Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.081%

Price spread now: SunX against ApeX Omni+0.816%73s7-day average +0.244% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1371.366% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.212%+$121 on $10k

Price spread, last 4 days (all we have)−0.357%−$36 · spread now +0.816%, 7d avg +0.244%

Together, before fees+0.855%+$85 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: SunX is 0.572% dearer against ApeX Omni than usual: you sell high and buy low, +$57 on $10k if it goes back to its 7-day average of +0.244%. The two prices were read 73 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	1,488.1	0.0100	pay 0.0013% / 1h	51m 54s	$410K	$944K	50x
Short	SunX ZEC-USDT	1,500.3	0.0100	get 0.0100% / 8h	51m 54s	$3K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.816%Rate

Funding earned: $0
Price spread: +0.816% → +0.244%: $57.21
Slippage, 4 orders: −$118.62
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$79.42
Costs to cover: 1.366%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 52 min ago; SunX: live order book, 2 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, 52 min ago	4.76 bp	10.5 bp −$11	32.7 bp −$327	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	29.00 bp	67.4 bp −$67	doesn't fit	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	−0.3442%	1h	1,491.5	+0.229%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,495.9	+0.520%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0135%	8h	1,496.1	+0.534%	$31.0M	$75.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,495.6	+0.501%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0043%	1h	1,493.1	+0.335%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,496.8	+0.584%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,497.5	+0.631%	$1.5M	$4.7M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,497.7	+0.644%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,498.3	+0.685%	$18.2M	$46.5M	25x	as long as short
Ondo Perps ZEC-USD.P	+0.0054%	1h	1,489.2	+0.073%	$406K	$552K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0082%	8h	1,498	+0.662%	$302K	$1.1M	20x	as long as short
Bulk ZEC-USD	+0.0085%	1h	1,492.9	+0.323%	$902K	$7K	10x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,497	+0.597%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0096%	1h	1,489.6	+0.098%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,497	+0.594%	$172K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,496.6	+0.571%	$14K	$886K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,496.5	+0.564%	$62K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,497.4	+0.624%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,499.5	+0.765%	$782.9M	$442.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,499.1	+0.738%	$14.0M	$31.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,497.1	+0.607%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,499.4	+0.762%	$700.0M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,498	+0.667%	$268.6M	$628.6M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,498.3	+0.684%	$182.6M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,498	+0.667%	$55.3M	$181.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,499.5	+0.768%	$248.5M	$787.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,499.2	+0.747%	$103.2M	$57.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,498.7	+0.710%	$161.6M	$290.4M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,498.9	+0.723%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,490.6	+0.167%	$48.7M	$35.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,489.3	+0.081%	$570K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,491.3	+0.213%	$3.1M	$507K	10x	as long as short
ApeX Omni ZECUSDTlong	+0.0100%	1h	1,488.1	long leg	$410K	$944K	50x
StandX ZEC-USD	+0.0100%	1h	1,495.4	+0.490%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,497	+0.597%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,497.7	+0.647%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,497	+0.598%	$457K	$500K	6.7x	as long as short
SunX ZEC-USDTshort	+0.0100%	8h	1,500.3	+0.816%	$3K	$1.2M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,498.2	+0.677%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,497.8	+0.653%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,498.2	+0.677%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,498.4	+0.692%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,498.2	+0.676%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,496.8	+0.586%	$943K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0136%	1h	1,499.3	+0.754%	$2.1M	$7.3M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0154% / S −0.0171%	1h	1,497.7	+0.644%	$447K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0224%	1h	1,498.8	+0.718%	$684K	$1.4M	25x	as long as short
Lighter ZEC	+0.0288%	1h	1,499.7	+0.776%	$19.7M	$44.8M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,497.7	+0.642%	$615K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,499.2	+0.746%	$3.7M	$10.2M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0495%	1h	1,499.5	+0.764%	$2.3M	$3.9M	15x	as long as short