Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.085%
Price spread now: Bullet against ApeX Omni−0.329%66s7-day average +0.153% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$310.308% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.424%+$42 on $10k
Price spread, last 4 days (all we have)+0.656%+$66 · spread now −0.329%, 7d avg +0.153%
Together, before fees+1.080%+$108 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: Bullet is 0.482% cheaper against ApeX Omni than usual: you would sell low and buy high, −$48 on $10k if it goes back to its 7-day average of +0.153%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZECUSDT1,4570.0100pay 0.0013% / 1h47m 55s$404K$941K50x
ShortBullet ZEC-USD1,452.20.0100get 0.0013% / 1h47m 55s$160K$185K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against ApeX 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

Funding earned
$0
Price spread: −0.329% → +0.153%
−$48.21
Slippage, 4 orders
−$12.85
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$79.06
Costs to cover
0.308%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 6 min ago; Bullet: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 6 min ago2.61 bp8.4 bp −$830.0 bp −$300doesn't fitdoesn't fit
Sell Bullet live order book, 6 min ago1.68 bp6.3 bp −$69.9 bp −$99doesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3042%1h1,454−0.204%$33K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,453.8−0.221%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0071%8h1,452.9−0.281%$29.4M$70.4M75xas long as short
dYdX ZEC-USD0.0000%1h1,453.1−0.268%$409K$37K5xas long as short
Kalshi KXZECPERP0.0000%8h1,453.8−0.219%$1.5M$4.5M2.2xas long as short
Perpl ZEC0.0000%43m1,453.1−0.269%$83K$240K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,452.6−0.304%$5.1M150xas long as short
Orderly PERP_ZEC_USDC+0.0063%8h1,452.6−0.302%$290K$943K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0079% / S −0.0028%1h1,452.2−0.329%$432K100xas long as short
Popdex ZECUSDT+0.0096%1h1,453−0.273%$173K$1.7M50xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps ZEC-USD+0.0100%8h1,452.7−0.292%$10K$848K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,454.1−0.200%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,454.1−0.196%$2.8M$6.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,452.5−0.309%$14.7M$27.9M75xas long as short
Pacifica ZEC+0.0100%1h1,453.9−0.211%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,452.2−0.328%$666.9M$2.20B75xas long as short
Bybit ZECUSDT+0.0100%8h1,451.9−0.352%$260.9M$600.2M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,452.2−0.329%$177.4M$1.21B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,452.7−0.295%$395K$440K5xas long as short
Bulk ZEC-USD+0.0100%1h1,454−0.205%$878K$18K10xas long as short
Gate ZEC_USDT+0.0100%8h1,452.4−0.316%$50.5M$170.4M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,452.6−0.300%$214.2M$765.7M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,452.6−0.303%$102.4M$53.5M75xas long as short
Bitget ZECUSDT+0.0100%8h1,452.4−0.313%$165.1M$270.3M75xas long as short
BingX ZEC-USDT+0.0100%8h1,452.4−0.315%$105.5Mas long as short
Variational Omni ZEC+0.0100%8h1,453−0.272%$47.6M$32.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,455.8−0.082%$566K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,456.5−0.033%$3.0M$451K10xas long as short
ApeX Omni ZECUSDTlong+0.0100%1h1,457long leg$404K$941K50x
StandX ZEC-USD+0.0100%1h1,452.9−0.281%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,452.7−0.295%$353K$1.8M10xas long as short
Bullet ZEC-USDshort+0.0100%1h1,452.2−0.329%$160K$185K20x
Derive ZEC-PERP+0.0100%1h1,451.3−0.393%$443K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,455−0.138%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,452.3−0.321%$233K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,453.2−0.261%$2.7M$18.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,453.1−0.270%$3.8M$5.0M50xas long as short
Lighter RH ZEC+0.0104%1h1,453.9−0.214%$2.1M$7.0M10xas long as short
Extended ZEC-USD+0.0104%1h1,452.4−0.314%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,452.6−0.300%$47K$151K20xas long as short
Hyperliquid ZEC+0.0116%1h1,453.8−0.220%$756.2M$428.6M10xas long as short
Phoenix ZEC+0.0116%1h1,454.5−0.170%$4.6M$1.3M10xas long as short
01 Exchange ZECUSD+0.0120%1h1,453.1−0.268%$8K$7K5xas long as short
Backpack ZEC_USDC_PERP+0.0151%1h1,452.9−0.279%$2.4M$3.9M15xas long as short
Lighter ZEC+0.0176%1h1,453.9−0.216%$19.2M$44.7M20xas long as short
RISEx ZEC/USDC+0.0216%1h1,453.1−0.266%$919K$1.1M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0253%1h1,453.4−0.250%$613K$1.3M25xas long as short
Kraken Futures PF_ZECUSD+0.0334%1h1,452.4−0.315%$18.0M$45.2M25xas long as short
Arcus ZEC-USD+0.0344%1h1,455.3−0.118%$689K$8.2M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0464%1h1,454.5−0.170%$3.8M$9.1M50xas long as short
Aftermath Perps ZECUSD+0.0681%1h1,454.7−0.161%$45K$49K10xas long as short