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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h −0.086%
Price spread now: ApeX Omni against dYdX−0.144%7-day average −0.181% · you buy dearer than you sell
Net, funding: paid 7d − costs−$240as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1221.215% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.181%−$118 on $10k
Price spread, last 4 days (all we have)−0.998%−$100 · spread now −0.144%, 7d avg −0.181%
Together, before fees−2.179%−$218 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.037% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.181%. Mind the row above: over the last 7 days funding on this pair cost −1.181%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ZEC-USD1,469.20get 0.0000% / 1h44m 52s$414K$106K5x
ShortApeX Omni ZECUSDT1,467.10.0045get 0.0006% / 1h44m 52s$431K$818K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against dYdX. 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
$9.53
Price spread: −0.144% → −0.181%
$3.71
Slippage, 4 orders
−$101.52
Fee dYdX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$108.28
Costs to cover
1.215%
Break-even
86.6 days
Slippage from dYdX: live order book, 39 min ago; ApeX Omni: live order book, 39 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 dYdX live order book, 39 min ago38.64 bp44.8 bp −$4552.1 bp −$521102.1 bp −$10.2K416.9 bp −$208.5K
Sell ApeX Omni live order book, 39 min ago2.89 bp24.8 bp −$2547.3 bp −$473doesn'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−0.3310%1h1,462.9−0.429%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0404%1h1,468.5−0.048%$17.9M$44.7M25xas long as short
Ondo Perps ZEC-USD.P−0.0118%1h1,466.9−0.159%$398K$521K5xas long as short
BloFin ZEC-USDT−0.0097%8h1,468.5−0.051%$29.1M$75.6M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,469.1−0.011%$6K$2K10xas long as short
Bybit ZECUSDT−0.0045%8h1,467.1−0.143%$271.6M$674.3M75xas long as short
Variational Omni ZEC−0.0022%8h1,467.6−0.111%$46.6M$34.0Mas long as short
dYdX ZEC-USDlong0.0000%1h1,469.2long leg$414K$106K5x
Kalshi KXZECPERP0.0000%8h1,469.5+0.018%$893K$5.7M2.2xas long as short
Perpl ZEC0.0000%43m1,468.1−0.080%$83K$404K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,468.9−0.026%$598K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,468.7−0.039%$5.2M150xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0009% / S +0.0079%1h1,468.5−0.049%$543K100xas long as short
Orderly PERP_ZEC_USDC+0.0015%8h1,468.1−0.078%$294K$1.5M20xas long as short
ApeX Omni ZECUSDTshort+0.0045%1h1,467.1−0.144%$431K$818K50x
OKX ZEC-USDT-SWAP+0.0050%8h1,467.3−0.133%$176.1M$1.36B50xas long as short
Bulk ZEC-USD+0.0054%1h1,460.6−0.590%$899K$25K10xas long as short
Gate ZEC_USDT+0.0060%8h1,467.7−0.104%$49.9M$184.2M75xas long as short
01 Exchange ZECUSD+0.0064%1h1,469.1−0.011%$8K$8K5xas long as short
Phoenix ZEC+0.0075%1h1,459.6−0.655%$4.6M$1.6M10xas long as short
Katana Perps ZEC-USD+0.0096%8h1,469−0.018%$14K$864K10xas long as short
Lighter ZEC+0.0096%1h1,470+0.052%$19.0M$52.4M20xas long as short
Popdex ZECUSDT+0.0096%1h1,468.5−0.051%$173K$1.9M50xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,468.5−0.052%$60K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,470+0.051%$2.5M$6.9M10xas long as short
Hyperliquid ZEC+0.0100%1h1,468.6−0.041%$760.9M$490.6M10xas long as short
Aster ZECUSDT+0.0100%8h1,468.1−0.081%$15.4M$33.2M75xas long as short
Pacifica ZEC+0.0100%1h1,469.4+0.011%$1.7M$3.0M10xas long as short
Binance ZECUSDT+0.0100%8h1,467.5−0.120%$675.5M$2.51B75xas long as short
MEXC ZEC_USDT+0.0100%8h1,467.7−0.107%$221.5M$855.4M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,467.8−0.101%$103.2M$56.5M75xas long as short
Bitget ZECUSDT+0.0100%8h1,467.6−0.112%$162.8M$308.3M75xas long as short
BingX ZEC-USDC+0.0100%8h1,467.8−0.097%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,465.9−0.227%$510K$9.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,468.6−0.044%$3.0M$481K10xas long as short
StandX ZEC-USD+0.0100%1h1,466.9−0.160%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,468.7−0.037%$346K$2.0M10xas long as short
Bullet ZEC-USD+0.0100%1h1,468.3−0.066%$128K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,466.4−0.192%$448K$502K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,470.7+0.102%$3K$1.3M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,468.3−0.064%$223K$4.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,466.6−0.182%$2.4M$24.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,468.7−0.034%$3.8M$5.4M50xas long as short
Extended ZEC-USD+0.0104%1h1,467.9−0.091%$3.3M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,467.9−0.088%$37K$367K20xas long as short
RISEx ZEC/USDC+0.0190%1h1,469.2−0.001%$845K$1.8M10xas long as short
Backpack ZEC_USDC_PERP+0.0234%1h1,469−0.018%$2.3M$4.0M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0424%1h1,470.5+0.085%$3.7M$11.7M50xas long as short
Arcus ZEC-USD+0.0444%1h1,469.6+0.022%$730K$8.1M10xas long as short
Lighter RH ZEC+0.0448%1h1,470.2+0.068%$2.0M$8.2M10xas long as short
Aftermath Perps ZECUSD+0.0529%1h1,466−0.221%$41K$34K10xas long as short