Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: Bulk against Paradex+0.132%7-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 Bulk

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: Bulk is 0.132% dearer against Paradex than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,447.5	0.0100	pay 0.0100% / 8h	4h 51m	$60K	$43K	10x
Short	Bulk ZEC-USD	1,449.4	0.0100	get 0.0013% / 1h	51m 39s	$876K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.132%Rate

Funding earned: $0.02
Price spread: +0.132% → 0.000%: $13.19
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $2.21
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Bulk: live order book, 7 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 Bulk live order book, 7 min ago	0.03 bp	3.5 bp −$4	3.5 bp −$35	9.1 bp −$905	18.3 bp −$9,159

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	1,449.6	+0.142%	$33K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,448.6	+0.072%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0078%	8h	1,448.4	+0.057%	$29.2M	$70.3M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,446.7	−0.059%	$407K	$40K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,447.5	−0.001%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,447.8	+0.020%	$83K	$240K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,448.2	+0.049%	$5.1M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0058%	8h	1,448.3	+0.053%	$290K	$958K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0064% / S −0.0014%	1h	1,448.1	+0.042%	$407K	—	100x	as long as short
01 Exchange ZECUSD	+0.0080%	1h	1,447.6	+0.008%	$7K	$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	1,448.5	+0.069%	$172K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,447.2	−0.022%	$10K	$874K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,447.5	long leg	$60K	$43K	10x
Nado ZEC-PERP	+0.0100%	1h	1,448.4	+0.063%	$2.5M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,448.3	+0.053%	$753.4M	$434.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,447.1	−0.029%	$14.4M	$27.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,447.7	+0.010%	$1.6M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,447.6	+0.005%	$663.9M	$2.21B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,446.9	−0.043%	$261.1M	$602.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,447.6	+0.006%	$177.1M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,448.7	+0.081%	$394K	$449K	5x	as long as short
Bulk ZEC-USDshort	+0.0100%	1h	1,449.4	+0.132%	$876K	$23K	10x
Gate ZEC_USDT	+0.0100%	8h	1,447.5	−0.002%	$49.8M	$172.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,447.6	+0.005%	$213.4M	$767.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,447.6	+0.006%	$101.9M	$55.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,447.8	+0.019%	$161.7M	$272.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,447.5	+0.001%	—	$98.3M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,448.7	+0.078%	$2.5M	$3.8M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,451.4	+0.267%	$47.5M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,450.4	+0.195%	$564K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,452.4	+0.339%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,450	+0.169%	$408K	$912K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,449.7	+0.149%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,448.4	+0.060%	$366K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,448.4	+0.059%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,447.4	−0.006%	$442K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,450.9	+0.235%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,448.4	+0.063%	$232K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,447.4	−0.007%	$2.6M	$18.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,447.9	+0.029%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,447.4	−0.010%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,448	+0.034%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0123%	1h	1,450.6	+0.213%	$4.6M	$1.3M	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0279%	1h	1,447.9	+0.028%	$17.9M	$44.7M	25x	as long as short
Lighter ZEC	+0.0320%	1h	1,448.9	+0.093%	$19.0M	$45.8M	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0345%	1h	1,449.1	+0.110%	$608K	$1.3M	25x	as long as short
Lighter RH ZEC	+0.0392%	1h	1,449.2	+0.116%	$2.0M	$6.9M	10x	as long as short
RISEx ZEC/USDC	+0.0412%	1h	1,448.2	+0.044%	$829K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,450.6	+0.209%	$3.7M	$8.9M	50x	as long as short
Arcus ZEC-USD	+0.0626%	1h	1,449.9	+0.164%	$731K	$8.3M	10x	as long as short
Aftermath Perps ZECUSD	+0.0677%	1h	1,450.4	+0.196%	$44K	$49K	10x	as long as short