Funding arb · Price arb /

ZEC

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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 −0.008%

Price spread now: BingX against Paradex+0.062%48s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on BingX

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: BingX is 0.062% dearer against Paradex than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	1,475.9	0.0100	pay 0.0100% / 8h	6h 27m	$61K	$39K	10x
Short	BingX ZEC-USDT	1,476.9	0.0100	get 0.0100% / 8h	6h 27m	—	$100.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0.02
Price spread: +0.062% → 0.000%: $6.16
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$7.82
Costs to cover: 0.140%
Break-even: 3058.2 days

Slippage unknown: Paradex: no order-book sample; BingX: live order book, 6 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 BingX live order book, 6 min ago	0.10 bp	5.2 bp −$5	8.7 bp −$87	14.8 bp −$1,484	30.0 bp −$15.0K

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 50 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	−0.3678%	1h	1,477.1	+0.080%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,474.1	−0.127%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0006%	1h	1,473.7	−0.152%	$400K	$518K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,477.3	+0.094%	$18.1M	$43.5M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,474.7	−0.085%	$415K	$55K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,476.9	+0.066%	$976K	$5.0M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,475.3	−0.043%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,476.9	+0.066%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0028%	8h	1,477.1	+0.080%	$295K	$1.1M	20x	as long as short
Variational Omni ZEC	+0.0040%	8h	1,476.4	+0.030%	$48.0M	$33.0M	—	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,476.5	+0.036%	$386K	—	100x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,476.2	+0.016%	$8K	$9K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,478.2	+0.154%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0096%	8h	1,476.5	+0.035%	$181.5M	$1.28B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476	+0.001%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,475.7	−0.014%	$17K	$840K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,475.9	long leg	$61K	$39K	10x
Nado ZEC-PERP	+0.0100%	1h	1,475.3	−0.046%	$2.6M	$6.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,477.3	+0.092%	$768.8M	$445.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,476.8	+0.060%	$14.9M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,475.4	−0.036%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,477.2	+0.083%	$682.7M	$2.33B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,476.5	+0.039%	$272.3M	$618.4M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.5	−0.370%	$893K	$19K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,476.8	+0.060%	$50.3M	$175.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,476.7	+0.053%	$215.9M	$799.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.6	+0.047%	$103.9M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,476.4	+0.031%	$164.0M	$284.1M	75x	as long as short
BingX ZEC-USDTshort	+0.0100%	8h	1,476.9	+0.062%	—	$100.8M	—
edgeX ZECUSDC	+0.0100%	4h	1,476.8	+0.055%	$575K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,473	−0.199%	$3.0M	$443K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,476.9	+0.062%	$429K	$907K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,476.5	+0.039%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,475.8	−0.010%	$340K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,476.3	+0.026%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,475.6	−0.025%	$459K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,477.8	+0.127%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,477.1	+0.079%	$243K	$3.7M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,475	−0.064%	$2.5M	$19.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,476.2	+0.017%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,476.6	+0.042%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,477.1	+0.082%	$48K	$162K	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,477	+0.074%	$687K	$8.7M	10x	as long as short
Lighter ZEC	+0.0256%	1h	1,478	+0.138%	$19.3M	$48.1M	20x	as long as short
Lighter RH ZEC	+0.0304%	1h	1,477.9	+0.130%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,476.7	+0.049%	$868K	$1.0M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0409%	1h	1,478.1	+0.143%	$615K	$1.3M	25x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,476.2	+0.015%	$3.6M	$9.5M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0506%	1h	1,477.7	+0.122%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0722%	1h	1,475.1	−0.055%	$44K	$46K	10x	as long as short