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Funding arb · Price arb /

ZEC

all ZEC markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 11:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.026%
Price spread now: gTrade (Gains Network) against Polymarket Perps+0.471%175s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2812.814% of the position
Long on Polymarket PerpsShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.083%−$8 on $10k
Price spread, last 7 days−0.407%−$41 · spread now +0.471%, 7d avg +0.013%
Together, before fees−0.490%−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. gTrade (Gains Network) is 0.458% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.471% now, against its 7-day average of +0.013%): +$46 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 days. The two prices were read 175 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ZEC-USD1,496.50.0100pay 0.0013% / 1h50m 36s$367K$1.6M10x
ShortgTrade (Gains Network) ZEC/USD1,503.6L +0.0007% / S −0.0006%get 0.0001% / 1h50m 36s$5.4M—150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$19.7
Price spread: +0.471% → +0.013%
$45.83
Slippage, 4 orders
−$263.36
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$255.22
Costs to cover
2.814%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle exchange), 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 1 min ago1.67 bp5.7 bp −$69.9 bp −$99doesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle exchange), 2 min ago130.01 bp135.0 bp −$135584.7 bp −$5,847doesn't fitdoesn't fit

ZEC on 50 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.4130%1h1,490.6−0.396%$36K$267K12xas long as short
BloFin ZEC-USDT−0.0200%8h1,499.7+0.217%$32.0M$72.6M75xas long as short
Ondo Perps ZEC-USD.P−0.0174%1h1,500.4+0.261%$408K$498K5xas long as short
Aftermath Perps ZECUSD−0.0091%1h1,503.1+0.442%$46K$58K10xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,503.6+0.474%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,497.1+0.039%$412K$37K5xas long as short
Kalshi KXZECPERP0.0000%8h1,501.5+0.336%$1.5M$4.9M2.2xas long as short
Perpl ZEC0.0000%43m1,502+0.367%$63K$300K10xas long as short
gTrade (Gains Network) ZEC/USDshortL +0.0007% / S −0.0006%1h1,503.6+0.471%$5.4M—150x
ApeX Omni ZECUSDT+0.0024%1h1,503.4+0.458%$411K$949K50xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange ZECUSD+0.0024%1h1,497.1+0.039%$8K$6K5xas long as short
RISEx ZEC/USDC+0.0032%1h1,499.2+0.178%$921K$1.3M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0045%1h1,500.3+0.253%$683K$1.3M25xas long as short
Phoenix ZEC+0.0060%1h1,503.9+0.494%$4.8M$1.3M10xas long as short
Orderly PERP_ZEC_USDC+0.0069%8h1,499.2+0.182%$303K$855K20xas long as short
Aster ZECUSDT+0.0089%8h1,496.4−0.007%$14.0M$27.3M75xas long as short
Lighter ZEC+0.0096%1h1,497.4+0.060%$19.9M$39.0M20xas long as short
Lighter RH ZEC+0.0096%1h1,497.8+0.088%$2.0M$7.1M10xas long as short
Popdex ZECUSDT+0.0096%1h1,496.7+0.010%$169K$1.4M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,496−0.031%$25K$878K10xas long as short
Kraken Futures PF_ZECUSD+0.0099%1h1,500+0.232%$18.5M$46.1M25xas long as short
Paradex ZEC-USD-PERP+0.0099%8h1,495.8−0.048%$62K$14K10xas long as short
Nado ZEC-PERP+0.0100%1h1,496.9+0.027%$3.1M$7.1M10xas long as short
Hyperliquid ZEC+0.0100%1h1,497.2+0.047%$786.5M$430.5M10xas long as short
Pacifica ZEC+0.0100%1h1,496.8+0.019%$1.7M$1.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,496.6+0.007%$704.6M$2.19B75xas long as short
Bybit ZECUSDT+0.0100%8h1,496.1−0.026%$274.3M$588.7M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,496.4−0.005%$185.0M$1.30B50xas long as short
Arcus ZEC-USD+0.0100%1h1,497.3+0.051%$593K$8.4M10xas long as short
Gate ZEC_USDT+0.0100%8h1,496−0.034%$62.4M$171.9M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,496.5+0.003%$177.3M$824.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,495.8−0.048%$104.8M$52.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,497.3+0.054%$163.6M$278.9M75xas long as short
BingX ZEC-USDT+0.0100%8h1,496.5−0.001%—$122.1M—as long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,499.8+0.220%$2.2M$3.7M15xas long as short
Variational Omni ZEC+0.0100%8h1,499.2+0.180%$49.3M$34.0M—as long as short
edgeX ZECUSDC+0.0100%4h1,503.4+0.458%$549K$8.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,503+0.436%$3.1M$601K10xas long as short
StandX ZEC-USD+0.0100%1h1,499.5+0.198%$111K$4.5M30xas long as short
Polymarket Perps ZEC-USDlong+0.0100%1h1,496.5long leg$367K$1.6M10x
Bullet ZEC-USD+0.0100%1h1,499.5+0.200%$167K$188K20xas long as short
SunX ZEC-USDT+0.0100%8h1,501.7+0.347%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,499.5+0.200%$257K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,498+0.100%$2.6M$20.5M75xas long as short
Phemex ZECUSDT+0.0100%8h1,500+0.236%$4.0M$4.8M50xas long as short
Bulk ZEC-USD+0.0100%1h1,505.5+0.603%$781K$158K10xas long as short
Extended ZEC-USD+0.0104%1h1,496.3−0.011%$2.7M$7.1M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,498.8+0.155%$37K$163K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0186% / S −0.0197%1h1,502.3+0.389%$350K—100xas long as short
Coinbase International ZEC-PERP-INTX+0.0352%1h1,501.2+0.317%$3.9M$9.5M50xas long as short