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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.050%

Price spread now: Ondo Perps against ApeX Omni−0.229%52s7-day average +0.107% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+1.159%+$116 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.229%, 7d avg +0.107%

Together, before fees+1.253%+ Points / potential airdropOndo Perps: Active · farm board+$125 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: Ondo Perps is 0.337% cheaper against ApeX Omni than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.107%. The two prices were read 52 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	1,507.9	0.0100	pay 0.0013% / 1h	16m 08s	$414K	$953K	50x
Short	Ondo Perps ZEC-USD.P	1,504.4	0.0100	get 0.0013% / 1h	16m 08s	$409K	$545K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.229%Rate

Funding earned: $0
Price spread: −0.229% → +0.107%: −$33.68
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$48.68
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 18 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 18 min ago	4.22 bp	10.0 bp −$10	31.5 bp −$315	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,488.8	−1.262%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,505.6	−0.148%	$62K	$308K	10x	as long as short
Aftermath Perps ZECUSD	−0.0245%	1h	1,506.6	−0.084%	$48K	$58K	10x	as long as short
BloFin ZEC-USDT	−0.0166%	8h	1,506.3	−0.101%	$31.7M	$75.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,504.6	−0.216%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,504.7	−0.208%	$416K	$30K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,506.9	−0.062%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,505.6	−0.151%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,510.2	+0.157%	$18.4M	$47.5M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,504.3	−0.234%	$8K	$6K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,506.9	−0.066%	$4.8M	$1.4M	10x	as long as short
Gate ZEC_USDT	+0.0082%	8h	1,508.6	+0.050%	$61.0M	$187.6M	75x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,506.5	−0.088%	$304K	$859K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,510.4	+0.170%	$19.7M	$45.6M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,510.5	+0.177%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.6	−0.281%	$172K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,504.3	−0.235%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,503.9	−0.265%	$16K	$877K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.4	−0.228%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,509.2	+0.091%	$790.9M	$445.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,507.7	−0.010%	$14.2M	$29.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,505	−0.191%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,508.4	+0.035%	$712.5M	$2.29B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,508.5	+0.039%	$274.1M	$611.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,508.4	+0.032%	$186.1M	$1.36B	50x	as long as short
Ondo Perps ZEC-USD.Pshort	+0.0100%	1h	1,504.4	−0.229%	$409K	$545K	5x
Arcus ZEC-USD	+0.0100%	1h	1,504.8	−0.205%	$597K	$8.8M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.1	+0.016%	$776K	$147K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,508.9	+0.066%	$408.2M	$842.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,509.3	+0.093%	$103.2M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,508.4	+0.036%	$163.6M	$291.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,508.6	+0.047%	—	$119.8M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,506.3	−0.105%	$49.9M	$35.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,506.3	−0.106%	$550K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,506.7	−0.080%	$3.1M	$549K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,507.9	long leg	$414K	$953K	50x
StandX ZEC-USD	+0.0100%	1h	1,505.3	−0.167%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,504	−0.256%	$374K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,507	−0.058%	$168K	$191K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502	−0.387%	$449K	$419K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,510	+0.143%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,509.3	+0.096%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,509.2	+0.086%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,509.5	+0.106%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,509.6	+0.117%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,509.2	+0.089%	$45K	$153K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0150%	1h	1,509.1	+0.083%	$2.4M	$3.7M	15x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,506.1	−0.119%	$967K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0163% / S −0.0170%	1h	1,505.6	−0.151%	$334K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,510.9	+0.198%	$3.8M	$9.9M	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0488%	1h	1,509.4	+0.101%	$691K	$1.3M	25x	as long as short