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Funding arb · Price arb /

ZEC

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC−0.2815%/8h= −308.2% APRnext payment −$3.52 per $10,000 · paid last 24h −0.484%
Price spread now: Injective against ApeX Omni+0.381%7-day average +0.236% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ApeX OmniShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days−1.279%−$128 on $10k
Price spread, last 3 days (all we have)+0.244%+$24 · spread now +0.381%, 7d avg +0.236%
Together, before fees−1.035%−$103 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.145% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.381% now, against its 7-day average of +0.236%): +$15 on $10k if it goes back. Holding the pair costs −$84 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−1.279% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.279% in total (about -66.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZECUSDT1,464−0.0430get 0.0054% / 1h53m 15s$426K$879K50x
ShortInjective ZEC/USDC PERP1,469.5−0.3244pay 0.0406% / 1h53m 15s$34K$272K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$591.1
Price spread: +0.381% → +0.236%
$14.53
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$586.59
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 11 min ago; Injective: live order book, 11 min ago. Net counts fees only.

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, 11 min ago4.56 bp10.5 bp −$1134.5 bp −$345doesn't fitdoesn't fit
Sell Injective live order book, 11 min ago66.26 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

ZEC on 50 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 PERPshort−0.3244%1h1,469.5+0.381%$34K$272K12x
ApeX Omni ZECUSDTlong−0.0430%1h1,464long leg$426K$879K50x
Hotstuff ZEC-PERP−0.0080%1h1,464.1+0.010%$6K$1K10xas long as short
Ondo Perps ZEC-USD.P−0.0014%1h1,465.5+0.106%$397K$440K5xas long as short
dYdX ZEC-USD0.0000%1h1,465.1+0.075%$413K$47K5xas long as short
Kalshi KXZECPERP0.0000%8h1,467.8+0.260%$968K$4.7M2.2xas long as short
Perpl ZEC0.0000%43m1,465.6+0.109%$84K$249K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,466.3+0.161%$5.2M—150xas long as short
Orderly PERP_ZEC_USDC+0.0034%8h1,465.8+0.128%$293K$983K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0009%1h1,466.2+0.157%$383K—100xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix ZEC+0.0074%1h1,462.9−0.069%$4.6M$1.4M10xas long as short
Variational Omni ZEC+0.0084%8h1,465.1+0.075%$47.8M$32.1M—as long as short
01 Exchange ZECUSD+0.0096%1h1,466.9+0.204%$8K$7K5xas long as short
Popdex ZECUSDT+0.0096%1h1,465.9+0.130%$174K$1.8M50xas long as short
OKX ZEC-USDT-SWAP+0.0098%8h1,465.2+0.085%$180.6M$1.24B50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,465.7+0.121%$19K$846K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,466.4+0.165%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,466.5+0.171%$2.6M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,467.4+0.236%$764.9M$432.4M10xas long as short
Aster ZECUSDT+0.0100%8h1,465.5+0.109%$14.7M$29.0M75xas long as short
Pacifica ZEC+0.0100%1h1,466.4+0.170%$1.7M$2.6M10xas long as short
Binance ZECUSDT+0.0100%8h1,465.9+0.134%$677.1M$2.25B75xas long as short
Bybit ZECUSDT+0.0100%8h1,465.3+0.089%$271.4M$604.1M75xas long as short
Bulk ZEC-USD+0.0100%1h1,462.6−0.095%$888K$18K10xas long as short
Gate ZEC_USDT+0.0100%8h1,466.3+0.162%$50.1M$170.0M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,465.7+0.120%$215.5M$768.9M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,466+0.143%$103.1M$55.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,465.4+0.099%$162.8M$275.5M75xas long as short
BingX ZEC-USDC+0.0100%8h1,465.7+0.118%—$6.7M—as long as short
edgeX ZECUSDC+0.0100%4h1,461.8−0.148%$569K$8.9M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,465.9+0.135%$3.0M$430K10xas long as short
StandX ZEC-USD+0.0100%1h1,464.6+0.044%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,465.7+0.120%$342K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,466.2+0.154%$127K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,464.7+0.048%$447K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,468.2+0.292%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,466.1+0.145%$242K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,465.9+0.134%$2.5M$18.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,465.8+0.127%$3.9M$5.2M50xas long as short
Extended ZEC-USD+0.0104%1h1,466.2+0.155%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,465.6+0.113%$48K$155K20xas long as short
Lighter ZEC+0.0152%1h1,467.1+0.218%$19.2M$45.8M20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0152%1h1,466.8+0.197%$612K$1.3M25xas long as short
Backpack ZEC_USDC_PERP+0.0162%1h1,466+0.139%$2.4M$3.8M15xas long as short
Kraken Futures PF_ZECUSD+0.0194%1h1,466+0.139%$18.0M$43.7M25xas long as short
Arcus ZEC-USD+0.0277%1h1,467.9+0.268%$698K$8.5M10xas long as short
Lighter RH ZEC+0.0288%1h1,467.6+0.252%$2.1M$6.8M10xas long as short
RISEx ZEC/USDC+0.0409%1h1,466.6+0.183%$849K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0456%1h1,467.9+0.268%$3.7M$9.0M50xas long as short
Aftermath Perps ZECUSD+0.0730%1h1,467.1+0.218%$43K$46K10xas long as short