Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.005%

Price spread now: 01 Exchange against Variational Omni+0.559%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. 01 Exchange is 0.559% dearer against Variational Omni than usual: you sell high and buy low (spread +0.559% now, against zero (this spread has no 7-day history yet)): +$56 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZEC	1,495.2	0.0100	pay 0.0100% / 8h	18m 27s	$48.9M	$34.4M	—
Short	01 Exchange ZECUSD	1,503.5	0.0088	get 0.0011% / 1h	18m 27s	$8K	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Variational Omni. 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 Variational OmnibpFee 01 ExchangebpOrdersPrice spread, now +0.559%Rate

Funding earned: −$2.52
Price spread: +0.559% → 0.000%: $55.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $46.37
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; 01 Exchange: no order-book sample. 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, 1 min ago	2.77 bp	doesn't fit	7.8 bp −$78	25.9 bp −$2,591	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−1.044%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,500.7	+0.368%	$61K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0148%	8h	1,504.3	+0.608%	$31.3M	$76.0M	75x	as long as short
Bulk ZEC-USD	−0.0108%	1h	1,495.7	+0.035%	$810K	$100K	10x	as long as short
Aftermath Perps ZECUSD	−0.0100%	1h	1,497.3	+0.141%	$48K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.4	+0.548%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,503.9	+0.582%	$418K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,499.2	+0.267%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,503.8	+0.573%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,504.9	+0.649%	$18.1M	$47.1M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0043%	1h	1,498	+0.188%	$408K	$555K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,503.7	+0.572%	$303K	$864K	20x	as long as short
01 Exchange ZECUSDshort	+0.0088%	1h	1,503.5	+0.559%	$8K	$6K	5x
Phoenix ZEC	+0.0096%	1h	1,496	+0.055%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503	+0.523%	$183K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,503.5	+0.556%	$12K	$891K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,503.7	+0.572%	$62K	$20K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,504.7	+0.638%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,503.7	+0.570%	$785.5M	$439.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,503.2	+0.537%	$14.1M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,503.8	+0.576%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,503.9	+0.583%	$703.6M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,503.4	+0.550%	$270.3M	$618.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,503.5	+0.556%	$183.4M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,503.2	+0.539%	$56.8M	$185.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,503.2	+0.538%	$242.1M	$804.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,503.2	+0.535%	$103.2M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,503.9	+0.584%	$162.6M	$289.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,503.5	+0.559%	—	$6.7M	—	as long as short
Variational Omni ZEClong	+0.0100%	8h	1,495.2	long leg	$48.9M	$34.4M	—
edgeX ZECUSDC	+0.0100%	4h	1,493.9	−0.085%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,496.3	+0.074%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,494.6	−0.040%	$411K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,502.4	+0.481%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,503	+0.523%	$361K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,502.8	+0.513%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502.8	+0.508%	$459K	$469K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,506.1	+0.733%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,503.8	+0.578%	$254K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,503.6	+0.561%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,504.2	+0.602%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,503.9	+0.582%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,503.9	+0.586%	$43K	$151K	20x	as long as short
Lighter RH ZEC	+0.0112%	1h	1,504.8	+0.641%	$2.1M	$7.4M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0115%	1h	1,504.6	+0.633%	$687K	$1.4M	25x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,503.5	+0.559%	$946K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0146% / S −0.0143%	1h	1,504	+0.588%	$334K	—	100x	as long as short
Lighter ZEC	+0.0216%	1h	1,505	+0.657%	$20.0M	$45.7M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,504.3	+0.611%	$610K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,504.8	+0.646%	$3.7M	$9.9M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0538%	1h	1,504.7	+0.639%	$2.3M	$3.8M	15x	as long as short