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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Variational Omni against Bitget+0.414%7-day average −0.032% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.042%+$4 on $10k

Price spread, last 7 days−0.444%−$44 · spread now +0.414%, 7d avg −0.032%

Together, before fees−0.402%+ Points / potential airdropVariational Omni: Active · farm board−$40 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: Variational Omni is 0.446% dearer against Bitget than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZECUSDT	1,448.9	0.0100	pay 0.0100% / 8h	5h 38m	$160.7M	$277.5M	75x
Short	Variational Omni ZEC	1,454.9	0.0100	get 0.0100% / 8h	5h 38m	$47.2M	$32.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.414%Rate

Funding earned: $0
Price spread: +0.414% → −0.032%: $44.57
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $32.57
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. 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 Bitget live order book, 1 min ago	0.04 bp	8.2 bp −$8	11.8 bp −$118	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.76 bp	doesn't fit	8.8 bp −$88	16.9 bp −$1,690	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	−0.3244%	1h	1,453.3	+0.301%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,449.6	+0.046%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0079%	8h	1,449.9	+0.071%	$29.3M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,448.4	−0.037%	$408K	$45K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,449.6	+0.049%	$957K	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450.7	+0.123%	$83K	$248K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,448.3	−0.046%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0039%	8h	1,448.8	−0.011%	$289K	$979K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0053% / S −0.0009%	1h	1,449.4	+0.036%	$374K	—	100x	as long as short
Ondo Perps ZEC-USD.P	+0.0060%	1h	1,445.9	−0.208%	$396K	$431K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0074%	1h	1,454.9	+0.415%	$4.6M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,449.5	+0.041%	$173K	$1.8M	50x	as long as short
Gate ZEC_USDT	+0.0096%	8h	1,448.5	−0.030%	$49.2M	$172.2M	75x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,448.5	−0.028%	$13K	$855K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,449.5	+0.044%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,450.2	+0.091%	$2.5M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,449.9	+0.068%	$754.9M	$433.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,449.2	+0.023%	$14.4M	$28.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,449.8	+0.060%	$1.7M	$2.6M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,450.7	+0.122%	$666.0M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,450.8	+0.128%	$266.7M	$609.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,450.8	+0.131%	$178.5M	$1.23B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,458.7	+0.672%	$886K	$16K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,448.9	+0.002%	$211.8M	$773.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,448.7	−0.014%	$101.8M	$55.9M	75x	as long as short
Bitget ZECUSDTlong	+0.0100%	8h	1,448.9	long leg	$160.7M	$277.5M	75x
BingX ZEC-USDT	+0.0100%	8h	1,449.2	+0.019%	—	$97.3M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,449.2	+0.017%	$2.3M	$3.8M	15x	as long as short
Variational Omni ZECshort	+0.0100%	8h	1,454.9	+0.414%	$47.2M	$32.0M	—
edgeX ZECUSDC	+0.0100%	4h	1,456.5	+0.521%	$567K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,459.3	+0.715%	$3.0M	$418K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,458.9	+0.686%	$420K	$883K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,450.6	+0.113%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,449.4	+0.034%	$322K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,449.7	+0.057%	$134K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,447.1	−0.126%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,451.4	+0.175%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,448.9	+0.002%	$231K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,447.9	−0.070%	$2.6M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,449.2	+0.019%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,448.6	−0.025%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,448.2	−0.048%	$48K	$155K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,450.2	+0.091%	$8K	$7K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0118%	1h	1,448.8	−0.005%	$609K	$1.3M	25x	as long as short
Lighter ZEC	+0.0168%	1h	1,450.3	+0.096%	$18.9M	$46.3M	20x	as long as short
Kraken Futures PF_ZECUSD	+0.0197%	1h	1,449	+0.003%	$17.7M	$44.3M	25x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,452.6	+0.255%	$724K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0312%	1h	1,450.6	+0.117%	$2.0M	$6.8M	10x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,450.2	+0.091%	$824K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,450.4	+0.104%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0709%	1h	1,456.5	+0.527%	$43K	$46K	10x	as long as short