Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h +0.050%

Price spread now: BloFin against ApeX Omni+0.542%7-day average +0.166% · you sell dearer than you buy

Net, funding: paid 7d − costs+$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.809%+$81 on $10k

Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.542%, 7d avg +0.166%

Together, before fees+0.727%+$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.376% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.542% now, against its 7-day average of +0.166%): +$38 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 6.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.809%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZECUSDT	1,445.6	0.0100	pay 0.0013% / 1h	27m 45s	$702K	$608K	50x
Short	BloFin ZEC-USDT	1,453.5	−0.0092	pay 0.0092% / 8h	2h 27m	$29.0M	$75.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.542%Rate

Funding earned: −$40.32
Price spread: +0.542% → +0.166%: $37.59
Slippage, 4 orders: −$25.39
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$50.12
Costs to cover: 0.474%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 61 min ago; BloFin: 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 ApeX Omni live order book, 61 min ago	4.31 bp	9.3 bp −$9	31.9 bp −$319	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.04 bp	6.0 bp −$6	6.9 bp −$69	10.0 bp −$1,003	12.8 bp −$6,412

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	1,433.1	−0.864%	$33K	$275K	12x	as long as short
BloFin ZEC-USDTshort	−0.0092%	8h	1,453.5	+0.542%	$29.0M	$75.2M	75x
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.1	+0.724%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,455.6	+0.691%	$17.7M	$44.7M	25x	as long as short
Variational Omni ZEC	−0.0001%	8h	1,443	−0.179%	$45.4M	$32.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.8	+0.843%	$411K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,457.3	+0.804%	$914K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,455.7	+0.695%	$83K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,456.5	+0.752%	$593K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.1	+0.722%	$5.2M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0011%	8h	1,457.9	+0.849%	$268.3M	$675.7M	75x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,455.9	+0.713%	$292K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0026% / S +0.0072%	1h	1,455.9	+0.713%	$547K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0056%	8h	1,458.6	+0.895%	$172.9M	$1.36B	50x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,455.9	+0.708%	$8K	$8K	5x	as long as short
Gate ZEC_USDT	+0.0079%	8h	1,458.4	+0.881%	$49.4M	$189.8M	75x	as long as short
Aster ZECUSDT	+0.0090%	8h	1,458	+0.854%	$15.4M	$34.6M	75x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,456.1	+0.726%	$13K	$873K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,458.7	+0.903%	$18.8M	$54.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,456.5	+0.748%	$173K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,458.5	+0.890%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,455.6	+0.691%	$2.5M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.5	+0.890%	$753.7M	$496.6M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,458.1	+0.865%	$1.6M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,458	+0.854%	$664.6M	$2.53B	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,441.6	−0.279%	$392K	$516K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,445	−0.043%	$890K	$32K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,458.4	+0.885%	$216.7M	$894.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,458.3	+0.876%	$103.4M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,458	+0.856%	$161.3M	$313.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,457.9	+0.847%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,458.3	+0.876%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,444.1	−0.105%	$485K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,445.8	+0.009%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,445.6	long leg	$702K	$608K	50x
StandX ZEC-USD	+0.0100%	1h	1,450.5	+0.333%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.4	+0.745%	$350K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,455.7	+0.694%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,454.6	+0.621%	$442K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,457.6	+0.827%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,455.8	+0.701%	$221K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.7	+0.836%	$2.4M	$25.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.2	+0.797%	$3.8M	$5.4M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.1	+0.445%	$4.5M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,458.8	+0.908%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,455.9	+0.710%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,457.3	+0.805%	$870K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,457.3	+0.804%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0459%	1h	1,450.9	+0.361%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,458.7	+0.905%	$754K	$8.0M	10x	as long as short
Lighter RH ZEC	+0.0680%	1h	1,460	+0.996%	$2.0M	$8.5M	10x	as long as short