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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.24 per $10,000 · paid last 24h +0.127%
Price spread now: Nado against ApeX Omni+0.374%61s7-day average +0.175% · you sell dearer than you buy
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−$470.469% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.435%+$43 on $10k
Price spread, last 7 days−0.218%−$22 · spread now +0.374%, 7d avg +0.175%
Together, before fees+0.217%+ Points / potential airdropNado: Active · farm board+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Nado is 0.198% dearer against ApeX Omni than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.175%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZECUSDT1,475.7−0.0092get 0.0011% / 1h32m 07s$735K$601K50x
ShortNado ZEC-PERP1,481.20.0100get 0.0012% / 1h32m 07s$3.1M$7.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$40.27
Price spread: +0.374% → +0.175%
$19.85
Slippage, 4 orders
−$29.92
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$13.2
Costs to cover
0.469%
Break-even
4.7 days
Slippage from ApeX Omni: live order book, 17 min ago; Nado: live order book, 3 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, 17 min ago13.01 bp18.7 bp −$1947.0 bp −$470doesn't fitdoesn't fit
Sell Nado live order book, 3 min ago0.54 bp4.8 bp −$510.5 bp −$10541.0 bp −$4,100doesn'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−0.3181%1h1,476.9+0.081%$34K$159K12xas long as short
ApeX Omni ZECUSDTlong−0.0092%1h1,475.7long leg$735K$601K50x
Variational Omni ZEC−0.0090%8h1,479.3+0.245%$47.8M$30.5Mas long as short
Hotstuff ZEC-PERP−0.0080%1h1,481.5+0.392%$6K$2K10xas long as short
BloFin ZEC-USDT−0.0068%8h1,481.8+0.416%$29.9M$78.1M75xas long as short
Bybit ZECUSDT−0.0064%8h1,479.6+0.266%$277.7M$691.5M75xas long as short
Kraken Futures PF_ZECUSD−0.0052%1h1,479.9+0.288%$18.1M$44.9M25xas long as short
Orderly PERP_ZEC_USDC−0.0006%8h1,481.5+0.391%$288K$1.5M20xas long as short
dYdX ZEC-USD0.0000%1h1,481.2+0.373%$417K$107K5xas long as short
Kalshi KXZECPERP0.0000%8h1,481.2+0.371%$990K$5.4M2.2xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ZEC0.0000%43m1,479.6+0.266%$84K$416K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,480.3+0.313%$5.2M150xas long as short
OKX ZEC-USDT-SWAP+0.0015%8h1,479.8+0.280%$178.4M$1.41B50xas long as short
Aster ZECUSDT+0.0039%8h1,480.5+0.329%$15.3M$34.7M75xas long as short
Phoenix ZEC+0.0045%1h1,479.2+0.240%$4.7M$1.5M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0059% / S +0.0051%1h1,480.1+0.300%$580K100xas long as short
MEXC ZEC_USDT+0.0066%8h1,479.9+0.284%$233.5M$928.5M150xas long as short
Binance ZECUSDT+0.0069%8h1,480.6+0.331%$678.8M$2.57B75xas long as short
Gate ZEC_USDT+0.0069%8h1,480.7+0.340%$51.2M$184.9M75xas long as short
01 Exchange ZECUSD+0.0080%1h1,482.4+0.454%$9K$7K5xas long as short
Ondo Perps ZEC-USD.P+0.0083%1h1,476.3+0.041%$400K$538K5xas long as short
Katana Perps ZEC-USD+0.0093%8h1,482.4+0.455%$12K$886K10xas long as short
Polymarket Perps ZEC-USD+0.0095%1h1,480.1+0.299%$308K$2.4M10xas long as short
Popdex ZECUSDT+0.0096%1h1,481.3+0.383%$174K$2.0M50xas long as short
Aevo ZEC-PERP+0.0096%1h1,481.2+0.370%$37K$362K20xas long as short
Paradex ZEC-USD-PERP+0.0099%8h1,480.7+0.337%$61K$37K10xas long as short
Nado ZEC-PERPshort+0.0100%1h1,481.2+0.374%$3.1M$7.1M10x
Hyperliquid ZEC+0.0100%1h1,481.6+0.400%$772.9M$509.9M10xas long as short
Pacifica ZEC+0.0100%1h1,481.8+0.415%$1.7M$3.2M10xas long as short
KuCoin ZECUSDTM+0.0100%8h1,480.3+0.314%$104.5M$58.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,480.8+0.346%$172.8M$317.9M75xas long as short
BingX ZEC-USDT+0.0100%8h1,480.3+0.314%$113.2Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,481.3+0.378%$2.4M$3.9M15xas long as short
edgeX ZECUSDC+0.0100%4h1,476.5+0.055%$495K$10.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,478.1+0.160%$3.0M$514K10xas long as short
StandX ZEC-USD+0.0100%1h1,478.8+0.209%$111K$4.8M30xas long as short
Bullet ZEC-USD+0.0100%1h1,480+0.289%$130K$161K20xas long as short
Derive ZEC-PERP+0.0100%1h1,479.7+0.271%$450K$493K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,485.1+0.638%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,479.9+0.282%$225K$4.8M10xas long as short
HTX ZEC-USDT+0.0100%8h1,480.3+0.312%$2.4M$26.3M75xas long as short
Phemex ZECUSDT+0.0100%8h1,481+0.359%$3.8M$5.8M50xas long as short
Bulk ZEC-USD+0.0100%1h1,481.7+0.407%$914K$30K10xas long as short
RISEx ZEC/USDC+0.0138%1h1,481.6+0.401%$873K$2.5M10xas long as short
Lighter RH ZEC+0.0184%1h1,481.8+0.412%$1.6M$7.5M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0302%1h1,482.2+0.441%$591K$1.4M25xas long as short
Lighter ZEC+0.0304%1h1,482.1+0.434%$19.6M$54.1M20xas long as short
Coinbase International ZEC-PERP-INTX+0.0416%1h1,482.4+0.457%$3.8M$11.9M50xas long as short
Aftermath Perps ZECUSD+0.0495%1h1,477.5+0.122%$39K$32K10xas long as short
Arcus ZEC-USD+0.0538%1h1,482.6+0.466%$711K$7.5M10xas long as short
Extended ZEC-USD+0.0624%1h1,481.2+0.373%$3.9M$5.2M10xas long as short