ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.001%

Price spread now: Phoenix against Polymarket Perps+0.114%7-day average +0.143% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.594%+$59 on $10k

Price spread, last 7 days+0.104%+$10 · spread now +0.114%, 7d avg +0.143%

Together, before fees+0.698%+$70 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phoenix is 0.029% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.143%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.594%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ZEC-USD	1,505.3	0.0100	pay 0.0013% / 1h	32m 49s	$374K	$1.7M	10x
Short	Phoenix ZEC	1,507	0.0082	get 0.0010% / 1h	32m 49s	$4.8M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$3.82
Price spread: +0.114% → +0.143%: −$2.92
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$21.74
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 1 min ago; Phoenix: live order book, 6 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 Polymarket Perps live order book, 1 min ago	395.35 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 6 min ago	2.06 bp	7.1 bp −$7	17.0 bp −$170	58.2 bp −$5,815	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	−0.3702%	1h	1,491.4	−0.922%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,504.4	−0.062%	$62K	$305K	10x	as long as short
Aftermath Perps ZECUSD	−0.0201%	1h	1,507.8	+0.163%	$48K	$58K	10x	as long as short
BloFin ZEC-USDT	−0.0155%	8h	1,505.7	+0.029%	$31.8M	$76.5M	75x	as long as short
Bulk ZEC-USD	−0.0098%	1h	1,506.5	+0.082%	$775K	$147K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,505.4	+0.007%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,506.1	+0.054%	$418K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,506.3	+0.065%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,505.5	+0.013%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,505.8	+0.030%	$18.3M	$48.0M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0032%	1h	1,505.2	−0.007%	$8K	$6K	5x	as long as short
Gate ZEC_USDT	+0.0049%	8h	1,505.3	+0.001%	$60.6M	$185.4M	75x	as long as short
Phoenix ZECshort	+0.0082%	1h	1,507	+0.114%	$4.8M	$1.4M	10x
Orderly PERP_ZEC_USDC	+0.0085%	8h	1,505.3	+0.001%	$304K	$861K	20x	as long as short
ApeX Omni ZECUSDT	+0.0095%	1h	1,507.1	+0.120%	$414K	$952K	50x	as long as short
Lighter ZEC	+0.0096%	1h	1,507.1	+0.122%	$19.5M	$44.9M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,507.2	+0.125%	$2.1M	$7.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.1	−0.014%	$172K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,505.2	−0.006%	$62K	$17K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,505.2	−0.009%	$17K	$898K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,505.7	+0.028%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,506.4	+0.073%	$788.7M	$446.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,505.6	+0.023%	$14.1M	$30.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,505.6	+0.020%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,506.3	+0.068%	$711.4M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,505.7	+0.024%	$270.0M	$625.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,505.7	+0.027%	$185.4M	$1.37B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,505.4	+0.007%	$411K	$554K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,506.4	+0.075%	$608K	$9.0M	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,505.9	+0.039%	$407.6M	$834.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,505.3	+0.002%	$102.8M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505.8	+0.033%	$162.9M	$295.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,505	−0.022%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,506.9	+0.109%	$49.9M	$35.9M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,506.7	+0.095%	$556K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,506.8	+0.097%	$3.1M	$533K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505.9	+0.041%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USDlong	+0.0100%	1h	1,505.3	long leg	$374K	$1.7M	10x
Bullet ZEC-USD	+0.0100%	1h	1,505.7	+0.023%	$168K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,506.3	+0.064%	$450K	$419K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,508.2	+0.189%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,506	+0.045%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,504.8	−0.035%	$2.7M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,506.2	+0.056%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,505.4	+0.004%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,505.2	−0.004%	$44K	$153K	20x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,505.2	−0.010%	$966K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0159% / S −0.0163%	1h	1,505.4	+0.004%	$334K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0221%	1h	1,506.4	+0.072%	$689K	$1.4M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0362%	1h	1,506	+0.049%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,506.7	+0.094%	$3.8M	$10.0M	50x	as long as short