ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h +0.056%

Price spread now: Polymarket Perps against Kraken Futures−0.109%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 4 days (all we have)−1.385%−$139 · spread now −0.109%, 7d avg −0.044%

Together, before fees−1.258%−$126 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Polymarket Perps is 0.065% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.044%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.127%, 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	Kraken Futures PF_ZECUSD	1,458.8	0.0195	pay 0.0024% / 1h	30m 15s	$18.0M	$44.7M	25x
Short	Polymarket Perps ZEC-USD	1,457.2	0.0100	get 0.0013% / 1h	30m 15s	$331K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Kraken Futures. 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 Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$20.01
Price spread: −0.109% → −0.044%: −$6.54
Slippage, 4 orders: −$14.42
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$58.97
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Polymarket Perps: live order book, 3 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 Kraken Futures live order book, 4 min ago	2.62 bp	11.3 bp −$11	13.9 bp −$139	23.8 bp −$2,381	105.4 bp −$52.7K
Sell Polymarket Perps live order book, 3 min ago	1.38 bp	5.4 bp −$5	7.7 bp −$77	27.9 bp −$2,790	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	−0.3244%	1h	1,438.9	−1.361%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0081%	8h	1,456.9	−0.133%	$29.3M	$71.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,453.5	−0.366%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,456.8	−0.137%	$410K	$44K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,455	−0.259%	$1.4M	$5.1M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.9	−0.132%	$83K	$248K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.8	−0.071%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0043%	8h	1,457.5	−0.091%	$291K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,457.6	−0.085%	$409K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,453.2	−0.382%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,457	−0.121%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,459.4	+0.044%	$25K	$868K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,457	−0.122%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457.2	−0.113%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,459.2	+0.028%	$763.6M	$438.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,457.4	−0.095%	$14.5M	$28.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457.6	−0.084%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.9	−0.063%	$667.8M	$2.27B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,457.5	−0.089%	$266.5M	$612.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,457.7	−0.075%	$179.0M	$1.24B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,456.1	−0.185%	$396K	$435K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,451.2	−0.519%	$879K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,458.1	−0.051%	$49.6M	$173.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,458	−0.055%	$215.0M	$775.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.9	−0.061%	$102.4M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459	+0.016%	$162.2M	$278.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,457.7	−0.073%	—	$97.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,457.5	−0.089%	$2.4M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,454.2	−0.313%	$47.0M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.2	−0.386%	$565K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,453.1	−0.393%	$3.0M	$419K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,452.9	−0.403%	$408K	$905K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,454.2	−0.318%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USDshort	+0.0100%	1h	1,457.2	−0.109%	$331K	$1.8M	10x
Bullet ZEC-USD	+0.0100%	1h	1,458	−0.055%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.1	−0.185%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,461.6	+0.195%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,458.9	+0.009%	$233K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.8	−0.069%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,459.3	+0.035%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,458.4	−0.029%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,458.7	−0.004%	$47K	$156K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,457.9	−0.063%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSDlong	+0.0195%	1h	1,458.8	long leg	$18.0M	$44.7M	25x
Lighter ZEC	+0.0208%	1h	1,458.2	−0.038%	$19.0M	$46.5M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,458.9	+0.004%	$707K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0344%	1h	1,459.5	+0.048%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,457.4	−0.097%	$831K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,460.3	+0.104%	$3.7M	$9.2M	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0525%	1h	1,459.9	+0.077%	$614K	$1.3M	25x	as long as short
Aftermath Perps ZECUSD	+0.0700%	1h	1,454.7	−0.282%	$45K	$49K	10x	as long as short