Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.055%

Price spread now: Bybit against ApeX Omni−0.069%99s7-day average +0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs+$81as 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−$280.284% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+1.092%+$109 on $10k

Price spread, last 7 days+0.153%+$15 · spread now −0.069%, 7d avg +0.131%

Together, before fees+1.245%+$125 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: Bybit is 0.200% cheaper against ApeX Omni than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.131%. The two prices were read 99 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	ApeX Omni ZECUSDT	1,457.4	0.0100	pay 0.0013% / 1h	25m 54s	$403K	$944K	50x
Short	Bybit ZECUSDT	1,456.4	0.0100	get 0.0100% / 8h	3h 25m	$261.0M	$599.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee BybitbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → +0.131%: −$20.01
Slippage, 4 orders: −$7.44
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.45
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 28 min ago; Bybit: live order book, 3 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 ApeX Omni live order book, 28 min ago	2.61 bp	8.4 bp −$8	30.0 bp −$300	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.03 bp	5.5 bp −$6	7.6 bp −$76	17.4 bp −$1,741	36.4 bp −$18.2K

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	−0.3042%	1h	1,457.6	+0.016%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.9	−0.037%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,456.5	−0.061%	$29.4M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,456.3	−0.073%	$410K	$36K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,456.6	−0.054%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.3	−0.078%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,456.4	−0.067%	$291K	$944K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0084% / S −0.0034%	1h	1,456.1	−0.086%	$434K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,456.8	−0.038%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,456.6	−0.054%	$14K	$820K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.6	−0.056%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,456.6	−0.053%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.5	−0.064%	$14.5M	$28.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,456.9	−0.032%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,456.9	−0.035%	$670.5M	$2.19B	75x	as long as short
Bybit ZECUSDTshort	+0.0100%	8h	1,456.4	−0.069%	$261.0M	$599.2M	75x
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.7	−0.050%	$178.8M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.7	−0.116%	$395K	$434K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,453.9	−0.242%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,456.5	−0.063%	$51.4M	$171.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,456.7	−0.049%	$218.6M	$770.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,456.6	−0.054%	$102.8M	$53.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456.9	−0.037%	$165.7M	$269.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,455.8	−0.112%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,455.5	−0.133%	$47.7M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.1	−0.089%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.5	−0.061%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,457.4	long leg	$403K	$944K	50x
StandX ZEC-USD	+0.0100%	1h	1,456.2	−0.082%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.4	−0.068%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,456.3	−0.077%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.3	−0.141%	$444K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,458.9	+0.104%	$4K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,456.5	−0.061%	$233K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456	−0.098%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.8	−0.042%	$3.8M	$4.9M	50x	as long as short
Lighter RH ZEC	+0.0104%	1h	1,458.1	+0.047%	$2.1M	$7.0M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.5	−0.064%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.3	−0.077%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,456.9	−0.036%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,457.1	−0.022%	$8K	$7K	5x	as long as short
Lighter ZEC	+0.0144%	1h	1,458	+0.039%	$19.2M	$45.0M	20x	as long as short
Hyperliquid ZEC	+0.0147%	1h	1,457.7	+0.021%	$759.0M	$426.3M	10x	as long as short
Kalshi KXZECPERP	+0.0160%	8h	1,457	−0.027%	$1.5M	$4.4M	2.2x	as long as short
Backpack ZEC_USDC_PERP	+0.0174%	1h	1,457.1	−0.017%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,456.6	−0.055%	$921K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0255%	1h	1,457.1	−0.020%	$613K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,456.3	−0.074%	$18.0M	$45.3M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,458.3	+0.063%	$697K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,458.9	+0.104%	$3.8M	$9.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0672%	1h	1,456.4	−0.071%	$45K	$49K	10x	as long as short