Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0088%/8h= −9.7% APRpaid last 24h −0.060%

Price spread now: Kraken Futures against Paradex−0.280%7-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 Kraken Futures

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.280% cheaper against Paradex than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,503	0.0100	pay 0.0100% / 8h	38m 16s	$62K	$43K	10x
Short	Kraken Futures PF_ZECUSD	1,498.8	0.0012	get 0.0001% / 1h	38m 16s	$18.0M	$47.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.280%Rate

Funding earned: −$18.52
Price spread: −0.280% → 0.000%: −$28.02
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$60.54
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 6 min ago	3.03 bp	9.7 bp −$10	13.7 bp −$137	20.6 bp −$2,057	173.7 bp −$86.9K

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	−0.3442%	1h	1,504.2	+0.077%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,499.4	−0.245%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0166%	8h	1,503.7	+0.043%	$30.9M	$75.9M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.5	+0.029%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0078%	1h	1,501.7	−0.091%	$48K	$59K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,503.8	+0.052%	$418K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,502.3	−0.050%	$1.5M	$4.4M	2.2x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,499.4	−0.241%	$685K	$1.4M	25x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,499.1	−0.263%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0012%	1h	1,498.8	−0.280%	$18.0M	$47.2M	25x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk ZEC-USD	+0.0021%	1h	1,505.9	+0.190%	$910K	$2K	10x	as long as short
Ondo Perps ZEC-USD.P	+0.0072%	1h	1,500.8	−0.148%	$411K	$563K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,498.6	−0.293%	$302K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,505.2	+0.144%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,500.7	−0.157%	$175K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,502	−0.072%	$14K	$878K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,503	long leg	$62K	$43K	10x
Nado ZEC-PERP	+0.0100%	1h	1,501.6	−0.096%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,500.1	−0.195%	$783.8M	$444.3M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,498.6	−0.294%	$14.0M	$31.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,503.1	+0.005%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,498.7	−0.289%	$701.1M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,498.3	−0.313%	$269.7M	$623.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,498.5	−0.304%	$184.2M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,498.4	−0.310%	$56.2M	$183.6M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,498.6	−0.293%	$237.6M	$795.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,498.7	−0.291%	$103.2M	$57.1M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,499	−0.269%	$162.0M	$290.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,498.3	−0.313%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,503	−0.004%	$49.1M	$34.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,503.5	+0.034%	$575K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,505.6	+0.172%	$3.1M	$507K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.4	+0.091%	$414K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,503.1	+0.003%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,500.8	−0.148%	$359K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,499.4	−0.241%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,498.1	−0.326%	$457K	$489K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,501.9	−0.076%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,498.6	−0.297%	$253K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,498.3	−0.317%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,499.4	−0.243%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,498.9	−0.277%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,498.9	−0.273%	$43K	$151K	20x	as long as short
Lighter RH ZEC	+0.0112%	1h	1,500.4	−0.173%	$2.1M	$7.4M	10x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,501.2	−0.125%	$8K	$6K	5x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,501.8	−0.080%	$945K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0163% / S −0.0203%	1h	1,499.3	−0.247%	$436K	—	100x	as long as short
Lighter ZEC	+0.0216%	1h	1,500.3	−0.183%	$19.8M	$45.4M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,502.5	−0.036%	$607K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,501.5	−0.101%	$3.7M	$10.2M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0552%	1h	1,499.1	−0.261%	$2.3M	$3.9M	15x	as long as short