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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.105%
Price spread now: Variational Omni against ApeX Omni−0.105%73s7-day average +0.102% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.464%+$46 on $10k
Price spread, last 7 days+0.165%+$16 · spread now −0.105%, 7d avg +0.102%
Together, before fees+0.629%+ Points / potential airdropVariational Omni: Active · farm board+$63 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Variational Omni is 0.207% cheaper against ApeX Omni than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.102%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.464%, so the current rate has only just turned against you. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZECUSDT1,470.3−0.0045get 0.0006% / 1h28m 18s$431K$841K50x
ShortVariational Omni ZEC1,468.8−0.0057pay 0.0057% / 8h28m 18s$46.8M$33.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$2.45
Price spread: −0.105% → +0.102%
−$20.71
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$33.16
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 51 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 51 min ago0.10 bp5.5 bp −$629.5 bp −$295doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago2.76 bpdoesn't fit6.4 bp −$6418.4 bp −$1,840doesn'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−0.3089%1h1,472.5+0.144%$34K$275K12xas long as short
Ondo Perps ZEC-USD.P−0.0257%1h1,468.3−0.139%$399K$515K5xas long as short
Kraken Futures PF_ZECUSD−0.0225%1h1,470−0.026%$17.9M$44.3M25xas long as short
Bybit ZECUSDT−0.0112%8h1,468.7−0.112%$274.7M$654.3M75xas long as short
BloFin ZEC-USDT−0.0102%8h1,470.6+0.016%$29.6M$75.2M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,470.7+0.022%$6K$2K10xas long as short
Variational Omni ZECshort−0.0057%8h1,468.8−0.105%$46.8M$33.8M
ApeX Omni ZECUSDTlong−0.0045%1h1,470.3long leg$431K$841K50x
dYdX ZEC-USD0.0000%1h1,471+0.047%$414K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,472.1+0.118%$903K$5.6M2.2xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ZEC0.0000%43m1,470.1−0.015%$84K$404K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,470.3−0.005%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0012%8h1,470.1−0.014%$294K$1.4M20xas long as short
01 Exchange ZECUSD+0.0016%1h1,470.4+0.004%$8K$8K5xas long as short
Phoenix ZEC+0.0024%1h1,470.8+0.031%$4.6M$1.6M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0026%1h1,470.8+0.028%$613K$1.3M25xas long as short
OKX ZEC-USDT-SWAP+0.0037%8h1,469.2−0.079%$180.6M$1.34B50xas long as short
Gate ZEC_USDT+0.0046%8h1,470−0.020%$50.8M$186.5M75xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,470.2−0.007%$371K100xas long as short
Lighter ZEC+0.0096%1h1,471+0.047%$19.1M$52.4M20xas long as short
Popdex ZECUSDT+0.0096%1h1,470.1−0.014%$175K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,469.4−0.064%$13K$836K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,470.2−0.007%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,470.6+0.021%$2.6M$6.8M10xas long as short
Hyperliquid ZEC+0.0100%1h1,470.8+0.031%$762.6M$474.4M10xas long as short
Aster ZECUSDT+0.0100%8h1,469.8−0.034%$15.0M$32.7M75xas long as short
Pacifica ZEC+0.0100%1h1,470.9+0.036%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,469.5−0.057%$683.2M$2.46B75xas long as short
Arcus ZEC-USD+0.0100%1h1,472.2+0.129%$720K$8.3M10xas long as short
Bulk ZEC-USD+0.0100%1h1,469.8−0.040%$894K$39K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,470−0.022%$232.0M$838.2M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,470.2−0.008%$103.5M$56.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,470−0.023%$162.8M$301.7M75xas long as short
BingX ZEC-USDT+0.0100%8h1,469.8−0.039%$102.4Mas long as short
edgeX ZECUSDC+0.0100%4h1,470.1−0.016%$513K$9.2M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,470.2−0.012%$3.0M$454K10xas long as short
StandX ZEC-USD+0.0100%1h1,471.2+0.058%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,470−0.023%$344K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,469.9−0.033%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,468.5−0.127%$448K$498K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,472.4+0.137%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,469.7−0.042%$238K$4.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,469−0.091%$2.5M$23.1M75xas long as short
Phemex ZECUSDT+0.0100%8h1,470.2−0.013%$3.8M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,470.3−0.006%$3.3M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,470.1−0.013%$37K$366K20xas long as short
RISEx ZEC/USDC+0.0132%1h1,470.9+0.039%$825K$1.2M10xas long as short
Backpack ZEC_USDC_PERP+0.0418%1h1,471.5+0.078%$2.4M$3.8M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0432%1h1,473.5+0.216%$3.8M$10.6M50xas long as short
Lighter RH ZEC+0.0472%1h1,471.7+0.094%$2.0M$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0712%1h1,471.6+0.087%$46K$47K10xas long as short