Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Polymarket Perps against KuCoin+0.072%49s7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as 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−$340.340% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.072%, 7d avg −0.007%

Together, before fees−0.195%−$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 0.079% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 49 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	KuCoin ZECUSDTM	1,465.3	0.0100	pay 0.0100% / 8h	2h 47m	$103.1M	$52.6M	75x
Short	Polymarket Perps ZEC-USD	1,466.4	0.0100	get 0.0013% / 1h	47m 38s	$359K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → −0.007%: $7.93
Slippage, 4 orders: −$14.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$26.11
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Polymarket Perps: live order book, 6 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 KuCoin live order book, 6 min ago	1.47 bp	10.6 bp −$11	17.7 bp −$177	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	1.36 bp	7.3 bp −$7	10.9 bp −$109	32.9 bp −$3,293	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	−0.3243%	1h	1,469.3	+0.270%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,465.2	−0.008%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,467.3	+0.135%	$29.8M	$70.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,465.2	−0.010%	$407K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,467.2	+0.124%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,465.8	+0.029%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,466.2	+0.059%	$617K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,465.9	+0.035%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,464.5	−0.057%	$8K	$7K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,465.8	+0.031%	$293K	$901K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0092%	1h	1,465.6	+0.016%	$4.7M	$1.3M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0093% / S −0.0046%	1h	1,465.8	+0.032%	$437K	—	100x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,466.5	+0.081%	$2.1M	$7.1M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,464.3	−0.072%	$173K	$1.6M	50x	as long as short
Bybit ZECUSDT	+0.0098%	8h	1,463.8	−0.108%	$262.2M	$585.4M	75x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,465.7	+0.025%	$12K	$800K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,465.2	−0.013%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,465.6	+0.019%	$2.9M	$6.4M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,466.2	+0.059%	$763.3M	$419.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,464.4	−0.061%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,465.4	+0.002%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,464.3	−0.070%	$675.5M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,463.9	−0.098%	$178.2M	$1.20B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,463.4	−0.132%	$398K	$429K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,464.4	−0.063%	$885K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,465	−0.027%	$52.6M	$169.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,465	−0.023%	$218.7M	$757.9M	150x	as long as short
KuCoin ZECUSDTMlong	+0.0100%	8h	1,465.3	long leg	$103.1M	$52.6M	75x
Bitget ZECUSDT	+0.0100%	8h	1,465.2	−0.010%	$166.4M	$266.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,465.2	−0.010%	—	$107.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,469.8	+0.304%	$48.2M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,467.4	+0.138%	$573K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.6	+0.220%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.8	+0.302%	$406K	$923K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,466.1	+0.048%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,466.4	+0.072%	$359K	$1.7M	10x
Bullet ZEC-USD	+0.0100%	1h	1,465.7	+0.027%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,464.8	−0.034%	$447K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,468.1	+0.186%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,465.7	+0.022%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,464.7	−0.041%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,465.9	+0.038%	$3.9M	$4.7M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,464.9	−0.031%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,465.8	+0.034%	$47K	$151K	20x	as long as short
Lighter ZEC	+0.0136%	1h	1,466.3	+0.067%	$19.4M	$43.8M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0147%	1h	1,465.6	+0.017%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,464.8	−0.037%	$926K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0301%	1h	1,465.9	+0.037%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,469	+0.250%	$3.8M	$9.2M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,466.6	+0.086%	$667K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0675%	1h	1,466.8	+0.100%	$45K	$49K	10x	as long as short