Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: SoDEX against Variational Omni+0.356%7-day average +0.062% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.215%+$21 · spread now +0.356%, 7d avg +0.062%

Together, before fees+0.218%+ Points / potential airdropVariational Omni: Active · farm board+$22 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: SoDEX is 0.294% dearer against Variational Omni than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZEC	1,501.9	0.0100	pay 0.0100% / 8h	14m 06s	$49.1M	$34.4M	—
Short	SoDEX ZEC-USD	1,507.3	0.0100	get 0.0013% / 1h	14m 06s	$255K	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee SoDEXbpOrdersPrice spread, now +0.356%Rate

Funding earned: $0
Price spread: +0.356% → +0.062%: $29.4
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $21.4
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; SoDEX: live order book, 5 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 5 min ago	2.77 bp	doesn't fit	7.8 bp −$78	25.9 bp −$2,591	doesn't fit
Sell SoDEX live order book, 5 min ago	0.13 bp	4.3 bp −$4	10.9 bp −$109	94.1 bp −$9,412	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	−0.3442%	1h	1,479.6	−1.488%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,506.1	+0.281%	$62K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0171%	8h	1,509	+0.468%	$31.1M	$76.4M	75x	as long as short
Bulk ZEC-USD	−0.0108%	1h	1,495.7	−0.414%	$810K	$100K	10x	as long as short
Aftermath Perps ZECUSD	−0.0084%	1h	1,502	+0.006%	$48K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,505.2	+0.218%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,507.3	+0.361%	$419K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,508.9	+0.467%	$1.5M	$4.4M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,507.8	+0.390%	$689K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,507.4	+0.366%	$5.4M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,507.8	+0.394%	$18.1M	$47.4M	25x	as long as short
Ondo Perps ZEC-USD.P	+0.0063%	1h	1,507.4	+0.365%	$411K	$559K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,507.2	+0.349%	$303K	$864K	20x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,508.5	+0.439%	$8K	$6K	5x	as long as short
Phoenix ZEC	+0.0096%	1h	1,505.9	+0.262%	$4.8M	$1.4M	10x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,508.8	+0.455%	$2.1M	$7.5M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,507.7	+0.383%	$177K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,508.3	+0.427%	$14K	$891K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,508	+0.403%	$62K	$20K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,508.1	+0.413%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,508.9	+0.465%	$789.8M	$441.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,507.2	+0.349%	$14.1M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,508.2	+0.421%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,508	+0.405%	$705.5M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,507.6	+0.379%	$272.0M	$620.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,508	+0.406%	$184.0M	$1.36B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,507.8	+0.390%	$58.7M	$187.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,508	+0.405%	$239.3M	$806.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,507.4	+0.362%	$103.5M	$56.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,508	+0.405%	$163.0M	$289.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,507.5	+0.368%	—	$6.7M	—	as long as short
Variational Omni ZEClong	+0.0100%	8h	1,501.9	long leg	$49.1M	$34.4M	—
edgeX ZECUSDC	+0.0100%	4h	1,504.6	+0.177%	$576K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503.1	+0.076%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.4	+0.162%	$414K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505	+0.204%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,507.6	+0.378%	$363K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,507.2	+0.355%	$170K	$189K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,506.4	+0.295%	$460K	$438K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,509.6	+0.509%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USDshort	+0.0100%	1h	1,507.3	+0.356%	$255K	$3.5M	10x
HTX ZEC-USDT	+0.0100%	8h	1,507.1	+0.341%	$2.7M	$20.8M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,507.7	+0.382%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,507.4	+0.362%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,507.4	+0.367%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,508.4	+0.433%	$950K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0147% / S −0.0144%	1h	1,506	+0.272%	$335K	—	100x	as long as short
Lighter ZEC	+0.0192%	1h	1,508.6	+0.446%	$19.9M	$46.4M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,508.6	+0.442%	$608K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,508.6	+0.445%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0494%	1h	1,508.9	+0.467%	$2.4M	$3.8M	15x	as long as short