Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.094%

Price spread now: ApeX Omni against OKX−0.052%70s7-day average −0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as 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−$320.319% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.903%−$90 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.052%, 7d avg −0.129%

Together, before fees−0.924%−$92 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.077% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.129%. Mind the row above: over the last 7 days funding on this pair cost −0.903%, so the current rate has only just turned in your favour. The two prices were read 70 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	OKX ZEC-USDT-SWAP	1,470.5	0.0067	pay 0.0067% / 8h	7h 04m	$181.3M	$1.29B	50x
Short	ApeX Omni ZECUSDT	1,469.7	0.0100	get 0.0013% / 1h	4m 30s	$427K	$880K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.052%Rate

Funding earned: $6.99
Price spread: −0.052% → −0.129%: $7.68
Slippage, 4 orders: −$11.85
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$17.19
Costs to cover: 0.319%
Break-even: 24.2 days

Slippage from OKX: live order book, 5 min ago; ApeX Omni: live order book, 4 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 OKX live order book, 5 min ago	0.03 bp	5.4 bp −$5	8.3 bp −$83	17.3 bp −$1,732	doesn't fit
Sell ApeX Omni live order book, 4 min ago	3.61 bp	12.8 bp −$13	36.5 bp −$365	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	−0.3321%	1h	1,471.4	+0.058%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0343%	1h	1,469.9	−0.041%	$17.9M	$43.0M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0122%	1h	1,467.7	−0.190%	$400K	$515K	5x	as long as short
BloFin ZEC-USDT	−0.0117%	8h	1,469.7	−0.052%	$29.6M	$72.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.6	+0.007%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0015%	8h	1,469.6	−0.061%	$47.7M	$33.3M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,470.9	+0.027%	$414K	$103K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,469.9	−0.043%	$8K	$9K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469	−0.102%	$959K	$5.2M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,470.2	−0.020%	$84K	$405K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470.8	+0.020%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0022%	8h	1,470.4	−0.010%	$294K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0054%	1h	1,470.5	+0.001%	$4.6M	$1.6M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,470.7	+0.016%	$378K	—	100x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0067%	8h	1,470.5	long leg	$181.3M	$1.29B	50x
Popdex ZECUSDT	+0.0096%	1h	1,470.4	−0.005%	$173K	$1.8M	50x	as long as short
Gate ZEC_USDT	+0.0096%	8h	1,470.5	+0.001%	$50.3M	$182.3M	75x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,470	−0.035%	$12K	$847K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,470.9	+0.027%	$61K	$39K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,470.2	−0.017%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.4	+0.061%	$766.2M	$451.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.6	+0.005%	$14.9M	$31.3M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,470.9	+0.024%	$1.7M	$2.8M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470.7	+0.017%	$683.6M	$2.35B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,470.4	−0.005%	$272.9M	$627.6M	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,471.9	+0.095%	$692K	$8.6M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,467.8	−0.183%	$893K	$21K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470.8	+0.019%	$218.1M	$832.1M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470.6	+0.005%	$104.1M	$55.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.6	+0.008%	$163.6M	$289.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,470.6	+0.008%	—	$100.3M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,471.6	+0.073%	$573K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,469.6	−0.061%	$3.0M	$450K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,469.7	−0.052%	$427K	$880K	50x
StandX ZEC-USD	+0.0100%	1h	1,470.2	−0.022%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470.6	+0.007%	$341K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,470.6	+0.009%	$128K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.4	−0.140%	$458K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,471.9	+0.092%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.8	−0.051%	$242K	$3.9M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469	−0.102%	$2.5M	$19.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,470.5	−0.001%	$3.8M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.4	−0.006%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470	−0.032%	$53K	$162K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0172%	1h	1,470.6	+0.008%	$605K	$1.3M	25x	as long as short
Lighter ZEC	+0.0224%	1h	1,471.5	+0.067%	$19.2M	$50.6M	20x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,470.9	+0.028%	$854K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,472.2	+0.113%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0512%	1h	1,470.1	−0.030%	$2.5M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0688%	1h	1,472.5	+0.138%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0746%	1h	1,470.5	−0.003%	$43K	$46K	10x	as long as short