Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0374%/8h= +41.0% APRpaid last 24h +0.088%

Price spread now: Orderly against ApeX Omni+0.089%70s7-day average +0.167% · you sell dearer than you buy

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

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.834%+$83 on $10k

Price spread, last 3 days (all we have)+0.266%+$27 · spread now +0.089%, 7d avg +0.167%

Together, before fees+1.100%+$110 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.078% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.089% now, against its 7-day average of +0.167%). If the spread goes back, that is −$8 on $10k: about 17 hours of funding at the current rate (+$11 a day). The two prices were read 70 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	1,474	−0.0365	get 0.0046% / 1h	53m 37s	$432K	$827K	50x
Short	Orderly PERP_ZEC_USDC	1,475.3	0.0010	get 0.0010% / 8h	53m 37s	$295K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.089%Rate

Funding earned: $78.63
Price spread: +0.089% → +0.167%: −$7.77
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $54.86
Costs to cover: 0.160%
Break-even: 2.1 days

Slippage unknown: ApeX Omni: live order book, 25 min ago; Orderly: 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, 25 min ago	0.10 bp	5.5 bp −$6	29.5 bp −$295	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.3089%	1h	1,475.9	+0.124%	$34K	$275K	12x	as long as short
ApeX Omni ZECUSDTlong	−0.0365%	1h	1,474	long leg	$432K	$827K	50x
Ondo Perps ZEC-USD.P	−0.0326%	1h	1,473.5	−0.036%	$400K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0224%	1h	1,475.2	+0.079%	$18.0M	$45.0M	25x	as long as short
BloFin ZEC-USDT	−0.0111%	8h	1,475	+0.065%	$29.4M	$75.9M	75x	as long as short
Bybit ZECUSDT	−0.0085%	8h	1,474.1	+0.005%	$273.6M	$665.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,475.8	+0.123%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0037%	8h	1,473.4	−0.042%	$47.0M	$33.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,475	+0.065%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,475.9	+0.129%	$901K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,475.5	+0.101%	$84K	$404K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,476.2	+0.145%	$616K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,475.8	+0.120%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDCshort	+0.0010%	8h	1,475.3	+0.089%	$295K	$1.4M	20x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0038% / S +0.0009%	1h	1,475.7	+0.115%	$367K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,474.5	+0.029%	$180.6M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0044%	8h	1,474.8	+0.051%	$50.5M	$183.8M	75x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,476	+0.134%	$8K	$8K	5x	as long as short
SoDEX ZEC-USD	+0.0061%	1h	1,475	+0.064%	$227K	$4.5M	10x	as long as short
Phoenix ZEC	+0.0075%	1h	1,475.4	+0.094%	$4.7M	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0093%	1h	1,475.3	+0.083%	$128K	$159K	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,475.4	+0.092%	$177K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,475.3	+0.083%	$12K	$828K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,474	0.000%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,476	+0.134%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,475.2	+0.079%	$765.7M	$473.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,474.9	+0.061%	$15.7M	$32.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.2	+0.078%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.6	+0.041%	$682.3M	$2.47B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,475.5	+0.103%	$714K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471.1	−0.197%	$908K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,474.6	+0.041%	$222.5M	$829.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,474.4	+0.023%	$104.3M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,474.7	+0.044%	$162.9M	$303.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,474.6	+0.041%	—	$102.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473.3	−0.048%	$515K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.7	+0.047%	$3.0M	$482K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,475.4	+0.090%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,475.4	+0.093%	$348K	$1.9M	10x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473.8	−0.012%	$449K	$503K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477.6	+0.239%	$3K	$1.2M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,474.5	+0.034%	$2.5M	$23.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,475.5	+0.096%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,475.1	+0.071%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,475.5	+0.098%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,475.3	+0.089%	$836K	$1.2M	10x	as long as short
Lighter ZEC	+0.0136%	1h	1,475.3	+0.084%	$19.1M	$52.1M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,477.4	+0.225%	$3.8M	$11.0M	50x	as long as short
Lighter RH ZEC	+0.0504%	1h	1,475.8	+0.121%	$2.0M	$8.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0592%	1h	1,476.1	+0.138%	$2.4M	$3.7M	15x	as long as short
Aftermath Perps ZECUSD	+0.0626%	1h	1,474.3	+0.016%	$46K	$47K	10x	as long as short