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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.105%
Price spread now: Gate against ApeX Omni−0.195%96s7-day average +0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs+$54as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$370.373% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.911%+$91 on $10k
Price spread, last 7 days+0.290%+$29 · spread now −0.195%, 7d avg +0.133%
Together, before fees+1.200%+$120 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.328% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.195% now, against its 7-day average of +0.133%). If the spread goes back, that is −$33 on $10k: about 22 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.911% in total) that is about 2.5 days. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZECUSDT1,470.3−0.0006get 0.0001% / 1h23m 51s$431K$842K50x
ShortGate ZEC_USDT1,467.40.0043get 0.0043% / 8h23m 51s$50.5M$186.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$10.22
Price spread: −0.195% → +0.133%
−$32.8
Slippage, 4 orders
−$12.28
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$59.86
Costs to cover
0.373%
Break-even
48.0 days
Slippage from ApeX Omni: live order book, 55 min ago; Gate: live order book, 5 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, 55 min ago0.10 bp5.5 bp −$629.5 bp −$295doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago0.37 bp10.9 bp −$1115.8 bp −$15828.7 bp −$2,87053.4 bp −$26.7K

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−0.3089%1h1,472.9+0.182%$34K$275K12xas long as short
Ondo Perps ZEC-USD.P−0.0270%1h1,466.3−0.269%$399K$518K5xas long as short
Kraken Futures PF_ZECUSD−0.0225%1h1,467.8−0.170%$17.9M$44.4M25xas long as short
Bybit ZECUSDT−0.0116%8h1,467−0.221%$274.2M$654.0M75xas long as short
BloFin ZEC-USDT−0.0102%8h1,470.8+0.038%$29.7M$75.1M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,467.3−0.200%$6K$2K10xas long as short
Variational Omni ZEC−0.0060%8h1,471.8+0.102%$46.8M$33.9Mas long as short
ApeX Omni ZECUSDTlong−0.0006%1h1,470.3long leg$431K$842K50x
dYdX ZEC-USD0.0000%1h1,467.6−0.184%$413K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,469.7−0.038%$956K$5.6M2.2xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ZEC0.0000%43m1,466.5−0.257%$83K$407K10xas long as short
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,467.6−0.179%$612K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,467.4−0.198%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0014%8h1,466.8−0.233%$294K$1.4M20xas long as short
01 Exchange ZECUSD+0.0016%1h1,466.9−0.232%$8K$8K5xas long as short
Phoenix ZEC+0.0024%1h1,470.8+0.035%$4.6M$1.6M10xas long as short
OKX ZEC-USDT-SWAP+0.0039%8h1,467.5−0.190%$180.3M$1.34B50xas long as short
Gate ZEC_USDTshort+0.0043%8h1,467.4−0.195%$50.5M$186.9M75x
GMX ZEC/USD [WBTC.b-USDC]L +0.0054% / S −0.0010%1h1,467.1−0.213%$371K100xas long as short
Lighter ZEC+0.0096%1h1,469−0.086%$19.1M$52.5M20xas long as short
Popdex ZECUSDT+0.0096%1h1,466.9−0.229%$175K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0097%8h1,466.1−0.286%$13K$834K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,467−0.225%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,467.7−0.175%$2.6M$6.8M10xas long as short
Hyperliquid ZEC+0.0100%1h1,468.4−0.125%$761.2M$472.2M10xas long as short
Aster ZECUSDT+0.0100%8h1,467.3−0.204%$14.9M$32.7M75xas long as short
Pacifica ZEC+0.0100%1h1,468.3−0.133%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,467.5−0.190%$682.6M$2.46B75xas long as short
Arcus ZEC-USD+0.0100%1h1,468.7−0.109%$701K$8.4M10xas long as short
Bulk ZEC-USD+0.0100%1h1,469.8−0.034%$894K$39K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,467.4−0.195%$231.5M$839.8M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,467.3−0.203%$103.3M$56.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,467.5−0.190%$162.7M$301.3M75xas long as short
BingX ZEC-USDT+0.0100%8h1,467.6−0.183%$102.4Mas long as short
edgeX ZECUSDC+0.0100%4h1,470.6+0.022%$513K$9.2M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,473.2+0.197%$3.0M$454K10xas long as short
StandX ZEC-USD+0.0100%1h1,471.9+0.111%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,466.9−0.229%$342K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,466.8−0.238%$127K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,465.4−0.328%$457K$498K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,469−0.086%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,467.4−0.195%$237K$4.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,466.6−0.250%$2.5M$22.9M75xas long as short
Phemex ZECUSDT+0.0100%8h1,468.1−0.149%$3.8M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,467.6−0.179%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,466.5−0.255%$37K$366K20xas long as short
RISEx ZEC/USDC+0.0132%1h1,467.5−0.187%$823K$1.2M10xas long as short
Backpack ZEC_USDC_PERP+0.0411%1h1,468−0.153%$2.4M$3.8M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0432%1h1,469.4−0.060%$3.8M$10.6M50xas long as short
Lighter RH ZEC+0.0456%1h1,469.7−0.037%$2.0M$8.4M10xas long as short
Aftermath Perps ZECUSD+0.0730%1h1,470.7+0.033%$45K$47K10xas long as short