Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.081%

Price spread now: KuCoin against ApeX Omni−0.382%82s7-day average +0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs+$54as 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−$380.384% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.920%+$92 on $10k

Price spread, last 7 days+0.373%+$37 · spread now −0.382%, 7d avg +0.118%

Together, before fees+1.293%+$129 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: KuCoin is 0.499% cheaper against ApeX Omni than usual: you would sell low and buy high, −$50 on $10k if it goes back to its 7-day average of +0.118%. The two prices were read 82 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	1,504.4	0.0100	pay 0.0013% / 1h	38m 08s	$414K	$946K	50x
Short	KuCoin ZECUSDTM	1,498.7	0.0100	get 0.0100% / 8h	38m 08s	$103.2M	$57.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.382%Rate

Funding earned: $0
Price spread: −0.382% → +0.118%: −$49.92
Slippage, 4 orders: −$16.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$88.35
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 66 min ago; KuCoin: live order book, 11 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, 66 min ago	4.76 bp	10.5 bp −$11	32.7 bp −$327	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	0.03 bp	10.8 bp −$11	15.0 bp −$150	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	−0.3442%	1h	1,504.2	−0.015%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,499.4	−0.336%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0166%	8h	1,503.7	−0.049%	$30.9M	$75.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.5	−0.062%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0078%	1h	1,501.7	−0.182%	$48K	$59K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,503.8	−0.039%	$418K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,502.3	−0.141%	$1.5M	$4.4M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,499.4	−0.332%	$685K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,499.1	−0.354%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,498.8	−0.371%	$18.0M	$47.2M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk ZEC-USD	+0.0021%	1h	1,505.9	+0.099%	$910K	$2K	10x	as long as short
Ondo Perps ZEC-USD.P	+0.0072%	1h	1,500.8	−0.239%	$411K	$563K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,498.6	−0.384%	$302K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,505.2	+0.053%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,500.7	−0.248%	$175K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,502	−0.163%	$14K	$878K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,503	−0.091%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,501.6	−0.187%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,500.1	−0.286%	$783.8M	$444.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,498.6	−0.385%	$14.0M	$31.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,503.1	−0.086%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,498.7	−0.380%	$701.1M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,498.3	−0.403%	$269.7M	$623.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,498.5	−0.395%	$184.2M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,498.4	−0.401%	$56.2M	$183.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,498.6	−0.384%	$237.6M	$795.2M	150x	as long as short
KuCoin ZECUSDTMshort	+0.0100%	8h	1,498.7	−0.382%	$103.2M	$57.1M	75x
Bitget ZECUSDT	+0.0100%	8h	1,499	−0.360%	$162.0M	$290.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,498.3	−0.404%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,503	−0.096%	$49.1M	$34.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,503.5	−0.057%	$575K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.6	+0.080%	$3.1M	$507K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,504.4	long leg	$414K	$946K	50x
StandX ZEC-USD	+0.0100%	1h	1,503.1	−0.088%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,500.8	−0.239%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,499.4	−0.332%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,498.1	−0.417%	$457K	$489K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,501.9	−0.168%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,498.6	−0.388%	$253K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,498.3	−0.408%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,499.4	−0.334%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,498.9	−0.368%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,498.9	−0.364%	$43K	$151K	20x	as long as short
Lighter RH ZEC	+0.0112%	1h	1,500.4	−0.264%	$2.1M	$7.4M	10x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,501.2	−0.216%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,501.8	−0.171%	$945K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0163% / S −0.0203%	1h	1,499.3	−0.338%	$436K	—	100x	as long as short
Lighter ZEC	+0.0216%	1h	1,500.3	−0.274%	$19.8M	$45.4M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,502.5	−0.127%	$607K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,501.5	−0.192%	$3.7M	$10.2M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0552%	1h	1,499.1	−0.352%	$2.3M	$3.9M	15x	as long as short