Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.083%

Price spread now: ApeX Omni against SoDEX+0.060%74s7-day average −0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.256% of the position

Long on SoDEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.393%−$39 on $10k

Price spread, last 4 days (all we have)−0.707%−$71 · spread now +0.060%, 7d avg −0.153%

Together, before fees−1.100%−$110 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 0.213% dearer against SoDEX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.153%. The two prices were read 74 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	SoDEX ZEC-USD	1,449	0.0100	pay 0.0013% / 1h	41m 45s	$232K	$3.4M	10x
Short	ApeX Omni ZECUSDT	1,449.9	0.0100	get 0.0013% / 1h	41m 45s	$403K	$921K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SoDEX. 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 SoDEXbpFee ApeX OmnibpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.153%: $21.31
Slippage, 4 orders: −$7.6
Fee SoDEX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$4.29
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; ApeX Omni: live order book, 17 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 SoDEX live order book, 2 min ago	0.07 bp	4.2 bp −$4	14.3 bp −$143	100.0 bp −$10.0K	doesn't fit
Sell ApeX Omni live order book, 17 min ago	1.59 bp	9.7 bp −$10	33.2 bp −$332	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	−0.3166%	1h	1,451.5	+0.168%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,450.5	+0.104%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0069%	8h	1,450.3	+0.087%	$29.2M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,449.9	+0.061%	$408K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,450	+0.070%	$1.5M	$4.4M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,449	−0.002%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,448.9	−0.010%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0059%	8h	1,449	+0.001%	$290K	$958K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0065% / S −0.0016%	1h	1,448.7	−0.022%	$407K	—	100x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,449.4	+0.025%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,449.3	+0.022%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,449.1	+0.006%	$11K	$875K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,450.3	+0.085%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,450.1	+0.078%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,450.6	+0.109%	$754.5M	$434.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,449.6	+0.039%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,450.2	+0.083%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,450.3	+0.088%	$665.7M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,449.9	+0.061%	$260.8M	$602.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,450.3	+0.087%	$177.0M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,448.7	−0.022%	$394K	$444K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,450.7	+0.116%	$875K	$29K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,449.6	+0.039%	$49.8M	$173.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,450.1	+0.076%	$215.2M	$769.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,449.7	+0.045%	$102.0M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,449.7	+0.048%	$164.6M	$274.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,449.6	+0.040%	—	$101.1M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,449.2	+0.014%	$2.4M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,447.3	−0.116%	$47.4M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,447.5	−0.107%	$563K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,450.6	+0.107%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,449.9	+0.060%	$403K	$921K	50x
StandX ZEC-USD	+0.0100%	1h	1,450.9	+0.130%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,449	−0.001%	$365K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,449.2	+0.009%	$159K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,447.9	−0.078%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,452.1	+0.210%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDlong	+0.0100%	1h	1,449	long leg	$232K	$3.4M	10x
HTX ZEC-USDT	+0.0100%	8h	1,447.8	−0.086%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,449.1	+0.008%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,449.3	+0.021%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,448.8	−0.017%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,451.4	+0.164%	$4.6M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0231%	1h	1,449.6	+0.037%	$608K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0279%	1h	1,448.7	−0.019%	$17.9M	$44.9M	25x	as long as short
Lighter ZEC	+0.0328%	1h	1,451.4	+0.167%	$19.1M	$45.9M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,449.5	+0.030%	$919K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,452.6	+0.249%	$3.8M	$9.0M	50x	as long as short
Lighter RH ZEC	+0.0472%	1h	1,451.8	+0.189%	$2.0M	$6.9M	10x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,449.6	+0.042%	$737K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0672%	1h	1,449.8	+0.056%	$44K	$49K	10x	as long as short