ZEC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0211%/8h= +23.1% APRnext payment +$0.26 per $10,000 · paid last 24h +0.089%

Price spread now: Deribit against ApeX Omni+0.124%7-day average +0.211% · 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−$42as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+1.073%+$107 on $10k

Price spread, last 4 days (all we have)+0.282%+$28 · spread now +0.124%, 7d avg +0.211%

Together, before fees+1.355%+$135 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.087% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.124% now, against its 7-day average of +0.211%). If the spread goes back, that is −$9 on $10k: about 33 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+1.073% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZECUSDT	1,456.4	0.0100	pay 0.0013% / 1h	22m 30s	$402K	$943K	50x
Short	Deribit ZEC_USDC-PERPETUAL	1,458.2	0.0311	get 0.0039% / 1h	22m 30s	$614K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.124%Rate

Funding earned: $44.39
Price spread: +0.124% → +0.211%: −$8.7
Slippage, 4 orders: −$16.74
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $1.95
Costs to cover: 0.337%
Break-even: 6.7 days

Slippage from ApeX Omni: live order book, 31 min ago; Deribit: live order book, 1 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, 31 min ago	2.61 bp	8.4 bp −$8	30.0 bp −$300	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	4.35 bp	7.9 bp −$8	14.3 bp −$143	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	−0.3042%	1h	1,458	+0.107%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.9	+0.030%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,457.1	+0.047%	$29.4M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,456.4	+0.001%	$410K	$36K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,458.1	+0.114%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,457.6	+0.082%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,457.2	+0.056%	$291K	$942K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0085% / S −0.0035%	1h	1,457.5	+0.076%	$435K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,456.4	+0.001%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,456.1	−0.020%	$14K	$818K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ZEC-USD-PERP	+0.0100%	8h	1,456.7	+0.018%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,456.8	+0.023%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.2	−0.014%	$14.5M	$27.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457.2	+0.054%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,456.5	+0.006%	$670.3M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.1	−0.023%	$261.0M	$594.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.5	+0.005%	$178.5M	$1.21B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,456.9	+0.032%	$395K	$434K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.9	+0.100%	$881K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,456.7	+0.020%	$51.3M	$171.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,456.7	+0.019%	$219.0M	$770.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,457.2	+0.052%	$102.8M	$53.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456.6	+0.008%	$165.7M	$268.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,456.5	+0.005%	—	$106.9M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,455.5	−0.067%	$47.7M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.2	−0.018%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.6	+0.009%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,456.4	long leg	$402K	$943K	50x
StandX ZEC-USD	+0.0100%	1h	1,458	+0.105%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457.7	+0.087%	$354K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457.6	+0.078%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.3	−0.006%	$445K	$509K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,460.3	+0.266%	$4K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.4	+0.063%	$233K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,456.6	+0.013%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.8	+0.096%	$3.8M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,455.8	−0.046%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,457.2	+0.050%	$47K	$151K	20x	as long as short
Lighter RH ZEC	+0.0112%	1h	1,458	+0.108%	$2.1M	$7.0M	10x	as long as short
Phoenix ZEC	+0.0116%	1h	1,457.6	+0.077%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,456.4	−0.001%	$8K	$7K	5x	as long as short
Hyperliquid ZEC	+0.0141%	1h	1,458	+0.108%	$759.2M	$424.2M	10x	as long as short
Lighter ZEC	+0.0144%	1h	1,458.2	+0.124%	$19.3M	$45.2M	20x	as long as short
Kalshi KXZECPERP	+0.0178%	8h	1,459.5	+0.212%	$1.5M	$4.4M	2.2x	as long as short
Backpack ZEC_USDC_PERP	+0.0199%	1h	1,457.8	+0.092%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,456.1	−0.024%	$921K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUALshort	+0.0311%	1h	1,458.2	+0.124%	$614K	$1.3M	25x
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,457.2	+0.050%	$18.1M	$45.2M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,457.9	+0.100%	$696K	$8.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,460.6	+0.286%	$3.8M	$9.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0678%	1h	1,457.1	+0.045%	$45K	$49K	10x	as long as short