Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.010%

Price spread now: Paradex against Deribit−0.092%7-day average — · you buy dearer than you sell

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

Long on Deribit 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 0.092% cheaper against Deribit than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 6.1 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	Deribit ZEC_USDC-PERPETUAL	1,471.4	0.0050	pay 0.0006% / 1h	0m 51s	$614K	$1.3M	25x
Short	Paradex ZEC-USD-PERP	1,470	0.0100	get 0.0100% / 8h	0m 51s	$60K	$39K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now −0.092%Rate

Funding earned: $10.51
Price spread: −0.092% → 0.000%: −$9.23
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$9.72
Costs to cover: 0.110%
Break-even: 13.5 days

Slippage unknown: Deribit: live order book, 3 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 Deribit live order book, 3 min ago	4.92 bp	8.4 bp −$8	14.7 bp −$147	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 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	−0.3089%	1h	1,472.8	+0.096%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0263%	1h	1,470	−0.092%	$399K	$520K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,470.7	−0.046%	$17.9M	$44.0M	25x	as long as short
Bybit ZECUSDT	−0.0118%	8h	1,469.8	−0.108%	$274.7M	$649.7M	75x	as long as short
BloFin ZEC-USDT	−0.0101%	8h	1,470.3	−0.072%	$29.6M	$74.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,470.9	−0.031%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0063%	8h	1,469.3	−0.140%	$47.6M	$34.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,470.9	−0.028%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,471	−0.025%	$959K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,469.9	−0.099%	$83K	$406K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470.8	−0.041%	$5.2M	—	150x	as long as short
01 Exchange ZECUSD	+0.0008%	1h	1,470.7	−0.043%	$8K	$8K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0016%	8h	1,470.2	−0.080%	$294K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.2	+0.126%	$4.7M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0037%	1h	1,472.7	+0.092%	$432K	$845K	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0038%	8h	1,469.8	−0.104%	$181.5M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0047%	8h	1,470.4	−0.067%	$51.1M	$188.1M	75x	as long as short
Deribit ZEC_USDC-PERPETUALlong	+0.0050%	1h	1,471.4	long leg	$614K	$1.3M	25x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0054% / S −0.0010%	1h	1,470.6	−0.050%	$371K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,472.1	+0.051%	$19.2M	$52.6M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,470.2	−0.080%	$174K	$1.9M	50x	as long as short
SoDEX ZEC-USD	+0.0097%	1h	1,470.3	−0.075%	$242K	$4.4M	10x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,471	−0.026%	$19K	$846K	10x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,470	−0.092%	$60K	$39K	10x
Nado ZEC-PERP	+0.0100%	1h	1,471	−0.025%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,471.7	+0.024%	$762.5M	$472.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.1	−0.082%	$14.9M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,470.7	−0.042%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470.3	−0.069%	$682.7M	$2.45B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,471.9	+0.037%	$699K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.8	+0.097%	$896K	$38K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470.3	−0.073%	$228.2M	$847.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470.5	−0.056%	$104.4M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,470.4	−0.065%	$163.5M	$300.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,470.1	−0.087%	—	$101.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473.4	+0.140%	$513K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474	+0.177%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,471.4	+0.005%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,470.2	−0.078%	$333K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,470.1	−0.083%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.8	−0.174%	$458K	$508K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,472.6	+0.082%	$3K	$1.2M	20x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469.7	−0.114%	$2.5M	$22.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,470.8	−0.038%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.8	−0.035%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.3	−0.068%	$37K	$366K	20x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,471	−0.025%	$837K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0397%	1h	1,470.9	−0.033%	$2.5M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,472.9	+0.103%	$3.8M	$10.6M	50x	as long as short
Lighter RH ZEC	+0.0448%	1h	1,472.7	+0.092%	$2.0M	$8.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0773%	1h	1,472.5	+0.079%	$46K	$46K	10x	as long as short