ZEC

Alert

Funding spread now, next payment 17:00 UTC−0.0249%/8h

paid, last 24h+0.001%paid, last 7 days+0.130%to open and close $10k−$51

Long on Polymarket Perps Short on Phemex

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment. 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	1,492	0.0100	pay 0.0013% / 1h	47m 22s	$316K	$3.3M	10x
Short	Phemex ZECUSDT	1,493.4	−0.0149	pay 0.0149% / 8h	7h 47m	$3.9M	$6.5M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee PhemexbpOrdersRate

Funding earned: −$52.35
Slippage, 4 orders: −$31.38
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$103.74
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Phemex: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.091%
Avg gap 7d: +0.041%

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, 3 min ago	1.67 bp	7.6 bp −$8	10.2 bp −$102	30.0 bp −$3,002	doesn't fit
Sell Phemex live order book, 3 min ago	7.73 bp	20.9 bp −$21	33.4 bp −$334	doesn't fit	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	$34K	$13K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0518%	1h	$18.2M	$45.7M	25x	as long as short
ApeX Omni ZECUSDT	−0.0399%	1h	$985K	$346K	50x	as long as short
Bulk ZEC-USD	−0.0264%	1h	$910K	$64K	10x	as long as short
Bybit ZECUSDT	−0.0184%	8h	$287.8M	$778.3M	75x	as long as short
Gate ZEC_USDT	−0.0171%	8h	$52.2M	$214.6M	75x	as long as short
Phemex ZECUSDTshort	−0.0149%	8h	$3.9M	$6.5M	50x
Ondo Perps ZEC-USD.P	−0.0118%	1h	$407K	$769K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	$6K	$2K	10x	as long as short
Phoenix ZEC	−0.0051%	1h	$4.7M	$1.6M	10x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster ZECUSDT	−0.0046%	8h	$15.3M	$37.8M	75x	as long as short
Orderly PERP_ZEC_USDC	−0.0020%	8h	$268K	$1.7M	20x	as long as short
BloFin ZEC-USDT	−0.0014%	8h	$31.4M	$82.1M	75x	as long as short
Bitget ZECUSDT	−0.0012%	8h	$166.2M	$328.0M	75x	as long as short
Binance ZECUSDT	−0.0002%	8h	$697.8M	$2.89B	75x	as long as short
MEXC ZEC_USDT	−0.0002%	8h	$218.5M	$990.3M	150x	as long as short
Variational Omni ZEC	−0.0002%	8h	$48.7M	$33.8M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	$419K	$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	$584K	$1.4M	25x	as long as short
BingX ZEC-USDT	+0.0002%	8h	—	$121.9M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0005%	8h	$184.9M	$1.64B	50x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	$5.3M	—	150x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	$9K	$11K	5x	as long as short
SoDEX ZEC-USD	+0.0047%	1h	$225K	$5.5M	10x	as long as short
RISEx ZEC/USDC	+0.0080%	1h	$855K	$2.9M	10x	as long as short
Aevo ZEC-PERP	+0.0080%	1h	$39K	$362K	20x	as long as short
Paradex ZEC-USD-PERP	+0.0087%	8h	$61K	$38K	10x	as long as short
Lighter ZEC	+0.0096%	1h	$19.7M	$60.8M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	$170K	$2.3M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	$11K	$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	$799.0M	$670.1M	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	$688K	$6.2M	10x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	$104.4M	$71.1M	75x	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	$2.3M	$3.6M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	$504K	$10.8M	20x	as long as short
StandX ZEC-USD	+0.0100%	1h	$107K	$3.3M	30x	as long as short
Polymarket Perps ZEC-USDlong	+0.0100%	1h	$316K	$3.3M	10x
Bullet ZEC-USD	+0.0100%	1h	$51K	$116K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	$495K	$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
Extended ZEC-USD	+0.0104%	1h	$3.4M	$4.5M	10x	as long as short
Lighter RH ZEC	+0.0128%	1h	$1.8M	$8.3M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0129% / S +0.0001%	1h	$570K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0256%	1h	$3.9M	$13.7M	50x	as long as short
Aftermath Perps ZECUSD	+0.0416%	1h	$37K	$22K	10x	as long as short
Perpl ZEC	+0.0447%	43m	$78K	$401K	10x	as long as short