Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0297%/8h= +32.5% APRpaid last 24h +0.061%

Price spread now: Paradex against ApeX Omni−0.317%50s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Paradex is 0.317% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.317% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 3.6 days of funding at the current rate (+$9 a day). The two prices were read 50 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	ApeX Omni ZECUSDT	1,505.5	−0.0198	get 0.0025% / 1h	30m 21s	$412K	$950K	50x
Short	Paradex ZEC-USD-PERP	1,500.7	0.0099	get 0.0099% / 8h	5h 30m	$62K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now −0.317%Rate

Funding earned: $62.37
Price spread: −0.317% → 0.000%: −$31.68
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $16.68
Costs to cover: 0.140%
Break-even: 5.1 days

Slippage unknown: ApeX Omni: live order book, 17 min ago; Paradex: 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 ApeX Omni live order book, 17 min ago	3.93 bp	10.7 bp −$11	33.6 bp −$336	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 exchanges

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	−0.4130%	1h	1,489.4	−1.071%	$36K	$267K	12x	as long as short
Aftermath Perps ZECUSD	−0.0237%	1h	1,503.9	−0.108%	$49K	$74K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,501.4	−0.272%	$31.9M	$72.8M	75x	as long as short
ApeX Omni ZECUSDTlong	−0.0198%	1h	1,505.5	long leg	$412K	$950K	50x
Ondo Perps ZEC-USD.P	−0.0148%	1h	1,503.3	−0.147%	$409K	$497K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,502.7	−0.186%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,500.8	−0.313%	$413K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,502.8	−0.181%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,499.4	−0.410%	$63K	$300K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,504.2	−0.086%	$5.3M	—	150x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange ZECUSD	+0.0016%	1h	1,501.5	−0.268%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0032%	1h	1,501.5	−0.265%	$908K	$1.3M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0056%	1h	1,503.5	−0.135%	$685K	$1.3M	25x	as long as short
Phoenix ZEC	+0.0060%	1h	1,503.9	−0.108%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0065%	8h	1,502.3	−0.211%	$303K	$717K	20x	as long as short
Aster ZECUSDT	+0.0084%	8h	1,502.6	−0.193%	$14.3M	$27.3M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,503.3	−0.149%	$19.9M	$39.8M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,503.5	−0.132%	$2.1M	$7.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,501.4	−0.276%	$170K	$1.4M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,500.6	−0.327%	$25K	$866K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,503.2	−0.157%	$18.6M	$45.6M	25x	as long as short
Paradex ZEC-USD-PERPshort	+0.0099%	8h	1,500.7	−0.317%	$62K	$14K	10x
Nado ZEC-PERP	+0.0100%	1h	1,502.8	−0.183%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,503.4	−0.141%	$791.7M	$431.9M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,501.3	−0.283%	$1.7M	$2.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,502.3	−0.213%	$704.3M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,502.4	−0.208%	$273.9M	$587.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,502.7	−0.189%	$185.5M	$1.29B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,501.5	−0.264%	$597K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.7	+0.211%	$782K	$163K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,502.5	−0.201%	$63.5M	$174.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,502.9	−0.175%	$181.6M	$834.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,501	−0.301%	$105.7M	$52.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,502.8	−0.181%	$164.2M	$277.2M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,501.7	−0.254%	—	$6.6M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,501.8	−0.250%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.2	−0.289%	$49.5M	$33.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,502.9	−0.173%	$549K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503.9	−0.111%	$3.1M	$616K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,502.4	−0.209%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,502	−0.234%	$369K	$1.5M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,502.9	−0.174%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,505.2	−0.023%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,502.5	−0.200%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,500.4	−0.340%	$2.6M	$20.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,502.5	−0.203%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,502.3	−0.215%	$2.7M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,502.3	−0.216%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0192% / S −0.0208%	1h	1,502.9	−0.177%	$349K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,501.7	−0.256%	$3.9M	$9.4M	50x	as long as short