Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.098%

Price spread now: ApeX Omni against Bitget+0.293%93s7-day average −0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

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

costs, in and out, $10k−$340.341% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.857%−$86 on $10k

Price spread, last 7 days−0.367%−$37 · spread now +0.293%, 7d avg −0.129%

Together, before fees−1.224%−$122 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 0.422% dearer against Bitget than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −0.129%. The two prices were read 93 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	Bitget ZECUSDT	1,465.2	0.0100	pay 0.0100% / 8h	7h 18m	$163.0M	$292.1M	75x
Short	ApeX Omni ZECUSDT	1,469.5	0.0100	get 0.0013% / 1h	18m 00s	$430K	$869K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.293%Rate

Funding earned: $0
Price spread: +0.293% → −0.129%: $42.22
Slippage, 4 orders: −$12.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $8.12
Costs to cover: 0.341%
Break-even: from the start

Slippage from Bitget: live order book, 1 min ago; ApeX Omni: live order book, 56 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 Bitget live order book, 1 min ago	0.03 bp	6.5 bp −$7	11.1 bp −$111	17.3 bp −$1,726	doesn't fit
Sell ApeX Omni live order book, 56 min ago	2.92 bp	11.7 bp −$12	33.4 bp −$334	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	−0.3321%	1h	1,470.3	+0.347%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0344%	1h	1,465.8	+0.040%	$17.8M	$43.0M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0118%	1h	1,467.4	+0.150%	$399K	$517K	5x	as long as short
BloFin ZEC-USDT	−0.0114%	8h	1,464.8	−0.031%	$29.7M	$72.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,464.4	−0.054%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0038%	8h	1,469.1	+0.267%	$47.6M	$33.7M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,464.7	−0.033%	$412K	$103K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,464.6	−0.042%	$8K	$9K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,465.7	+0.033%	$955K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,463.9	−0.089%	$83K	$405K	10x	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	1,465.1	−0.008%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0017%	8h	1,465.3	+0.003%	$293K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0054%	1h	1,469.3	+0.282%	$4.6M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0010%	1h	1,464.8	−0.026%	$376K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0055%	8h	1,464.9	−0.024%	$181.2M	$1.29B	50x	as long as short
Bybit ZECUSDT	+0.0075%	8h	1,465.1	−0.008%	$272.9M	$633.3M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,464.1	−0.073%	$172K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,464	−0.079%	$15K	$840K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,464.7	−0.033%	$60K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,465.3	+0.007%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,466.9	+0.116%	$760.8M	$452.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,465.3	+0.008%	$14.9M	$31.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,464.9	−0.021%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,465.6	+0.025%	$682.0M	$2.37B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,466	+0.054%	$704K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,465.9	+0.046%	$892K	$22K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,465.3	+0.003%	$50.7M	$180.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,465.2	−0.003%	$227.2M	$828.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,465.6	+0.024%	$104.1M	$55.7M	75x	as long as short
Bitget ZECUSDTlong	+0.0100%	8h	1,465.2	long leg	$163.0M	$292.1M	75x
BingX ZEC-USDC	+0.0100%	8h	1,464.8	−0.031%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,468.4	+0.221%	$571K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468	+0.192%	$3.0M	$447K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,469.5	+0.293%	$430K	$869K	50x
StandX ZEC-USD	+0.0100%	1h	1,467.3	+0.145%	$110K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.6	−0.109%	$338K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,464.7	−0.035%	$127K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,463.9	−0.089%	$456K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,466.9	+0.117%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,465.5	+0.020%	$241K	$3.9M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,464.1	−0.075%	$2.5M	$21.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,465.9	+0.050%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,465	−0.014%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,465.2	−0.002%	$54K	$164K	20x	as long as short
Lighter ZEC	+0.0216%	1h	1,467.2	+0.138%	$19.1M	$50.5M	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,464.7	−0.034%	$850K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0228%	1h	1,466.2	+0.070%	$603K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,466.4	+0.084%	$3.7M	$9.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0521%	1h	1,466.2	+0.071%	$2.5M	$3.9M	15x	as long as short
Lighter RH ZEC	+0.0752%	1h	1,467.8	+0.179%	$2.0M	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0764%	1h	1,468	+0.191%	$43K	$46K	10x	as long as short