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% APRpaid last 24h −0.094%

Price spread now: ApeX Omni against SunX−0.168%73s7-day average −0.251% · you buy dearer than you sell

Net, funding: paid 7d − costs−$257as in the Funding arb table

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

costs, in and out, $10k−$1351.352% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−1.217%−$122 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now −0.168%, 7d avg −0.251%

Together, before fees−1.435%−$144 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 0.084% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.251%. The two prices were read 73 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	SunX ZEC-USDT	1,461.5	0.0100	pay 0.0100% / 8h	4h 00m	$3K	$1.1M	20x
Short	ApeX Omni ZECUSDT	1,459.1	0.0100	get 0.0013% / 1h	0m 01s	$405K	$942K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.168%Rate

Funding earned: $0
Price spread: −0.168% → −0.251%: $8.35
Slippage, 4 orders: −$117.22
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$126.86
Costs to cover: 1.352%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; ApeX Omni: live order book, 59 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 SunX live order book, 3 min ago	29.01 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 59 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	1,457.9	−0.246%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,458.3	−0.220%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,459.1	−0.166%	$29.5M	$71.0M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.2	−0.228%	$411K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,460	−0.107%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,460	−0.102%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,460	−0.102%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,460	−0.105%	$292K	$952K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0071% / S −0.0023%	1h	1,460.1	−0.099%	$410K	—	100x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,460.3	−0.086%	$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	1,459.7	−0.128%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,459.6	−0.129%	$10K	$858K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,459.4	−0.147%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,459.6	−0.133%	$2.9M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,460.9	−0.043%	$760.0M	$431.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,460.2	−0.090%	$14.8M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,459.5	−0.139%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459.7	−0.123%	$670.5M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,459	−0.171%	$261.9M	$602.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,459.8	−0.120%	$178.4M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,457.6	−0.269%	$396K	$442K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	−0.273%	$880K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,459.8	−0.116%	$50.6M	$175.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,460.1	−0.095%	$215.6M	$777.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,460.2	−0.094%	$103.0M	$54.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,459.8	−0.118%	$166.0M	$270.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,458.7	−0.192%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457.6	−0.268%	$47.8M	$32.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,458.8	−0.188%	$568K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.1	−0.165%	$3.0M	$451K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,459.1	−0.168%	$405K	$942K	50x
StandX ZEC-USD	+0.0100%	1h	1,457.7	−0.265%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,460	−0.105%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,460.3	−0.082%	$161K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,458.9	−0.182%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,461.5	long leg	$3K	$1.1M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,459.8	−0.116%	$234K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459	−0.173%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460	−0.106%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,459.6	−0.131%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,460	−0.106%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,458.7	−0.195%	$4.6M	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0194%	1h	1,460.3	−0.086%	$2.4M	$3.9M	15x	as long as short
Lighter ZEC	+0.0256%	1h	1,461.3	−0.016%	$19.3M	$46.0M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0276%	1h	1,459.8	−0.119%	$18.0M	$45.2M	25x	as long as short
Lighter RH ZEC	+0.0312%	1h	1,461	−0.036%	$2.1M	$7.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0381%	1h	1,460.9	−0.044%	$616K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,459.6	−0.134%	$924K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,462.2	+0.044%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,460.5	−0.072%	$679K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0678%	1h	1,459.2	−0.156%	$45K	$49K	10x	as long as short