Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: Variational Omni against HTX+0.051%7-day average −0.030% · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.062%+$6 on $10k

Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.051%, 7d avg −0.030%

Together, before fees−0.107%+ Points / potential airdropVariational Omni: Active · farm board−$11 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 0.081% dearer against HTX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZEC-USDT	1,500.4	0.0100	pay 0.0100% / 8h	5h 30m	$2.6M	$20.4M	75x
Short	Variational Omni ZEC	1,501.2	0.0100	get 0.0100% / 8h	5h 30m	$49.5M	$33.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HTXbpFee Variational OmnibpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → −0.030%: $8.13
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.87
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 HTX live order book, 2 min ago	2.13 bp	9.4 bp −$9	13.2 bp −$132	39.4 bp −$3,936	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.76 bp	doesn't fit	7.6 bp −$76	15.6 bp −$1,560	doesn't fit

ZEC on 50 exchanges

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	−0.4130%	1h	1,489.4	−0.734%	$36K	$267K	12x	as long as short
Aftermath Perps ZECUSD	−0.0237%	1h	1,503.9	+0.233%	$49K	$74K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,501.4	+0.069%	$31.9M	$72.8M	75x	as long as short
ApeX Omni ZECUSDT	−0.0198%	1h	1,505.5	+0.341%	$412K	$950K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0148%	1h	1,503.3	+0.193%	$409K	$497K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,502.7	+0.155%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,500.8	+0.027%	$413K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,502.8	+0.159%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,499.4	−0.070%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,504.2	+0.255%	$5.3M	—	150x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0016%	1h	1,501.5	+0.072%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,501.5	+0.075%	$908K	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0056%	1h	1,503.5	+0.206%	$685K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0060%	1h	1,503.9	+0.233%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0065%	8h	1,502.3	+0.129%	$303K	$717K	20x	as long as short
Aster ZECUSDT	+0.0084%	8h	1,502	+0.105%	$14.3M	$27.3M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,503.3	+0.191%	$19.9M	$39.8M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,503.5	+0.209%	$2.1M	$7.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,501.4	+0.065%	$170K	$1.4M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,500.6	+0.013%	$25K	$866K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,503.2	+0.184%	$18.6M	$45.6M	25x	as long as short
Paradex ZEC-USD-PERP	+0.0099%	8h	1,500.7	+0.023%	$62K	$14K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,502.8	+0.158%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,503	+0.173%	$791.5M	$431.9M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,501.3	+0.057%	$1.7M	$2.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,502.5	+0.139%	$704.4M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,501.8	+0.093%	$273.8M	$587.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,502.2	+0.121%	$185.6M	$1.29B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,501.5	+0.076%	$597K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.7	+0.553%	$782K	$163K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,502.2	+0.119%	$63.5M	$174.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,502.5	+0.141%	$181.9M	$835.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,502.4	+0.130%	$105.8M	$52.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,502.4	+0.136%	$164.2M	$277.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,502.4	+0.130%	—	$121.3M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,502.9	+0.169%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZECshort	+0.0100%	8h	1,501.2	+0.051%	$49.5M	$33.7M	—
edgeX ZECUSDC	+0.0100%	4h	1,502.9	+0.168%	$549K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503.9	+0.230%	$3.1M	$616K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,502.4	+0.131%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,502	+0.107%	$369K	$1.5M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,502.9	+0.166%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,505.2	+0.318%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,502.5	+0.141%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDTlong	+0.0100%	8h	1,500.4	long leg	$2.6M	$20.4M	75x
Phemex ZECUSDT	+0.0100%	8h	1,502.5	+0.138%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,502.3	+0.125%	$2.7M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,502.3	+0.125%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0192% / S −0.0208%	1h	1,502.9	+0.164%	$349K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,501.7	+0.085%	$3.9M	$9.4M	50x	as long as short