ZEC

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.068%

7d average−0.007%if it closes, per $10,000$7funding while held, a day+$7.51

Long on Variational Omni Short on Derive

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZEC	1,479.4	−0.0150	get 0.0150% / 8h	4h 58m	$47.9M	$31.8M	—
Short	Derive ZEC-PERP	1,478.4	0.0100	get 0.0013% / 1h	58m 12s	$450K	$537K	6.7x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee Variational OmnibpFee DerivebpOrdersClose when spread is

Spread captured: −$6.77
Funding while held: $7.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Derive: 3 bp × 2 orders: −$6
Net: −$5.26
Spread needed to break even: 0.060%

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Derive: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0250%
Per $10,000 a day: +$7.51
Average in range /8h: —

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	6.1 bp −$61	13.4 bp −$1,338	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEC price on every exchange

against the cheapest. Click to use as the short leg.

ApeX Omni1,477.6cheapest

Derive1,478.4+0.053%

Ondo Perps1,478.8+0.079%Bybit1,479.1+0.097%

Variational Omni1,479.4+0.121%

OKX1,479.6+0.131%Aster1,479.7+0.140%Gate1,479.7+0.142%BloFin1,479.8+0.143%Popdex1,479.8+0.146%Polymarket Perps1,479.8+0.146%MEXC1,479.8+0.148%Binance1,479.8+0.149%Paradex1,479.9+0.150%SoDEX1,479.9+0.150%Bitget1,479.9+0.151%Phemex1,479.9+0.152%edgeX1,479.9+0.154%Bullet1,479.9+0.155%Katana Perps1,480+0.159%Kraken Futures1,480+0.161%StandX1,480+0.162%Orderly1,480.1+0.164%Perpl1,480.1+0.165%01 Exchange1,480.2+0.171%dYdX1,480.3+0.177%Phoenix1,480.4+0.187%KuCoin1,480.4+0.187%HTX1,480.4+0.187%Hotstuff1,480.4+0.189%BingX1,480.4+0.189%Aevo1,480.4+0.190%GMX1,480.5+0.193%Kalshi1,480.5+0.193%Backpack1,480.5+0.195%Extended1,480.5+0.197%gTrade (Gains Network)1,480.6+0.198%RISEx1,480.6+0.199%Hyperliquid1,480.6+0.200%Pacifica1,480.7+0.207%Bulk1,480.8+0.214%Nado1,480.9+0.218%Deribit1,481.1+0.232%Lighter1,481.3+0.246%Lighter RH1,481.6+0.270%Injective1,481.7+0.273%Aftermath Perps1,481.7+0.275%SunX1,481.8+0.282%Arcus1,481.9+0.290%Coinbase International1,482.4+0.323%

ZEC on 50 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni ZECUSDT	−0.121%	−0.0264%	1h	$963K	$477K	50x	as long as short
Derive ZEC-PERPshort	−0.068%	+0.0100%	1h	$450K	$537K	6.7x
Ondo Perps ZEC-USD.P	−0.043%	−0.0195%	1h	$402K	$627K	5x	as long as short
Bybit ZECUSDT	−0.024%	−0.0222%	8h	$276.9M	$759.7M	75x	as long as short
Variational Omni ZEClong	0.000%	−0.0150%	8h	$47.9M	$31.8M	—
OKX ZEC-USDT-SWAP	+0.009%	−0.0021%	8h	$178.9M	$1.55B	50x	as long as short
Aster ZECUSDT	+0.019%	−0.0026%	8h	$14.9M	$37.4M	75x	as long as short
Gate ZEC_USDT	+0.021%	−0.0050%	8h	$50.9M	$193.7M	75x	as long as short
BloFin ZEC-USDT	+0.021%	−0.0115%	8h	$30.7M	$81.0M	75x	as long as short
Popdex ZECUSDT	+0.024%	+0.0096%	1h	$174K	$2.2M	50x	as long as short

Show all 50 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps ZEC-USD	+0.025%	+0.0037%	1h	$316K	$3.1M	10x	as long as short
MEXC ZEC_USDT	+0.026%	+0.0004%	8h	$221.4M	$958.9M	150x	as long as short
Binance ZECUSDT	+0.028%	+0.0005%	8h	$680.4M	$2.81B	75x	as long as short
Paradex ZEC-USD-PERP	+0.029%	+0.0098%	8h	$61K	$38K	10x	as long as short
SoDEX ZEC-USD	+0.029%	+0.0100%	1h	$225K	$5.5M	10x	as long as short
Bitget ZECUSDT	+0.030%	+0.0100%	8h	$171.4M	$345.9M	75x	as long as short
Phemex ZECUSDT	+0.030%	+0.0089%	8h	$3.8M	$6.2M	50x	as long as short
edgeX ZECUSDC	+0.033%	+0.0100%	4h	$498K	$10.7M	20x	as long as short
Bullet ZEC-USD	+0.034%	+0.0100%	1h	$129K	$162K	20x	as long as short
Katana Perps ZEC-USD	+0.038%	+0.0085%	8h	$16K	$900K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.040%	−0.0432%	1h	$18.0M	$47.6M	25x	as long as short
StandX ZEC-USD	+0.040%	+0.0100%	1h	$111K	$4.5M	30x	as long as short
Orderly PERP_ZEC_USDC	+0.042%	−0.0015%	8h	$292K	$1.8M	20x	as long as short
Perpl ZEC	+0.044%	0.0000%	43m	$78K	$423K	10x	as long as short
01 Exchange ZECUSD	+0.050%	−0.0008%	1h	$9K	$11K	5x	as long as short
dYdX ZEC-USD	+0.056%	0.0000%	1h	$417K	$107K	5x	as long as short
Phoenix ZEC	+0.065%	−0.0004%	1h	$4.7M	$1.6M	10x	as long as short
KuCoin ZECUSDTM	+0.066%	+0.0100%	8h	$104.0M	$65.7M	75x	as long as short
HTX ZEC-USDT	+0.066%	+0.0100%	8h	$2.5M	$30.4M	75x	as long as short
Hotstuff ZEC-PERP	+0.067%	−0.0080%	1h	$6K	$2K	10x	as long as short
BingX ZEC-USDT	+0.068%	+0.0100%	8h	—	$125.4M	—	as long as short
Aevo ZEC-PERP	+0.068%	+0.0080%	1h	$39K	$363K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	+0.071%	L +0.0086% / S +0.0017%	1h	$595K	—	100x	as long as short
Kalshi KXZECPERP	+0.072%	0.0000%	8h	$991K	$6.1M	2.2x	as long as short
Backpack ZEC_USDC_PERP	+0.074%	+0.0100%	1h	$2.3M	$3.8M	15x	as long as short
Extended ZEC-USD	+0.076%	+0.0104%	1h	$3.3M	$4.8M	10x	as long as short
gTrade (Gains Network) ZEC/USD	+0.076%	L +0.0007% / S −0.0006%	1h	$5.2M	—	150x	as long as short
RISEx ZEC/USDC	+0.078%	+0.0100%	1h	$847K	$2.6M	10x	as long as short
Hyperliquid ZEC	+0.079%	+0.0100%	1h	$778.4M	$641.3M	10x	as long as short
Pacifica ZEC	+0.086%	+0.0100%	1h	$1.6M	$3.6M	10x	as long as short
Bulk ZEC-USD	+0.092%	−0.0341%	1h	$912K	$45K	10x	as long as short
Nado ZEC-PERP	+0.096%	+0.0100%	1h	$3.1M	$7.6M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.110%	+0.0104%	1h	$580K	$1.4M	25x	as long as short
Lighter ZEC	+0.125%	+0.0104%	1h	$19.3M	$58.7M	20x	as long as short
Lighter RH ZEC	+0.149%	+0.0144%	1h	$1.8M	$7.6M	10x	as long as short
Injective ZEC/USDC PERP	+0.151%	−0.3655%	1h	$34K	$13K	12x	as long as short
Aftermath Perps ZECUSD	+0.153%	+0.0530%	1h	$39K	$34K	10x	as long as short
SunX ZEC-USDT	+0.160%	+0.0100%	8h	$3K	$1.3M	20x	as long as short
Arcus ZEC-USD	+0.168%	+0.0100%	1h	$718K	$7.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.202%	+0.0384%	1h	$3.8M	$13.0M	50x	as long as short