Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0215%/8h= +23.6% APRpaid last 24h +0.012%

Price spread now: Polymarket Perps against Bybit−0.096%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.223%−$22 on $10k

Price spread, last 7 days−0.108%−$11 · spread now −0.096%, 7d avg −0.020%

Together, before fees−0.331%−$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.075% cheaper against Bybit than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.020%). If the spread goes back, that is −$8 on $10k: about 28 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.223%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZECUSDT	1,470.9	−0.0115	get 0.0115% / 8h	25m 06s	$275.1M	$653.1M	75x
Short	Polymarket Perps ZEC-USD	1,469.5	0.0100	get 0.0013% / 1h	25m 06s	$343K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.096%Rate

Funding earned: $45.19
Price spread: −0.096% → −0.020%: −$7.55
Slippage, 4 orders: −$7.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $11.27
Costs to cover: 0.264%
Break-even: 5.3 days

Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 4 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 Bybit live order book, 4 min ago	0.03 bp	5.6 bp −$6	7.8 bp −$78	18.6 bp −$1,861	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.70 bp	7.6 bp −$8	9.5 bp −$95	doesn't fit	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	−0.3089%	1h	1,472.9	+0.137%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0269%	1h	1,468.3	−0.177%	$399K	$515K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,471.2	+0.017%	$17.9M	$44.3M	25x	as long as short
Bybit ZECUSDTlong	−0.0115%	8h	1,470.9	long leg	$275.1M	$653.1M	75x
BloFin ZEC-USDT	−0.0102%	8h	1,470.8	−0.006%	$29.7M	$75.1M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,469.8	−0.079%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0060%	8h	1,471.8	+0.057%	$46.8M	$33.9M	—	as long as short
ApeX Omni ZECUSDT	−0.0006%	1h	1,470.3	−0.044%	$431K	$842K	50x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.8	−0.143%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.6	−0.156%	$901K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,469.4	−0.101%	$83K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470.1	−0.053%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0013%	8h	1,470.5	−0.031%	$295K	$1.4M	20x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	1,469.9	−0.071%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0024%	1h	1,470.8	−0.010%	$4.6M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0039%	8h	1,471.5	+0.041%	$180.9M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0043%	8h	1,471.5	+0.037%	$50.7M	$186.7M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,470.1	−0.053%	$371K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,473	+0.140%	$19.2M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.5	−0.099%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,468.5	−0.165%	$13K	$834K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468.7	−0.147%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,469.7	−0.080%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.4	+0.101%	$763.3M	$474.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,471.4	+0.036%	$15.0M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,469.5	−0.094%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.4	+0.035%	$684.5M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,470.8	−0.006%	$701K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,469.8	−0.079%	$894K	$39K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,471.3	+0.029%	$233.4M	$839.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.2	+0.022%	$103.6M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.6	+0.046%	$163.1M	$301.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,471.4	+0.033%	—	$102.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,470.6	−0.022%	$513K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473.2	+0.153%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,471.9	+0.067%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,469.5	−0.096%	$343K	$1.8M	10x
Bullet ZEC-USD	+0.0100%	1h	1,469.7	−0.083%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.9	−0.137%	$448K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472	+0.075%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,470.5	−0.031%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,470.6	−0.024%	$2.5M	$23.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,471.7	+0.054%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.9	−0.001%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.2	−0.050%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,470.1	−0.056%	$824K	$1.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0158%	1h	1,471.5	+0.037%	$614K	$1.3M	25x	as long as short
Backpack ZEC_USDC_PERP	+0.0414%	1h	1,472.3	+0.095%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,473.6	+0.186%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0456%	1h	1,472.6	+0.114%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0725%	1h	1,471.4	+0.032%	$46K	$47K	10x	as long as short