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 −0.009%

Price spread now: MEXC against Paradex+0.111%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 MEXC

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: MEXC is 0.111% dearer against Paradex than usual: you sell high and buy low, +$11 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	1,462.8	0.0100	pay 0.0100% / 8h	3h 01m	$60K	$43K	10x
Short	MEXC ZEC_USDT	1,464.5	0.0100	get 0.0100% / 8h	3h 01m	$217.9M	$777.0M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → 0.000%: $11.12
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 0 bp × 2 orders: $0
Net: $7.12
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	0.07 bp	0.1 bp $0	0.3 bp −$3	43.0 bp −$4,299	80.0 bp −$40.0K

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 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	−0.3042%	1h	1,463	+0.011%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,462.4	−0.033%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0072%	8h	1,463.3	+0.028%	$29.7M	$70.6M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,462	−0.058%	$406K	$37K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,462.9	+0.002%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.7	+0.059%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,464.3	+0.098%	$293K	$900K	20x	as long as short
Ondo Perps ZEC-USD.P	+0.0071%	1h	1,464.3	+0.100%	$397K	$436K	5x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0090% / S −0.0042%	1h	1,463.8	+0.064%	$437K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,463.3	+0.030%	$174K	$1.6M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps ZEC-USD	+0.0100%	8h	1,464.2	+0.096%	$14K	$799K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,462.8	long leg	$60K	$43K	10x
Nado ZEC-PERP	+0.0100%	1h	1,463.7	+0.059%	$2.9M	$6.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,464	+0.081%	$14.5M	$27.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,463.1	+0.015%	$1.7M	$2.3M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,464.2	+0.093%	$674.9M	$2.17B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,463.8	+0.063%	$261.7M	$585.9M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,463.8	+0.067%	$178.8M	$1.21B	50x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,462.8	−0.002%	$884K	$17K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,464.2	+0.090%	$52.6M	$174.0M	75x	as long as short
MEXC ZEC_USDTshort	+0.0100%	8h	1,464.5	+0.111%	$217.9M	$777.0M	150x
KuCoin ZECUSDTM	+0.0100%	8h	1,464.5	+0.116%	$103.2M	$52.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,464.4	+0.108%	$166.5M	$267.5M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,464.6	+0.119%	—	$106.9M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,462.9	+0.008%	$48.0M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,463.2	+0.028%	$569K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,465.7	+0.198%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,463	+0.013%	$404K	$921K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,462	−0.060%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,463.5	+0.046%	$357K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.6	+0.055%	$161K	$186K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,463.3	+0.032%	$447K	$504K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,466.1	+0.221%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,464.4	+0.109%	$234K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,462.5	−0.023%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.3	+0.102%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,464.5	+0.114%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,464.2	+0.091%	$47K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0112%	1h	1,463.3	+0.032%	$8K	$7K	5x	as long as short
Phoenix ZEC	+0.0116%	1h	1,463.3	+0.029%	$4.7M	$1.3M	10x	as long as short
Kalshi KXZECPERP	+0.0123%	8h	1,463.6	+0.052%	$1.5M	$4.4M	2.2x	as long as short
Lighter RH ZEC	+0.0128%	1h	1,465.9	+0.212%	$2.1M	$7.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0139%	1h	1,465.1	+0.154%	$617K	$1.3M	25x	as long as short
Hyperliquid ZEC	+0.0148%	1h	1,465.7	+0.197%	$763.6M	$419.6M	10x	as long as short
Lighter ZEC	+0.0168%	1h	1,465.9	+0.208%	$19.3M	$45.8M	20x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,463.4	+0.036%	$925K	$1.1M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0313%	1h	1,465.1	+0.154%	$2.4M	$3.8M	15x	as long as short
Kraken Futures PF_ZECUSD	+0.0331%	1h	1,464.4	+0.109%	$18.0M	$45.6M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,464.4	+0.105%	$673K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,466.1	+0.221%	$3.8M	$9.0M	50x	as long as short
Aftermath Perps ZECUSD	+0.0684%	1h	1,464.4	+0.105%	$45K	$49K	10x	as long as short