ZEC

Alert

Funding spread now, next payment 16:00 UTC+0.0331%/8h

next payment, per $10,000+$0.41paid, last 24h+0.067%paid, last 7 days+0.122%to open and close $10k−$39

Long on Polymarket Perps Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 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	Polymarket Perps ZEC-USD	1,495.9	−0.0075	get 0.0009% / 1h	57m 58s	$310K	$3.5M	10x
Short	Coinbase International ZEC-PERP-INTX	1,498.5	0.0256	get 0.0032% / 1h	57m 58s	$3.9M	$13.8M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee Coinbase InternationalbpOrdersRate

Funding earned: $69.54
Slippage, 4 orders: −$21.18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $30.36
Break-even: 3.9 days

Slippage from Polymarket Perps: live order book, 2 min ago; Coinbase International: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.172%
Avg gap 7d: +0.127%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Polymarket Perps live order book, 2 min ago	2.00 bp	7.9 bp −$8	10.4 bp −$104	32.0 bp −$3,205	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.32 bp	13.1 bp −$13	16.3 bp −$163	43.2 bp −$4,317	doesn't fit

ZEC on 50 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective ZEC/USDC PERP	−0.3400%	1h	$35K	$13K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0517%	1h	$18.3M	$45.7M	25x	as long as short
ApeX Omni ZECUSDT	−0.0462%	1h	$987K	$345K	50x	as long as short
Bybit ZECUSDT	−0.0156%	8h	$289.0M	$781.4M	75x	as long as short
SoDEX ZEC-USD	−0.0139%	1h	$226K	$5.5M	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	$6K	$2K	10x	as long as short
Polymarket Perps ZEC-USDlong	−0.0075%	1h	$310K	$3.5M	10x
Aster ZECUSDT	−0.0045%	8h	$15.3M	$37.9M	75x	as long as short
Orderly PERP_ZEC_USDC	−0.0020%	8h	$268K	$1.7M	20x	as long as short
Bitget ZECUSDT	−0.0015%	8h	$167.1M	$329.7M	75x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin ZEC-USDT	−0.0014%	8h	$31.7M	$82.5M	75x	as long as short
Binance ZECUSDT	−0.0005%	8h	$698.7M	$2.90B	75x	as long as short
MEXC ZEC_USDT	−0.0003%	8h	$220.9M	$983.0M	150x	as long as short
BingX ZEC-USDT	−0.0002%	8h	—	$120.7M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	$420K	$117K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	$870K	$6.3M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	$614K	$1.4M	25x	as long as short
OKX ZEC-USDT-SWAP	+0.0001%	8h	$186.7M	$1.66B	50x	as long as short
Phoenix ZEC	+0.0003%	1h	$4.8M	$1.4M	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	$5.3M	—	150x	as long as short
Variational Omni ZEC	+0.0016%	8h	$48.9M	$33.8M	—	as long as short
Ondo Perps ZEC-USD.P	+0.0030%	1h	$408K	$776K	5x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	$9K	$11K	5x	as long as short
Bullet ZEC-USD	+0.0051%	1h	$51K	$116K	20x	as long as short
Bulk ZEC-USD	+0.0056%	1h	$910K	$64K	10x	as long as short
RISEx ZEC/USDC	+0.0080%	1h	$857K	$2.9M	10x	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$39K	$362K	20x	as long as short
Paradex ZEC-USD-PERP	+0.0084%	8h	$61K	$38K	10x	as long as short
Lighter ZEC	+0.0096%	1h	$20.0M	$60.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	$1.8M	$8.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	$167K	$2.3M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	$15K	$1.2M	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	$3.1M	$7.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	$802.1M	$679.1M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	$1.7M	$3.7M	10x	as long as short
Arcus ZEC-USD	+0.0100%	1h	$686K	$6.1M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	$52.4M	$213.8M	75x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$104.8M	$71.3M	75x	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	$2.3M	$3.5M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	$504K	$10.8M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$68K	$3.3M	30x	as long as short
Derive ZEC-PERP	+0.0100%	1h	$496K	$262K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	$3K	$1.4M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	$2.6M	$31.9M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	$3.9M	$6.5M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	$3.4M	$4.7M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0132% / S +0.0007%	1h	$551K	—	100x	as long as short
Coinbase International ZEC-PERP-INTXshort	+0.0256%	1h	$3.9M	$13.8M	50x
Aftermath Perps ZECUSD	+0.0429%	1h	$38K	$22K	10x	as long as short
Perpl ZEC	+0.0447%	43m	$79K	$430K	10x	as long as short