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

ZEC

all ZEC markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.3343%/8h= +366.1% APRnext payment +$4.18 per $10,000 · paid last 24h +0.610%
Price spread now: ApeX Omni against Injective−0.772%7-day average −0.215% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+1.319%+$132 on $10k
Price spread, last 4 days (all we have)+0.418%+$42 · spread now −0.772%, 7d avg −0.215%
Together, before fees+1.737%+$174 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.557% cheaper against Injective than usual: you would sell low and buy high (spread −0.772% now, against its 7-day average of −0.215%). If the spread goes back, that is −$56 on $10k: about 13 hours of funding at the current rate (+$100 a day). At the pace of the last 7 days (+1.319% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.319% in total (about 68.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.18 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective ZEC/USDC PERP1,493−0.3243get 0.0405% / 1h19m 42s$34K$273K12x
ShortApeX Omni ZECUSDT1,481.50.0100get 0.0013% / 1h19m 42s$410K$927K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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
$702.1
Price spread: −0.772% → −0.215%
−$55.68
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$636.4
Costs to cover
0.100%
Break-even
0.7 days
Slippage unknown: Injective: live order book, 29 min ago; ApeX Omni: live order book, 29 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 29 min ago60.15 bp489443.9 bp −$489.4K4951866.0 bp −$49.52M49286508.0 bp −$4928.65M245605760.0 bp −$122802.88M
Sell ApeX Omni live order book, 29 min ago3.95 bp14.0 bp −$1437.2 bp −$372doesn'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 PERPlong−0.3243%1h1,493long leg$34K$273K12x
BloFin ZEC-USDT−0.0108%8h1,493.9+0.056%$30.3M$72.6M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,506.1+0.877%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,506.8+0.924%$419K$36K5xas long as short
Kalshi KXZECPERP0.0000%8h1,504.1+0.745%$1.7M$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,508.1+1.010%$86K$239K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,508.8+1.055%$5.4M150xas long as short
Orderly PERP_ZEC_USDC+0.0064%8h1,507.5+0.972%$304K$897K20xas long as short
01 Exchange ZECUSD+0.0064%1h1,506.3+0.887%$8K$7K5xas long as short
Phoenix ZEC+0.0092%1h1,475.1−1.200%$4.7M$1.3M10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex ZECUSDT+0.0096%1h1,506.1+0.875%$143K$1.7M50xas long as short
Bybit ZECUSDT+0.0098%8h1,505.5+0.834%$273.1M$608.3M75xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,507.3+0.958%$62K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,508+1.006%$2.9M$6.4M10xas long as short
Hyperliquid ZEC+0.0100%1h1,509.5+1.104%$789.4M$430.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,507.4+0.966%$14.8M$28.9M75xas long as short
Pacifica ZEC+0.0100%1h1,507.3+0.960%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,507.2+0.949%$699.6M$2.21B75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,505.9+0.865%$182.0M$1.27B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,502.6+0.642%$403K$488K5xas long as short
Bulk ZEC-USD+0.0100%1h1,479.3−0.920%$894K$15K10xas long as short
Gate ZEC_USDT+0.0100%8h1,505.8+0.855%$54.7M$176.3M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,506.2+0.883%$231.4M$771.4M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,508.7+1.048%$106.1M$53.5M75xas long as short
Bitget ZECUSDT+0.0100%8h1,505.6+0.843%$169.2M$273.3M75xas long as short
BingX ZEC-USDT+0.0100%8h1,505.3+0.824%$113.0Mas long as short
Variational Omni ZEC+0.0100%8h1,494.7+0.111%$48.9M$32.5Mas long as short
edgeX ZECUSDC+0.0100%4h1,479.1−0.934%$558K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,481.5−0.773%$3.0M$462K10xas long as short
ApeX Omni ZECUSDTshort+0.0100%1h1,481.5−0.772%$410K$927K50x
StandX ZEC-USD+0.0100%1h1,495.6+0.173%$55K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,508+1.004%$373K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,509.2+1.085%$166K$183K20xas long as short
Derive ZEC-PERP+0.0100%1h1,507.5+0.968%$460K$506K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,510+1.136%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,510.5+1.168%$250K$3.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,509.1+1.076%$2.6M$19.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,510.5+1.172%$4.0M$4.9M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,505.8+0.857%$13K$847K10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0101% / S −0.0074%1h1,508.5+1.040%$399K100xas long as short
Extended ZEC-USD+0.0104%1h1,505.4+0.830%$2.8M$8.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,508.6+1.046%$46K$153K20xas long as short
Lighter RH ZEC+0.0120%1h1,508.1+1.007%$2.2M$7.2M10xas long as short
Kraken Futures PF_ZECUSD+0.0142%1h1,510.5+1.172%$18.4M$45.9M25xas long as short
RISEx ZEC/USDC+0.0154%1h1,505.4+0.829%$947K$1.1M10xas long as short
Lighter ZEC+0.0200%1h1,508.5+1.035%$19.8M$44.6M20xas long as short
Backpack ZEC_USDC_PERP+0.0443%1h1,512.2+1.283%$2.4M$3.7M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0496%1h1,512.9+1.332%$3.7M$9.7M50xas long as short
Arcus ZEC-USD+0.0508%1h1,505.6+0.846%$622K$8.3M10xas long as short
Aftermath Perps ZECUSD+0.0746%1h1,483.4−0.647%$49K$58K10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0896%1h1,510.3+1.160%$645K$1.3M25xas long as short