Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: Binance against Variational Omni+0.309%7-day average +0.035% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.282%−$28 · spread now +0.309%, 7d avg +0.035%

Together, before fees−0.294%+ Points / potential airdropVariational Omni: Active · farm board−$29 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: Binance is 0.274% dearer against Variational Omni than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZEC	1,451.5	0.0100	pay 0.0100% / 8h	4h 31m	$47.5M	$32.7M	—
Short	Binance ZECUSDT	1,456	0.0100	get 0.0100% / 8h	4h 31m	$668.3M	$2.21B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.309%Rate

Funding earned: $0
Price spread: +0.309% → +0.035%: $27.37
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $17.37
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Binance: live order book, 13 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	2.75 bp	doesn't fit	6.3 bp −$63	14.9 bp −$1,486	doesn't fit
Sell Binance live order book, 13 min ago	0.03 bp	5.1 bp −$5	8.0 bp −$80	19.5 bp −$1,952	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	1,455.5	+0.279%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,455.5	+0.273%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0067%	8h	1,455.9	+0.302%	$29.2M	$70.8M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,454.5	+0.210%	$410K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,455	+0.244%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.2	+0.321%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,455.8	+0.295%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0061%	8h	1,455.8	+0.294%	$291K	$956K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0067% / S −0.0018%	1h	1,455.6	+0.285%	$409K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,456.5	+0.347%	$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	1,456	+0.309%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,455.8	+0.294%	$11K	$859K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.2	+0.325%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,456.3	+0.328%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,457	+0.380%	$757.7M	$432.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.1	+0.320%	$14.5M	$27.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,456.3	+0.329%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDTshort	+0.0100%	8h	1,456	+0.309%	$668.3M	$2.21B	75x
Bybit ZECUSDT	+0.0100%	8h	1,455.5	+0.278%	$262.2M	$601.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,455.9	+0.307%	$177.9M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,452.5	+0.070%	$395K	$440K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454	+0.171%	$877K	$29K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,456	+0.310%	$50.1M	$173.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,455.9	+0.307%	$217.3M	$771.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,456.2	+0.324%	$102.2M	$54.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456	+0.313%	$165.4M	$271.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,455.5	+0.278%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,455.9	+0.305%	$2.4M	$3.9M	15x	as long as short
Variational Omni ZEClong	+0.0100%	8h	1,451.5	long leg	$47.5M	$32.7M	—
edgeX ZECUSDC	+0.0100%	4h	1,454.6	+0.215%	$566K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,454.8	+0.230%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,454.8	+0.231%	$405K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,454.6	+0.217%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,455.7	+0.290%	$366K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,455.9	+0.301%	$160K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,454.7	+0.224%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,458.2	+0.465%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,455.6	+0.285%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,455.4	+0.267%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,455.4	+0.267%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,455.6	+0.286%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,455.6	+0.284%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,455.9	+0.305%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0277%	1h	1,455.9	+0.303%	$18.0M	$44.9M	25x	as long as short
Lighter ZEC	+0.0320%	1h	1,457.3	+0.402%	$19.2M	$45.9M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0378%	1h	1,456.6	+0.354%	$609K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,456.2	+0.326%	$922K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,457.4	+0.408%	$3.8M	$9.0M	50x	as long as short
Lighter RH ZEC	+0.0480%	1h	1,457.8	+0.433%	$2.0M	$6.9M	10x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,457.5	+0.411%	$701K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0676%	1h	1,454.4	+0.203%	$44K	$49K	10x	as long as short