Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.052%

Price spread now: Paradex against Kraken Futures+0.187%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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

The price spread pays, funding is against you. Paradex is 0.187% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.187% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZECUSD	1,473.6	0.0146	pay 0.0018% / 1h	25m 25s	$18.0M	$45.6M	25x
Short	Paradex ZEC-USD-PERP	1,476.4	0.0100	get 0.0100% / 8h	2h 25m	$61K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now +0.187%Rate

Funding earned: −$9.64
Price spread: +0.187% → 0.000%: $18.73
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.91
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago	2.75 bp	9.9 bp −$10	13.8 bp −$138	23.0 bp −$2,305	111.8 bp −$55.9K
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 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	−0.3243%	1h	1,457.4	−1.098%	$34K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0088%	8h	1,473.9	+0.017%	$29.8M	$71.4M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,473.8	+0.013%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,475.8	+0.146%	$410K	$37K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,473.9	+0.022%	$1.6M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,477.2	+0.241%	$84K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0007%	1h	1,477.8	+0.286%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0062%	8h	1,477.6	+0.269%	$295K	$896K	20x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,476.1	+0.169%	$8K	$7K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0071%	1h	1,474.2	+0.043%	$620K	$1.3M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZECUSDT	+0.0091%	8h	1,477.2	+0.245%	$265.3M	$592.2M	75x	as long as short
Phoenix ZEC	+0.0092%	1h	1,475.1	+0.102%	$4.7M	$1.3M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,476	+0.164%	$173K	$1.6M	50x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0099% / S −0.0053%	1h	1,477.7	+0.279%	$440K	—	100x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,476	+0.162%	$13K	$818K	10x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,476.4	+0.187%	$61K	$43K	10x
Nado ZEC-PERP	+0.0100%	1h	1,476.6	+0.201%	$2.9M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,477.9	+0.292%	$769.3M	$420.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,477.7	+0.275%	$14.5M	$28.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,476.6	+0.203%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,477.9	+0.290%	$682.7M	$2.17B	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,477.4	+0.256%	$179.3M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,475.6	+0.136%	$400K	$433K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.4	−0.081%	$889K	$15K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,477.6	+0.273%	$53.4M	$172.2M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,477.7	+0.275%	$227.4M	$764.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,476.9	+0.222%	$104.9M	$52.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,477.2	+0.244%	$167.0M	$268.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,476.8	+0.219%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,473.7	+0.005%	$48.3M	$32.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,475	+0.094%	$556K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.1	+0.035%	$3.0M	$455K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,472.9	−0.046%	$407K	$926K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.4	−0.082%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,477.1	+0.237%	$363K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,477.7	+0.278%	$163K	$183K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,472.6	−0.065%	$450K	$506K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,475.1	+0.102%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,473.7	+0.004%	$244K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,473	−0.039%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,474.3	+0.045%	$3.9M	$4.8M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,476.4	+0.188%	$2.8M	$7.8M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,473.4	−0.015%	$46K	$152K	20x	as long as short
Lighter RH ZEC	+0.0120%	1h	1,477.7	+0.279%	$2.1M	$7.1M	10x	as long as short
Kraken Futures PF_ZECUSDlong	+0.0146%	1h	1,473.6	long leg	$18.0M	$45.6M	25x
RISEx ZEC/USDC	+0.0154%	1h	1,476.6	+0.200%	$932K	$1.1M	10x	as long as short
Lighter ZEC	+0.0192%	1h	1,477.9	+0.294%	$19.5M	$44.0M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0397%	1h	1,474.9	+0.086%	$2.4M	$3.7M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0496%	1h	1,475	+0.093%	$3.7M	$9.3M	50x	as long as short
Arcus ZEC-USD	+0.0508%	1h	1,477.3	+0.248%	$655K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0714%	1h	1,474.1	+0.033%	$45K	$49K	10x	as long as short