Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.060%

Price spread now: ApeX Omni against OKX+0.341%7-day average −0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs+$12as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.890%−$89 on $10k

Price spread, last 7 days−0.327%−$33 · spread now +0.341%, 7d avg −0.127%

Together, before fees−1.218%−$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 0.468% dearer against OKX than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of −0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEC-USDT-SWAP	1,504.1	0.0100	pay 0.0100% / 8h	7h 12m	$185.5M	$1.35B	50x
Short	ApeX Omni ZECUSDT	1,509.2	0.0100	get 0.0013% / 1h	12m 50s	$414K	$953K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.341%Rate

Funding earned: $0
Price spread: +0.341% → −0.127%: $46.77
Slippage, 4 orders: −$14.59
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $12.18
Costs to cover: 0.346%
Break-even: from the start

Slippage from OKX: live order book, 1 min ago; ApeX Omni: live order book, 21 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 OKX live order book, 1 min ago	0.03 bp	5.3 bp −$5	7.7 bp −$77	18.9 bp −$1,892	doesn't fit
Sell ApeX Omni live order book, 21 min ago	4.22 bp	13.7 bp −$14	36.5 bp −$365	doesn't fit	doesn't fit

ZEC on 50 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	1,491.4	−0.846%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,502.3	−0.118%	$62K	$308K	10x	as long as short
Aftermath Perps ZECUSD	−0.0253%	1h	1,506.6	+0.166%	$48K	$58K	10x	as long as short
BloFin ZEC-USDT	−0.0168%	8h	1,504	−0.005%	$31.6M	$75.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,505.8	+0.113%	$6K	$1K	10x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,505.9	+0.122%	$1.6M	$5.0M	2.2x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,505.6	+0.098%	$415K	$34K	5x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,504.3	+0.013%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,504.5	+0.029%	$18.3M	$47.5M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,505.4	+0.086%	$8K	$6K	5x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZEC_USDT	+0.0073%	8h	1,503.6	−0.031%	$60.7M	$188.4M	75x	as long as short
Phoenix ZEC	+0.0082%	1h	1,506.9	+0.185%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,503.5	−0.042%	$304K	$860K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,505.4	+0.085%	$19.6M	$45.7M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,505.5	+0.091%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.2	+0.072%	$177K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,505.3	+0.082%	$62K	$16K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,505.1	+0.070%	$16K	$878K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,505.3	+0.082%	$3.1M	$7.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.3	+0.081%	$790.1M	$447.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,503.3	−0.052%	$14.0M	$29.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,505.8	+0.113%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,504.1	+0.003%	$710.5M	$2.29B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,503.6	−0.030%	$273.2M	$611.0M	75x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0100%	8h	1,504.1	long leg	$185.5M	$1.35B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,503	−0.072%	$409K	$545K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,506.2	+0.138%	$595K	$8.8M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.1	+0.267%	$776K	$147K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,503.6	−0.034%	$405.6M	$843.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,503.7	−0.024%	$102.8M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,503.8	−0.019%	$163.1M	$290.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,504.9	+0.057%	—	$6.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,506.2	+0.141%	$49.8M	$35.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,508.6	+0.303%	$551K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,508.2	+0.276%	$3.1M	$549K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,509.2	+0.341%	$414K	$953K	50x
StandX ZEC-USD	+0.0100%	1h	1,509.2	+0.338%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,504.8	+0.048%	$374K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,503.8	−0.016%	$168K	$190K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,506.2	+0.138%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.8	−0.017%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,508	+0.261%	$2.7M	$20.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,504.6	+0.031%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,503.5	−0.040%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.1	−0.064%	$43K	$157K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0134%	1h	1,504.7	+0.043%	$2.4M	$3.7M	15x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,504.8	+0.049%	$966K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0158%	1h	1,504.6	+0.037%	$689K	$1.3M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0164% / S −0.0172%	1h	1,503.9	−0.014%	$334K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,505.9	+0.120%	$3.8M	$9.9M	50x	as long as short