Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0069%/8h= +7.6% APRpaid last 24h +0.025%

Price spread now: Paradex against Bulk−0.341%7-day average — · you buy dearer than you sell

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

Long on Bulk Short on Paradex

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 airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.341% cheaper against Bulk than usual: you would sell low and buy high (spread −0.341% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 16 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk ZEC-USD	1,466	0.0030	pay 0.0004% / 1h	37m 01s	$905K	$27K	10x
Short	Paradex ZEC-USD-PERP	1,461	0.0100	get 0.0100% / 8h	1h 37m	$60K	$39K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bulk. 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 BulkbpFee ParadexbpOrdersPrice spread, now −0.341%Rate

Funding earned: $14.56
Price spread: −0.341% → 0.000%: −$34.1
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$30.55
Costs to cover: 0.110%
Break-even: 21.7 days

Slippage unknown: Bulk: live order book, 47 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 Bulk live order book, 47 min ago	0.31 bp	3.8 bp −$4	3.8 bp −$38	6.0 bp −$603	12.1 bp −$6,061
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 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	−0.3310%	1h	1,462.2	−0.259%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0405%	1h	1,462.1	−0.265%	$17.8M	$44.8M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0225%	1h	1,466	−0.001%	$398K	$520K	5x	as long as short
BloFin ZEC-USDT	−0.0089%	8h	1,461.8	−0.285%	$29.3M	$75.2M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,460.4	−0.384%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0050%	8h	1,461.5	−0.309%	$270.7M	$673.7M	75x	as long as short
Variational Omni ZEC	−0.0026%	8h	1,465.3	−0.052%	$46.6M	$34.0M	—	as long as short
ApeX Omni ZECUSDT	−0.0024%	1h	1,463.5	−0.173%	$430K	$820K	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L −0.0017% / S +0.0093%	1h	1,462.7	−0.223%	$541K	—	100x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,461.6	−0.300%	$412K	$106K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXZECPERP	0.0000%	8h	1,461.1	−0.333%	$883K	$5.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,462	−0.273%	$83K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,462.4	−0.244%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0014%	8h	1,461.8	−0.288%	$291K	$1.5M	20x	as long as short
Bulk ZEC-USDlong	+0.0030%	1h	1,466	long leg	$905K	$27K	10x
Gate ZEC_USDT	+0.0047%	8h	1,461.9	−0.282%	$49.9M	$184.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0047%	8h	1,462.2	−0.264%	$175.6M	$1.35B	50x	as long as short
01 Exchange ZECUSD	+0.0056%	1h	1,462.5	−0.238%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,461.4	−0.318%	$4.6M	$1.6M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0096%	1h	1,462.9	−0.214%	$595K	$1.3M	25x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,462.4	−0.246%	$14K	$862K	10x	as long as short
Lighter ZEC	+0.0096%	1h	1,463.3	−0.182%	$18.9M	$52.5M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,461.8	−0.290%	$173K	$1.9M	50x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,461	−0.341%	$60K	$39K	10x
Nado ZEC-PERP	+0.0100%	1h	1,461.6	−0.298%	$2.5M	$6.9M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,463	−0.206%	$758.3M	$484.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,461.8	−0.290%	$15.6M	$33.3M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,461.6	−0.298%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,462	−0.275%	$673.6M	$2.50B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,461.8	−0.287%	$222.0M	$859.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,461.9	−0.279%	$103.6M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,462.2	−0.261%	$161.7M	$306.9M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,460.9	−0.350%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,463.4	−0.181%	$509K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,462.3	−0.251%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462.9	−0.210%	$109K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,462	−0.274%	$343K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,462.3	−0.253%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,460.4	−0.384%	$446K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,463.9	−0.142%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,461.8	−0.288%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,460	−0.408%	$2.5M	$24.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,462.3	−0.253%	$3.8M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,462.1	−0.267%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,462.3	−0.252%	$36K	$367K	20x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,462.2	−0.262%	$841K	$1.7M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0191%	1h	1,462.9	−0.216%	$2.3M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0368%	1h	1,464	−0.137%	$2.0M	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,462.6	−0.234%	$3.7M	$11.6M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,463	−0.204%	$744K	$8.1M	10x	as long as short
Aftermath Perps ZECUSD	+0.0536%	1h	1,464.6	−0.096%	$40K	$34K	10x	as long as short