Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0375%/8h= −41.0% APRpaid last 24h −0.066%

Price spread now: ApeX Omni against MEXC−0.054%7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.935%−$93 on $10k

Price spread, last 7 days+0.071%+$7 · spread now −0.054%, 7d avg −0.131%

Together, before fees−0.864%−$86 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.077% dearer against MEXC than usual: you sell high and buy low (spread −0.054% now, against its 7-day average of −0.131%): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEC_USDT	1,516.4	0.0100	pay 0.0100% / 8h	7h 50m	$414.4M	$827.3M	150x
Short	ApeX Omni ZECUSDT	1,515.6	−0.0275	pay 0.0034% / 1h	50m 53s	$416K	$951K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.054%Rate

Funding earned: −$78.69
Price spread: −0.054% → −0.131%: $7.67
Slippage, 4 orders: −$14.99
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$96
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; ApeX Omni: live order book, 48 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 MEXC live order book, 3 min ago	0.03 bp	2.4 bp −$2	4.7 bp −$47	5.2 bp −$524	52.4 bp −$26.2K
Sell ApeX Omni live order book, 48 min ago	4.29 bp	9.8 bp −$10	37.2 bp −$372	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	−0.3702%	1h	1,494.3	−1.455%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0463%	1h	1,515.3	−0.073%	$779K	$147K	10x	as long as short
Perpl ZEC	−0.0447%	43m	1,517.3	+0.059%	$62K	$305K	10x	as long as short
ApeX Omni ZECUSDTshort	−0.0275%	1h	1,515.6	−0.054%	$416K	$951K	50x
BloFin ZEC-USDT	−0.0148%	8h	1,518.3	+0.125%	$31.8M	$77.2M	75x	as long as short
Aftermath Perps ZECUSD	−0.0125%	1h	1,515	−0.089%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,517.4	+0.064%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,516.4	−0.001%	$421K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,517.7	+0.088%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,518.3	+0.127%	$5.4M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,518.9	+0.167%	$18.4M	$47.8M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,518	+0.108%	$8K	$6K	5x	as long as short
Phoenix ZEC	+0.0082%	1h	1,514.7	−0.114%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,518.7	+0.150%	$307K	$861K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,519.3	+0.191%	$19.6M	$44.4M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,519.5	+0.207%	$2.1M	$7.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,518.5	+0.142%	$173K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,517	+0.039%	$63K	$19K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,518	+0.109%	$16K	$901K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,518.1	+0.115%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,517.6	+0.080%	$794.1M	$447.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,517.4	+0.066%	$14.2M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,517	+0.041%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,518.1	+0.114%	$717.6M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,517.4	+0.069%	$273.7M	$629.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,517.8	+0.094%	$183.7M	$1.38B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,516.8	+0.028%	$413K	$555K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,518.2	+0.120%	$597K	$9.0M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,517.1	+0.048%	$60.2M	$183.3M	75x	as long as short
MEXC ZEC_USDTlong	+0.0100%	8h	1,516.4	long leg	$414.4M	$827.3M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,517.7	+0.086%	$103.6M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,518.2	+0.119%	$164.0M	$294.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,516	−0.026%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,509.2	−0.474%	$49.7M	$35.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,514	−0.156%	$565K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,516.8	+0.029%	$3.1M	$519K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,517.1	+0.050%	$51K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,518.7	+0.153%	$377K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,518.4	+0.135%	$170K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,512.3	−0.268%	$452K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,520.3	+0.257%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,518.4	+0.130%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,517.1	+0.046%	$2.7M	$21.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,518.3	+0.127%	$4.1M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,517.8	+0.097%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,518.5	+0.139%	$43K	$150K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0154% / S −0.0155%	1h	1,518.4	+0.133%	$337K	—	100x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,518.4	+0.135%	$968K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0219%	1h	1,519.6	+0.215%	$694K	$1.4M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,518.7	+0.151%	$3.7M	$9.9M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0539%	1h	1,518.1	+0.114%	$2.4M	$3.8M	15x	as long as short