Funding you earn now, next payment 07:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.004%
Price spread now: Polymarket Perps against GMX−0.010%7-day average −0.040% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now −0.010%, 7d avg −0.040%
=The price spread pays, funding is against you. Polymarket Perps is 0.030% dearer against GMX than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.040%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days. Mind the row above: over the last 3 days funding on this pair paid +0.052%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZEC/USD [WBTC.b-USDC] | 1,490.9 | L +0.0138% / S −0.0135% | pay 0.0017% / 1h | 59m 41s | $392K | — | 100x |
| Short | Polymarket Perps ZEC-USD | 1,490.7 | 0.0100 | get 0.0013% / 1h | 59m 41s | $357K | $1.8M | 10x |
GMX ZEC/USD [WBTC.b-USDC]
Polymarket Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.01
- Price spread: −0.010% → −0.040%
- $2.95
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$25.06
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 4 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 4 min ago | 1.34 bp | 5.3 bp −$5 | 9.6 bp −$96 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1,481 | −0.662% | $36K | $275K | 12x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,490.5 | −0.022% | $61K | $304K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0144% | 8h | 1,491.1 | +0.017% | $30.8M | $75.0M | 75x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0096% | 1h | 1,491.8 | +0.062% | $18.1M | $46.6M | 25x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,493.1 | +0.147% | $6K | $1K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0020% | 1h | 1,493.6 | +0.184% | $48K | $64K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,490.1 | −0.053% | $414K | $35K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,491.3 | +0.031% | $1.5M | $4.7M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,490.8 | −0.001% | $5.3M | — | 150x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0070% | 1h | 1,492.3 | +0.095% | $681K | $1.4M | 25x | as long as short |
Injective ZEC/USDC PERP
Perpl ZEC
BloFin ZEC-USDT
Kraken Futures PF_ZECUSD
Hotstuff ZEC-PERP
Aftermath Perps ZECUSD
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Deribit ZEC_USDC-PERPETUALShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZEC_USDC | +0.0081% | 8h | 1,491.2 | +0.021% | $300K | $1.1M | 20x | as long as short |
| Bulk ZEC-USD | +0.0085% | 1h | 1,492.9 | +0.139% | $902K | $7K | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,490.9 | +0.004% | $170K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0098% | 8h | 1,490.9 | 0.000% | $12K | $876K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,491.7 | +0.058% | $61K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,491.9 | +0.071% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,489.8 | −0.071% | $777.8M | $447.8M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,488.5 | −0.160% | $13.9M | $31.1M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,491.1 | +0.020% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,489.8 | −0.070% | $694.4M | $2.32B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,489.6 | −0.086% | $267.0M | $630.1M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,490.4 | −0.033% | $181.5M | $1.34B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,494.1 | +0.218% | $407K | $554K | 5x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,489.2 | −0.109% | $54.9M | $188.0M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,489.5 | −0.090% | $241.8M | $801.4M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,490 | −0.055% | $102.6M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,488.5 | −0.158% | $160.1M | $289.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,488.7 | −0.142% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,489.9 | −0.064% | $48.8M | $34.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,494.8 | +0.262% | $572K | $9.0M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,493.7 | +0.192% | $3.1M | $510K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,495.6 | +0.316% | $412K | $943K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,493.5 | +0.177% | $56K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USDshort | +0.0100% | 1h | 1,490.7 | −0.010% | $357K | $1.8M | 10x | |
| Bullet ZEC-USD | +0.0100% | 1h | 1,491 | +0.008% | $164K | $184K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,493.1 | +0.149% | $456K | $500K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,493.5 | +0.174% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,491.2 | +0.025% | $254K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,492 | +0.080% | $2.7M | $20.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,491.6 | +0.051% | $4.0M | $5.0M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,489.9 | −0.062% | $2.7M | $7.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,491.3 | +0.028% | $43K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,491.6 | +0.049% | $8K | $7K | 5x | as long as short |
| RISEx ZEC/USDC | +0.0129% | 1h | 1,491.5 | +0.042% | $939K | $1.1M | 10x | as long as short |
| Phoenix ZEC | +0.0134% | 1h | 1,496.6 | +0.385% | $4.8M | $1.4M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L +0.0138% / S −0.0135% | 1h | 1,490.9 | long leg | $392K | — | 100x | |
| Lighter RH ZEC | +0.0176% | 1h | 1,490.1 | −0.053% | $2.1M | $7.5M | 10x | as long as short |
| Arcus ZEC-USD | +0.0221% | 1h | 1,492.4 | +0.101% | $621K | $8.8M | 10x | as long as short |
| Lighter ZEC | +0.0248% | 1h | 1,490.7 | −0.010% | $19.6M | $44.7M | 20x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0264% | 1h | 1,492.3 | +0.097% | $2.3M | $3.9M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0480% | 1h | 1,493 | +0.144% | $3.7M | $10.1M | 50x | as long as short |
Orderly PERP_ZEC_USDC
Bulk ZEC-USD
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
RISEx ZEC/USDC
Phoenix ZEC
Lighter RH ZEC
Arcus ZEC-USD
Lighter ZEC
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX