Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0088%/8h= −9.7% APRpaid last 24h −0.060%

Price spread now: Kraken Futures against Paradex+0.028%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 Kraken Futures

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. Kraken Futures is 0.028% dearer against Paradex than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,496.4	0.0100	pay 0.0100% / 8h	50m 01s	$62K	$43K	10x
Short	Kraken Futures PF_ZECUSD	1,496.8	0.0012	get 0.0001% / 1h	50m 01s	$18.2M	$46.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$18.52
Price spread: +0.028% → 0.000%: $2.83
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$29.69
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 4 min ago	2.28 bp	10.0 bp −$10	14.2 bp −$142	23.5 bp −$2,351	224.7 bp −$112.3K

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	−0.3442%	1h	1,495.7	−0.048%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,497.8	+0.092%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0156%	8h	1,498.2	+0.122%	$31.0M	$75.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,497.2	+0.050%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0056%	1h	1,494.6	−0.119%	$48K	$64K	10x	as long as short
Bulk ZEC-USD	−0.0053%	1h	1,497	+0.042%	$904K	$2K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,499.5	+0.208%	$417K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,497.5	+0.073%	$1.5M	$4.7M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,496.4	−0.002%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSDshort	+0.0012%	1h	1,496.8	+0.028%	$18.2M	$46.6M	25x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ZEC_USDC-PERPETUAL	+0.0058%	1h	1,497.3	+0.057%	$684K	$1.4M	25x	as long as short
Ondo Perps ZEC-USD.P	+0.0066%	1h	1,493.3	−0.207%	$408K	$553K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,496.4	−0.004%	$301K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,496.7	+0.018%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,497.3	+0.058%	$171K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,497.1	+0.044%	$14K	$886K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,496.4	long leg	$62K	$43K	10x
Nado ZEC-PERP	+0.0100%	1h	1,497.1	+0.048%	$3.1M	$7.7M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,498.4	+0.133%	$782.6M	$443.8M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,498	+0.108%	$14.0M	$31.2M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,497.1	+0.044%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,498.8	+0.159%	$699.7M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,497.7	+0.088%	$268.5M	$625.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,498.3	+0.125%	$182.1M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,497.1	+0.044%	$55.3M	$182.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,498.5	+0.142%	$248.7M	$788.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,498.4	+0.131%	$103.1M	$57.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,498.3	+0.127%	$161.6M	$290.3M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,498.2	+0.122%	—	$118.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,496.6	+0.013%	$49.0M	$35.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494.7	−0.117%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,491.3	−0.342%	$3.1M	$507K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,495.6	−0.056%	$412K	$947K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,497	+0.039%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,496.8	+0.026%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,496.1	−0.019%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,495.4	−0.069%	$457K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,499.5	+0.206%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,496.7	+0.020%	$255K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,496.7	+0.016%	$2.7M	$20.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,497.1	+0.044%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,498.4	+0.135%	$2.8M	$7.9M	10x	as long as short
01 Exchange ZECUSD	+0.0104%	1h	1,497.8	+0.095%	$8K	$7K	5x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496.7	+0.021%	$43K	$151K	20x	as long as short
Lighter RH ZEC	+0.0112%	1h	1,498.2	+0.119%	$2.1M	$7.3M	10x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,497.2	+0.052%	$941K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0155% / S −0.0173%	1h	1,496.4	−0.002%	$446K	—	100x	as long as short
Lighter ZEC	+0.0264%	1h	1,498.3	+0.124%	$19.7M	$44.9M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,498	+0.106%	$614K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,497.9	+0.099%	$3.7M	$10.2M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0495%	1h	1,497.5	+0.074%	$2.3M	$3.9M	15x	as long as short