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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h −0.108%
Price spread now: ApeX Omni against Bybit−0.009%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$500.496% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.149%−$115 on $10k
Price spread, last 7 days−0.087%−$9 · spread now −0.009%, 7d avg −0.133%
Together, before fees−1.236%−$124 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.124% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.133%. Mind the row above: over the last 7 days funding on this pair cost −1.149%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZECUSDT1,445.20.0006pay 0.0006% / 8h2h 31m$266.4M$675.0M75x
ShortApeX Omni ZECUSDT1,445.10.0100get 0.0013% / 1h31m 02s$703K$607K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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
$19.68
Price spread: −0.009% → −0.133%
$12.38
Slippage, 4 orders
−$28.62
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$17.55
Costs to cover
0.496%
Break-even
13.2 days
Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 57 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 Bybit live order book, 3 min ago0.04 bp7.2 bp −$79.9 bp −$9921.1 bp −$2,112doesn't fit
Sell ApeX Omni live order book, 57 min ago4.31 bp25.9 bp −$2647.5 bp −$475doesn'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−0.3476%1h1,433.1−0.834%$33K$275K12xas long as short
BloFin ZEC-USDT−0.0092%8h1,445.6+0.028%$28.8M$74.8M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,444.6−0.044%$6K$2K10xas long as short
Kraken Futures PF_ZECUSD−0.0072%1h1,445.1−0.006%$17.6M$44.5M25xas long as short
Variational Omni ZEC−0.0009%8h1,449.1+0.271%$45.6M$32.2Mas long as short
dYdX ZEC-USD0.0000%1h1,445.1−0.003%$407K$106K5xas long as short
Kalshi KXZECPERP0.0000%8h1,444.6−0.044%$907K$5.7M2.2xas long as short
Perpl ZEC0.0000%43m1,443.3−0.134%$82K$401K10xas long as short
Bybit ZECUSDTlong+0.0006%8h1,445.2long leg$266.4M$675.0M75x
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,444.4−0.055%$5.1M150xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ZEC_USDC-PERPETUAL+0.0009%1h1,445.8+0.040%$588K$1.3M25xas long as short
Orderly PERP_ZEC_USDC+0.0015%8h1,444.8−0.029%$290K$1.5M20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0028% / S +0.0071%1h1,444−0.082%$542K100xas long as short
OKX ZEC-USDT-SWAP+0.0055%8h1,445.6+0.031%$171.3M$1.35B50xas long as short
Gate ZEC_USDT+0.0071%8h1,446+0.055%$49.5M$189.0M75xas long as short
01 Exchange ZECUSD+0.0072%1h1,444.2−0.070%$7K$8K5xas long as short
Aster ZECUSDT+0.0075%8h1,445.5+0.020%$15.2M$34.6M75xas long as short
Katana Perps ZEC-USD+0.0095%8h1,443.8−0.098%$13K$873K10xas long as short
Lighter ZEC+0.0096%1h1,446.8+0.110%$18.7M$54.4M20xas long as short
Popdex ZECUSDT+0.0096%1h1,444.2−0.066%$172K$2.0M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,444.1−0.079%$59K$37K10xas long as short
Nado ZEC-PERP+0.0100%1h1,444.5−0.048%$2.4M$7.1M10xas long as short
Hyperliquid ZEC+0.0100%1h1,446.7+0.104%$747.1M$494.5M10xas long as short
Pacifica ZEC+0.0100%1h1,444.3−0.064%$1.6M$3.1M10xas long as short
Binance ZECUSDT+0.0100%8h1,446+0.059%$659.1M$2.53B75xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,442.7−0.172%$392K$516K5xas long as short
Bulk ZEC-USD+0.0100%1h1,445−0.012%$890K$32K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,445.7+0.033%$214.6M$892.1M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,445−0.014%$102.5M$56.9M75xas long as short
Bitget ZECUSDT+0.0100%8h1,445.9+0.046%$160.0M$312.9M75xas long as short
BingX ZEC-USDC+0.0100%8h1,445.1−0.003%$6.8Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,446.6+0.095%$2.3M$4.1M15xas long as short
edgeX ZECUSDC+0.0100%4h1,445.3+0.007%$485K$9.8M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,448.7+0.241%$3.0M$501K10xas long as short
ApeX Omni ZECUSDTshort+0.0100%1h1,445.1−0.009%$703K$607K50x
StandX ZEC-USD+0.0100%1h1,445.2+0.003%$108K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,443.4−0.124%$347K$2.0M10xas long as short
Bullet ZEC-USD+0.0100%1h1,444−0.085%$126K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,443.3−0.128%$439K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,445.7+0.036%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,445.4+0.015%$219K$4.7M10xas long as short
HTX ZEC-USDT+0.0100%8h1,445.1−0.006%$2.3M$24.9M75xas long as short
Phemex ZECUSDT+0.0100%8h1,445.5+0.022%$3.7M$5.3M50xas long as short
Phoenix ZEC+0.0103%1h1,445.9+0.050%$4.5M$1.6M10xas long as short
Extended ZEC-USD+0.0104%1h1,445.5+0.020%$3.2M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,444.9−0.021%$36K$362K20xas long as short
RISEx ZEC/USDC+0.0219%1h1,444.7−0.037%$862K$1.9M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0440%1h1,447.1+0.135%$3.7M$11.4M50xas long as short
Aftermath Perps ZECUSD+0.0445%1h1,448.2+0.212%$39K$32K10xas long as short
Arcus ZEC-USD+0.0518%1h1,446.6+0.095%$767K$7.9M10xas long as short
Lighter RH ZEC+0.0680%1h1,447.4+0.154%$1.9M$8.5M10xas long as short