Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.094%

Price spread now: SoDEX against ApeX Omni+0.260%7-day average +0.155% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on ApeX Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.394%+$39 on $10k

Price spread, last 3 days (all we have)+0.411%+$41 · spread now +0.260%, 7d avg +0.155%

Together, before fees+0.805%+$80 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: SoDEX is 0.104% dearer against ApeX Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.155%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZECUSDT	1,467.8	0.0100	pay 0.0013% / 1h	39m 10s	$427K	$906K	50x
Short	SoDEX ZEC-USD	1,471.6	0.0100	get 0.0013% / 1h	39m 10s	$242K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.260%Rate

Funding earned: $0
Price spread: +0.260% → +0.155%: $10.44
Slippage, 4 orders: −$12.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.8
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 30 min ago; SoDEX: live order book, 5 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, 30 min ago	3.61 bp	8.6 bp −$9	30.5 bp −$305	doesn't fit	doesn't fit
Sell SoDEX live order book, 5 min ago	0.03 bp	4.1 bp −$4	15.5 bp −$155	107.5 bp −$10.7K	doesn't fit

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	−0.3678%	1h	1,469.7	+0.129%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,465.1	−0.187%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0060%	1h	1,467.1	−0.048%	$398K	$516K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,471.9	+0.277%	$18.0M	$43.7M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,469.5	+0.113%	$414K	$57K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,470.2	+0.161%	$971K	$5.1M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,470.1	+0.157%	$84K	$261K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,471.5	+0.249%	$5.2M	—	150x	as long as short
BloFin ZEC-USDT	+0.0012%	8h	1,475.2	+0.504%	$29.6M	$73.3M	75x	as long as short
Variational Omni ZEC	+0.0023%	8h	1,466.1	−0.115%	$47.8M	$33.3M	—	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0026%	8h	1,471.5	+0.253%	$294K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0040%	1h	1,470.4	+0.176%	$8K	$9K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,471.2	+0.235%	$384K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,466.9	−0.064%	$4.6M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0086%	8h	1,471.7	+0.267%	$181.2M	$1.29B	50x	as long as short
Gate ZEC_USDT	+0.0086%	8h	1,471.9	+0.279%	$49.9M	$174.9M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.8	+0.137%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,468.9	+0.074%	$16K	$839K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,469.6	+0.119%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470	+0.153%	$2.5M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.5	+0.320%	$766.2M	$443.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,471.1	+0.225%	$14.9M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,469.6	+0.125%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.9	+0.281%	$679.9M	$2.35B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,471.6	+0.258%	$271.6M	$628.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.1	+0.290%	$216.8M	$795.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.6	+0.258%	$103.5M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.9	+0.277%	$163.4M	$286.8M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,471.8	+0.274%	—	$100.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,469.5	+0.115%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,465.5	−0.160%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,467.8	long leg	$427K	$906K	50x
StandX ZEC-USD	+0.0100%	1h	1,465.3	−0.170%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471.2	+0.232%	$339K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,471.1	+0.224%	$128K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.1	+0.157%	$458K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,473.9	+0.412%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDshort	+0.0100%	1h	1,471.6	+0.260%	$242K	$3.9M	10x
HTX ZEC-USDT	+0.0100%	8h	1,470.9	+0.210%	$2.5M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.3	+0.305%	$3.9M	$5.4M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.6	+0.466%	$897K	$17K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,471.4	+0.249%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.2	+0.232%	$48K	$167K	20x	as long as short
Lighter ZEC	+0.0232%	1h	1,473.2	+0.366%	$19.2M	$48.0M	20x	as long as short
Lighter RH ZEC	+0.0232%	1h	1,473.3	+0.371%	$2.1M	$7.1M	10x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,470.7	+0.197%	$692K	$8.7M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,470.2	+0.164%	$854K	$1.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0422%	1h	1,472.6	+0.324%	$606K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,473.3	+0.373%	$3.6M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0508%	1h	1,472.5	+0.320%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0736%	1h	1,471	+0.218%	$44K	$46K	10x	as long as short