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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h −0.053%
Price spread now: ApeX Omni against gTrade (Gains Network)−0.640%67s7-day average −0.128% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2902.904% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.322%−$32 on $10k
Price spread, last 7 days+0.635%+$63 · spread now −0.640%, 7d avg −0.128%
Together, before fees+0.313%+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.511% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.640% now, against its 7-day average of −0.128%). If the spread goes back, that is −$51 on $10k: about 18 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.322%, so the current rate has only just turned in your favour. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ZEC/USD1,497.7L +0.0007% / S −0.0006%pay 0.0001% / 1h51m 40s$5.3M150x
ShortApeX Omni ZECUSDT1,488.10.0100get 0.0013% / 1h51m 40s$410K$944K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against gTrade (Gains Network). 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
$19.56
Price spread: −0.640% → −0.128%
−$51.12
Slippage, 4 orders
−$270.37
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$321.94
Costs to cover
2.904%
Break-even
122.2 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; ApeX Omni: live order book, 52 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago130.04 bp135.0 bp −$135425.9 bp −$4,2594809.1 bp −$480.9Kdoesn't fit
Sell ApeX Omni live order book, 52 min ago4.76 bp9.8 bp −$1033.0 bp −$330doesn'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−0.3442%1h1,491.5−0.412%$36K$275K12xas long as short
Perpl ZEC−0.0447%43m1,495.9−0.123%$61K$304K10xas long as short
BloFin ZEC-USDT−0.0135%8h1,496.1−0.110%$31.0M$75.3M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,495.6−0.142%$6K$1K10xas long as short
Aftermath Perps ZECUSD−0.0043%1h1,493.1−0.306%$48K$64K10xas long as short
dYdX ZEC-USD0.0000%1h1,496.8−0.060%$416K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,497.5−0.013%$1.5M$4.7M2.2xas long as short
gTrade (Gains Network) ZEC/USDlongL +0.0007% / S −0.0006%1h1,497.7long leg$5.3M150x
Kraken Futures PF_ZECUSD+0.0012%1h1,498.3+0.041%$18.2M$46.5M25xas long as short
Ondo Perps ZEC-USD.P+0.0054%1h1,489.2−0.567%$406K$552K5xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0082%8h1,498+0.018%$302K$1.1M20xas long as short
Bulk ZEC-USD+0.0085%1h1,492.9−0.319%$902K$7K10xas long as short
01 Exchange ZECUSD+0.0088%1h1,497−0.047%$8K$7K5xas long as short
Phoenix ZEC+0.0096%1h1,489.6−0.542%$4.8M$1.4M10xas long as short
Popdex ZECUSDT+0.0096%1h1,497−0.049%$172K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0098%8h1,496.6−0.073%$14K$886K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,496.5−0.080%$62K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,497.4−0.020%$3.1M$7.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,499.5+0.121%$782.8M$443.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,498.8+0.076%$14.0M$31.2M75xas long as short
Pacifica ZEC+0.0100%1h1,499.2+0.104%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,499.3+0.105%$699.9M$2.32B75xas long as short
Bybit ZECUSDT+0.0100%8h1,498.4+0.045%$268.6M$628.3M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,499+0.090%$182.4M$1.35B50xas long as short
Gate ZEC_USDT+0.0100%8h1,499.2+0.102%$55.3M$181.9M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,499.5+0.124%$248.5M$787.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,499.2+0.102%$103.2M$57.2M75xas long as short
Bitget ZECUSDT+0.0100%8h1,498.8+0.076%$161.7M$290.5M75xas long as short
BingX ZEC-USDT+0.0100%8h1,499.1+0.095%$118.6Mas long as short
Variational Omni ZEC+0.0100%8h1,490.6−0.473%$48.7M$35.0Mas long as short
edgeX ZECUSDC+0.0100%4h1,489.3−0.559%$570K$9.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,491.3−0.428%$3.1M$507K10xas long as short
ApeX Omni ZECUSDTshort+0.0100%1h1,488.1−0.640%$410K$944K50x
StandX ZEC-USD+0.0100%1h1,495.4−0.153%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,497−0.046%$358K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,497.7+0.003%$164K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,497−0.045%$457K$500K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,500.3+0.171%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,498.2+0.033%$255K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,497.8+0.009%$2.7M$20.7M75xas long as short
Phemex ZECUSDT+0.0100%8h1,498.2+0.033%$4.0M$5.0M50xas long as short
Extended ZEC-USD+0.0104%1h1,498.4+0.048%$2.8M$7.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,498.2+0.032%$43K$151K20xas long as short
RISEx ZEC/USDC+0.0128%1h1,496.8−0.058%$943K$1.1M10xas long as short
Lighter RH ZEC+0.0136%1h1,500.3+0.172%$2.1M$7.3M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0154% / S −0.0171%1h1,497.70.000%$447K100xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0224%1h1,498.8+0.073%$684K$1.4M25xas long as short
Lighter ZEC+0.0288%1h1,500.2+0.167%$19.7M$44.8M20xas long as short
Arcus ZEC-USD+0.0403%1h1,497.7−0.001%$615K$8.8M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0416%1h1,499.2+0.101%$3.7M$10.2M50xas long as short
Backpack ZEC_USDC_PERP+0.0495%1h1,499.5+0.120%$2.3M$3.9M15xas long as short