Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: Polymarket Perps against Phemex+0.075%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 3 days (all we have)−0.267%−$27 · spread now +0.075%, 7d avg −0.039%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.114% dearer against Phemex than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ZECUSDT | 1,471 | 0.0100 | pay 0.0100% / 8h | 7h 27m | $3.9M | $5.3M | 50x |
| Short | Polymarket Perps ZEC-USD | 1,472.1 | 0.0100 | get 0.0013% / 1h | 27m 59s | $341K | $1.7M | 10x |
Phemex ZECUSDT
Polymarket Perps ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.075% → −0.039%
- $11.39
- Slippage, 4 orders
- −$26.04
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$34.65
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; Polymarket Perps: live order book, 6 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 Phemex live order book, 6 min ago | 3.67 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 6 min ago | 2.72 bp | 7.4 bp −$7 | 9.3 bp −$93 | 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 | −0.3321% | 1h | 1,472.4 | +0.093% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,470.5 | −0.033% | $17.8M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0113% | 1h | 1,467.9 | −0.211% | $399K | $517K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0109% | 8h | 1,470.3 | −0.045% | $29.7M | $73.1M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.1 | +0.077% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0053% | 8h | 1,469 | −0.133% | $47.6M | $33.8M | — | as long as short |
| Bybit ZECUSDT | −0.0019% | 8h | 1,470.1 | −0.060% | $274.0M | $634.0M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472.1 | +0.074% | $415K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,472.1 | +0.077% | $959K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,472.2 | +0.083% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow 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 | 1,471.5 | +0.032% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,470.8 | −0.015% | $294K | $1.3M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,471.6 | +0.041% | $8K | $8K | 5x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0030% | 1h | 1,471.5 | +0.034% | $605K | $1.3M | 25x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0050% | 8h | 1,470.1 | −0.065% | $181.9M | $1.30B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,470.8 | −0.014% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,471.4 | +0.027% | $378K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,472.1 | +0.076% | $175K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,472 | +0.070% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,472.1 | +0.072% | $61K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.4 | +0.097% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,471.4 | +0.027% | $763.1M | $455.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.8 | −0.011% | $14.9M | $31.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472.3 | +0.085% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,470.4 | −0.040% | $684.6M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,473.4 | +0.165% | $698K | $8.5M | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,470.5 | −0.034% | $51.3M | $179.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470.2 | −0.052% | $231.4M | $826.1M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,471.2 | +0.011% | $104.8M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,470.4 | −0.041% | $163.6M | $292.7M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,470.4 | −0.039% | — | $100.2M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469.6 | −0.093% | $572K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.9 | −0.005% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.9 | −0.076% | $430K | $866K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.2 | −0.052% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USDshort | +0.0100% | 1h | 1,472.1 | +0.075% | $341K | $1.7M | 10x | |
| Bullet ZEC-USD | +0.0100% | 1h | 1,471.6 | +0.038% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,469.3 | −0.113% | $458K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,474.3 | +0.226% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,470.5 | −0.035% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,471.9 | +0.061% | $2.5M | $21.3M | 75x | as long as short |
| Phemex ZECUSDTlong | +0.0100% | 8h | 1,471 | long leg | $3.9M | $5.3M | 50x | |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471.7 | +0.048% | $895K | $24K | 10x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.4 | −0.044% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,471 | +0.003% | $56K | $167K | 20x | as long as short |
| Lighter ZEC | +0.0200% | 1h | 1,471.7 | +0.046% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,472.9 | +0.128% | $853K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,472.9 | +0.127% | $3.8M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0539% | 1h | 1,471.3 | +0.020% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0772% | 1h | 1,471.9 | +0.059% | $44K | $46K | 10x | as long as short |
| Lighter RH ZEC | +0.0800% | 1h | 1,472.7 | +0.115% | $2.0M | $8.1M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
Deribit ZEC_USDC-PERPETUAL
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Bulk ZEC-USD
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC