Settings8H · net · $10k
Funding arb · Price arb /

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0094%/8h= −10.3% APRnext payment $0.12 per $10,000 · paid last 24h +0.083%
Price spread now: gTrade (Gains Network) against ApeX Omni−0.179%7-day average +0.162% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$324as in the Price arb table
costs, in and out, $10k−$2902.897% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.331%+$33 on $10k
Price spread, last 3 days (all we have)+1.092%+$109 · spread now −0.179%, 7d avg +0.162%
Together, before fees+1.423%+$142 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.341% cheaper against ApeX Omni than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.162%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.331%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZECUSDT1,476.50.0100pay 0.0013% / 1h51m 16s$432K$858K50x
ShortgTrade (Gains Network) ZEC/USD1,473.9L +0.0007% / S −0.0006%get 0.0001% / 1h51m 16s$5.2M150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$19.67
Price spread: −0.179% → +0.162%
−$34.07
Slippage, 4 orders
−$269.66
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$343.41
Costs to cover
2.897%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 23 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 23 min ago2.92 bp7.9 bp −$828.9 bp −$289doesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago130.04 bp135.0 bp −$135584.7 bp −$5,847doesn't fitdoesn't fit

ZEC on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3321%1h1,477.8+0.089%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0342%1h1,473.6−0.195%$18.0M$43.7M25xas long as short
Ondo Perps ZEC-USD.P−0.0206%1h1,474.7−0.124%$400K$517K5xas long as short
Bybit ZECUSDT−0.0111%8h1,473.3−0.216%$274.9M$647.3M75xas long as short
BloFin ZEC-USDT−0.0104%8h1,473.4−0.211%$29.5M$74.6M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,475.4−0.074%$6K$2K10xas long as short
Variational Omni ZEC−0.0061%8h1,473.2−0.226%$47.9M$34.4Mas long as short
dYdX ZEC-USD0.0000%1h1,474.3−0.150%$415K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,474.4−0.142%$960K$5.6M2.2xas long as short
Perpl ZEC0.0000%43m1,473.9−0.177%$84K$405K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ZEC_USDC-PERPETUAL0.0000%1h1,474.1−0.164%$615K$1.3M25xas long as short
gTrade (Gains Network) ZEC/USDshortL +0.0007% / S −0.0006%1h1,473.9−0.179%$5.2M150x
Orderly PERP_ZEC_USDC+0.0015%8h1,473.3−0.220%$294K$1.4M20xas long as short
OKX ZEC-USDT-SWAP+0.0040%8h1,473.6−0.196%$181.9M$1.33B50xas long as short
01 Exchange ZECUSD+0.0048%1h1,474.5−0.138%$8K$8K5xas long as short
Phoenix ZEC+0.0054%1h1,477+0.031%$4.7M$1.6M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,473.8−0.185%$377K100xas long as short
Gate ZEC_USDT+0.0064%8h1,473.8−0.186%$51.5M$178.0M75xas long as short
Lighter ZEC+0.0096%1h1,475.3−0.086%$19.2M$50.2M20xas long as short
Popdex ZECUSDT+0.0096%1h1,473.9−0.180%$174K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,474.2−0.158%$13K$850K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,473.4−0.213%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,474.1−0.164%$2.6M$6.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,475−0.104%$764.9M$459.4M10xas long as short
Aster ZECUSDT+0.0100%8h1,473.7−0.195%$15.0M$32.3M75xas long as short
Pacifica ZEC+0.0100%1h1,473.8−0.183%$1.7M$2.9M10xas long as short
Binance ZECUSDT+0.0100%8h1,473.8−0.188%$684.4M$2.44B75xas long as short
Arcus ZEC-USD+0.0100%1h1,475.2−0.093%$688K$8.5M10xas long as short
Bulk ZEC-USD+0.0100%1h1,470.8−0.391%$895K$33K10xas long as short
MEXC ZEC_USDT+0.0100%8h1,473.8−0.187%$232.3M$821.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,473.7−0.189%$105.1M$56.6M75xas long as short
Bitget ZECUSDT+0.0100%8h1,474.2−0.158%$163.9M$299.0M75xas long as short
BingX ZEC-USDC+0.0100%8h1,473.2−0.227%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,475.8−0.048%$575K$9.2M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,477.2+0.047%$3.0M$454K10xas long as short
ApeX Omni ZECUSDTlong+0.0100%1h1,476.5long leg$432K$858K50x
StandX ZEC-USD+0.0100%1h1,476.9+0.024%$111K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,473.4−0.212%$334K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,473.6−0.200%$128K$159K20xas long as short
Derive ZEC-PERP+0.0100%1h1,471.7−0.327%$459K$509K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,476−0.035%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,473.6−0.202%$243K$4.4M10xas long as short
HTX ZEC-USDT+0.0100%8h1,473−0.239%$2.5M$22.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,474.3−0.152%$3.9M$5.4M50xas long as short
Extended ZEC-USD+0.0104%1h1,473.6−0.201%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,471−0.371%$82K$250K20xas long as short
RISEx ZEC/USDC+0.0228%1h1,474.5−0.138%$843K$1.2M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0448%1h1,475.9−0.046%$3.8M$10.5M50xas long as short
Backpack ZEC_USDC_PERP+0.0654%1h1,475−0.106%$2.5M$3.8M15xas long as short
Lighter RH ZEC+0.0664%1h1,476.1−0.030%$2.0M$8.0M10xas long as short
Aftermath Perps ZECUSD+0.0787%1h1,475.1−0.096%$46K$46K10xas long as short