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 −0.016%

Price spread now: Aster against Paradex−0.049%49s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.049% cheaper against Paradex than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Paradex ZEC-USD-PERP	1,456.7	0.0100	pay 0.0100% / 8h	4h 28m	$60K	$43K	10x
Short	Aster ZECUSDT	1,456	0.0100	get 0.0100% / 8h	4h 28m	$14.5M	$27.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → 0.000%: −$4.89
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$16.89
Costs to cover: 0.120%
Break-even: 43770.6 days

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 5 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	0.79 bp	6.4 bp −$6	9.1 bp −$91	20.0 bp −$1,999	144.7 bp −$72.4K

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	−0.3166%	1h	1,457.3	+0.041%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.1	−0.039%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0067%	8h	1,456.4	−0.020%	$29.3M	$70.9M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,457.2	+0.037%	$410K	$38K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,457.2	+0.037%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,455.9	−0.055%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.8	+0.005%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0061%	8h	1,457.1	+0.031%	$291K	$956K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0067% / S −0.0018%	1h	1,456.7	+0.001%	$409K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,456.5	−0.010%	$8K	$7K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,456.2	−0.034%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,455.9	−0.052%	$11K	$859K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,456.7	long leg	$60K	$43K	10x
Nado ZEC-PERP	+0.0100%	1h	1,456.9	+0.017%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,456.9	+0.015%	$757.3M	$432.7M	10x	as long as short
Aster ZECUSDTshort	+0.0100%	8h	1,456	−0.049%	$14.5M	$27.5M	75x
Pacifica ZEC	+0.0100%	1h	1,457	+0.022%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,455.2	−0.104%	$668.7M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,454.7	−0.139%	$262.3M	$600.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,455.1	−0.108%	$177.7M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,457	+0.021%	$395K	$441K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,454	−0.187%	$877K	$29K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,455	−0.119%	$50.3M	$173.8M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,455.1	−0.108%	$216.8M	$771.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,455.2	−0.101%	$102.1M	$53.9M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,455.2	−0.100%	$165.7M	$271.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,455.5	−0.082%	—	$103.4M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,456.2	−0.035%	$2.4M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,455	−0.115%	$47.6M	$32.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,455.6	−0.078%	$567K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.2	−0.033%	$3.0M	$437K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,454.8	−0.127%	$405K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.1	−0.038%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.1	−0.040%	$366K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,456.8	+0.009%	$160K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,456.2	−0.033%	$445K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,458.6	+0.129%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.1	+0.025%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,455.6	−0.077%	$2.7M	$18.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.4	−0.023%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,454.8	−0.130%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.8	+0.010%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,455.9	−0.053%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0277%	1h	1,456.7	0.000%	$18.0M	$44.9M	25x	as long as short
Lighter ZEC	+0.0320%	1h	1,457.3	+0.041%	$19.2M	$45.9M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0324%	1h	1,457.9	+0.084%	$610K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,456.3	−0.029%	$922K	$1.1M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,458.5	+0.125%	$3.8M	$9.0M	50x	as long as short
Lighter RH ZEC	+0.0480%	1h	1,458.3	+0.111%	$2.1M	$6.9M	10x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,457.7	+0.071%	$700K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0676%	1h	1,455.3	−0.094%	$45K	$49K	10x	as long as short