Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0023%/8h= −2.6% APRpaid last 24h 0.000%

Price spread now: 01 Exchange against Variational Omni+0.063%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. 01 Exchange is 0.063% dearer against Variational Omni than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZEC	1,468.1	0.0079	pay 0.0079% / 8h	6h 01m	$48.0M	$32.4M	—
Short	01 Exchange ZECUSD	1,469	0.0056	get 0.0007% / 1h	1m 08s	$8K	$8K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Variational Omni. 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 Variational OmnibpFee 01 ExchangebpOrdersPrice spread, now +0.063%Rate

Funding earned: −$4.89
Price spread: +0.063% → 0.000%: $6.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$5.61
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; 01 Exchange: no order-book sample. 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, 3 min ago	2.76 bp	doesn't fit	5.1 bp −$51	12.3 bp −$1,228	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 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	−1.096%	$33K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.6	−0.035%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0037%	1h	1,464.8	−0.225%	$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	+0.019%	$413K	$49K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,468.7	+0.043%	$972K	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,468.5	+0.028%	$84K	$249K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,468.7	+0.039%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0032%	8h	1,468.6	+0.034%	$293K	$984K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,468.7	+0.039%	$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 ZECUSDshort	+0.0056%	1h	1,469	+0.063%	$8K	$8K	5x
Phoenix ZEC	+0.0070%	1h	1,466.6	−0.102%	$4.6M	$1.5M	10x	as long as short
Variational Omni ZEClong	+0.0079%	8h	1,468.1	long leg	$48.0M	$32.4M	—
OKX ZEC-USDT-SWAP	+0.0093%	8h	1,468.9	+0.052%	$181.0M	$1.24B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,468.8	+0.044%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,467.7	−0.031%	$17K	$845K	10x	as long as short
Paradex ZEC-USD-PERP	+0.0100%	8h	1,467.9	−0.016%	$61K	$41K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,468.7	+0.039%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,469.7	+0.108%	$765.4M	$434.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,468.6	+0.032%	$14.8M	$29.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,468	−0.009%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,468.7	+0.040%	$678.7M	$2.26B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,468.6	+0.030%	$271.5M	$605.8M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,466.6	−0.104%	$890K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,468.6	+0.033%	$50.2M	$177.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,468.8	+0.048%	$216.2M	$803.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,468.7	+0.039%	$103.2M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,468.7	+0.042%	$163.1M	$276.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,468.6	+0.034%	—	$98.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,469.6	+0.101%	$572K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.3	+0.016%	$3.0M	$430K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.5	+0.095%	$427K	$881K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,467.8	−0.023%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,468.5	+0.027%	$343K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,468.8	+0.046%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,467.2	−0.060%	$448K	$512K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,471.2	+0.208%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,468.7	+0.042%	$242K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,468.7	+0.038%	$2.5M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469	+0.063%	$3.9M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,468.6	+0.034%	$2.8M	$7.6M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,468.5	+0.030%	$48K	$155K	20x	as long as short
Lighter ZEC	+0.0224%	1h	1,470.1	+0.136%	$19.2M	$48.3M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0246%	1h	1,469.4	+0.091%	$611K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,470	+0.127%	$694K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,470.6	+0.168%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,469	+0.063%	$852K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0413%	1h	1,469.2	+0.072%	$2.4M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,469.3	+0.083%	$3.6M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0733%	1h	1,469.7	+0.109%	$43K	$46K	10x	as long as short