Settings8H · net · $10k
Funding arb · Price arb /

ZEC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.062%
Price spread now: Hyperliquid against Paradex+0.067%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.067% dearer against Paradex than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ZEC-USD-PERP1,467.20.0100pay 0.0100% / 8h1h 25m$60K$39K10x
ShortHyperliquid ZEC1,468.20.0100get 0.0013% / 1h25m 39s$761.2M$485.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0.05
Price spread: +0.067% → 0.000%
$6.74
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$6.21
Costs to cover
0.130%
Break-even
873.4 days
Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Hyperliquid live order book, 8 min ago0.34 bp6.0 bp −$68.1 bp −$81doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZEC/USDC PERP−0.3310%1h1,463.6−0.246%$34K$275K12xas long as short
Kraken Futures PF_ZECUSD−0.0404%1h1,467.8+0.038%$17.9M$44.7M25xas long as short
Ondo Perps ZEC-USD.P−0.0219%1h1,462−0.355%$397K$514K5xas long as short
BloFin ZEC-USDT−0.0097%8h1,466.4−0.055%$29.3M$75.5M75xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,466.2−0.071%$6K$2K10xas long as short
Bulk ZEC-USD−0.0065%1h1,462.1−0.348%$902K$27K10xas long as short
Bybit ZECUSDT−0.0058%8h1,467−0.012%$272.0M$667.4M75xas long as short
Variational Omni ZEC−0.0026%8h1,463−0.290%$46.5M$33.7Mas long as short
dYdX ZEC-USD0.0000%1h1,468.4+0.080%$413K$104K5xas long as short
Kalshi KXZECPERP0.0000%8h1,467.3+0.005%$887K$5.6M2.2xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ZEC0.0000%43m1,467.2−0.002%$83K$404K10xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,467.6+0.029%$5.2M150xas long as short
Orderly PERP_ZEC_USDC+0.0013%8h1,467.4+0.009%$293K$1.4M20xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0037% / S +0.0009%1h1,467.6+0.024%$356K100xas long as short
Gate ZEC_USDT+0.0048%8h1,467.8+0.040%$50.0M$185.8M75xas long as short
OKX ZEC-USDT-SWAP+0.0052%8h1,468.1+0.059%$176.9M$1.35B50xas long as short
01 Exchange ZECUSD+0.0064%1h1,467.5+0.016%$8K$8K5xas long as short
ApeX Omni ZECUSDT+0.0070%1h1,463.9−0.226%$430K$821K50xas long as short
Phoenix ZEC+0.0075%1h1,464.5−0.187%$4.6M$1.6M10xas long as short
Popdex ZECUSDT+0.0096%1h1,467.3+0.006%$174K$1.9M50xas long as short
Katana Perps ZEC-USD+0.0096%8h1,468.4+0.084%$14K$832K10xas long as short
Paradex ZEC-USD-PERPlong+0.0100%8h1,467.2long leg$60K$39K10x
Nado ZEC-PERP+0.0100%1h1,466.9−0.022%$2.5M$6.8M10xas long as short
Hyperliquid ZECshort+0.0100%1h1,468.2+0.067%$761.2M$485.3M10x
Aster ZECUSDT+0.0100%8h1,467.7+0.032%$15.6M$32.7M75xas long as short
Pacifica ZEC+0.0100%1h1,468+0.057%$1.7M$3.0M10xas long as short
Binance ZECUSDT+0.0100%8h1,467.5+0.018%$676.1M$2.48B75xas long as short
MEXC ZEC_USDT+0.0100%8h1,467.5+0.021%$222.5M$864.5M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,467.5+0.020%$103.9M$55.8M75xas long as short
Bitget ZECUSDT+0.0100%8h1,468+0.053%$162.8M$304.9M75xas long as short
BingX ZEC-USDC+0.0100%8h1,467.4+0.013%$6.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,463.1−0.283%$510K$9.5M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,463.2−0.275%$3.0M$481K10xas long as short
StandX ZEC-USD+0.0100%1h1,465.8−0.096%$110K$4.8M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,467.4+0.013%$344K$1.9M10xas long as short
Bullet ZEC-USD+0.0100%1h1,467.3+0.003%$128K$160K20xas long as short
Derive ZEC-PERP+0.0100%1h1,466−0.085%$448K$502K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,469+0.119%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,467.5+0.016%$223K$4.5M10xas long as short
HTX ZEC-USDT+0.0100%8h1,466.2−0.068%$2.5M$23.9M75xas long as short
Phemex ZECUSDT+0.0100%8h1,468.4+0.078%$3.8M$5.3M50xas long as short
Extended ZEC-USD+0.0104%1h1,468.5+0.088%$3.3M$6.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,467.4+0.012%$37K$366K20xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0104%1h1,468.2+0.070%$597K$1.3M25xas long as short
Lighter ZEC+0.0152%1h1,468.8+0.108%$19.0M$52.6M20xas long as short
RISEx ZEC/USDC+0.0190%1h1,468.8+0.111%$845K$1.3M10xas long as short
Backpack ZEC_USDC_PERP+0.0193%1h1,468.8+0.106%$2.4M$3.8M15xas long as short
Lighter RH ZEC+0.0408%1h1,469.2+0.138%$2.0M$8.3M10xas long as short
Coinbase International ZEC-PERP-INTX+0.0424%1h1,468.7+0.101%$3.7M$11.6M50xas long as short
Arcus ZEC-USD+0.0444%1h1,469.2+0.137%$722K$8.2M10xas long as short
Aftermath Perps ZECUSD+0.0564%1h1,465.3−0.132%$41K$34K10xas long as short