Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.103%

Price spread now: ApeX Omni against Aster−0.064%59s7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.464% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.904%−$90 on $10k

Price spread, last 7 days−0.042%−$4 · spread now −0.064%, 7d avg −0.117%

Together, before fees−0.946%+ Points / potential airdropAster: Stage 5 · farm board−$95 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.052% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.117%. Mind the row above: over the last 5 days funding on this pair cost −0.904%, so the current rate has only just turned in your favour. The two prices were read 59 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	Aster ZECUSDT	1,455	0.0055	pay 0.0055% / 8h	2h 50m	$15.3M	$35.2M	75x
Short	ApeX Omni ZECUSDT	1,454.1	0.0100	get 0.0013% / 1h	50m 38s	$707K	$606K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.064%Rate

Funding earned: $9.39
Price spread: −0.064% → −0.117%: $5.21
Slippage, 4 orders: −$28.41
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$31.81
Costs to cover: 0.464%
Break-even: 30.7 days

Slippage from Aster: live order book, 3 min ago; ApeX Omni: live order book, 38 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 Aster live order book, 3 min ago	1.38 bp	5.8 bp −$6	10.1 bp −$101	27.4 bp −$2,736	doesn't fit
Sell ApeX Omni live order book, 38 min ago	4.31 bp	25.9 bp −$26	47.5 bp −$475	doesn't fit	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	−0.3476%	1h	1,437.6	−1.195%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,452.5	−0.172%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0071%	1h	1,452.6	−0.167%	$17.6M	$44.6M	25x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,453.2	−0.123%	$28.9M	$75.9M	75x	as long as short
Variational Omni ZEC	−0.0026%	8h	1,451.7	−0.226%	$45.5M	$32.1M	—	as long as short
Bybit ZECUSDT	−0.0009%	8h	1,454.7	−0.024%	$269.7M	$677.2M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,454.8	−0.011%	$410K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,452.3	−0.187%	$848K	$5.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,451.8	−0.220%	$82K	$400K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,453.6	−0.095%	$566K	$1.3M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,452.7	−0.157%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0008%	8h	1,452.7	−0.158%	$291K	$1.5M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0038%	8h	1,454.8	−0.017%	$172.4M	$1.37B	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0039% / S +0.0065%	1h	1,452.5	−0.175%	$543K	—	100x	as long as short
Aster ZECUSDTlong	+0.0055%	8h	1,455	long leg	$15.3M	$35.2M	75x
Gate ZEC_USDT	+0.0067%	8h	1,455	−0.003%	$49.2M	$185.4M	75x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,455	−0.003%	$8K	$8K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,454.8	−0.012%	$17K	$886K	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,454.7	−0.022%	$178K	$2.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,455	−0.002%	$60K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,455.1	+0.004%	$3.0M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,455.8	+0.055%	$752.6M	$493.0M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,455.2	+0.011%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,454.9	−0.009%	$659.9M	$2.55B	75x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,449.8	−0.357%	$394K	$522K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,455	−0.003%	$896K	$37K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,455.2	+0.011%	$218.8M	$880.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,455.6	+0.043%	$103.8M	$57.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,455	+0.002%	$162.2M	$316.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,455.3	+0.019%	—	$107.0M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,453.9	−0.079%	$2.3M	$4.2M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,453.4	−0.110%	$487K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.9	−0.143%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,454.1	−0.064%	$707K	$606K	50x
StandX ZEC-USD	+0.0100%	1h	1,452.6	−0.163%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,452	−0.206%	$298K	$2.1M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,452.3	−0.186%	$127K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,451.6	−0.236%	$441K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,455.7	+0.045%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,452.6	−0.163%	$220K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,452.1	−0.196%	$2.4M	$25.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,452.9	−0.145%	$3.7M	$5.5M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.3	−0.189%	$4.6M	$1.6M	10x	as long as short
Lighter ZEC	+0.0104%	1h	1,456.5	+0.101%	$18.8M	$53.9M	20x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,452.7	−0.156%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,455.7	+0.046%	$864K	$2.5M	10x	as long as short
Extended ZEC-USD	+0.0312%	1h	1,455.1	+0.008%	$3.3M	$7.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,454.3	−0.049%	$3.7M	$11.5M	50x	as long as short
Aftermath Perps ZECUSD	+0.0464%	1h	1,453.2	−0.124%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,457.1	+0.143%	$756K	$7.8M	10x	as long as short
Lighter RH ZEC	+0.0680%	1h	1,457.3	+0.158%	$1.9M	$8.4M	10x	as long as short