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% APRpaid last 24h +0.070%

Price spread now: Bybit against ApeX Omni+0.033%109s7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs+$74as 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−$360.363% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+1.105%+$110 on $10k

Price spread, last 7 days+0.040%+$4 · spread now +0.033%, 7d avg +0.130%

Together, before fees+1.145%+$114 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: Bybit is 0.096% cheaper against ApeX Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.130%. The two prices were read 109 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	ApeX Omni ZECUSDT	1,469.5	0.0100	pay 0.0013% / 1h	59m 40s	$427K	$881K	50x
Short	Bybit ZECUSDT	1,470	0.0100	get 0.0100% / 8h	5h 59m	$271.7M	$605.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.130%: −$9.62
Slippage, 4 orders: −$15.33
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$45.95
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; Bybit: live order book, 5 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 ApeX Omni live order book, 4 min ago	4.56 bp	10.5 bp −$11	34.5 bp −$345	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.03 bp	6.2 bp −$6	8.8 bp −$88	18.0 bp −$1,802	33.1 bp −$16.5K

ZEC on 50 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	1,452	−1.190%	$33K	$274K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0298%	1h	1,467.2	−0.157%	$398K	$441K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.3	+0.054%	$6K	$1K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,469.5	−0.001%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,469.6	+0.004%	$414K	$49K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.6	+0.009%	$972K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,468.5	−0.067%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,469.4	−0.006%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0032%	8h	1,469.4	−0.008%	$293K	$984K	20x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,469.9	+0.027%	$8K	$8K	5x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,469	−0.035%	$384K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,466.6	−0.197%	$4.6M	$1.5M	10x	as long as short
Variational Omni ZEC	+0.0079%	8h	1,468.1	−0.095%	$48.0M	$32.4M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0094%	8h	1,470	+0.035%	$181.4M	$1.24B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,469.3	−0.012%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,468.6	−0.060%	$16K	$845K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470	+0.036%	$61K	$42K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,469.5	−0.003%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.6	+0.142%	$766.6M	$434.9M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.4	+0.060%	$14.7M	$29.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,470.6	+0.073%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470.4	+0.058%	$679.7M	$2.26B	75x	as long as short
Bybit ZECUSDTshort	+0.0100%	8h	1,470	+0.033%	$271.7M	$605.5M	75x
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.199%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,470	+0.031%	$50.2M	$169.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470.5	+0.065%	$216.5M	$767.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470	+0.034%	$103.3M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.2	+0.044%	$163.3M	$275.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,468.9	−0.039%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,469.6	+0.006%	$572K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.3	−0.080%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,469.5	long leg	$427K	$881K	50x
StandX ZEC-USD	+0.0100%	1h	1,467.8	−0.118%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,469	−0.035%	$343K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,469	−0.037%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468	−0.102%	$448K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,471.8	+0.153%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.4	−0.010%	$242K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469.3	−0.016%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469.4	−0.010%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470	+0.032%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,469.2	−0.021%	$48K	$155K	20x	as long as short
Lighter ZEC	+0.0224%	1h	1,471.5	+0.137%	$19.2M	$45.8M	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,471.6	+0.139%	$693K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,472	+0.171%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,470.4	+0.061%	$853K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0412%	1h	1,470.3	+0.050%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,470.5	+0.064%	$3.6M	$9.0M	50x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0512%	1h	1,470.7	+0.083%	$612K	$1.3M	25x	as long as short
Aftermath Perps ZECUSD	+0.0731%	1h	1,469.8	+0.019%	$43K	$46K	10x	as long as short