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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.101%
Price spread now: ApeX Omni against Derive+0.238%7-day average −0.077% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−1.180%−$118 on $10k
Price spread, last 3 days (all we have)−0.831%−$83 · spread now +0.238%, 7d avg −0.077%
Together, before fees−2.010%−$201 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: ApeX Omni is 0.315% dearer against Derive than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of −0.077%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive ZEC-PERP1,4710.0100pay 0.0013% / 1h44m 41s$458K$510K6.7x
ShortApeX Omni ZECUSDT1,474.50.0100get 0.0013% / 1h44m 41s$429K$905K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Derive. 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: +0.238% → −0.077%
$31.46
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$15.46
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Derive: no order-book sample; ApeX Omni: live order book, 24 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample
Sell ApeX Omni live order book, 24 min ago3.61 bp12.8 bp −$1336.5 bp −$365doesn't fitdoesn't fit
Derive: 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 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−0.3678%1h1,475.7+0.322%$34K$274K12xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,472.7+0.114%$6K$1K10xas long as short
Ondo Perps ZEC-USD.P−0.0063%1h1,473+0.136%$400K$517K5xas long as short
Kraken Futures PF_ZECUSD−0.0002%1h1,472.9+0.125%$18.0M$43.4M25xas long as short
dYdX ZEC-USD0.0000%1h1,471.5+0.036%$414K$103K5xas long as short
Kalshi KXZECPERP0.0000%8h1,471.8+0.054%$958K$5.0M2.2xas long as short
Perpl ZEC0.0000%43m1,472.8+0.124%$84K$405K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,472.6+0.111%$5.2M150xas long as short
BloFin ZEC-USDT+0.0012%8h1,475.2+0.285%$29.6M$73.3M75xas long as short
Variational Omni ZEC+0.0016%8h1,474+0.204%$48.1M$33.4Mas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0026%8h1,472.3+0.091%$294K$1.1M20xas long as short
01 Exchange ZECUSD+0.0032%1h1,473.1+0.143%$8K$9K5xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0055% / S −0.0010%1h1,472.5+0.103%$383K100xas long as short
Phoenix ZEC+0.0070%1h1,473.7+0.184%$4.7M$1.5M10xas long as short
Gate ZEC_USDT+0.0075%8h1,472+0.065%$50.1M$174.2M75xas long as short
OKX ZEC-USDT-SWAP+0.0079%8h1,471.8+0.054%$181.2M$1.28B50xas long as short
Popdex ZECUSDT+0.0096%1h1,472.8+0.121%$172K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0100%8h1,472.6+0.109%$14K$832K10xas long as short
Paradex ZEC-USD-PERP+0.0100%8h1,471.8+0.054%$61K$39K10xas long as short
Nado ZEC-PERP+0.0100%1h1,472.9+0.131%$2.6M$6.5M10xas long as short
Hyperliquid ZEC+0.0100%1h1,472.6+0.108%$766.4M$450.0M10xas long as short
Aster ZECUSDT+0.0100%8h1,472.6+0.106%$14.9M$31.0M75xas long as short
Pacifica ZEC+0.0100%1h1,472.6+0.111%$1.7M$2.7M10xas long as short
Binance ZECUSDT+0.0100%8h1,472+0.065%$682.6M$2.34B75xas long as short
Bybit ZECUSDT+0.0100%8h1,471.7+0.047%$271.7M$626.9M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,471.9+0.059%$217.8M$793.1M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,472.8+0.119%$103.6M$56.0M75xas long as short
Bitget ZECUSDT+0.0100%8h1,472.4+0.095%$163.3M$286.4M75xas long as short
BingX ZEC-USDT+0.0100%8h1,472.8+0.120%$100.2Mas long as short
edgeX ZECUSDC+0.0100%4h1,474.3+0.224%$574K$9.1M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,476+0.337%$3.0M$443K10xas long as short
ApeX Omni ZECUSDTshort+0.0100%1h1,474.5+0.238%$429K$905K50x
StandX ZEC-USD+0.0100%1h1,474.6+0.245%$71K$4.7M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,472.4+0.095%$342K$1.7M10xas long as short
Bullet ZEC-USD+0.0100%1h1,472.5+0.102%$128K$158K20xas long as short
Derive ZEC-PERPlong+0.0100%1h1,471long leg$458K$510K6.7x
SunX ZEC-USDT+0.0100%8h1,474.7+0.249%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,472.4+0.097%$243K$3.8M10xas long as short
HTX ZEC-USDT+0.0100%8h1,473.7+0.186%$2.5M$19.2M75xas long as short
Phemex ZECUSDT+0.0100%8h1,473+0.133%$3.8M$5.3M50xas long as short
Bulk ZEC-USD+0.0100%1h1,474.6+0.247%$897K$17K10xas long as short
Extended ZEC-USD+0.0104%1h1,472.3+0.085%$3.2M$7.0M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,472+0.065%$51K$164K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0214%1h1,473.2+0.147%$606K$1.3M25xas long as short
Lighter RH ZEC+0.0216%1h1,474.1+0.212%$2.1M$7.0M10xas long as short
Arcus ZEC-USD+0.0254%1h1,473.9+0.198%$685K$8.7M10xas long as short
Lighter ZEC+0.0304%1h1,474+0.201%$19.2M$48.0M20xas long as short
RISEx ZEC/USDC+0.0374%1h1,473.3+0.155%$855K$1.0M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0472%1h1,474.6+0.244%$3.7M$9.7M50xas long as short
Backpack ZEC_USDC_PERP+0.0560%1h1,472.7+0.114%$2.5M$3.9M15xas long as short
Aftermath Perps ZECUSD+0.0737%1h1,474.5+0.237%$44K$46K10xas long as short