Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.116%
Price spread now: StandX against ApeX Omni+0.025%61s7-day average +0.146% · you sell dearer than you buy
Net, funding: paid 7d − costs+$68as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$540.541% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.217%+$122 on $10k
Price spread, last 7 days+0.016%+$2 · spread now +0.025%, 7d avg +0.146%
Together, before fees+1.233%+ Points / potential airdropStandX: Active · farm board+$123 on $10k · with fees, hour by hour
Funding pays, the price is against you. StandX is 0.121% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.146%). If the spread goes back, that is −$12 on $10k: about 3.2 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+1.217% in total) that is about 17 hours. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZECUSDT1,463.5−0.0024get 0.0003% / 1h34m 14s$430K$820K50x
ShortStandX ZEC-USD1,463.90.0100get 0.0013% / 1h34m 14s$110K$4.8M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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

Funding earned
$26.11
Price spread: +0.025% → +0.146%
−$12.08
Slippage, 4 orders
−$36.1
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$40.08
Costs to cover
0.541%
Break-even
17.7 days
Slippage from ApeX Omni: live order book, 50 min ago; StandX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 50 min ago2.89 bp7.9 bp −$830.7 bp −$307doesn't fitdoesn't fit
Sell StandX live order book, 5 min ago6.15 bp11.2 bp −$1113.0 bp −$130doesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3310%1h1,448.2−1.041%$33K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0405%1h1,463.5+0.003%$17.8M$44.9M25xas long as short
Ondo Perps ZEC-USD.P−0.0214%1h1,459.3−0.286%$396K$518K5xas long as short
BloFin ZEC-USDT−0.0089%8h1,463.7+0.017%$29.3M$75.3M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,463.8+0.023%$6K$2K10xas long as short
Bybit ZECUSDT−0.0051%8h1,462.6−0.057%$270.9M$673.7M75xas long as short
Variational Omni ZEC−0.0025%8h1,460.9−0.174%$46.5M$34.0Mas long as short
ApeX Omni ZECUSDTlong−0.0024%1h1,463.5long leg$430K$820K50x
GMX ZEC/USD [WBTC.b-USDC]L −0.0017% / S +0.0093%1h1,463.7+0.015%$541K100xas long as short
dYdX ZEC-USD0.0000%1h1,464.1+0.045%$412K$106K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXZECPERP0.0000%8h1,462.8−0.046%$885K$5.7M2.2xas long as short
Perpl ZEC0.0000%43m1,462.9−0.041%$83K$404K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,463.8+0.019%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0013%8h1,463.4−0.003%$292K$1.5M20xas long as short
Bulk ZEC-USD+0.0030%1h1,466+0.173%$905K$27K10xas long as short
Gate ZEC_USDT+0.0047%8h1,463.6+0.007%$50.0M$184.9M75xas long as short
OKX ZEC-USDT-SWAP+0.0048%8h1,463.3−0.010%$175.6M$1.35B50xas long as short
01 Exchange ZECUSD+0.0056%1h1,462.4−0.072%$8K$8K5xas long as short
Phoenix ZEC+0.0075%1h1,461.4−0.145%$4.6M$1.6M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0081%1h1,464.4+0.061%$596K$1.3M25xas long as short
Lighter ZEC+0.0096%1h1,464.7+0.087%$19.0M$52.5M20xas long as short
Popdex ZECUSDT+0.0096%1h1,462.4−0.076%$173K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0096%8h1,462.8−0.045%$14K$862K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,463−0.030%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,463.7+0.012%$2.5M$6.9M10xas long as short
Hyperliquid ZEC+0.0100%1h1,463.2−0.019%$758.4M$484.8M10xas long as short
Aster ZECUSDT+0.0100%8h1,463.1−0.028%$15.6M$33.2M75xas long as short
Pacifica ZEC+0.0100%1h1,463.7+0.013%$1.7M$3.0M10xas long as short
Binance ZECUSDT+0.0100%8h1,463.1−0.023%$674.3M$2.49B75xas long as short
MEXC ZEC_USDT+0.0100%8h1,462−0.102%$222.4M$861.2M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,462.8−0.045%$103.6M$56.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,463.5−0.001%$161.9M$306.8M75xas long as short
BingX ZEC-USDC+0.0100%8h1,462.6−0.061%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,461.4−0.144%$509K$9.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,462.2−0.087%$3.0M$481K10xas long as short
StandX ZEC-USDshort+0.0100%1h1,463.9+0.025%$110K$4.8M30x
Polymarket Perps ZEC-USD+0.0100%1h1,462−0.101%$343K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,462.1−0.094%$127K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,461.9−0.108%$447K$502K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,464.3+0.059%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,463.7+0.012%$222K$4.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,462.6−0.061%$2.5M$24.1M75xas long as short
Phemex ZECUSDT+0.0100%8h1,463.5+0.002%$3.8M$5.4M50xas long as short
Extended ZEC-USD+0.0104%1h1,463.9+0.026%$3.2M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,463.6+0.008%$36K$367K20xas long as short
Backpack ZEC_USDC_PERP+0.0187%1h1,464.3+0.056%$2.3M$3.8M15xas long as short
RISEx ZEC/USDC+0.0190%1h1,463.1−0.023%$841K$1.6M10xas long as short
Lighter RH ZEC+0.0384%1h1,465.3+0.126%$2.0M$8.3M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0424%1h1,465.8+0.155%$3.7M$11.6M50xas long as short
Arcus ZEC-USD+0.0444%1h1,464.5+0.067%$738K$8.1M10xas long as short
Aftermath Perps ZECUSD+0.0545%1h1,464.5+0.071%$40K$34K10xas long as short