Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.064%

Price spread now: OKX against ApeX Omni−0.353%80s7-day average +0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs+$59as 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−$300.297% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.885%+$89 on $10k

Price spread, last 7 days+0.343%+$34 · spread now −0.353%, 7d avg +0.125%

Together, before fees+1.228%+$123 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: OKX is 0.478% cheaper against ApeX Omni than usual: you would sell low and buy high, −$48 on $10k if it goes back to its 7-day average of +0.125%. The two prices were read 80 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	1,515.1	0.0100	pay 0.0013% / 1h	56m 11s	$417K	$949K	50x
Short	OKX ZEC-USDT-SWAP	1,509.7	0.0100	get 0.0100% / 8h	7h 56m	$182.7M	$1.38B	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.353%Rate

Funding earned: $0
Price spread: −0.353% → +0.125%: −$47.84
Slippage, 4 orders: −$9.73
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$77.57
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 43 min ago; OKX: live order book, 3 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, 43 min ago	4.29 bp	9.3 bp −$9	32.2 bp −$322	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.03 bp	5.5 bp −$6	7.5 bp −$75	19.4 bp −$1,943	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	−0.3702%	1h	1,500.2	−0.979%	$37K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0463%	1h	1,515.3	+0.013%	$779K	$147K	10x	as long as short
Perpl ZEC	−0.0447%	43m	1,510.8	−0.284%	$62K	$305K	10x	as long as short
BloFin ZEC-USDT	−0.0164%	8h	1,513.7	−0.090%	$31.5M	$77.0M	75x	as long as short
Aftermath Perps ZECUSD	−0.0122%	1h	1,512.8	−0.148%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,517.5	+0.162%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,512.1	−0.194%	$420K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,512.3	−0.180%	$1.6M	$5.0M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,511	−0.269%	$690K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,510.1	−0.327%	$5.4M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0016%	1h	1,511.2	−0.254%	$8K	$6K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,510.5	−0.300%	$18.2M	$47.8M	25x	as long as short
Bybit ZECUSDT	+0.0052%	8h	1,509.7	−0.353%	$271.7M	$628.9M	75x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,510.3	−0.315%	$304K	$859K	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,514.3	−0.053%	$4.8M	$1.4M	10x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,511.7	−0.223%	$2.1M	$7.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,511.2	−0.259%	$176K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,511.6	−0.228%	$62K	$19K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,511.5	−0.236%	$16K	$898K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,512	−0.203%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,511.1	−0.262%	$790.6M	$448.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,509.8	−0.350%	$14.2M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,512.2	−0.193%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,510.3	−0.315%	$713.5M	$2.34B	75x	as long as short
OKX ZEC-USDT-SWAPshort	+0.0100%	8h	1,509.7	−0.353%	$182.7M	$1.38B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,509.5	−0.368%	$413K	$553K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,512.2	−0.189%	$596K	$8.9M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,510.3	−0.317%	$59.8M	$182.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,510.3	−0.314%	$366.1M	$818.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,510.2	−0.321%	$103.1M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,510	−0.336%	$162.9M	$294.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,508.9	−0.405%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,513.8	−0.085%	$50.0M	$35.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,515.1	+0.003%	$580K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,515.9	+0.055%	$3.1M	$532K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,515.1	long leg	$417K	$949K	50x
StandX ZEC-USD	+0.0100%	1h	1,516	+0.064%	$51K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,511.2	−0.255%	$375K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,510.5	−0.301%	$169K	$193K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,512.3	−0.182%	$452K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,512.9	−0.141%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,510.2	−0.323%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,509.7	−0.357%	$2.7M	$21.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,511	−0.271%	$4.0M	$4.9M	50x	as long as short
Lighter ZEC	+0.0104%	1h	1,511.2	−0.255%	$19.5M	$44.1M	20x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,510.2	−0.325%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,510.4	−0.309%	$43K	$151K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0152% / S −0.0153%	1h	1,510.2	−0.320%	$335K	—	100x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,511.6	−0.232%	$964K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,510.1	−0.329%	$3.7M	$9.8M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0436%	1h	1,510.2	−0.323%	$2.4M	$3.7M	15x	as long as short