ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0443%/8h= −48.5% APRnext payment −$0.55 per $10,000 · paid last 24h −0.042%

Price spread now: Kraken Futures against Polymarket Perps+0.031%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Polymarket Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 3 days (all we have)+0.179%+$18 · spread now +0.031%, 7d avg +0.044%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.131% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.55 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	1,469.5	0.0100	pay 0.0013% / 1h	2m 45s	$340K	$1.7M	10x
Short	Kraken Futures PF_ZECUSD	1,470	−0.0343	pay 0.0043% / 1h	2m 45s	$17.9M	$43.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Polymarket Perps. 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 Polymarket PerpsbpFee Kraken FuturesbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$92.99
Price spread: +0.031% → +0.044%: −$1.31
Slippage, 4 orders: −$16.81
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$129.1
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Kraken Futures: live order book, 1 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 Polymarket Perps live order book, 1 min ago	2.04 bp	6.7 bp −$7	9.2 bp −$92	28.0 bp −$2,801	doesn't fit
Sell Kraken Futures live order book, 1 min ago	2.99 bp	11.8 bp −$12	16.7 bp −$167	23.8 bp −$2,383	87.3 bp −$43.7K

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	−0.3321%	1h	1,471.6	+0.145%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSDshort	−0.0343%	1h	1,470	+0.031%	$17.9M	$43.0M	25x
Ondo Perps ZEC-USD.P	−0.0131%	1h	1,469.7	+0.014%	$400K	$516K	5x	as long as short
BloFin ZEC-USDT	−0.0115%	8h	1,469.5	0.000%	$29.6M	$72.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.3	+0.052%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0015%	8h	1,469.6	+0.007%	$47.7M	$33.3M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,469.6	+0.010%	$414K	$103K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,470.7	+0.082%	$8K	$9K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,470.7	+0.084%	$959K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.4	−0.007%	$84K	$405K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470.1	+0.039%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0022%	8h	1,470.2	+0.049%	$294K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0054%	1h	1,470.5	+0.069%	$4.6M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,469.9	+0.028%	$378K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0067%	8h	1,468.4	−0.075%	$181.1M	$1.28B	50x	as long as short
Gate ZEC_USDT	+0.0082%	8h	1,468.3	−0.080%	$50.3M	$182.4M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.5	−0.001%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,468.1	−0.093%	$12K	$841K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468.5	−0.070%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.2	+0.051%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,469.9	+0.027%	$765.4M	$451.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470	+0.036%	$14.9M	$31.3M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,469.2	−0.022%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,468.8	−0.047%	$682.7M	$2.35B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,468.4	−0.078%	$272.4M	$627.7M	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,470.3	+0.056%	$693K	$8.6M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,467.8	−0.115%	$893K	$21K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,468.9	−0.038%	$218.5M	$832.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,469	−0.032%	$104.0M	$55.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,468.9	−0.043%	$163.5M	$288.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,468.8	−0.046%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.6	+0.141%	$573K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,471.2	+0.116%	$3.0M	$450K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.7	+0.016%	$427K	$882K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.4	+0.059%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USDlong	+0.0100%	1h	1,469.5	long leg	$340K	$1.7M	10x
Bullet ZEC-USD	+0.0100%	1h	1,469.8	+0.020%	$128K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.9	−0.043%	$458K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.5	+0.201%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,470.1	+0.042%	$242K	$3.9M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,470.3	+0.054%	$2.5M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,470.3	+0.053%	$3.8M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468.6	−0.064%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.1	+0.038%	$53K	$162K	20x	as long as short
Lighter ZEC	+0.0216%	1h	1,470.5	+0.066%	$19.1M	$50.6M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0218%	1h	1,471.1	+0.111%	$605K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,468.9	−0.044%	$853K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,472.3	+0.189%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0507%	1h	1,470.3	+0.056%	$2.5M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0664%	1h	1,470.7	+0.078%	$2.1M	$8.5M	10x	as long as short
Aftermath Perps ZECUSD	+0.0746%	1h	1,470.6	+0.077%	$43K	$46K	10x	as long as short