Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

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 −0.106%

Price spread now: ApeX Omni against Pacifica0.000%51s7-day average −0.124% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as 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−$330.330% of the position

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.771%−$77 on $10k

Price spread, last 7 days−0.078%−$8 · spread now 0.000%, 7d avg −0.124%

Together, before fees−0.849%+ Points / potential airdropPacifica: Active · farm board−$85 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 0.124% dearer against Pacifica than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.124%. The two prices were read 51 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	Pacifica ZEC	1,469.5	0.0100	pay 0.0013% / 1h	0m 49s	$1.7M	$2.7M	10x
Short	ApeX Omni ZECUSDT	1,469.5	0.0100	get 0.0013% / 1h	0m 49s	$427K	$881K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.124%: $12.39
Slippage, 4 orders: −$15.05
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$20.66
Costs to cover: 0.330%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; ApeX Omni: live order book, 68 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 Pacifica live order book, 3 min ago	0.41 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 68 min ago	3.61 bp	12.8 bp −$13	36.5 bp −$365	doesn't fit	doesn't fit

ZEC on 50 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	−0.3678%	1h	1,452	−1.191%	$33K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.6	−0.131%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0037%	1h	1,464.8	−0.321%	$398K	$471K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,468.8	−0.048%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,468.4	−0.077%	$413K	$49K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.7	−0.053%	$972K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,468.5	−0.068%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,468.7	−0.057%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0032%	8h	1,468.6	−0.062%	$293K	$984K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,468.7	−0.057%	$384K	—	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0056%	1h	1,469	−0.033%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,466.6	−0.198%	$4.6M	$1.5M	10x	as long as short
Variational Omni ZEC	+0.0079%	8h	1,468.1	−0.096%	$48.0M	$32.4M	—	as long as short
OKX ZEC-USDT-SWAP	+0.0093%	8h	1,469.1	−0.026%	$181.1M	$1.24B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,468.8	−0.051%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,467.7	−0.126%	$17K	$845K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,469.3	−0.014%	$61K	$42K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,468.7	−0.057%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,470.2	+0.047%	$765.7M	$434.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.9	−0.043%	$14.7M	$29.1M	75x	as long as short
Pacifica ZEClong	+0.0100%	1h	1,469.5	long leg	$1.7M	$2.7M	10x
Binance ZECUSDT	+0.0100%	8h	1,469.3	−0.017%	$679.0M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,469	−0.034%	$271.5M	$605.8M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.200%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,469	−0.038%	$50.2M	$177.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,469.2	−0.021%	$216.3M	$803.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,469	−0.032%	$103.2M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,469.3	−0.017%	$163.2M	$276.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,469.2	−0.021%	—	$98.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,469.6	+0.006%	$572K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.3	−0.080%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDTshort	+0.0100%	1h	1,469.5	0.000%	$427K	$881K	50x
StandX ZEC-USD	+0.0100%	1h	1,467.8	−0.119%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,468.5	−0.069%	$343K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,468.8	−0.050%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,467.2	−0.156%	$448K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,471.2	+0.112%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,468.7	−0.054%	$242K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,468.7	−0.058%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469	−0.033%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468.9	−0.039%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,468.5	−0.066%	$48K	$155K	20x	as long as short
Lighter ZEC	+0.0224%	1h	1,470.7	+0.080%	$19.2M	$48.3M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0246%	1h	1,469.4	−0.005%	$611K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,470	+0.031%	$694K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,471	+0.104%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,469	−0.032%	$852K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0413%	1h	1,469.2	−0.024%	$2.4M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,469.3	−0.013%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0733%	1h	1,469.7	+0.013%	$43K	$46K	10x	as long as short