Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.069%

Price spread now: Arcus against Variational Omni+0.557%7-day average +0.077% · you sell dearer than you buy

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.097%+$10 on $10k

Price spread, last 7 days−0.460%−$46 · spread now +0.557%, 7d avg +0.077%

Together, before fees−0.363%+ Points / potential airdropVariational Omni: Active · farm board−$36 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: Arcus is 0.479% dearer against Variational Omni than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZEC	1,509.2	0.0100	pay 0.0100% / 8h	7h 52m	$49.7M	$35.6M	—
Short	Arcus ZEC-USD	1,517.6	0.0100	get 0.0013% / 1h	52m 20s	$597K	$9.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. 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 Variational OmnibpFee ArcusbpOrdersPrice spread, now +0.557%Rate

Funding earned: $0
Price spread: +0.557% → +0.077%: $47.92
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $43.42
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Arcus: live order book, 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 Variational Omni RFQ quote, 2 min ago	2.77 bp	doesn't fit	8.7 bp −$87	17.4 bp −$1,739	doesn't fit
Sell Arcus live order book, 2 min ago	0.00 bp	6.4 bp −$6	8.9 bp −$89	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	−0.3702%	1h	1,494.3	−0.986%	$36K	$275K	12x	as long as short
Bulk ZEC-USD	−0.0463%	1h	1,515.3	+0.403%	$779K	$147K	10x	as long as short
Perpl ZEC	−0.0447%	43m	1,512.8	+0.238%	$62K	$305K	10x	as long as short
BloFin ZEC-USDT	−0.0163%	8h	1,517.2	+0.528%	$31.8M	$77.1M	75x	as long as short
Aftermath Perps ZECUSD	−0.0124%	1h	1,514.6	+0.360%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,516.6	+0.493%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,516.4	+0.476%	$421K	$34K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,517.9	+0.575%	$8K	$6K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,517.4	+0.547%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,516	+0.450%	$5.4M	—	150x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,516	+0.455%	$18.3M	$47.8M	25x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0058%	1h	1,517	+0.515%	$693K	$1.4M	25x	as long as short
Gate ZEC_USDT	+0.0069%	8h	1,517.1	+0.522%	$60.1M	$183.2M	75x	as long as short
Phoenix ZEC	+0.0082%	1h	1,514.7	+0.362%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,516.6	+0.491%	$306K	$861K	20x	as long as short
Lighter ZEC	+0.0096%	1h	1,516.6	+0.492%	$19.6M	$44.4M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,517	+0.519%	$2.1M	$7.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,517.6	+0.558%	$173K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,517.2	+0.532%	$63K	$19K	10x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,517	+0.518%	$16K	$901K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,517.8	+0.574%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,517.7	+0.564%	$794.0M	$446.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,515.2	+0.401%	$14.2M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,517.8	+0.572%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,515.9	+0.443%	$716.1M	$2.34B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,515.3	+0.408%	$273.3M	$629.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,516.6	+0.491%	$183.5M	$1.38B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,509.5	+0.021%	$413K	$553K	5x	as long as short
Arcus ZEC-USDshort	+0.0100%	1h	1,517.6	+0.557%	$597K	$9.0M	10x
MEXC ZEC_USDT	+0.0100%	8h	1,516	+0.449%	$415.3M	$826.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,517.7	+0.563%	$103.6M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,516.4	+0.478%	$163.8M	$294.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,515.6	+0.424%	—	$6.7M	—	as long as short
Variational Omni ZEClong	+0.0100%	8h	1,509.2	long leg	$49.7M	$35.6M	—
edgeX ZECUSDC	+0.0100%	4h	1,512.9	+0.247%	$580K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,519.6	+0.691%	$3.1M	$519K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,517.6	+0.554%	$417K	$950K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,514.6	+0.357%	$51K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,517.6	+0.558%	$377K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,517.2	+0.532%	$169K	$194K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,512.3	+0.207%	$452K	$408K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,519.1	+0.654%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,515.8	+0.435%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,515.8	+0.438%	$2.7M	$21.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,516.3	+0.469%	$4.1M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,516.3	+0.468%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,516	+0.449%	$43K	$150K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0153% / S −0.0154%	1h	1,513.9	+0.315%	$336K	—	100x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,517.7	+0.563%	$967K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,516.3	+0.473%	$3.7M	$9.9M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0468%	1h	1,516.7	+0.495%	$2.4M	$3.8M	15x	as long as short