Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Paradex against OKX−0.037%60s7-day average — · you buy dearer than you sell

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

Long on OKX 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.037% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 60 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	OKX ZEC-USDT-SWAP	1,477.7	0.0100	pay 0.0100% / 8h	1h 32m	$178.9M	$1.31B	50x
Short	Paradex ZEC-USD-PERP	1,477.2	0.0100	get 0.0100% / 8h	1h 32m	$61K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against OKX. 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 OKXbpFee ParadexbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0.03
Price spread: −0.037% → 0.000%: −$3.66
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$17.62
Costs to cover: 0.140%
Break-even: 3798.8 days

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.03 bp	6.2 bp −$6	8.8 bp −$88	15.3 bp −$1,526	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	−0.3684%	1h	1,477.8	+0.007%	$36K	$275K	12x	as long as short
BloFin ZEC-USDT	−0.0130%	8h	1,476.4	−0.093%	$30.6M	$73.7M	75x	as long as short
Bulk ZEC-USD	−0.0118%	1h	1,480.8	+0.209%	$895K	$15K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,476.6	−0.075%	$17.9M	$47.1M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,476.9	−0.058%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,477.6	−0.007%	$411K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,477.5	−0.018%	$1.5M	$4.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,476.4	−0.089%	$63K	$303K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,476.8	−0.064%	$5.2M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0035%	1h	1,477.2	−0.038%	$675K	$1.4M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0077%	8h	1,476.3	−0.097%	$297K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,477.4	−0.022%	$162K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,477.1	−0.045%	$13K	$866K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,476.7	−0.067%	$2.7M	$7.0M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,477.5	−0.017%	$13.8M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476.9	−0.054%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,478	+0.019%	$688.0M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,477.6	−0.010%	$265.3M	$631.9M	75x	as long as short
OKX ZEC-USDT-SWAPlong	+0.0100%	8h	1,477.7	long leg	$178.9M	$1.31B	50x
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,472.5	−0.354%	$403K	$507K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477.9	+0.012%	$54.2M	$182.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477.9	+0.008%	$235.0M	$782.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,477.8	+0.007%	$101.2M	$57.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,478.1	+0.022%	$159.0M	$288.7M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,478	+0.018%	—	$115.2M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,477.4	−0.025%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,474.2	−0.242%	$48.1M	$34.1M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,476.3	−0.099%	$564K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,476.1	−0.112%	$3.0M	$488K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.1	−0.114%	$406K	$935K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.1	−0.112%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,476.3	−0.097%	$357K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,476.3	−0.094%	$162K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,473.4	−0.293%	$450K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,479.5	+0.121%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,476.3	−0.097%	$251K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475.8	−0.128%	$2.6M	$19.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,476.9	−0.055%	$3.9M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,477.2	−0.037%	$61K	$43K	10x
Extended ZEC-USD	+0.0104%	1h	1,477.7	−0.002%	$2.7M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,476.3	−0.098%	$42K	$152K	20x	as long as short
Aftermath Perps ZECUSD	+0.0120%	1h	1,477.8	+0.002%	$47K	$64K	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0128% / S −0.0121%	1h	1,476.3	−0.095%	$428K	—	100x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,477.5	−0.015%	$925K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,476.1	−0.108%	$4.7M	$1.4M	10x	as long as short
01 Exchange ZECUSD	+0.0144%	1h	1,477.9	+0.014%	$8K	$7K	5x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,479	+0.086%	$638K	$8.6M	10x	as long as short
Hyperliquid ZEC	+0.0242%	1h	1,479.7	+0.133%	$768.0M	$442.0M	10x	as long as short
Lighter RH ZEC	+0.0256%	1h	1,479.5	+0.121%	$2.1M	$7.4M	10x	as long as short
Lighter ZEC	+0.0304%	1h	1,479.7	+0.135%	$19.4M	$45.8M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,478.8	+0.070%	$3.6M	$9.9M	50x	as long as short