Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.111%

Price spread now: Binance against ApeX Omni−0.177%49s7-day average +0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs+$49as 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

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.949%+$95 on $10k

Price spread, last 7 days+0.278%+$28 · spread now −0.177%, 7d avg +0.135%

Together, before fees+1.227%+$123 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.312% cheaper against ApeX Omni than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.135%. The two prices were read 49 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	1,451.4	0.0100	pay 0.0013% / 1h	34m 39s	$706K	$607K	50x
Short	Binance ZECUSDT	1,448.8	0.0100	get 0.0100% / 8h	2h 34m	$659.3M	$2.53B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.177%Rate

Funding earned: $0
Price spread: −0.177% → +0.135%: −$31.23
Slippage, 4 orders: −$25.65
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$76.88
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 54 min ago; Binance: live order book, 9 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, 54 min ago	4.31 bp	9.3 bp −$9	31.9 bp −$319	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.03 bp	5.0 bp −$5	6.3 bp −$63	15.0 bp −$1,498	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	−0.3476%	1h	1,438.5	−0.889%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,448.8	−0.178%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,449.2	−0.156%	$17.6M	$44.4M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,450	−0.096%	$28.8M	$74.7M	75x	as long as short
Variational Omni ZEC	−0.0009%	8h	1,449.1	−0.159%	$45.6M	$32.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,448	−0.232%	$408K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,449.8	−0.110%	$897K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,449.8	−0.113%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,449.9	−0.103%	$590K	$1.3M	25x	as long as short
Bybit ZECUSDT	+0.0004%	8h	1,448.2	−0.225%	$268.0M	$675.0M	75x	as long as short

Show 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	1,450	−0.101%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,449.3	−0.143%	$291K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0030% / S +0.0070%	1h	1,449.3	−0.146%	$543K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0054%	8h	1,448.3	−0.212%	$171.6M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0070%	8h	1,448.7	−0.190%	$49.0M	$187.0M	75x	as long as short
Aster ZECUSDT	+0.0075%	8h	1,448.3	−0.215%	$15.2M	$34.7M	75x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,448.5	−0.199%	$8K	$8K	5x	as long as short
Ondo Perps ZEC-USD.P	+0.0093%	1h	1,448.2	−0.221%	$394K	$518K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,448.1	−0.228%	$13K	$871K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,449.5	−0.132%	$18.7M	$54.3M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,447.9	−0.240%	$177K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,448.6	−0.193%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,450	−0.100%	$3.0M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,448.7	−0.187%	$749.9M	$490.7M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,448.9	−0.174%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDTshort	+0.0100%	8h	1,448.8	−0.177%	$659.3M	$2.53B	75x
Bulk ZEC-USD	+0.0100%	1h	1,452.5	+0.075%	$895K	$33K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,448.8	−0.177%	$219.0M	$888.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,448.2	−0.223%	$103.4M	$56.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,448.3	−0.212%	$160.9M	$312.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,447.9	−0.244%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,450	−0.100%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.9	−0.035%	$487K	$9.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,450.3	−0.079%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,451.4	long leg	$706K	$607K	50x
StandX ZEC-USD	+0.0100%	1h	1,451.1	−0.022%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,449.6	−0.125%	$298K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,449.7	−0.121%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,447.9	−0.240%	$440K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,451.5	+0.003%	$4K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,449.4	−0.136%	$220K	$4.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,449.6	−0.123%	$2.4M	$24.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,449.9	−0.103%	$3.7M	$5.3M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.3	+0.063%	$4.6M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,448.7	−0.189%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,449.5	−0.131%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,448.8	−0.178%	$865K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,452.2	+0.055%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0443%	1h	1,451.6	+0.016%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,450.6	−0.058%	$756K	$7.9M	10x	as long as short
Lighter RH ZEC	+0.0736%	1h	1,450.6	−0.054%	$1.9M	$8.4M	10x	as long as short