Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.06 per $10,000 · paid last 24h −0.084%
Price spread now: ApeX Omni against GMX−0.497%68s7-day average −0.163% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.349%−$35 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now −0.497%, 7d avg −0.163%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.333% cheaper against GMX than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.163%). Swap the legs. The two prices were read 68 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 | GMX ZEC/USD [WBTC.b-USDC] | 1,517.5 | L +0.0152% / S −0.0152% | pay 0.0019% / 1h | 57m 36s | $337K | — | 100x |
| Short | ApeX Omni ZECUSDT | 1,509.9 | 0.0100 | get 0.0013% / 1h | 57m 36s | $416K | $948K | 50x |
GMX ZEC/USD [WBTC.b-USDC]
ApeX Omni ZECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.87
- Price spread: −0.497% → −0.163%
- −$33.33
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$66.19
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 41 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 41 min ago | 4.29 bp | 9.8 bp −$10 | 37.2 bp −$372 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3702% | 1h | 1,496.3 | −1.397% | $36K | $275K | 12x | as long as short |
| Bulk ZEC-USD | −0.0463% | 1h | 1,515.3 | −0.145% | $779K | $147K | 10x | as long as short |
| Perpl ZEC | −0.0447% | 43m | 1,516.3 | −0.079% | $62K | $305K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0164% | 8h | 1,515.6 | −0.122% | $31.5M | $77.1M | 75x | as long as short |
| Aftermath Perps ZECUSD | −0.0107% | 1h | 1,513.1 | −0.288% | $48K | $59K | 10x | as long as short |
| Gate ZEC_USDT | −0.0090% | 8h | 1,516.2 | −0.085% | $60.0M | $182.2M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,517.5 | +0.004% | $6K | $1K | 10x | as long as short |
| Bybit ZECUSDT | −0.0030% | 8h | 1,516.1 | −0.090% | $272.9M | $629.1M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,516.6 | −0.060% | $421K | $34K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,518.1 | +0.042% | $1.6M | $5.0M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Bulk ZEC-USD
Perpl ZEC
BloFin ZEC-USDT
Aftermath Perps ZECUSD
Gate ZEC_USDT
Hotstuff ZEC-PERP
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERPShow 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 | 1,517.5 | 0.000% | $5.4M | — | 150x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,516.5 | −0.066% | $8K | $6K | 5x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0019% | 1h | 1,519.2 | +0.116% | $18.3M | $47.8M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0054% | 1h | 1,513.3 | −0.275% | $413K | $554K | 5x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0084% | 8h | 1,518.3 | +0.056% | $306K | $862K | 20x | as long as short |
| Phoenix ZEC | +0.0096% | 1h | 1,514.3 | −0.211% | $4.8M | $1.4M | 10x | as long as short |
| Lighter RH ZEC | +0.0096% | 1h | 1,517.7 | +0.017% | $2.1M | $7.4M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,517.8 | +0.020% | $176K | $1.8M | 50x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,516.6 | −0.060% | $63K | $19K | 10x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,515.5 | −0.130% | $16K | $898K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,517.5 | +0.002% | $3.1M | $7.7M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,517.1 | −0.024% | $793.8M | $448.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,516 | −0.099% | $14.2M | $30.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,516.9 | −0.036% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,516.4 | −0.068% | $716.6M | $2.33B | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,516.4 | −0.068% | $183.4M | $1.38B | 50x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,517 | −0.030% | $597K | $8.9M | 10x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,516.6 | −0.054% | $334.3M | $813.3M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,517.2 | −0.016% | $103.8M | $57.4M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,516.3 | −0.078% | $163.7M | $294.2M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,516.3 | −0.079% | — | $119.8M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,513.8 | −0.243% | $50.0M | $35.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,510.8 | −0.437% | $578K | $9.1M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,514.6 | −0.186% | $3.1M | $532K | 10x | as long as short |
| ApeX Omni ZECUSDTshort | +0.0100% | 1h | 1,509.9 | −0.497% | $416K | $948K | 50x | |
| StandX ZEC-USD | +0.0100% | 1h | 1,515.4 | −0.134% | $54K | $4.6M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,517.9 | +0.029% | $377K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,519.1 | +0.104% | $170K | $193K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,514.5 | −0.198% | $452K | $408K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,519.9 | +0.159% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,519.1 | +0.109% | $257K | $3.6M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,516.1 | −0.089% | $2.7M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,519.3 | +0.118% | $4.1M | $4.9M | 50x | as long as short |
| Lighter ZEC | +0.0104% | 1h | 1,517.7 | +0.015% | $19.7M | $43.8M | 20x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,516.5 | −0.062% | $2.7M | $8.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,518.8 | +0.087% | $44K | $151K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0142% | 1h | 1,519.7 | +0.149% | $694K | $1.4M | 25x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC]long | L +0.0152% / S −0.0152% | 1h | 1,517.5 | long leg | $337K | — | 100x | |
| RISEx ZEC/USDC | +0.0157% | 1h | 1,517.7 | +0.012% | $967K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0368% | 1h | 1,519.2 | +0.114% | $3.7M | $9.8M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0551% | 1h | 1,519.2 | +0.116% | $2.4M | $3.7M | 15x | as long as short |
gTrade (Gains Network) ZEC/USD
01 Exchange ZECUSD
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
Orderly PERP_ZEC_USDC
Phoenix ZEC
Lighter RH ZEC
Popdex ZECUSDT
Paradex ZEC-USD-PERP
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
OKX ZEC-USDT-SWAP
Arcus ZEC-USD
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Lighter ZEC
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP