Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.100%

Price spread now: ApeX Omni against Binance+0.099%109s7-day average −0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.297% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.948%−$95 on $10k

Price spread, last 7 days−0.171%−$17 · spread now +0.099%, 7d avg −0.132%

Together, before fees−1.119%−$112 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: ApeX Omni is 0.231% dearer against Binance than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.132%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZECUSDT	1,468.6	0.0100	pay 0.0100% / 8h	7h 25m	$683.8M	$2.37B	75x
Short	ApeX Omni ZECUSDT	1,470.1	0.0100	get 0.0013% / 1h	25m 39s	$430K	$868K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.099%Rate

Funding earned: $0
Price spread: +0.099% → −0.132%: $23.08
Slippage, 4 orders: −$9.66
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$6.58
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; ApeX Omni: live order book, 48 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 Binance live order book, 3 min ago	0.03 bp	5.0 bp −$5	7.4 bp −$74	13.7 bp −$1,373	doesn't fit
Sell ApeX Omni live order book, 48 min ago	2.92 bp	11.7 bp −$12	33.4 bp −$334	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	−0.3321%	1h	1,471.8	+0.215%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0343%	1h	1,468.9	+0.022%	$17.8M	$43.0M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0110%	1h	1,466.9	−0.117%	$399K	$517K	5x	as long as short
BloFin ZEC-USDT	−0.0109%	8h	1,469.8	+0.082%	$29.7M	$73.0M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,469.3	+0.049%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0047%	8h	1,468.5	−0.009%	$47.6M	$33.8M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,469.1	+0.030%	$414K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.6	+0.069%	$959K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.2	+0.042%	$83K	$405K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,469.2	+0.036%	$5.2M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0008%	1h	1,469	+0.027%	$8K	$8K	5x	as long as short
Bybit ZECUSDT	+0.0009%	8h	1,468.2	−0.029%	$273.6M	$633.6M	75x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,468.8	+0.010%	$293K	$1.2M	20x	as long as short
OKX ZEC-USDT-SWAP	+0.0052%	8h	1,468.3	−0.023%	$181.9M	$1.30B	50x	as long as short
Phoenix ZEC	+0.0054%	1h	1,473.1	+0.308%	$4.7M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0010%	1h	1,469.2	+0.039%	$378K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469	+0.027%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,468.1	−0.033%	$20K	$838K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,468.9	+0.020%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,469.2	+0.037%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,470	+0.094%	$762.3M	$455.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.8	+0.015%	$14.9M	$31.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,469	+0.024%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDTlong	+0.0100%	8h	1,468.6	long leg	$683.8M	$2.37B	75x
Arcus ZEC-USD	+0.0100%	1h	1,470.3	+0.117%	$700K	$8.5M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,468.4	−0.016%	$51.2M	$179.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,468.7	+0.002%	$230.8M	$826.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,468.5	−0.007%	$104.6M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,468.5	−0.008%	$163.4M	$292.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,468.6	−0.003%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,470.8	+0.151%	$572K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470.9	+0.157%	$3.0M	$454K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,470.1	+0.099%	$430K	$868K	50x
StandX ZEC-USD	+0.0100%	1h	1,470.6	+0.131%	$110K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,468.9	+0.019%	$340K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,468.9	+0.022%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,467.2	−0.098%	$457K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,471	+0.161%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,468.7	+0.008%	$242K	$3.9M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469	+0.026%	$2.5M	$21.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469.5	+0.057%	$3.9M	$5.3M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,471.7	+0.210%	$895K	$24K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468.6	−0.001%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,468.9	+0.017%	$54K	$168K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0124%	1h	1,469.6	+0.068%	$604K	$1.3M	25x	as long as short
Lighter ZEC	+0.0200%	1h	1,470.2	+0.106%	$19.2M	$50.4M	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,468.9	+0.017%	$852K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,471.3	+0.181%	$3.8M	$10.1M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0536%	1h	1,469.6	+0.066%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0768%	1h	1,470.5	+0.128%	$43K	$46K	10x	as long as short
Lighter RH ZEC	+0.0784%	1h	1,471.1	+0.168%	$2.0M	$8.1M	10x	as long as short