Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%

Price spread now: Paradex against dYdX−0.118%7-day average — · you buy dearer than you sell

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

Long on dYdX 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 0.118% cheaper against dYdX than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZEC-USD	1,473.1	0	get 0.0000% / 1h	48m 44s	$415K	$104K	5x
Short	Paradex ZEC-USD-PERP	1,471.3	0.0100	get 0.0100% / 8h	48m 44s	$60K	$39K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. 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 dYdXbpFee ParadexbpOrdersPrice spread, now −0.118%Rate

Funding earned: $20.98
Price spread: −0.118% → 0.000%: −$11.78
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.8
Costs to cover: 0.140%
Break-even: 8.6 days

Slippage unknown: dYdX: live order book, 30 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 dYdX live order book, 30 min ago	30.89 bp	43.2 bp −$43	53.0 bp −$530	89.5 bp −$8,951	310.7 bp −$155.4K
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	1,473.7	+0.040%	$34K	$275K	12x	as long as short
Ondo Perps ZEC-USD.P	−0.0278%	1h	1,471.3	−0.121%	$399K	$516K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0225%	1h	1,473.4	+0.022%	$17.9M	$44.5M	25x	as long as short
ApeX Omni ZECUSDT	−0.0190%	1h	1,472.5	−0.043%	$432K	$830K	50x	as long as short
BloFin ZEC-USDT	−0.0105%	8h	1,473.3	+0.014%	$29.5M	$75.6M	75x	as long as short
Bybit ZECUSDT	−0.0091%	8h	1,470.7	−0.161%	$273.4M	$657.7M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.5	+0.030%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0040%	8h	1,471.8	−0.087%	$46.8M	$33.6M	—	as long as short
dYdX ZEC-USDlong	0.0000%	1h	1,473.1	long leg	$415K	$104K	5x
Kalshi KXZECPERP	0.0000%	8h	1,473.4	+0.024%	$902K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZEC	0.0000%	43m	1,473.8	+0.045%	$84K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,474.3	+0.083%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0010%	8h	1,473.4	+0.022%	$295K	$1.4M	20x	as long as short
Phoenix ZEC	+0.0024%	1h	1,473.1	−0.001%	$4.6M	$1.6M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0038%	8h	1,471.1	−0.135%	$180.7M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0044%	8h	1,473.3	+0.012%	$50.8M	$184.3M	75x	as long as short
01 Exchange ZECUSD	+0.0048%	1h	1,474.4	+0.090%	$8K	$8K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0011%	1h	1,474.2	+0.079%	$366K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,473.6	+0.036%	$19.1M	$52.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,474	+0.061%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,474.9	+0.122%	$12K	$828K	10x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,471.3	−0.118%	$60K	$39K	10x
Nado ZEC-PERP	+0.0100%	1h	1,474.5	+0.099%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,474.2	+0.076%	$765.0M	$473.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.9	−0.012%	$15.5M	$32.6M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.5	−0.036%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.3	−0.056%	$682.1M	$2.46B	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,472.8	−0.017%	$716K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472	−0.073%	$908K	$26K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.2	−0.060%	$221.1M	$831.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,473.4	+0.020%	$104.1M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.4	−0.112%	$162.8M	$302.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,472.5	−0.037%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,472.5	−0.036%	$512K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,472.8	−0.021%	$3.0M	$466K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472	−0.071%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,474	+0.062%	$347K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,473.8	+0.048%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,471.9	−0.077%	$449K	$498K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.1	+0.068%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,473.2	+0.008%	$226K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,472.4	−0.048%	$2.5M	$23.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,473.7	+0.039%	$3.9M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,473.8	+0.047%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,473.5	+0.026%	$37K	$366K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0108%	1h	1,474.4	+0.092%	$615K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0132%	1h	1,474.7	+0.107%	$836K	$1.2M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0422%	1h	1,474.1	+0.067%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0432%	1h	1,476	+0.196%	$3.8M	$11.0M	50x	as long as short
Lighter RH ZEC	+0.0520%	1h	1,474	+0.060%	$2.0M	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0648%	1h	1,474.5	+0.093%	$46K	$47K	10x	as long as short