ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0419%/8h= −45.9% APRnext payment −$0.52 per $10,000 · paid last 24h −0.117%

Price spread now: ApeX Omni against Backpack−0.225%7-day average −0.498% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.838%−$84 on $10k

Price spread, last 7 days+1.040%+$104 · spread now −0.225%, 7d avg −0.498%

Together, before fees+0.202%+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.273% dearer against Backpack than usual: you sell high and buy low (spread −0.225% now, against its 7-day average of −0.498%): +$27 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ZEC_USDC_PERP	1,473.6	0.0413	pay 0.0052% / 1h	26m 12s	$2.4M	$3.8M	15x
Short	ApeX Omni ZECUSDT	1,470.3	−0.0006	pay 0.0001% / 1h	26m 12s	$431K	$842K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now −0.225%Rate

Funding earned: −$87.98
Price spread: −0.225% → −0.498%: $27.31
Slippage, 4 orders: −$8.17
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$88.84
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; ApeX Omni: live order book, 53 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 Backpack live order book, 3 min ago	0.03 bp	5.6 bp −$6	12.1 bp −$121	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 53 min ago	0.10 bp	11.3 bp −$11	34.8 bp −$348	doesn't fit	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	−0.3089%	1h	1,471.6	−0.134%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0261%	1h	1,468.3	−0.358%	$399K	$515K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,471.2	−0.163%	$17.9M	$44.3M	25x	as long as short
Bybit ZECUSDT	−0.0115%	8h	1,470.5	−0.209%	$275.0M	$653.2M	75x	as long as short
BloFin ZEC-USDT	−0.0102%	8h	1,472.2	−0.094%	$29.8M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.6	−0.065%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0060%	8h	1,471.8	−0.123%	$46.8M	$33.9M	—	as long as short
ApeX Omni ZECUSDTshort	−0.0006%	1h	1,470.3	−0.225%	$431K	$842K	50x
dYdX ZEC-USD	0.0000%	1h	1,473.1	−0.031%	$415K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.5	−0.071%	$903K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,471.6	−0.132%	$84K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,471.4	−0.145%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0013%	8h	1,471.2	−0.163%	$295K	$1.4M	20x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	1,471.5	−0.140%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0024%	1h	1,470.8	−0.189%	$4.6M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0037%	8h	1,471.1	−0.167%	$180.9M	$1.34B	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0042%	1h	1,472.1	−0.102%	$614K	$1.3M	25x	as long as short
Gate ZEC_USDT	+0.0045%	8h	1,471.1	−0.166%	$50.8M	$186.6M	75x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,471.4	−0.146%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,474.3	+0.048%	$19.2M	$52.4M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.1	−0.170%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,470.2	−0.231%	$13K	$834K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,472.4	−0.082%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,471.8	−0.120%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.3	−0.086%	$763.3M	$474.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,471.2	−0.161%	$15.0M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,473.3	−0.022%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,471.1	−0.165%	$684.3M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,473.1	−0.035%	$702K	$8.4M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,469.8	−0.259%	$894K	$39K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,471.3	−0.155%	$231.6M	$838.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.3	−0.157%	$103.6M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.3	−0.153%	$163.0M	$301.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,470.2	−0.231%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,470.6	−0.202%	$513K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470.2	−0.231%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.2	−0.228%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471	−0.174%	$344K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,471	−0.177%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,469.7	−0.264%	$448K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,473.3	−0.019%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,471.1	−0.170%	$238K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471	−0.174%	$2.5M	$23.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,471.8	−0.119%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,471.5	−0.140%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.5	−0.140%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,472	−0.109%	$825K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERPlong	+0.0413%	1h	1,473.6	long leg	$2.4M	$3.8M	15x
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,474.9	+0.090%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0456%	1h	1,473.4	−0.012%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0722%	1h	1,472.4	−0.080%	$46K	$47K	10x	as long as short