%	1h	1,468.8	+0.020%	$2.4M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,468.8	+0.018%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0733%	1h	1,468.9	+0.023%	$43K	$46K	10x	as long as short