ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.119%

Price spread now: Hyperliquid against ApeX Omni−0.042%7-day average +0.164% · you buy dearer than you sell

Net, funding: paid 7d − costs+$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+1.279%+$128 on $10k

Price spread, last 7 days+0.201%+$20 · spread now −0.042%, 7d avg +0.164%

Together, before fees+1.479%+ Points / potential airdropHyperliquid: Season 2 · farm board+$148 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.206% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.164%). If the spread goes back, that is −$21 on $10k: about 25 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+1.279% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZECUSDT	1,462	0.0073	pay 0.0009% / 1h	44m 43s	$425K	$879K	50x
Short	Hyperliquid ZEC	1,461.4	0.0100	get 0.0013% / 1h	44m 43s	$761.6M	$432.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.042%Rate

Funding earned: $5.76
Price spread: −0.042% → +0.164%: −$20.63
Slippage, 4 orders: −$15.65
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$49.52
Costs to cover: 0.346%
Break-even: 67.2 days

Slippage from ApeX Omni: live order book, 19 min ago; Hyperliquid: 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, 19 min ago	4.56 bp	10.5 bp −$11	34.5 bp −$345	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.34 bp	5.1 bp −$5	7.0 bp −$70	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	−0.3244%	1h	1,460	−0.135%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,461.3	−0.050%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,462.3	+0.016%	$29.7M	$71.1M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,460.8	−0.083%	$411K	$46K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,462.2	+0.010%	$963K	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,461.8	−0.017%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,462.4	+0.026%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0036%	8h	1,462.3	+0.021%	$292K	$979K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0049%	1h	1,459.8	−0.152%	$396K	$433K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0009%	1h	1,462.4	+0.029%	$379K	—	100x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ZECUSDTlong	+0.0073%	1h	1,462	long leg	$425K	$879K	50x
Phoenix ZEC	+0.0074%	1h	1,459.6	−0.166%	$4.6M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,462.7	+0.044%	$173K	$1.8M	50x	as long as short
Variational Omni ZEC	+0.0098%	8h	1,459.8	−0.149%	$47.4M	$31.8M	—	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,462.8	+0.051%	$19K	$839K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,462.6	+0.040%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,462.6	+0.039%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZECshort	+0.0100%	1h	1,461.4	−0.042%	$761.6M	$432.8M	10x
Aster ZECUSDT	+0.0100%	8h	1,461.6	−0.032%	$14.5M	$28.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,461.7	−0.023%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,460.4	−0.111%	$673.2M	$2.25B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,460.2	−0.122%	$270.2M	$605.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,460.2	−0.122%	$179.9M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	−0.230%	$886K	$16K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,460.5	−0.105%	$50.0M	$170.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,460.7	−0.090%	$214.9M	$770.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,462	−0.001%	$102.8M	$55.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,460.4	−0.111%	$162.1M	$275.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,460.6	−0.096%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,462.6	+0.039%	$2.4M	$3.8M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,459	−0.209%	$568K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	−0.185%	$3.0M	$418K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,460.4	−0.110%	$70K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,462.1	+0.005%	$340K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,462.4	+0.025%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,461	−0.069%	$446K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,464.3	+0.155%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,462	−0.001%	$241K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,461.4	−0.044%	$2.6M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,462.2	+0.012%	$3.9M	$5.1M	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0104%	1h	1,462.9	+0.061%	$609K	$1.3M	25x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,462.1	+0.002%	$2.8M	$7.7M	10x	as long as short
01 Exchange ZECUSD	+0.0104%	1h	1,463.1	+0.074%	$8K	$7K	5x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,461.6	−0.027%	$48K	$155K	20x	as long as short
Lighter ZEC	+0.0184%	1h	1,461.9	−0.010%	$19.1M	$45.9M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0195%	1h	1,462.1	+0.003%	$18.0M	$43.7M	25x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,463.9	+0.128%	$707K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0328%	1h	1,462.1	+0.008%	$2.1M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,463.3	+0.086%	$838K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,464.1	+0.141%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0708%	1h	1,463.6	+0.110%	$43K	$46K	10x	as long as short