Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Paradex+0.028%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 gTrade (Gains Network)

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 airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.028% dearer against Paradex than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,463.3	0.0100	pay 0.0100% / 8h	1h 28m	$60K	$39K	10x
Short	gTrade (Gains Network) ZEC/USD	1,463.7	L +0.0007% / S −0.0006%	get 0.0001% / 1h	28m 38s	$5.2M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.028%Rate

Funding earned: −$19.62
Price spread: +0.028% → 0.000%: $2.83
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$30.79
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), just now. 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 gTrade (Gains Network) virtual book (oracle venue), just now	130.03 bp	135.0 bp −$135	584.7 bp −$5,847	doesn't fit	doesn't fit

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	−0.3310%	1h	1,463.6	+0.019%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0405%	1h	1,463.4	+0.008%	$17.8M	$45.0M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0214%	1h	1,460.2	−0.214%	$397K	$513K	5x	as long as short
BloFin ZEC-USDT	−0.0094%	8h	1,463.4	+0.004%	$29.3M	$75.3M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.3	−0.001%	$6K	$2K	10x	as long as short
Bulk ZEC-USD	−0.0065%	1h	1,462.1	−0.084%	$902K	$27K	10x	as long as short
Bybit ZECUSDT	−0.0054%	8h	1,462.4	−0.064%	$271.2M	$669.0M	75x	as long as short
Variational Omni ZEC	−0.0026%	8h	1,463	−0.026%	$46.5M	$33.7M	—	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L −0.0017% / S +0.0093%	1h	1,463.4	+0.008%	$541K	—	100x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,463.9	+0.039%	$412K	$104K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXZECPERP	0.0000%	8h	1,465.3	+0.137%	$885K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,463.6	+0.016%	$83K	$404K	10x	as long as short
gTrade (Gains Network) ZEC/USDshort	L +0.0007% / S −0.0006%	1h	1,463.7	+0.028%	$5.2M	—	150x
Orderly PERP_ZEC_USDC	+0.0013%	8h	1,463.5	+0.012%	$292K	$1.4M	20x	as long as short
ApeX Omni ZECUSDT	+0.0029%	1h	1,462.7	−0.043%	$429K	$821K	50x	as long as short
Gate ZEC_USDT	+0.0049%	8h	1,463.2	−0.012%	$49.9M	$185.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0050%	8h	1,463.1	−0.017%	$176.1M	$1.35B	50x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,463.9	+0.036%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,464	+0.043%	$4.6M	$1.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,463.4	+0.007%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,463.6	+0.015%	$14K	$842K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,463.3	long leg	$60K	$39K	10x
Nado ZEC-PERP	+0.0100%	1h	1,463.8	+0.034%	$2.5M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,464.2	+0.060%	$759.1M	$485.1M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,463.2	−0.008%	$15.6M	$33.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,463.8	+0.033%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,463.3	−0.001%	$674.2M	$2.49B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,463.3	−0.005%	$221.1M	$863.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,463.2	−0.009%	$103.6M	$56.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,463.3	−0.002%	$161.9M	$305.3M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,462.3	−0.071%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,462.1	−0.082%	$510K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,462.4	−0.061%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,463.7	+0.025%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.1	−0.015%	$344K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.2	−0.011%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462	−0.094%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,465.9	+0.174%	$3K	$1.3M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,463.3	−0.002%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,462.4	−0.061%	$2.5M	$24.0M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,463.6	+0.015%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,463.4	+0.008%	$3.2M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.9	+0.043%	$36K	$366K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0120%	1h	1,464.3	+0.068%	$596K	$1.3M	25x	as long as short
Lighter ZEC	+0.0144%	1h	1,465	+0.113%	$19.0M	$52.6M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0180%	1h	1,464.1	+0.055%	$2.3M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,463.8	+0.030%	$842K	$1.4M	10x	as long as short
Lighter RH ZEC	+0.0392%	1h	1,465.4	+0.142%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,465.8	+0.166%	$3.7M	$11.6M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,464.7	+0.096%	$730K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0556%	1h	1,464.4	+0.074%	$40K	$34K	10x	as long as short