Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.111%

Price spread now: ApeX Omni against Binance+0.440%7-day average −0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs+$12as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.949%−$95 on $10k

Price spread, last 7 days−0.540%−$54 · spread now +0.440%, 7d avg −0.135%

Together, before fees−1.490%−$149 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: ApeX Omni is 0.575% dearer against Binance than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of −0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,445.1	0.0100	pay 0.0100% / 8h	2h 33m	$657.6M	$2.53B	75x
Short	ApeX Omni ZECUSDT	1,451.4	0.0100	get 0.0013% / 1h	33m 18s	$706K	$607K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.440%Rate

Funding earned: $0
Price spread: +0.440% → −0.135%: $57.52
Slippage, 4 orders: −$25.65
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $11.87
Costs to cover: 0.457%
Break-even: from the start

Slippage from Binance: live order book, 11 min ago; ApeX Omni: live order book, 55 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 Binance live order book, 11 min ago	0.03 bp	5.4 bp −$5	8.0 bp −$80	16.5 bp −$1,653	doesn't fit
Sell ApeX Omni live order book, 55 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	1,438.5	−0.453%	$33K	$275K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,445.3	+0.018%	$6K	$2K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0072%	1h	1,444.5	−0.040%	$17.6M	$44.5M	25x	as long as short
BloFin ZEC-USDT	−0.0066%	8h	1,450	+0.344%	$28.8M	$74.7M	75x	as long as short
Variational Omni ZEC	−0.0009%	8h	1,449.1	+0.280%	$45.6M	$32.2M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,445.1	+0.006%	$407K	$106K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,448.6	+0.243%	$905K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,444.7	−0.022%	$82K	$401K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,445.3	+0.020%	$588K	$1.3M	25x	as long as short
Bybit ZECUSDT	+0.0005%	8h	1,444.2	−0.062%	$266.3M	$676.1M	75x	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	1,445.1	+0.003%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,444.9	−0.014%	$290K	$1.5M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0029% / S +0.0070%	1h	1,444.7	−0.022%	$543K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0054%	8h	1,444.7	−0.026%	$171.1M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0071%	8h	1,444.5	−0.036%	$49.4M	$187.8M	75x	as long as short
Aster ZECUSDT	+0.0076%	8h	1,445.5	+0.032%	$15.2M	$34.7M	75x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,445.6	+0.035%	$7K	$8K	5x	as long as short
Katana Perps ZEC-USD	+0.0095%	8h	1,445	−0.007%	$13K	$873K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,446.5	+0.097%	$18.7M	$54.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,445.4	+0.026%	$173K	$2.0M	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0098%	1h	1,448.2	+0.218%	$394K	$518K	5x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,446	+0.065%	$59K	$37K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,445.9	+0.058%	$2.4M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,445.5	+0.031%	$747.0M	$493.3M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,445.5	+0.028%	$1.6M	$3.1M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,445.1	long leg	$657.6M	$2.53B	75x
Bulk ZEC-USD	+0.0100%	1h	1,452.5	+0.515%	$895K	$33K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,445.3	+0.020%	$213.9M	$890.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,445.3	+0.016%	$102.6M	$56.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,444.7	−0.024%	$160.1M	$313.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,443.9	−0.077%	—	$6.8M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,445.9	+0.061%	$2.3M	$4.1M	15x	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,449.9	+0.333%	$488K	$9.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,448.7	+0.251%	$3.0M	$501K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,451.4	+0.440%	$706K	$607K	50x
StandX ZEC-USD	+0.0100%	1h	1,450.2	+0.358%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,444.9	−0.011%	$297K	$2.0M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,444.6	−0.028%	$126K	$161K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,443.3	−0.119%	$439K	$493K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,446.5	+0.100%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,444.8	−0.018%	$219K	$4.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,446.2	+0.077%	$2.4M	$24.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,446.1	+0.073%	$3.7M	$5.3M	50x	as long as short
Phoenix ZEC	+0.0103%	1h	1,452.3	+0.504%	$4.5M	$1.6M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,444.8	−0.019%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,444.9	−0.012%	$36K	$362K	20x	as long as short
RISEx ZEC/USDC	+0.0219%	1h	1,446.3	+0.083%	$863K	$1.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0440%	1h	1,448.6	+0.245%	$3.7M	$11.4M	50x	as long as short
Aftermath Perps ZECUSD	+0.0449%	1h	1,450	+0.346%	$39K	$32K	10x	as long as short
Arcus ZEC-USD	+0.0518%	1h	1,447.5	+0.173%	$768K	$7.9M	10x	as long as short
Lighter RH ZEC	+0.0696%	1h	1,446.9	+0.130%	$1.9M	$8.4M	10x	as long as short