Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.017%

Price spread now: 01 Exchange against Paradex+0.049%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 01 Exchange

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. 01 Exchange is 0.049% dearer against Paradex than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,471.2	0.0100	pay 0.0100% / 8h	7h 57m	$60K	$39K	10x
Short	01 Exchange ZECUSD	1,471.9	0.0016	get 0.0002% / 1h	57m 55s	$8K	$8K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.049%Rate

Funding earned: −$17.61
Price spread: +0.049% → 0.000%: $4.87
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$23.74
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Paradex and 01 Exchange: 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	−0.3321%	1h	1,472.6	+0.092%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0342%	1h	1,471.3	+0.007%	$17.9M	$43.8M	25x	as long as short
Phemex ZECUSDT	−0.0301%	8h	1,471.4	+0.016%	$3.8M	$5.4M	50x	as long as short
BloFin ZEC-USDT	−0.0101%	8h	1,469.8	−0.098%	$29.6M	$74.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471.3	+0.007%	$6K	$2K	10x	as long as short
Variational Omni ZEC	−0.0063%	8h	1,469.3	−0.130%	$47.6M	$34.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,470.4	−0.057%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,471.2	−0.002%	$957K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,471	−0.015%	$84K	$405K	10x	as long as short
Ondo Perps ZEC-USD.P	+0.0002%	1h	1,470	−0.082%	$399K	$520K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,471.8	+0.039%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0015%	8h	1,470.9	−0.020%	$294K	$1.4M	20x	as long as short
01 Exchange ZECUSDshort	+0.0016%	1h	1,471.9	+0.049%	$8K	$8K	5x
Phoenix ZEC	+0.0024%	1h	1,471.4	+0.013%	$4.7M	$1.6M	10x	as long as short
ApeX Omni ZECUSDT	+0.0028%	1h	1,470.5	−0.049%	$431K	$845K	50x	as long as short
OKX ZEC-USDT-SWAP	+0.0039%	8h	1,471.8	+0.038%	$182.0M	$1.34B	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0010%	1h	1,471.7	+0.031%	$372K	—	100x	as long as short
Lighter ZEC	+0.0096%	1h	1,472.8	+0.105%	$19.2M	$50.2M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,471.1	−0.006%	$175K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,472.3	+0.074%	$12K	$844K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,471.2	long leg	$60K	$39K	10x
Nado ZEC-PERP	+0.0100%	1h	1,471.4	+0.013%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.5	+0.089%	$763.5M	$473.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.1	+0.061%	$15.0M	$32.5M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,471.6	+0.029%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.7	+0.100%	$684.1M	$2.45B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,471.8	+0.037%	$274.8M	$648.5M	75x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,472.6	+0.097%	$701K	$8.5M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,470.8	−0.031%	$895K	$33K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,472.7	+0.103%	$51.2M	$177.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.6	+0.098%	$229.3M	$818.8M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,471.6	+0.024%	$104.7M	$56.3M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.4	+0.081%	$163.8M	$300.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,471.6	+0.029%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,470.1	−0.077%	$549K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,470.6	−0.040%	$3.0M	$454K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470.8	−0.029%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471	−0.014%	$333K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,471.2	+0.001%	$128K	$159K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,469.5	−0.119%	$458K	$508K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,473.8	+0.173%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,471.1	−0.010%	$242K	$4.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,470.7	−0.032%	$2.5M	$22.5M	75x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.7	+0.100%	$3.2M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,471.3	+0.008%	$28K	$201K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0220%	1h	1,472.3	+0.077%	$614K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0228%	1h	1,472.3	+0.072%	$839K	$1.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0448%	1h	1,473.7	+0.171%	$3.8M	$10.6M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0496%	1h	1,472.1	+0.062%	$2.5M	$3.8M	15x	as long as short
Lighter RH ZEC	+0.0552%	1h	1,473.5	+0.153%	$2.0M	$7.9M	10x	as long as short
Aftermath Perps ZECUSD	+0.0776%	1h	1,472.9	+0.117%	$46K	$46K	10x	as long as short