Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.019%

Price spread now: Paradex against RISEx−0.047%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Paradex

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 pays, the price is against you. Paradex is 0.047% cheaper against RISEx than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ZEC/USDC	1,503.6	0.0032	pay 0.0004% / 1h	28m 07s	$909K	$1.3M	10x
Short	Paradex ZEC-USD-PERP	1,502.9	0.0099	get 0.0099% / 8h	5h 28m	$62K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against RISEx. 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 RISExbpFee ParadexbpOrdersPrice spread, now −0.047%Rate

Funding earned: $14.07
Price spread: −0.047% → 0.000%: −$4.69
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.62
Costs to cover: 0.100%
Break-even: 7.3 days

Slippage unknown: RISEx: live order book, 3 min ago; Paradex: 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 RISEx live order book, 3 min ago	1.23 bp	4.2 bp −$4	8.5 bp −$85	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 50 exchanges

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	−0.4130%	1h	1,489.4	−0.947%	$36K	$267K	12x	as long as short
Aftermath Perps ZECUSD	−0.0241%	1h	1,503.5	−0.010%	$49K	$74K	10x	as long as short
BloFin ZEC-USDT	−0.0200%	8h	1,503.7	+0.007%	$32.0M	$72.9M	75x	as long as short
ApeX Omni ZECUSDT	−0.0169%	1h	1,501.7	−0.127%	$411K	$951K	50x	as long as short
Ondo Perps ZEC-USD.P	−0.0152%	1h	1,503.3	−0.022%	$409K	$497K	5x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.1	−0.034%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,502.6	−0.067%	$414K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,503.9	+0.015%	$1.5M	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,502.5	−0.073%	$63K	$300K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,502.7	−0.060%	$685K	$1.3M	25x	as long as short

Show all 50 exchanges

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	1,502.2	−0.098%	$5.3M	—	150x	as long as short
01 Exchange ZECUSD	+0.0016%	1h	1,504.7	+0.073%	$8K	$6K	5x	as long as short
RISEx ZEC/USDClong	+0.0032%	1h	1,503.6	long leg	$909K	$1.3M	10x
Phoenix ZEC	+0.0060%	1h	1,502.4	−0.079%	$4.8M	$1.3M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0064%	8h	1,501.5	−0.143%	$303K	$717K	20x	as long as short
Aster ZECUSDT	+0.0084%	8h	1,502.7	−0.065%	$14.3M	$27.2M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,503.6	−0.001%	$19.9M	$39.8M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,504.3	+0.043%	$2.1M	$7.2M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,503.4	−0.016%	$170K	$1.4M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,503.3	−0.024%	$25K	$866K	10x	as long as short
Kraken Futures PF_ZECUSD	+0.0099%	1h	1,503.3	−0.023%	$18.6M	$45.7M	25x	as long as short
Paradex ZEC-USD-PERPshort	+0.0099%	8h	1,502.9	−0.047%	$62K	$14K	10x
Nado ZEC-PERP	+0.0100%	1h	1,503.1	−0.037%	$3.1M	$7.1M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,503.7	+0.005%	$792.0M	$432.0M	10x	as long as short
Pacifica ZEC	+0.0100%	1h	1,504	+0.023%	$1.6M	$2.1M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,502.9	−0.046%	$704.6M	$2.18B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,502.5	−0.073%	$273.8M	$587.2M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,502.8	−0.055%	$185.7M	$1.29B	50x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,504	+0.023%	$596K	$8.3M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,508.7	+0.338%	$782K	$163K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,502.7	−0.064%	$63.5M	$174.4M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,502.9	−0.052%	$180.4M	$836.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,502.7	−0.062%	$105.8M	$52.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,502.9	−0.049%	$164.3M	$277.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,502.5	−0.073%	—	$121.2M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,503.2	−0.026%	$2.2M	$3.7M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,501.2	−0.163%	$49.5M	$33.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,501.9	−0.115%	$549K	$8.6M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,501.6	−0.135%	$3.1M	$616K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,503.5	−0.008%	$112K	$4.5M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,502.3	−0.088%	$369K	$1.5M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,502.6	−0.068%	$167K	$188K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,504.8	+0.075%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,502.6	−0.068%	$257K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,503.1	−0.034%	$2.6M	$20.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,503.2	−0.030%	$4.0M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,502.3	−0.086%	$2.7M	$7.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,501.9	−0.115%	$37K	$163K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0193% / S −0.0209%	1h	1,504.1	+0.032%	$349K	—	100x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0352%	1h	1,505.5	+0.123%	$3.9M	$9.4M	50x	as long as short