Funding you earn now, next payment 01:00 UTC−0.3421%/8h= −374.5% APRnext payment −$4.28 per $10,000 · paid last 24h −0.501%
Price spread now: Injective against Polymarket Perps+0.195%51s7-day average +0.101% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.104%−$210 on $10k
+Price spread, last 3 days (all we have)−0.273%−$27 · spread now +0.195%, 7d avg +0.101%
=The price spread pays, funding is against you. Injective is 0.095% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.195% now, against its 7-day average of +0.101%): +$9 on $10k if it goes back. Holding the pair costs −$103 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−2.104% in total) that is about 8 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.104% in total (about -109.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ZEC-USD | 1,468.6 | 0.0100 | pay 0.0013% / 1h | 35m 47s | $332K | $1.7M | 10x |
| Short | Injective ZEC/USDC PERP | 1,471.5 | −0.3321 | pay 0.0415% / 1h | 35m 47s | $34K | $275K | 12x |
Polymarket Perps ZEC-USD
Injective ZEC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$718.31
- Price spread: +0.195% → +0.101%
- $9.49
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$716.84
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: live order book, 3 min ago; Injective: live order book, 38 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, 3 min ago | 2.38 bp | 7.7 bp −$8 | 10.5 bp −$105 | 31.2 bp −$3,125 | doesn't fit |
| Sell Injective live order book, 38 min ago | 61.95 bp | doesn't fit | doesn't fit | 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 PERPshort | −0.3321% | 1h | 1,471.5 | +0.195% | $34K | $275K | 12x | |
| Kraken Futures PF_ZECUSD | −0.0343% | 1h | 1,468.9 | +0.018% | $17.8M | $43.0M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0158% | 1h | 1,468 | −0.041% | $399K | $518K | 5x | as long as short |
| Bybit ZECUSDT | −0.0119% | 8h | 1,468.1 | −0.036% | $274.2M | $638.0M | 75x | as long as short |
| BloFin ZEC-USDT | −0.0103% | 8h | 1,470.2 | +0.110% | $29.8M | $73.3M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,470.7 | +0.146% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0056% | 8h | 1,468.2 | −0.029% | $47.6M | $34.2M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,468.6 | −0.003% | $414K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,469.6 | +0.069% | $957K | $5.3M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,468.7 | +0.009% | $83K | $405K | 10x | as long as short |
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
Bybit ZECUSDT
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
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 | 1,469 | +0.030% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,468.6 | −0.003% | $293K | $1.4M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0040% | 1h | 1,468.9 | +0.023% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0043% | 8h | 1,468.5 | −0.006% | $181.7M | $1.30B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,470.9 | +0.153% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0054% / S −0.0010% | 1h | 1,469 | +0.027% | $378K | — | 100x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0066% | 1h | 1,469.4 | +0.058% | $611K | $1.3M | 25x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,468.8 | +0.015% | $175K | $1.9M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,468.4 | −0.011% | $60K | $39K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,469 | +0.029% | $14K | $834K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,469.3 | +0.048% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,470 | +0.097% | $762.8M | $454.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,468.4 | −0.013% | $14.9M | $31.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,469.1 | +0.035% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,468.9 | +0.018% | $683.5M | $2.39B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,470.3 | +0.113% | $700K | $8.5M | 10x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,471 | +0.162% | $895K | $25K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,468.7 | +0.006% | $51.3M | $178.9M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,468.7 | +0.003% | $231.0M | $824.7M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,468.4 | −0.016% | $104.7M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,468.8 | +0.011% | $163.3M | $293.6M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,468.7 | +0.009% | — | $100.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,470.6 | +0.135% | $572K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,471.5 | +0.199% | $3.0M | $466K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,471.4 | +0.193% | $430K | $860K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.1 | +0.099% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USDlong | +0.0100% | 1h | 1,468.6 | long leg | $332K | $1.7M | 10x | |
| Bullet ZEC-USD | +0.0100% | 1h | 1,468.9 | +0.017% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,466.9 | −0.118% | $457K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,471.1 | +0.169% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,468.7 | +0.009% | $242K | $4.1M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,469.4 | +0.054% | $2.5M | $21.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,469.7 | +0.076% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,468.7 | +0.007% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,468.5 | −0.006% | $58K | $183K | 20x | as long as short |
| Lighter ZEC | +0.0176% | 1h | 1,470.2 | +0.107% | $19.2M | $50.3M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,469.4 | +0.058% | $840K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,471.2 | +0.175% | $3.8M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0533% | 1h | 1,469.2 | +0.037% | $2.5M | $3.9M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0767% | 1h | 1,471.4 | +0.194% | $44K | $48K | 10x | as long as short |
| Lighter RH ZEC | +0.0768% | 1h | 1,471 | +0.163% | $2.0M | $8.1M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Deribit ZEC_USDC-PERPETUAL
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Bulk 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
Phemex ZECUSDT
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