Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h −0.027%

Price spread now: ApeX Omni against BloFin−0.002%7-day average −0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.761%−$76 on $10k

Price spread, last 4 days (all we have)−0.945%−$95 · spread now −0.002%, 7d avg −0.144%

Together, before fees−1.706%−$171 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and ApeX Omni is 0.142% dearer against BloFin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.144%. Mind the row above: over the last 7 days funding on this pair cost −0.761%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZEC-USDT	1,495.8	−0.0117	get 0.0117% / 8h	2h 02m	$30.7M	$74.0M	75x
Short	ApeX Omni ZECUSDT	1,495.8	0.0100	get 0.0013% / 1h	2m 21s	$414K	$930K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.002%Rate

Funding earned: $45.64
Price spread: −0.002% → −0.144%: $14.24
Slippage, 4 orders: −$13.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $24.72
Costs to cover: 0.352%
Break-even: 3.2 days

Slippage from BloFin: live order book, 7 min ago; ApeX Omni: live order book, 47 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 BloFin live order book, 7 min ago	0.10 bp	6.1 bp −$6	8.7 bp −$87	15.4 bp −$1,540	doesn't fit
Sell ApeX Omni live order book, 47 min ago	3.95 bp	14.0 bp −$14	37.2 bp −$372	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	−0.3243%	1h	1,479.2	−1.112%	$34K	$273K	12x	as long as short
BloFin ZEC-USDTlong	−0.0117%	8h	1,495.8	long leg	$30.7M	$74.0M	75x
Bulk ZEC-USD	−0.0102%	1h	1,494.5	−0.085%	$903K	$15K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,495.5	−0.019%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,495.1	−0.049%	$415K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,493.3	−0.166%	$1.6M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,494.6	−0.081%	$85K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,495.1	−0.050%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0070%	8h	1,494.6	−0.083%	$300K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,495.6	−0.011%	$8K	$7K	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	+0.0092%	1h	1,500.8	+0.334%	$4.8M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,495.5	−0.021%	$153K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,494.7	−0.070%	$2.8M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,496.6	+0.053%	$780.2M	$438.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,495	−0.051%	$14.2M	$29.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,494.9	−0.059%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,495.1	−0.049%	$694.4M	$2.28B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,494.6	−0.078%	$274.6M	$621.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,494.5	−0.087%	$181.5M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,495.1	−0.047%	$407K	$480K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,495.2	−0.041%	$54.2M	$182.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,495.4	−0.025%	$233.1M	$785.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,495.7	−0.007%	$103.1M	$56.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,495.6	−0.013%	$161.3M	$285.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,494.4	−0.092%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,498.3	+0.170%	$49.0M	$33.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,496.8	+0.064%	$572K	$8.8M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,498.9	+0.207%	$3.1M	$477K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,495.8	−0.002%	$414K	$930K	50x
StandX ZEC-USD	+0.0100%	1h	1,495.2	−0.043%	$57K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,495.2	−0.040%	$362K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,495	−0.053%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,494.3	−0.098%	$456K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,496.7	+0.057%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,495.6	−0.017%	$255K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,494	−0.120%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,495.6	−0.013%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,494.8	−0.065%	$62K	$43K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,495.2	−0.043%	$12K	$858K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,495.2	−0.040%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,495.2	−0.043%	$45K	$149K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0109% / S −0.0086%	1h	1,494.7	−0.075%	$404K	—	100x	as long as short
Kraken Futures PF_ZECUSD	+0.0144%	1h	1,495.6	−0.012%	$18.1M	$46.2M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,495.5	−0.021%	$933K	$1.2M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0181%	1h	1,496.3	+0.035%	$712K	$1.4M	25x	as long as short
Lighter ZEC	+0.0216%	1h	1,496	+0.010%	$19.6M	$45.9M	20x	as long as short
Lighter RH ZEC	+0.0216%	1h	1,496.1	+0.019%	$2.1M	$7.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0341%	1h	1,496.3	+0.034%	$2.3M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0365%	1h	1,497.3	+0.098%	$50K	$61K	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,496	+0.015%	$3.7M	$9.9M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,496.4	+0.037%	$617K	$8.6M	10x	as long as short