Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.084%

Price spread now: MEXC against ApeX Omni+0.260%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs+$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.936%+$94 on $10k

Price spread, last 7 days−0.170%−$17 · spread now +0.260%, 7d avg +0.135%

Together, before fees+0.765%+$77 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: MEXC is 0.125% dearer against ApeX Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZECUSDT	1,447.2	0.0100	pay 0.0013% / 1h	45m 20s	$402K	$920K	50x
Short	MEXC ZEC_USDT	1,451	0.0100	get 0.0100% / 8h	4h 45m	$216.0M	$768.6M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.260%Rate

Funding earned: $0
Price spread: +0.260% → +0.135%: $12.47
Slippage, 4 orders: −$7.2
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$4.73
Costs to cover: 0.172%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 14 min ago; MEXC: live order book, 4 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, 14 min ago	1.59 bp	7.3 bp −$7	28.7 bp −$287	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.04 bp	0.1 bp $0	0.5 bp −$5	4.0 bp −$397	49.8 bp −$24.9K

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	−0.3166%	1h	1,449.7	+0.173%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,447.5	+0.015%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,449.9	+0.184%	$29.2M	$70.5M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,449.6	+0.162%	$408K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,450.3	+0.213%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450.5	+0.229%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,450.2	+0.206%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0059%	8h	1,450.1	+0.198%	$290K	$958K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0065% / S −0.0015%	1h	1,450.4	+0.221%	$408K	—	100x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,451.5	+0.292%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,451.2	+0.274%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,450.4	+0.216%	$11K	$874K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,450.6	+0.235%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,450.9	+0.255%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,452	+0.330%	$755.0M	$434.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,450.9	+0.255%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,450.4	+0.222%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,450.1	+0.200%	$665.6M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,449.8	+0.177%	$261.2M	$602.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,450.5	+0.226%	$177.2M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,450	+0.191%	$394K	$444K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,449.4	+0.152%	$876K	$23K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,450.9	+0.251%	$50.0M	$172.7M	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,451	+0.260%	$216.0M	$768.6M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,451.4	+0.285%	$102.1M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,450.4	+0.216%	$164.7M	$273.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,450.6	+0.231%	—	$101.0M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,449.2	+0.134%	$2.5M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,447.3	+0.007%	$47.4M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,447.5	+0.017%	$563K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,447.7	+0.033%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,447.2	long leg	$402K	$920K	50x
StandX ZEC-USD	+0.0100%	1h	1,447.8	+0.039%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,450.6	+0.233%	$365K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,450.7	+0.240%	$159K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,449.1	+0.132%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,453.4	+0.427%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,449.9	+0.184%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,449.7	+0.172%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,449.5	+0.160%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,449.7	+0.170%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,449.8	+0.180%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,448.9	+0.116%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0278%	1h	1,449.8	+0.178%	$18.0M	$44.9M	25x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0338%	1h	1,450.8	+0.247%	$609K	$1.3M	25x	as long as short
Lighter ZEC	+0.0352%	1h	1,451.4	+0.286%	$19.1M	$45.9M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,451.2	+0.274%	$921K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,451.7	+0.310%	$2.0M	$6.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,452.4	+0.355%	$3.8M	$9.0M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,451	+0.260%	$738K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0668%	1h	1,449.5	+0.156%	$44K	$49K	10x	as long as short