Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: Variational Omni against SunX−0.418%7-day average −0.163% · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$2 on $10k

Price spread, last 4 days (all we have)+0.249%+$25 · spread now −0.418%, 7d avg −0.163%

Together, before fees+0.224%+ Points / potential airdropVariational Omni: Active · farm board+$22 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 0.254% cheaper against SunX than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.163%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEC-USDT	1,453.4	0.0100	pay 0.0100% / 8h	4h 44m	$3K	$1.1M	20x
Short	Variational Omni ZEC	1,447.3	0.0100	get 0.0100% / 8h	4h 44m	$47.4M	$32.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now −0.418%Rate

Funding earned: $0
Price spread: −0.418% → −0.163%: −$25.45
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$33.45
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; Variational Omni: RFQ quote, 4 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 SunX live order book, 8 min ago	29.02 bp	49.9 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.77 bp	doesn't fit	4.8 bp −$48	14.4 bp −$1,438	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	−0.3166%	1h	1,449.7	−0.253%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,447.5	−0.410%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0071%	8h	1,449.9	−0.242%	$29.2M	$70.5M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,449.6	−0.262%	$408K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,450.3	−0.213%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,450.5	−0.197%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,450.2	−0.220%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0059%	8h	1,450.1	−0.228%	$290K	$958K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0065% / S −0.0015%	1h	1,450.4	−0.205%	$408K	—	100x	as long as short
01 Exchange ZECUSD	+0.0072%	1h	1,451.5	−0.134%	$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
Popdex ZECUSDT	+0.0096%	1h	1,451.2	−0.152%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,450.4	−0.211%	$11K	$874K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,451.4	−0.135%	$60K	$43K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,450.9	−0.172%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,451.7	−0.118%	$754.9M	$434.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,450.4	−0.207%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,451.3	−0.144%	$1.6M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,451.2	−0.153%	$666.1M	$2.22B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,450.9	−0.170%	$261.4M	$602.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,451.4	−0.136%	$177.0M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,448.7	−0.324%	$394K	$444K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,449.4	−0.273%	$876K	$23K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,450.1	−0.231%	$50.0M	$172.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,451.2	−0.152%	$216.0M	$769.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,450.8	−0.180%	$102.1M	$54.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,450.8	−0.182%	$164.7M	$274.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,448.4	−0.343%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,450.8	−0.179%	$2.5M	$3.8M	15x	as long as short
Variational Omni ZECshort	+0.0100%	8h	1,447.3	−0.418%	$47.4M	$32.8M	—
edgeX ZECUSDC	+0.0100%	4h	1,447.5	−0.408%	$563K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,447.7	−0.392%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,447.2	−0.425%	$402K	$920K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,447.8	−0.387%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,450.6	−0.193%	$365K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,450.7	−0.186%	$159K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,449.1	−0.294%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDTlong	+0.0100%	8h	1,453.4	long leg	$3K	$1.1M	20x
SoDEX ZEC-USD	+0.0100%	1h	1,449.9	−0.242%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,449.7	−0.254%	$2.6M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,449.5	−0.266%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,449.9	−0.238%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,449.8	−0.246%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,448.9	−0.310%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0278%	1h	1,449.8	−0.248%	$18.0M	$44.9M	25x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0338%	1h	1,450.8	−0.179%	$609K	$1.3M	25x	as long as short
Lighter ZEC	+0.0352%	1h	1,452.6	−0.056%	$19.1M	$45.9M	20x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,451.2	−0.153%	$921K	$1.1M	10x	as long as short
Lighter RH ZEC	+0.0440%	1h	1,452.6	−0.059%	$2.0M	$6.9M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,452.4	−0.072%	$3.8M	$9.0M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,450.8	−0.181%	$738K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0668%	1h	1,449.5	−0.270%	$44K	$49K	10x	as long as short