Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.106%

Price spread now: ApeX Omni against Pacifica+0.127%51s7-day average −0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as 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−$340.337% of the position

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.771%−$77 on $10k

Price spread, last 7 days−0.206%−$21 · spread now +0.127%, 7d avg −0.124%

Together, before fees−0.977%+ Points / potential airdropPacifica: Active · farm board−$98 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 0.251% dearer against Pacifica than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.124%. The two prices were read 51 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	Pacifica ZEC	1,472.6	0.0100	pay 0.0013% / 1h	43m 58s	$1.7M	$2.7M	10x
Short	ApeX Omni ZECUSDT	1,474.5	0.0100	get 0.0013% / 1h	43m 58s	$429K	$905K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now +0.127%Rate

Funding earned: $0
Price spread: +0.127% → −0.124%: $25.11
Slippage, 4 orders: −$15.67
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.56
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from Pacifica: live order book, 10 min ago; ApeX Omni: live order book, 25 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 Pacifica live order book, 10 min ago	0.99 bp	6.1 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 25 min ago	3.61 bp	12.8 bp −$13	36.5 bp −$365	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	−0.3678%	1h	1,475.7	+0.211%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,472.4	−0.014%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0063%	1h	1,473	+0.025%	$400K	$517K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,472.4	−0.016%	$18.0M	$43.4M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471.5	−0.074%	$414K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,472.6	+0.001%	$958K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,471.7	−0.065%	$84K	$264K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,472.4	−0.016%	$5.2M	—	150x	as long as short
BloFin ZEC-USDT	+0.0012%	8h	1,475.2	+0.174%	$29.6M	$73.3M	75x	as long as short
Variational Omni ZEC	+0.0016%	8h	1,474	+0.093%	$48.1M	$33.4M	—	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0026%	8h	1,472	−0.040%	$294K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,472	−0.044%	$8K	$9K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,472.2	−0.032%	$383K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,473.7	+0.073%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0080%	8h	1,472.8	+0.009%	$181.4M	$1.28B	50x	as long as short
Gate ZEC_USDT	+0.0081%	8h	1,472.2	−0.033%	$50.1M	$174.3M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.8	−0.055%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,471.8	−0.058%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,471.8	−0.057%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,472.1	−0.036%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.1	+0.032%	$766.7M	$450.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.3	−0.021%	$14.9M	$31.0M	75x	as long as short
Pacifica ZEClong	+0.0100%	1h	1,472.6	long leg	$1.7M	$2.7M	10x
Binance ZECUSDT	+0.0100%	8h	1,472.6	+0.001%	$682.9M	$2.34B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,472.5	−0.010%	$272.0M	$626.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472	−0.040%	$218.2M	$793.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.3	−0.026%	$103.6M	$56.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.6	−0.138%	$163.1M	$286.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,472.6	+0.001%	—	$100.2M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,474.3	+0.113%	$574K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,476	+0.226%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,474.5	+0.127%	$429K	$905K	50x
StandX ZEC-USD	+0.0100%	1h	1,472.9	+0.015%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471.6	−0.070%	$341K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,471.8	−0.057%	$128K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,470.9	−0.120%	$458K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.5	+0.123%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,472.3	−0.021%	$243K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,471.9	−0.050%	$2.5M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,472.6	−0.002%	$3.9M	$5.3M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,474.6	+0.137%	$897K	$17K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.9	−0.120%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.9	−0.053%	$51K	$164K	20x	as long as short
Lighter RH ZEC	+0.0224%	1h	1,473.9	+0.088%	$2.1M	$7.0M	10x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,473.4	+0.053%	$684K	$8.7M	10x	as long as short
Lighter ZEC	+0.0288%	1h	1,473.7	+0.074%	$19.2M	$48.0M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0321%	1h	1,473.1	+0.034%	$606K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,472.3	−0.024%	$855K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,474	+0.089%	$3.6M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0553%	1h	1,473.3	+0.047%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0735%	1h	1,474.1	+0.097%	$44K	$46K	10x	as long as short