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 −0.010%

Price spread now: Bitget against Paradex−0.308%52s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Bitget

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: Bitget is 0.308% cheaper against Paradex than usual: you would sell low and buy high, −$31 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,458.1	0.0100	pay 0.0100% / 8h	5h 09m	$60K	$43K	10x
Short	Bitget ZECUSDT	1,453.6	0.0100	get 0.0100% / 8h	5h 09m	$161.5M	$273.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.308%Rate

Funding earned: $0.03
Price spread: −0.308% → 0.000%: −$30.79
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.76
Costs to cover: 0.160%
Break-even: 9520.2 days

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.03 bp	7.6 bp −$8	13.6 bp −$136	19.3 bp −$1,934	doesn't fit

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	−0.3244%	1h	1,441.1	−1.164%	$33K	$272K	12x	as long as short
BloFin ZEC-USDT	−0.0084%	8h	1,457.8	−0.021%	$29.4M	$70.8M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,457.5	−0.040%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,458.1	+0.003%	$411K	$42K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,457.7	−0.027%	$1.5M	$4.5M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,456.8	−0.093%	$83K	$241K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.9	−0.084%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0052%	8h	1,456.8	−0.091%	$292K	$966K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0061% / S −0.0011%	1h	1,456.6	−0.102%	$409K	—	100x	as long as short
Phoenix ZEC	+0.0074%	1h	1,458.4	+0.020%	$4.6M	$1.4M	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex ZECUSDT	+0.0096%	1h	1,457.6	−0.034%	$173K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,457.2	−0.062%	$13K	$866K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,458.1	long leg	$60K	$43K	10x
Nado ZEC-PERP	+0.0100%	1h	1,458	−0.007%	$2.6M	$6.3M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,454.4	−0.254%	$755.7M	$433.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,456.4	−0.116%	$14.5M	$28.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,457.8	−0.018%	$1.7M	$2.5M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,453.9	−0.291%	$666.6M	$2.23B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,453.2	−0.339%	$262.7M	$605.7M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,453.5	−0.315%	$177.9M	$1.23B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.3	−0.192%	$396K	$432K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,457.5	−0.045%	$883K	$21K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,454.1	−0.277%	$50.1M	$175.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,454.3	−0.263%	$213.8M	$780.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,454.1	−0.274%	$101.9M	$55.6M	75x	as long as short
Bitget ZECUSDTshort	+0.0100%	8h	1,453.6	−0.308%	$161.5M	$273.5M	75x
BingX ZEC-USDC	+0.0100%	8h	1,455	−0.211%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,456.4	−0.118%	$47.6M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.7	−0.097%	$567K	$8.7M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.6	−0.102%	$3.0M	$432K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,456.2	−0.132%	$410K	$911K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,457.4	−0.050%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,457.5	−0.041%	$369K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,457	−0.078%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,455.8	−0.159%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,459.7	+0.107%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,457.3	−0.054%	$233K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,457.3	−0.055%	$2.7M	$18.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,457.2	−0.060%	$3.8M	$5.1M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,454	−0.282%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,456.7	−0.095%	$47K	$153K	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0109%	1h	1,457.3	−0.058%	$2.4M	$3.8M	15x	as long as short
01 Exchange ZECUSD	+0.0136%	1h	1,457.9	−0.015%	$8K	$7K	5x	as long as short
Kraken Futures PF_ZECUSD	+0.0196%	1h	1,457.1	−0.071%	$18.0M	$44.7M	25x	as long as short
Lighter ZEC	+0.0248%	1h	1,458.4	+0.020%	$19.1M	$46.7M	20x	as long as short
Arcus ZEC-USD	+0.0277%	1h	1,459	+0.065%	$712K	$8.5M	10x	as long as short
Lighter RH ZEC	+0.0352%	1h	1,458.8	+0.047%	$2.0M	$6.9M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0405%	1h	1,457.7	−0.024%	$613K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0409%	1h	1,458.2	+0.003%	$834K	$1.0M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0456%	1h	1,458.4	+0.023%	$3.7M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0690%	1h	1,458	−0.007%	$45K	$49K	10x	as long as short