Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h +0.114%
Price spread now: Gate against ApeX Omni+0.062%66s7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs+$32as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$600.604% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.928%+$93 on $10k
Price spread, last 7 days+0.062%+$6 · spread now +0.062%, 7d avg +0.135%
Together, before fees+0.990%+$99 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.073% cheaper against ApeX Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.135%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.928%, so the current rate has only just turned against you. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZECUSDT1,450.50.0100pay 0.0013% / 1h52m 28s$705K$604K50x
ShortGate ZEC_USDT1,451.40.0065get 0.0065% / 8h2h 52m$49.3M$185.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
−$7.35
Price spread: +0.062% → +0.135%
−$7.31
Slippage, 4 orders
−$35.39
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$75.05
Costs to cover
0.604%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 36 min ago; Gate: live order book, 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 ApeX Omni live order book, 36 min ago4.31 bp9.3 bp −$931.9 bp −$319doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago0.62 bp12.5 bp −$1217.0 bp −$17028.3 bp −$2,82556.8 bp −$28.4K

ZEC on 51 venues

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−0.3476%1h1,437.6−0.889%$33K$275K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,453.9+0.231%$6K$2K10xas long as short
Kraken Futures PF_ZECUSD−0.0071%1h1,453.2+0.185%$17.6M$44.7M25xas long as short
BloFin ZEC-USDT−0.0067%8h1,453.9+0.232%$29.0M$75.8M75xas long as short
Variational Omni ZEC−0.0034%8h1,451.4+0.061%$45.5M$32.3Mas long as short
Bybit ZECUSDT−0.0014%8h1,450.9+0.029%$268.7M$677.5M75xas long as short
dYdX ZEC-USD0.0000%1h1,454.8+0.296%$410K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,453.3+0.194%$850K$5.5M2.2xas long as short
Perpl ZEC0.0000%43m1,451.7+0.080%$82K$400K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,454.6+0.279%$566K$1.3M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,451.5+0.068%$5.1M150xas long as short
Orderly PERP_ZEC_USDC+0.0007%8h1,451.3+0.052%$291K$1.5M20xas long as short
OKX ZEC-USDT-SWAP+0.0035%8h1,451.8+0.088%$172.1M$1.36B50xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0039% / S +0.0063%1h1,451.4+0.060%$539K100xas long as short
Aster ZECUSDT+0.0053%8h1,452.8+0.156%$15.1M$35.2M75xas long as short
Gate ZEC_USDTshort+0.0065%8h1,451.4+0.062%$49.3M$185.2M75x
01 Exchange ZECUSD+0.0088%1h1,452.4+0.132%$8K$8K5xas long as short
Katana Perps ZEC-USD+0.0095%8h1,451.9+0.097%$17K$886K10xas long as short
Popdex ZECUSDT+0.0096%1h1,451.9+0.093%$177K$2.0M50xas long as short
MEXC ZEC_USDT+0.0097%8h1,451.4+0.064%$218.0M$880.1M150xas long as short
Binance ZECUSDT+0.0099%8h1,451.4+0.058%$658.3M$2.55B75xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,452.9+0.166%$60K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,452.9+0.162%$3.0M$6.8M10xas long as short
Hyperliquid ZEC+0.0100%1h1,452.3+0.123%$750.9M$492.8M10xas long as short
Pacifica ZEC+0.0100%1h1,454.4+0.269%$1.6M$3.1M10xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,449.8−0.049%$393K$522K5xas long as short
Bulk ZEC-USD+0.0100%1h1,454.9+0.302%$896K$37K10xas long as short
KuCoin ZECUSDTM+0.0100%8h1,452.4+0.130%$103.6M$57.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,451.4+0.061%$161.8M$317.0M75xas long as short
BingX ZEC-USDC+0.0100%8h1,451.9+0.094%$6.8Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,454.8+0.296%$2.3M$4.2M15xas long as short
edgeX ZECUSDC+0.0100%4h1,453.8+0.228%$488K$9.7M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,452.9+0.166%$3.0M$501K10xas long as short
ApeX Omni ZECUSDTlong+0.0100%1h1,450.5long leg$705K$604K50x
StandX ZEC-USD+0.0100%1h1,454.2+0.255%$109K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,451.1+0.041%$298K$2.1M10xas long as short
Bullet ZEC-USD+0.0100%1h1,451.3+0.056%$127K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,452.5+0.136%$442K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,456.7+0.423%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,453.4+0.202%$220K$4.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,453+0.172%$2.4M$25.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,453.5+0.203%$3.7M$5.5M50xas long as short
Phoenix ZEC+0.0103%1h1,452.3+0.120%$4.6M$1.6M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,451.4+0.063%$36K$362K20xas long as short
Lighter ZEC+0.0144%1h1,455.3+0.333%$18.8M$53.6M20xas long as short
RISEx ZEC/USDC+0.0219%1h1,453+0.170%$862K$2.5M10xas long as short
Extended ZEC-USD+0.0352%1h1,452.7+0.151%$3.3M$7.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0440%1h1,455.2+0.325%$3.7M$11.6M50xas long as short
Aftermath Perps ZECUSD+0.0466%1h1,453.5+0.205%$39K$32K10xas long as short
Arcus ZEC-USD+0.0518%1h1,454.9+0.304%$750K$7.8M10xas long as short
Lighter RH ZEC+0.0672%1h1,456.8+0.430%$1.9M$8.4M10xas long as short