Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:03 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.039%

Price spread now: Perpl against Paradex+0.065%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 Perpl

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 · Perpl: Active · farm boardneeds both histories

The price spread pays, funding is against you. Perpl is 0.065% dearer against Paradex than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,462.4	0.0100	pay 0.0100% / 8h	1h 21m	$60K	$39K	10x
Short	Perpl ZEC	1,463.4	0	get 0.0000% / 43m	34m 14s	$83K	$404K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$20.95
Price spread: +0.065% → 0.000%: $6.54
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$32.22
Costs to cover: 0.178%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Perpl: no order-book sample. 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 Perpl no order-book sample	—	—	—	—	—

Paradex and Perpl: 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	1,465.9	+0.236%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0405%	1h	1,464	+0.108%	$17.8M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0235%	1h	1,464.3	+0.129%	$397K	$514K	5x	as long as short
BloFin ZEC-USDT	−0.0089%	8h	1,464.3	+0.130%	$29.2M	$75.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,463.6	+0.082%	$6K	$2K	10x	as long as short
Bulk ZEC-USD	−0.0065%	1h	1,462.1	−0.021%	$902K	$27K	10x	as long as short
Bybit ZECUSDT	−0.0064%	8h	1,462.9	+0.030%	$270.6M	$667.6M	75x	as long as short
Variational Omni ZEC	−0.0026%	8h	1,465.3	+0.200%	$46.6M	$33.5M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,463	+0.038%	$412K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,464.3	+0.126%	$884K	$5.6M	2.2x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ZECshort	0.0000%	43m	1,463.4	+0.065%	$83K	$404K	10x
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,463.8	+0.095%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0012%	8h	1,463.6	+0.083%	$292K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0037% / S +0.0009%	1h	1,463.6	+0.079%	$355K	—	100x	as long as short
Gate ZEC_USDT	+0.0043%	8h	1,463.3	+0.058%	$49.8M	$186.0M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0048%	8h	1,463.5	+0.071%	$176.4M	$1.34B	50x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,464	+0.109%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,465	+0.177%	$4.6M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0082%	1h	1,467.6	+0.354%	$431K	$822K	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,463.3	+0.059%	$173K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0096%	8h	1,464.2	+0.122%	$14K	$832K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,462.4	long leg	$60K	$39K	10x
Nado ZEC-PERP	+0.0100%	1h	1,463.1	+0.046%	$2.5M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,464.4	+0.136%	$759.8M	$478.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,462.9	+0.035%	$15.6M	$32.7M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,463.3	+0.062%	$1.7M	$3.0M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,463.5	+0.076%	$674.2M	$2.48B	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,462.9	+0.035%	$221.2M	$865.7M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,463.2	+0.052%	$103.5M	$55.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,463.5	+0.073%	$162.3M	$304.6M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,462.5	+0.005%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,467.7	+0.359%	$512K	$9.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,467.4	+0.341%	$3.0M	$481K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,464.7	+0.154%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,462.9	+0.033%	$343K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,463.3	+0.059%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,462.1	−0.022%	$447K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,465.9	+0.235%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,463.6	+0.080%	$222K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,462.9	+0.030%	$2.5M	$23.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,464.2	+0.119%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,463.9	+0.101%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,463.4	+0.068%	$36K	$366K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0108%	1h	1,464.4	+0.138%	$596K	$1.3M	25x	as long as short
Lighter ZEC	+0.0128%	1h	1,464	+0.111%	$18.9M	$52.6M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0185%	1h	1,464.7	+0.154%	$2.3M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0190%	1h	1,464.1	+0.113%	$841K	$1.3M	10x	as long as short
Lighter RH ZEC	+0.0392%	1h	1,465	+0.176%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,465	+0.178%	$3.7M	$11.5M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,464.8	+0.162%	$727K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0572%	1h	1,464.9	+0.170%	$40K	$34K	10x	as long as short