Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.063%

Price spread now: Ondo Perps against ApeX Omni−0.018%52s7-day average +0.121% · you buy dearer than you sell

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

Long on ApeX Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+1.162%+$116 on $10k

Price spread, last 4 days (all we have)+0.992%+$99 · spread now −0.018%, 7d avg +0.121%

Together, before fees+2.154%+ Points / potential airdropOndo Perps: Active · farm board+$215 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: Ondo Perps is 0.139% cheaper against ApeX Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.121%. The two prices were read 52 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	1,457.2	0.0100	pay 0.0013% / 1h	19m 44s	$402K	$943K	50x
Short	Ondo Perps ZEC-USD.P	1,456.9	0.0100	get 0.0013% / 1h	19m 44s	$396K	$434K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → +0.121%: −$13.88
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$28.88
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 34 min ago; Ondo Perps: 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 ApeX Omni live order book, 34 min ago	2.61 bp	8.4 bp −$8	30.0 bp −$300	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.3042%	1h	1,441.9	−1.049%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,461	+0.261%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,460	+0.194%	$29.5M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,459.6	+0.170%	$411K	$35K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,459.7	+0.176%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,459.6	+0.165%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,459.8	+0.183%	$292K	$927K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0085% / S −0.0036%	1h	1,459.6	+0.168%	$434K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,460.8	+0.250%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,461	+0.266%	$14K	$810K	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	1,459.6	+0.171%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,461.4	+0.291%	$2.8M	$6.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,460.2	+0.207%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,460.1	+0.203%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,459.8	+0.181%	$671.6M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,459.1	+0.132%	$261.2M	$589.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,459.2	+0.138%	$179.0M	$1.20B	50x	as long as short
Ondo Perps ZEC-USD.Pshort	+0.0100%	1h	1,456.9	−0.018%	$396K	$434K	5x
Bulk ZEC-USD	+0.0100%	1h	1,457.9	+0.050%	$881K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,460.4	+0.222%	$51.8M	$172.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,459.7	+0.172%	$219.2M	$771.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,460	+0.196%	$103.0M	$53.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,460.6	+0.236%	$165.9M	$268.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,460	+0.196%	—	$107.0M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,459.8	+0.180%	$47.8M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,457.5	+0.023%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.6	−0.041%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,457.2	long leg	$402K	$943K	50x
StandX ZEC-USD	+0.0100%	1h	1,460.5	+0.231%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,460.3	+0.215%	$355K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,459.5	+0.160%	$161K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,458.8	+0.115%	$445K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,463.1	+0.409%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,459.9	+0.185%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,459	+0.128%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,460.5	+0.230%	$3.8M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,460.1	+0.202%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,459.4	+0.152%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,457.6	+0.027%	$4.6M	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,461.7	+0.312%	$2.1M	$7.0M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,461.7	+0.311%	$8K	$7K	5x	as long as short
Hyperliquid ZEC	+0.0144%	1h	1,461.6	+0.305%	$761.5M	$424.5M	10x	as long as short
Lighter ZEC	+0.0160%	1h	1,461.7	+0.314%	$19.4M	$45.3M	20x	as long as short
Kalshi KXZECPERP	+0.0192%	8h	1,460	+0.194%	$1.5M	$4.4M	2.2x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,461.4	+0.293%	$924K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0227%	1h	1,460.5	+0.230%	$2.4M	$3.8M	15x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0241%	1h	1,460.6	+0.233%	$615K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0332%	1h	1,459.7	+0.176%	$18.1M	$45.1M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,462.6	+0.372%	$688K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,462.1	+0.338%	$3.8M	$9.2M	50x	as long as short
Aftermath Perps ZECUSD	+0.0677%	1h	1,458.6	+0.096%	$45K	$49K	10x	as long as short