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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.090%
Price spread now: Phemex against ApeX Omni−0.010%7-day average +0.172% · you buy dearer than you sell
Net, funding: paid 7d − costs+$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$510.509% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.028%+$103 on $10k
Price spread, last 4 days (all we have)+0.345%+$35 · spread now −0.010%, 7d avg +0.172%
Together, before fees+1.373%+$137 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: Phemex is 0.182% cheaper against ApeX Omni than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.172%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZECUSDT1,460.70.0100pay 0.0013% / 1h19m 23s$403K$943K50x
ShortPhemex ZECUSDT1,460.50.0100get 0.0100% / 8h3h 19m$3.8M$4.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
$0
Price spread: −0.010% → +0.172%
−$18.19
Slippage, 4 orders
−$28.92
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$69.11
Costs to cover
0.509%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 35 min ago; Phemex: live order book, 4 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, 35 min ago2.61 bp8.4 bp −$830.0 bp −$300doesn't fitdoesn't fit
Sell Phemex live order book, 4 min ago2.13 bp19.7 bp −$2032.2 bp −$322doesn'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−0.3042%1h1,460.5−0.008%$34K$272K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,461+0.021%$6K$1K10xas long as short
BloFin ZEC-USDT−0.0071%8h1,460−0.047%$29.5M$70.7M75xas long as short
dYdX ZEC-USD0.0000%1h1,459.6−0.070%$411K$35K5xas long as short
Perpl ZEC0.0000%43m1,459.3−0.094%$83K$239K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,458.7−0.134%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0063%8h1,458.8−0.129%$292K$922K20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0086% / S −0.0037%1h1,458.6−0.142%$435K100xas long as short
Popdex ZECUSDT+0.0096%1h1,459.2−0.100%$174K$1.6M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,460−0.049%$14K$810K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex ZEC-USD-PERP+0.0100%8h1,459.6−0.069%$60K$43K10xas long as short
Nado ZEC-PERP+0.0100%1h1,460.5−0.011%$2.8M$6.5M10xas long as short
Aster ZECUSDT+0.0100%8h1,459.2−0.097%$14.5M$27.8M75xas long as short
Pacifica ZEC+0.0100%1h1,460.1−0.037%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,458.7−0.136%$671.1M$2.18B75xas long as short
Bybit ZECUSDT+0.0100%8h1,458.2−0.167%$261.1M$589.8M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,458.9−0.121%$178.8M$1.20B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,456.9−0.257%$396K$434K5xas long as short
Bulk ZEC-USD+0.0100%1h1,457.9−0.189%$881K$17K10xas long as short
Gate ZEC_USDT+0.0100%8h1,459−0.117%$51.7M$172.2M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,458.9−0.124%$218.9M$771.6M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,459.2−0.099%$103.0M$53.1M75xas long as short
Bitget ZECUSDT+0.0100%8h1,459.3−0.092%$165.5M$268.4M75xas long as short
BingX ZEC-USDC+0.0100%8h1,457.9−0.188%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,459.8−0.060%$47.8M$32.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,459.6−0.070%$568K$8.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,461.4+0.051%$3.0M$463K10xas long as short
ApeX Omni ZECUSDTlong+0.0100%1h1,460.7long leg$403K$943K50x
StandX ZEC-USD+0.0100%1h1,460.5−0.010%$49K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,459.1−0.107%$355K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,458.8−0.126%$160K$186K20xas long as short
Derive ZEC-PERP+0.0100%1h1,457.8−0.195%$445K$504K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,463.1+0.168%$3K$1.1M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,459.9−0.055%$234K$3.2M10xas long as short
HTX ZEC-USDT+0.0100%8h1,459−0.112%$2.7M$18.2M75xas long as short
Phemex ZECUSDTshort+0.0100%8h1,460.5−0.010%$3.8M$4.9M50x
Extended ZEC-USD+0.0104%1h1,459.3−0.095%$2.8M$7.7M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,458.8−0.130%$47K$151K20xas long as short
Phoenix ZEC+0.0116%1h1,461.1+0.032%$4.6M$1.3M10xas long as short
Lighter RH ZEC+0.0120%1h1,461.7+0.071%$2.1M$7.0M10xas long as short
01 Exchange ZECUSD+0.0120%1h1,460−0.043%$8K$7K5xas long as short
Hyperliquid ZEC+0.0142%1h1,460.5−0.011%$760.9M$424.5M10xas long as short
Lighter ZEC+0.0160%1h1,461.7+0.074%$19.4M$45.3M20xas long as short
Kalshi KXZECPERP+0.0192%8h1,460−0.047%$1.5M$4.4M2.2xas long as short
RISEx ZEC/USDC+0.0216%1h1,459.6−0.074%$923K$1.1M10xas long as short
Backpack ZEC_USDC_PERP+0.0227%1h1,460.5−0.010%$2.4M$3.8M15xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0241%1h1,460.6−0.007%$615K$1.3M25xas long as short
Kraken Futures PF_ZECUSD+0.0332%1h1,459.7−0.064%$18.1M$45.1M25xas long as short
Arcus ZEC-USD+0.0344%1h1,461.3+0.043%$687K$8.2M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0464%1h1,462.1+0.097%$3.8M$9.2M50xas long as short
Aftermath Perps ZECUSD+0.0677%1h1,459−0.115%$45K$49K10xas long as short