Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.085%

Price spread now: Katana Perps against ApeX Omni−0.087%7-day average +0.129% · you buy dearer than you sell

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

Long on ApeX Omni Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.601%+$60 on $10k

Price spread, last 7 days+0.136%+$14 · spread now −0.087%, 7d avg +0.129%

Together, before fees+0.738%+$74 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: Katana Perps is 0.217% cheaper against ApeX Omni than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.129%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZECUSDT	1,501.6	0.0100	pay 0.0013% / 1h	15m 38s	$413K	$941K	50x
Short	Katana Perps ZEC-USD	1,500.3	0.0098	get 0.0098% / 8h	1h 15m	$12K	$879K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$0.4
Price spread: −0.087% → +0.129%: −$21.67
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$35.87
Costs to cover: 0.138%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 28 min ago; Katana Perps: no order-book sample. 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 ApeX Omni live order book, 28 min ago	4.76 bp	10.5 bp −$11	32.7 bp −$327	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEC on 50 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	−0.3684%	1h	1,478.1	−1.566%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,498	−0.242%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0157%	8h	1,502.3	+0.049%	$30.7M	$75.2M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,499.9	−0.114%	$18.2M	$46.5M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,499.1	−0.170%	$6K	$1K	10x	as long as short
Bulk ZEC-USD	−0.0051%	1h	1,487.2	−0.963%	$898K	$9K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,499.7	−0.127%	$417K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,502.7	+0.072%	$1.6M	$4.6M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,501.3	−0.020%	$5.3M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0038%	1h	1,500.1	−0.099%	$685K	$1.4M	25x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps ZECUSD	+0.0055%	1h	1,491.8	−0.654%	$47K	$64K	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0079%	8h	1,499.3	−0.155%	$302K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,500	−0.111%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USDshort	+0.0098%	8h	1,500.3	−0.087%	$12K	$879K	10x
Nado ZEC-PERP	+0.0100%	1h	1,499.8	−0.121%	$3.0M	$7.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,499.9	−0.113%	$14.0M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,499.8	−0.121%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,500.1	−0.099%	$698.9M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,500	−0.108%	$268.3M	$633.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,500.3	−0.089%	$183.2M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,497.5	−0.274%	$410K	$522K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,499.5	−0.138%	$55.1M	$185.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,499.7	−0.127%	$247.5M	$793.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,499.4	−0.145%	$103.1M	$57.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,499.8	−0.121%	$161.3M	$289.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,499	−0.173%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,498.8	−0.184%	$49.0M	$34.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,499.3	−0.153%	$574K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,497.4	−0.280%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,501.6	long leg	$413K	$941K	50x
StandX ZEC-USD	+0.0100%	1h	1,498.9	−0.180%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,498.6	−0.200%	$360K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,498.7	−0.194%	$165K	$184K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,500.9	−0.045%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,499.6	−0.137%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,499.8	−0.123%	$2.7M	$20.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,499	−0.176%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,499.6	−0.131%	$62K	$43K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,500	−0.105%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,499.2	−0.158%	$43K	$152K	20x	as long as short
01 Exchange ZECUSD	+0.0128%	1h	1,500.8	−0.051%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,499.2	−0.161%	$938K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,501.5	−0.008%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0153% / S −0.0169%	1h	1,499.4	−0.144%	$485K	—	100x	as long as short
Hyperliquid ZEC	+0.0201%	1h	1,500.3	−0.087%	$780.4M	$444.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0211%	1h	1,500.2	−0.093%	$2.4M	$3.9M	15x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,500.9	−0.049%	$612K	$8.7M	10x	as long as short
Lighter RH ZEC	+0.0256%	1h	1,501	−0.043%	$2.1M	$7.4M	10x	as long as short
Lighter ZEC	+0.0304%	1h	1,500.6	−0.065%	$19.8M	$46.3M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,500.9	−0.049%	$3.7M	$10.1M	50x	as long as short