Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Paradex against Nado−0.147%50s7-day average — · you buy dearer than you sell

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

Long on Nado 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 airdropNado: Active · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.147% cheaper against Nado than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet). 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	Nado ZEC-PERP	1,467	0.0100	pay 0.0012% / 1h	54m 42s	$2.9M	$6.4M	10x
Short	Paradex ZEC-USD-PERP	1,464.9	0.0100	get 0.0100% / 8h	2h 54m	$60K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Nado. 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 NadobpFee ParadexbpOrdersPrice spread, now −0.147%Rate

Funding earned: $0
Price spread: −0.147% → 0.000%: −$14.67
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$25.67
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 4 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 Nado live order book, 4 min ago	0.03 bp	4.7 bp −$5	13.2 bp −$132	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	−0.3243%	1h	1,467.4	+0.028%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,467.1	+0.005%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0072%	8h	1,465.8	−0.080%	$29.8M	$70.7M	75x	as long as short
Ondo Perps ZEC-USD.P	−0.0048%	1h	1,466.6	−0.028%	$398K	$435K	5x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,465.4	−0.110%	$407K	$37K	5x	as long as short
01 Exchange ZECUSD	0.0000%	1h	1,466.1	−0.064%	$8K	$7K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,466.1	−0.063%	$84K	$239K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,466.3	−0.046%	$617K	$1.3M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,466	−0.069%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,465.6	−0.095%	$293K	$900K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0092% / S −0.0044%	1h	1,465.8	−0.081%	$437K	—	100x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,466.6	−0.030%	$2.1M	$7.0M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,466	−0.069%	$173K	$1.6M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,466.9	−0.006%	$12K	$799K	10x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,464.9	−0.147%	$60K	$43K	10x
Nado ZEC-PERPlong	+0.0100%	1h	1,467	long leg	$2.9M	$6.4M	10x
Hyperliquid ZEC	+0.0100%	1h	1,466.3	−0.048%	$763.8M	$418.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,465.1	−0.129%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,465.4	−0.111%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,464.6	−0.167%	$675.4M	$2.16B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,464.1	−0.197%	$261.5M	$586.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,464.5	−0.172%	$178.8M	$1.21B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,462.8	−0.286%	$884K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,465.4	−0.110%	$52.6M	$169.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,464.8	−0.152%	$218.2M	$757.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,465.6	−0.095%	$103.2M	$52.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,465.2	−0.121%	$166.5M	$267.1M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,465.8	−0.082%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,466.7	−0.023%	$48.1M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,466.6	−0.029%	$572K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.3	+0.023%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,467.3	+0.022%	$405K	$922K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,467	+0.002%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,465.8	−0.082%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,465.6	−0.094%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,465	−0.139%	$447K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,468.6	+0.109%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,465.8	−0.083%	$235K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,466.4	−0.045%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,466.3	−0.047%	$3.9M	$4.8M	50x	as long as short
Kalshi KXZECPERP	+0.0101%	8h	1,466.6	−0.026%	$1.5M	$4.4M	2.2x	as long as short
Lighter ZEC	+0.0104%	1h	1,466	−0.072%	$19.4M	$43.8M	20x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,465.3	−0.118%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,465.6	−0.098%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,467.5	+0.030%	$4.7M	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0145%	1h	1,466.1	−0.065%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0147%	1h	1,465.8	−0.080%	$18.0M	$45.6M	25x	as long as short
RISEx ZEC/USDC	+0.0154%	1h	1,466.6	−0.027%	$927K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,467.8	+0.053%	$3.8M	$9.1M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,468	+0.065%	$670K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0683%	1h	1,466.3	−0.046%	$45K	$49K	10x	as long as short