Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.002%

Price spread now: Variational Omni against 01 Exchange+0.389%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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. Variational Omni is 0.389% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.389% now, against zero (this spread has no 7-day history yet)): +$39 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZECUSD	1,456.6	0.0144	pay 0.0018% / 1h	12m 03s	$8K	$7K	5x
Short	Variational Omni ZEC	1,462.2	0.0100	get 0.0100% / 8h	5h 12m	$47.8M	$32.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against 01 Exchange. 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 01 ExchangebpFee Variational OmnibpOrdersPrice spread, now +0.389%Rate

Funding earned: −$9.24
Price spread: +0.389% → 0.000%: $38.93
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $22.69
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 2 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	2.75 bp	doesn't fit	7.0 bp −$70	16.6 bp −$1,656	doesn't fit

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	−0.3244%	1h	1,456.6	−0.001%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0084%	8h	1,455.7	−0.062%	$29.4M	$70.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.8	+0.016%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,455.6	−0.064%	$410K	$43K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,456.8	+0.016%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456	−0.038%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.3	+0.047%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0051%	8h	1,457.3	+0.048%	$292K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,457	+0.030%	$409K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,458.4	+0.126%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,456.5	−0.007%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,456.4	−0.013%	$13K	$882K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.8	+0.016%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,457	+0.027%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,458.3	+0.119%	$757.9M	$434.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,457.2	+0.045%	$14.5M	$28.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457	+0.029%	$1.7M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457.3	+0.048%	$668.1M	$2.23B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.8	+0.013%	$264.5M	$605.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,457.5	+0.062%	$178.4M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,460.5	+0.271%	$396K	$439K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	+0.061%	$883K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,457.6	+0.074%	$50.2M	$175.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,457.4	+0.056%	$213.7M	$780.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.5	+0.064%	$102.1M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,457.5	+0.067%	$162.0M	$273.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,456.7	+0.008%	—	$6.7M	—	as long as short
Variational Omni ZECshort	+0.0100%	8h	1,462.2	+0.389%	$47.8M	$32.8M	—
edgeX ZECUSDC	+0.0100%	4h	1,460.6	+0.280%	$570K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,462.3	+0.392%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,461	+0.307%	$411K	$909K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.1	−0.032%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.2	−0.025%	$369K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457.1	+0.035%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.3	−0.015%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,460.2	+0.252%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.1	+0.034%	$233K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,455	−0.107%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.3	+0.050%	$3.8M	$5.1M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0101%	1h	1,458.2	+0.114%	$2.4M	$3.8M	15x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,457.1	+0.035%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.9	+0.022%	$47K	$153K	20x	as long as short
01 Exchange ZECUSDlong	+0.0144%	1h	1,456.6	long leg	$8K	$7K	5x
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,457	+0.032%	$18.0M	$44.6M	25x	as long as short
Lighter ZEC	+0.0248%	1h	1,458.6	+0.140%	$19.1M	$46.7M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,457.9	+0.092%	$715K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0368%	1h	1,458.7	+0.146%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,457.1	+0.040%	$833K	$1.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0414%	1h	1,458.1	+0.108%	$613K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,457.5	+0.067%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0691%	1h	1,458.4	+0.125%	$45K	$49K	10x	as long as short