Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.3778%/8h= −413.7% APRpaid last 24h −0.545%

Price spread now: Injective against Paradex+0.088%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 Injective

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

The price spread pays, funding is against you. Injective is 0.088% dearer against Paradex than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$113 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,477.2	0.0100	pay 0.0100% / 8h	6h 49m	$61K	$39K	10x
Short	Injective ZEC/USDC PERP	1,478.5	−0.3678	pay 0.0460% / 1h	49m 10s	$34K	$274K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.088%Rate

Funding earned: −$793.43
Price spread: +0.088% → 0.000%: $8.84
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$788.61
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Injective: live order book, 20 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 Injective live order book, 20 min ago	65.73 bp	doesn't fit	doesn't fit	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 PERPshort	−0.3678%	1h	1,478.5	+0.088%	$34K	$274K	12x
Hotstuff ZEC-PERP	−0.0080%	1h	1,477.6	+0.027%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0077%	1h	1,477.6	+0.026%	$401K	$519K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,475.3	−0.127%	$18.1M	$43.4M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,477.4	+0.010%	$416K	$103K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,477.8	+0.037%	$964K	$5.1M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,476.7	−0.032%	$84K	$405K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,476	−0.080%	$5.2M	—	150x	as long as short
Variational Omni ZEC	+0.0010%	8h	1,477.5	+0.021%	$48.2M	$33.5M	—	as long as short
BloFin ZEC-USDT	+0.0012%	8h	1,475.2	−0.136%	$29.6M	$73.3M	75x	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	+0.0026%	8h	1,475.5	−0.118%	$295K	$1.1M	20x	as long as short
01 Exchange ZECUSD	+0.0032%	1h	1,477.2	0.000%	$8K	$9K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,475.8	−0.095%	$384K	—	100x	as long as short
Phoenix ZEC	+0.0070%	1h	1,479.5	+0.153%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0077%	8h	1,475.2	−0.139%	$180.9M	$1.29B	50x	as long as short
Gate ZEC_USDT	+0.0085%	8h	1,476	−0.084%	$50.2M	$174.0M	75x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476.5	−0.047%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,477.1	−0.008%	$15K	$841K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,477.2	long leg	$61K	$39K	10x
Nado ZEC-PERP	+0.0100%	1h	1,477.4	+0.016%	$2.7M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,477.3	+0.006%	$769.0M	$449.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,477	−0.015%	$14.9M	$31.0M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,477.6	+0.024%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,474.9	−0.156%	$683.5M	$2.35B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,474.7	−0.170%	$272.3M	$626.0M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.7	−0.444%	$895K	$17K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,475.2	−0.134%	$219.3M	$792.0M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,475.5	−0.119%	$104.0M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,475.4	−0.121%	$163.7M	$286.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,477.4	+0.011%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473	−0.288%	$574K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,476.9	−0.021%	$3.0M	$450K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,478.2	+0.065%	$430K	$902K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,478.8	+0.104%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,476.7	−0.035%	$343K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,475.9	−0.091%	$129K	$158K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,474.2	−0.202%	$459K	$510K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,479.3	+0.138%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,475.2	−0.137%	$243K	$3.8M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,474.1	−0.209%	$2.5M	$19.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,475.8	−0.096%	$3.8M	$5.2M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,475.3	−0.133%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,475.3	−0.127%	$51K	$164K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0143%	1h	1,476.2	−0.071%	$607K	$1.3M	25x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,478.5	+0.085%	$674K	$8.7M	10x	as long as short
Lighter RH ZEC	+0.0280%	1h	1,476.9	−0.022%	$2.1M	$7.0M	10x	as long as short
Lighter ZEC	+0.0320%	1h	1,476.7	−0.038%	$19.3M	$47.9M	20x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,477.8	+0.037%	$858K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,478	+0.053%	$3.7M	$9.7M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0592%	1h	1,479.6	+0.158%	$2.5M	$3.9M	15x	as long as short
Aftermath Perps ZECUSD	+0.0746%	1h	1,475.2	−0.135%	$44K	$46K	10x	as long as short