Funding you earn now, next payment 23:00 UTC+0.0166%/8h= +18.1% APRnext payment +$0.21 per $10,000 · paid last 24h +0.118%
Price spread now: Backpack against ApeX Omni−0.318%84s7-day average +0.493% · you buy dearer than you sell
Net, funding: paid 7d − costs+$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$460.457% of the position
Funding, last 7 days+0.839%+$84 on $10k
+Price spread, last 7 days−0.593%−$59 · spread now −0.318%, 7d avg +0.493%
=Funding pays, the price is against you. Backpack is 0.811% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.318% now, against its 7-day average of +0.493%). If the spread goes back, that is −$81 on $10k: about 16 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.839% in total) that is about 6.8 days. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ZECUSDT | 1,466.8 | 0.0100 | pay 0.0013% / 1h | 51m 44s | $431K | $818K | 50x |
| Short | Backpack ZEC_USDC_PERP | 1,462.2 | 0.0266 | get 0.0033% / 1h | 51m 44s | $2.3M | $4.0M | 15x |
ApeX Omni ZECUSDT
Backpack ZEC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. 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
- $34.76
- Price spread: −0.318% → +0.493%
- −$81.09
- Slippage, 4 orders
- −$25.71
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$92.04
- Costs to cover
- 0.457%
- Break-even
- 25.5 days
Slippage from ApeX Omni: live order book, 32 min ago; Backpack: live order book, 2 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 ApeX Omni live order book, 32 min ago | 2.89 bp | 7.9 bp −$8 | 30.7 bp −$307 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 0.03 bp | 7.2 bp −$7 | 20.6 bp −$206 | 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 | −0.3310% | 1h | 1,462.9 | −0.265% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0406% | 1h | 1,461.1 | −0.389% | $17.7M | $44.6M | 25x | as long as short |
| BloFin ZEC-USDT | −0.0094% | 8h | 1,461.5 | −0.365% | $28.9M | $75.7M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,462.3 | −0.312% | $6K | $2K | 10x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0064% | 1h | 1,466 | −0.056% | $398K | $518K | 5x | as long as short |
| Bybit ZECUSDT | −0.0046% | 8h | 1,459.6 | −0.493% | $269.6M | $677.4M | 75x | as long as short |
| Variational Omni ZEC | −0.0022% | 8h | 1,467.5 | +0.048% | $46.8M | $34.4M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,462.8 | −0.275% | $412K | $106K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,462 | −0.327% | $937K | $5.6M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,460.5 | −0.428% | $83K | $401K | 10x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Ondo Perps ZEC-USD.P
Bybit ZECUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ZEC_USDC-PERPETUAL | 0.0000% | 1h | 1,461.9 | −0.332% | $595K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,461.1 | −0.393% | $5.2M | — | 150x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0009% / S +0.0078% | 1h | 1,460.8 | −0.413% | $558K | — | 100x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,461 | −0.397% | $293K | $1.5M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0048% | 1h | 1,461.5 | −0.363% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,460.1 | −0.459% | $175.2M | $1.36B | 50x | as long as short |
| Gate ZEC_USDT | +0.0057% | 8h | 1,460.5 | −0.428% | $49.8M | $183.5M | 75x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,467 | +0.012% | $4.6M | $1.6M | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,461.2 | −0.382% | $14K | $862K | 10x | as long as short |
| Lighter ZEC | +0.0096% | 1h | 1,461.2 | −0.381% | $18.9M | $52.3M | 20x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,460.8 | −0.408% | $173K | $2.0M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,461.5 | −0.365% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,462.5 | −0.296% | $2.5M | $7.0M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,461.2 | −0.383% | $758.0M | $488.7M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,460.5 | −0.432% | $15.3M | $33.7M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,462.5 | −0.296% | $1.7M | $3.1M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,460.4 | −0.438% | $669.9M | $2.53B | 75x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,460.8 | −0.411% | $899K | $25K | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,460.6 | −0.424% | $220.3M | $851.0M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,460.9 | −0.401% | $103.1M | $56.9M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,460.2 | −0.451% | $161.7M | $309.6M | 75x | as long as short |
| BingX ZEC-USDC | +0.0100% | 8h | 1,459.7 | −0.486% | — | $6.7M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,467.7 | +0.063% | $511K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,466.2 | −0.039% | $3.0M | $492K | 10x | as long as short |
| ApeX Omni ZECUSDTlong | +0.0100% | 1h | 1,466.8 | long leg | $431K | $818K | 50x | |
| StandX ZEC-USD | +0.0100% | 1h | 1,462.1 | −0.322% | $109K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,460.7 | −0.417% | $343K | $2.0M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,460.4 | −0.440% | $127K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,459.2 | −0.516% | $446K | $503K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,463 | −0.258% | $3K | $1.3M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,461.1 | −0.392% | $222K | $4.7M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,461 | −0.397% | $2.4M | $24.1M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,461.3 | −0.374% | $3.8M | $5.4M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,461.2 | −0.383% | $3.3M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,461.3 | −0.375% | $36K | $362K | 20x | as long as short |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,461.7 | −0.346% | $842K | $1.8M | 10x | as long as short |
| Backpack ZEC_USDC_PERPshort | +0.0266% | 1h | 1,462.2 | −0.318% | $2.3M | $4.0M | 15x | |
| Lighter RH ZEC | +0.0424% | 1h | 1,463.3 | −0.243% | $2.0M | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,464.2 | −0.182% | $3.7M | $11.7M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,462.3 | −0.311% | $741K | $8.1M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0520% | 1h | 1,464 | −0.194% | $40K | $34K | 10x | as long as short |
Deribit ZEC_USDC-PERPETUAL
gTrade (Gains Network) ZEC/USD
GMX ZEC/USD [WBTC.b-USDC]
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Gate ZEC_USDT
Phoenix ZEC
Katana Perps ZEC-USD
Lighter ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bulk ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps 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
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD