Funding you earn now, next payment 09:00 UTC+0.3802%/8h= +416.3% APRnext payment +$4.75 per $10,000 · paid last 24h +0.821%
Price spread now: Polymarket Perps against Injective+0.870%51s7-day average −0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.278%+$228 on $10k
+Price spread, last 4 days (all we have)−3.026%−$303 · spread now +0.870%, 7d avg −0.051%
=Both sides work for this trade now. Funding pays +$114 a day on $10k at the current rate, and Polymarket Perps is 0.921% dearer against Injective than usual: you sell high and buy low: +$92 more if the spread goes back to its 7-day average of −0.051%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.278% in total (about 118.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ZEC/USDC PERP | 1,491.4 | −0.3702 | get 0.0463% / 1h | 32m 01s | $36K | $275K | 12x |
| Short | Polymarket Perps ZEC-USD | 1,504.4 | 0.0100 | get 0.0013% / 1h | 32m 01s | $373K | $1.7M | 10x |
Injective ZEC/USDC PERP
Polymarket Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Injective. 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
- $798.4
- Price spread: +0.870% → −0.051%
- $92.11
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $882.49
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 2 min ago; Polymarket Perps: live order book, 2 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 Injective live order book, 2 min ago | 59.09 bp | 490798.9 bp −$490.8K | 4964353.5 bp −$49.64M | 49400996.0 bp −$4940.10M | 246150512.0 bp −$123075.26M |
| Sell Polymarket Perps live order book, 2 min ago | 395.35 bp | doesn't fit | doesn't fit | 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 PERPlong | −0.3702% | 1h | 1,491.4 | long leg | $36K | $275K | 12x | |
| Perpl ZEC | −0.0447% | 43m | 1,502.9 | +0.768% | $62K | $305K | 10x | as long as short |
| Aftermath Perps ZECUSD | −0.0203% | 1h | 1,507 | +1.046% | $48K | $58K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0155% | 8h | 1,505.7 | +0.960% | $31.8M | $76.5M | 75x | as long as short |
| Bulk ZEC-USD | −0.0098% | 1h | 1,506.5 | +1.013% | $775K | $147K | 10x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,505.9 | +0.969% | $6K | $1K | 10x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,506.1 | +0.986% | $418K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,505.7 | +0.955% | $1.6M | $5.0M | 2.2x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,504.1 | +0.850% | $5.4M | — | 150x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,504.3 | +0.861% | $18.3M | $48.0M | 25x | as long as short |
Perpl ZEC
Aftermath Perps ZECUSD
BloFin ZEC-USDT
Bulk ZEC-USD
Hotstuff ZEC-PERP
dYdX ZEC-USD
Kalshi KXZECPERP
gTrade (Gains Network) ZEC/USD
Kraken Futures PF_ZECUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZECUSD | +0.0032% | 1h | 1,505.9 | +0.974% | $8K | $6K | 5x | as long as short |
| Gate ZEC_USDT | +0.0054% | 8h | 1,503.8 | +0.831% | $60.4M | $185.6M | 75x | as long as short |
| Phoenix ZEC | +0.0082% | 1h | 1,507 | +1.045% | $4.8M | $1.4M | 10x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0085% | 8h | 1,503.9 | +0.836% | $304K | $861K | 20x | as long as short |
| ApeX Omni ZECUSDT | +0.0095% | 1h | 1,507.1 | +1.051% | $414K | $952K | 50x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,504.7 | +0.888% | $19.4M | $44.9M | 20x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,505 | +0.910% | $2.1M | $7.5M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,504.2 | +0.859% | $172K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,506.1 | +0.984% | $62K | $17K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,505.1 | +0.919% | $17K | $898K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,504.5 | +0.876% | $3.1M | $7.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,504.4 | +0.870% | $787.5M | $446.3M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,503.2 | +0.792% | $14.1M | $30.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,506.3 | +1.001% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,503.9 | +0.839% | $710.3M | $2.33B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,503.3 | +0.794% | $269.5M | $625.3M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,503.4 | +0.805% | $185.1M | $1.37B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,501.6 | +0.683% | $411K | $557K | 5x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,506.8 | +1.033% | $608K | $9.0M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,504 | +0.842% | $406.3M | $834.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,503.7 | +0.826% | $102.6M | $57.3M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,503.8 | +0.830% | $162.6M | $295.7M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,503.6 | +0.816% | — | $6.7M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,506.9 | +1.041% | $49.9M | $35.9M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,506.7 | +1.026% | $556K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,506.8 | +1.028% | $3.1M | $533K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,505.6 | +0.949% | $50K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USDshort | +0.0100% | 1h | 1,504.4 | +0.870% | $373K | $1.7M | 10x | |
| Bullet ZEC-USD | +0.0100% | 1h | 1,504.2 | +0.857% | $168K | $194K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,506.3 | +0.995% | $450K | $419K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,507.3 | +1.063% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,503.9 | +0.835% | $254K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,503.5 | +0.813% | $2.7M | $21.2M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,504.3 | +0.863% | $4.0M | $4.9M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,503.8 | +0.830% | $2.8M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,503.9 | +0.839% | $44K | $153K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,505.9 | +0.971% | $967K | $1.1M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0159% / S −0.0163% | 1h | 1,504.2 | +0.858% | $334K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0217% | 1h | 1,504.7 | +0.888% | $689K | $1.4M | 25x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0341% | 1h | 1,504.4 | +0.869% | $2.4M | $3.8M | 15x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,505.3 | +0.929% | $3.8M | $10.0M | 50x | as long as short |
01 Exchange ZECUSD
Gate ZEC_USDT
Phoenix ZEC
Orderly PERP_ZEC_USDC
ApeX Omni ZECUSDT
Lighter ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Arcus ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
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
RISEx ZEC/USDC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Backpack ZEC_USDC_PERP
Coinbase International ZEC-PERP-INTX