Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:33 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.030%

Price spread now: Perpl against ApeX Omni−0.049%55s7-day average +0.099% · you buy dearer than you sell

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

Long on ApeX Omni Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days+0.978%+$98 on $10k

Price spread, last 4 days (all we have)+0.586%+$59 · spread now −0.049%, 7d avg +0.099%

Together, before fees+1.564%+ Points / potential airdropPerpl: Active · farm board+$156 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 Perpl is 0.147% cheaper against ApeX Omni than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.099%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.978%, so the current rate has only just turned against you. The two prices were read 55 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	1,504.2	0.0100	pay 0.0013% / 1h	56m 08s	$411K	$948K	50x
Short	Perpl ZEC	1,503.5	0	get 0.0000% / 43m	37m 08s	$63K	$300K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$21
Price spread: −0.049% → +0.099%: −$14.73
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$59.53
Costs to cover: 0.238%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 56 min ago; Perpl: 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, 56 min ago	5.79 bp	10.8 bp −$11	29.3 bp −$293	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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 50 exchanges

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	−0.4130%	1h	1,480	−1.613%	$36K	$267K	12x	as long as short
BloFin ZEC-USDT	−0.0186%	8h	1,506	+0.114%	$31.8M	$73.6M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0164%	1h	1,504.1	−0.009%	$409K	$499K	5x	as long as short
Aftermath Perps ZECUSD	−0.0092%	1h	1,504.5	+0.018%	$46K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.6	−0.043%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,504	−0.016%	$414K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,506.6	+0.155%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZECshort	0.0000%	43m	1,503.5	−0.049%	$63K	$300K	10x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,505.1	+0.057%	$5.4M	—	150x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,506.2	+0.129%	$8K	$6K	5x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ZEC/USDC	+0.0032%	1h	1,506.1	+0.124%	$911K	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0071%	8h	1,504.9	+0.045%	$304K	$856K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,506.5	+0.152%	$20.0M	$38.9M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,506.9	+0.175%	$2.1M	$7.0M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.8	+0.103%	$170K	$1.5M	50x	as long as short
Aster ZECUSDT	+0.0097%	8h	1,505.2	+0.062%	$14.1M	$26.9M	75x	as long as short
Kraken Futures PF_ZECUSD	+0.0098%	1h	1,505.8	+0.106%	$18.5M	$46.2M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,506.1	+0.121%	$62K	$14K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,504.9	+0.043%	$25K	$880K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,507	+0.180%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,506	+0.117%	$790.1M	$431.9M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,506.8	+0.167%	$1.7M	$1.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,505.7	+0.094%	$708.6M	$2.20B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,505.5	+0.084%	$276.7M	$588.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,505.6	+0.087%	$186.1M	$1.31B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,506.6	+0.156%	$593K	$8.4M	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,505.5	+0.082%	$62.9M	$170.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,505.7	+0.095%	$178.7M	$822.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,505.7	+0.096%	$105.5M	$53.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,505.4	+0.077%	$164.4M	$279.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,504.5	+0.017%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,506	+0.118%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,503.5	−0.051%	$49.4M	$34.2M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,503.8	−0.031%	$549K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.7	+0.100%	$3.1M	$599K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,504.2	long leg	$411K	$948K	50x
StandX ZEC-USD	+0.0100%	1h	1,504.3	+0.001%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,505.8	+0.104%	$371K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,506.2	+0.128%	$168K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,507.6	+0.221%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,505.2	+0.064%	$258K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,504.8	+0.037%	$2.7M	$20.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,506	+0.118%	$4.0M	$4.8M	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,505.5	+0.085%	$781K	$158K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,505.3	+0.068%	$2.7M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,505	+0.050%	$37K	$163K	20x	as long as short
Phoenix ZEC	+0.0139%	1h	1,506.5	+0.148%	$4.8M	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0180%	1h	1,506.2	+0.131%	$686K	$1.3M	25x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0185% / S −0.0196%	1h	1,505.6	+0.093%	$351K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,508	+0.249%	$3.9M	$9.5M	50x	as long as short