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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.064%
Price spread now: ApeX Omni against Bybit+0.096%7-day average −0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$390.389% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.100%−$110 on $10k
Price spread, last 7 days−0.192%−$19 · spread now +0.096%, 7d avg −0.131%
Together, before fees−1.291%−$129 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 0.227% dearer against Bybit than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.131%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZECUSDT1,455.30.0100pay 0.0100% / 8h5h 29m$266.0M$611.9M75x
ShortApeX Omni ZECUSDT1,456.70.0094get 0.0012% / 1h29m 14s$410K$911K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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
−$1.28
Price spread: +0.096% → −0.131%
$22.68
Slippage, 4 orders
−$17.92
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$17.51
Costs to cover
0.389%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; ApeX Omni: live order book, 35 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 Bybit live order book, 5 min ago0.03 bp6.9 bp −$79.1 bp −$9118.2 bp −$1,816doesn't fit
Sell ApeX Omni live order book, 35 min ago4.56 bp13.4 bp −$1336.7 bp −$367doesn't fitdoesn'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−0.3244%1h1,455.5+0.014%$34K$272K12xas long as short
BloFin ZEC-USDT−0.0082%8h1,456.6+0.093%$29.1M$71.0M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,458+0.188%$6K$1K10xas long as short
dYdX ZEC-USD0.0000%1h1,457.2+0.132%$410K$44K5xas long as short
Kalshi KXZECPERP0.0000%8h1,458+0.186%$1.5M$5.1M2.2xas long as short
Perpl ZEC0.0000%43m1,456.9+0.113%$83K$243K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,456.6+0.091%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0044%8h1,456.5+0.082%$291K$979K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0061% / S −0.0011%1h1,456.2+0.061%$409K100xas long as short
Phoenix ZEC+0.0074%1h1,459.6+0.293%$4.6M$1.4M10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ZECUSDTshort+0.0094%1h1,456.7+0.096%$410K$911K50x
Popdex ZECUSDT+0.0096%1h1,457.4+0.148%$173K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,458.7+0.235%$24K$872K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,457.7+0.166%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,456.2+0.065%$2.6M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,458+0.186%$763.0M$438.8M10xas long as short
Aster ZECUSDT+0.0100%8h1,456.4+0.079%$14.5M$28.5M75xas long as short
Pacifica ZEC+0.0100%1h1,458+0.184%$1.7M$2.6M10xas long as short
Binance ZECUSDT+0.0100%8h1,455.8+0.033%$666.8M$2.27B75xas long as short
Bybit ZECUSDTlong+0.0100%8h1,455.3long leg$266.0M$611.9M75x
OKX ZEC-USDT-SWAP+0.0100%8h1,455.7+0.025%$178.6M$1.24B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,457.5+0.152%$396K$436K5xas long as short
Bulk ZEC-USD+0.0100%1h1,451.2−0.279%$879K$21K10xas long as short
Gate ZEC_USDT+0.0100%8h1,456.5+0.086%$49.5M$173.7M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,455.8+0.033%$213.0M$776.3M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,456.7+0.098%$102.1M$56.1M75xas long as short
Bitget ZECUSDT+0.0100%8h1,456.4+0.076%$161.8M$278.5M75xas long as short
BingX ZEC-USDT+0.0100%8h1,456.5+0.083%$97.7Mas long as short
Backpack ZEC_USDC_PERP+0.0100%1h1,459.5+0.289%$2.4M$3.8M15xas long as short
Variational Omni ZEC+0.0100%8h1,454.2−0.073%$47.0M$32.4Mas long as short
edgeX ZECUSDC+0.0100%4h1,453.2−0.146%$565K$8.9M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,458.3+0.204%$3.0M$419K10xas long as short
StandX ZEC-USD+0.0100%1h1,457.8+0.174%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,457+0.118%$331K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,456.5+0.081%$160K$185K20xas long as short
Derive ZEC-PERP+0.0100%1h1,455.1−0.013%$444K$521K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,459.3+0.273%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,455.9+0.040%$233K$3.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,456+0.047%$2.6M$18.4M75xas long as short
Phemex ZECUSDT+0.0100%8h1,456.3+0.067%$3.8M$5.1M50xas long as short
Extended ZEC-USD+0.0104%1h1,455.9+0.043%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,456.1+0.053%$47K$153K20xas long as short
01 Exchange ZECUSD+0.0128%1h1,458.1+0.191%$8K$7K5xas long as short
Kraken Futures PF_ZECUSD+0.0196%1h1,455.5+0.016%$18.0M$44.7M25xas long as short
Lighter ZEC+0.0208%1h1,457.4+0.145%$19.0M$46.5M20xas long as short
Arcus ZEC-USD+0.0277%1h1,459.4+0.280%$706K$8.5M10xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0295%1h1,457.1+0.126%$613K$1.3M25xas long as short
Lighter RH ZEC+0.0344%1h1,457.7+0.162%$2.0M$6.9M10xas long as short
RISEx ZEC/USDC+0.0409%1h1,458+0.184%$832K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0456%1h1,458.2+0.203%$3.7M$9.1M50xas long as short
Aftermath Perps ZECUSD+0.0698%1h1,455.5+0.012%$45K$49K10xas long as short