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

ZEC

all ZEC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:40 UTC−0.0546%/8h= −59.8% APRpaid last 24h −0.022%
Price spread now: Perpl against Paradex−0.080%7-day average · you buy dearer than you sell
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 · Perpl: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Perpl is 0.080% cheaper against Paradex than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ZEC-USD-PERP1,491.70.0100pay 0.0100% / 8h1h 00m$61K$43K10x
ShortPerpl ZEC1,490.5−0.0447pay 0.0040% / 43m6m 16s$61K$304K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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
−$114.71
Price spread: −0.080% → 0.000%
−$7.97
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$140.48
Costs to cover
0.178%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; Perpl: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Perpl no order-book sample
Paradex and Perpl: 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−0.3684%1h1,481−0.720%$36K$275K12xas long as short
Perpl ZECshort−0.0447%43m1,490.5−0.080%$61K$304K10x
BloFin ZEC-USDT−0.0144%8h1,491.1−0.041%$30.8M$75.0M75xas long as short
Kraken Futures PF_ZECUSD−0.0096%1h1,491.8+0.004%$18.1M$46.6M25xas long as short
Hotstuff ZEC-PERP−0.0080%1h1,493.1+0.089%$6K$1K10xas long as short
Aftermath Perps ZECUSD−0.0020%1h1,493.6+0.126%$48K$64K10xas long as short
dYdX ZEC-USD0.0000%1h1,490.1−0.110%$414K$35K5xas long as short
Kalshi KXZECPERP0.0000%8h1,491.3−0.027%$1.5M$4.7M2.2xas long as short
gTrade (Gains Network) ZEC/USDL +0.0007% / S −0.0006%1h1,490.8−0.059%$5.3M150xas long as short
Deribit ZEC_USDC-PERPETUAL+0.0070%1h1,492.3+0.037%$681K$1.4M25xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ZEC_USDC+0.0081%8h1,491.2−0.037%$300K$1.1M20xas long as short
Bulk ZEC-USD+0.0085%1h1,492.9+0.080%$902K$7K10xas long as short
Popdex ZECUSDT+0.0096%1h1,490.9−0.054%$170K$1.8M50xas long as short
Katana Perps ZEC-USD+0.0098%8h1,490.9−0.058%$12K$876K10xas long as short
Paradex ZEC-USD-PERPlong+0.0100%8h1,491.7long leg$61K$43K10x
Nado ZEC-PERP+0.0100%1h1,491.9+0.013%$3.1M$7.7M10xas long as short
Hyperliquid ZEC+0.0100%1h1,491.5−0.015%$778.7M$447.7M10xas long as short
Aster ZECUSDT+0.0100%8h1,490.3−0.095%$13.9M$31.1M75xas long as short
Pacifica ZEC+0.0100%1h1,491.1−0.038%$1.7M$2.4M10xas long as short
Binance ZECUSDT+0.0100%8h1,491−0.051%$694.9M$2.32B75xas long as short
Bybit ZECUSDT+0.0100%8h1,490.9−0.056%$267.1M$630.3M75xas long as short
OKX ZEC-USDT-SWAP+0.0100%8h1,491.5−0.015%$181.4M$1.34B50xas long as short
Ondo Perps ZEC-USD.P+0.0100%1h1,494.1+0.160%$407K$554K5xas long as short
Gate ZEC_USDT+0.0100%8h1,490.5−0.080%$55.0M$187.9M75xas long as short
MEXC ZEC_USDT+0.0100%8h1,490.8−0.064%$241.9M$801.3M150xas long as short
KuCoin ZECUSDTM+0.0100%8h1,490.7−0.067%$102.6M$57.3M75xas long as short
Bitget ZECUSDT+0.0100%8h1,491.3−0.025%$160.4M$289.6M75xas long as short
BingX ZEC-USDC+0.0100%8h1,490.2−0.102%$6.7Mas long as short
Variational Omni ZEC+0.0100%8h1,489.9−0.122%$48.8M$34.7Mas long as short
edgeX ZECUSDC+0.0100%4h1,494.8+0.204%$572K$9.0M20xas long as short
GRVT ZEC_USDT_Perp+0.0100%8h1,493.7+0.134%$3.1M$510K10xas long as short
ApeX Omni ZECUSDT+0.0100%1h1,495.6+0.258%$412K$943K50xas long as short
StandX ZEC-USD+0.0100%1h1,493.5+0.119%$56K$4.6M30xas long as short
Polymarket Perps ZEC-USD+0.0100%1h1,490.7−0.068%$357K$1.8M10xas long as short
Bullet ZEC-USD+0.0100%1h1,491−0.050%$164K$184K20xas long as short
Derive ZEC-PERP+0.0100%1h1,493.1+0.091%$456K$500K6.7xas long as short
SunX ZEC-USDT+0.0100%8h1,493.5+0.116%$3K$1.2M20xas long as short
SoDEX ZEC-USD+0.0100%1h1,491.2−0.033%$254K$3.6M10xas long as short
HTX ZEC-USDT+0.0100%8h1,492+0.022%$2.7M$20.1M75xas long as short
Phemex ZECUSDT+0.0100%8h1,491.6−0.007%$4.0M$5.0M50xas long as short
Extended ZEC-USD+0.0104%1h1,491.2−0.033%$2.7M$7.9M10xas long as short
Aevo ZEC-PERP+0.0104%1h1,491.3−0.030%$43K$151K20xas long as short
01 Exchange ZECUSD+0.0112%1h1,491.6−0.009%$8K$7K5xas long as short
RISEx ZEC/USDC+0.0129%1h1,491.5−0.016%$939K$1.1M10xas long as short
Phoenix ZEC+0.0134%1h1,496.6+0.327%$4.8M$1.4M10xas long as short
GMX ZEC/USD [WBTC.b-USDC]L +0.0138% / S −0.0135%1h1,490.9−0.058%$392K100xas long as short
Lighter RH ZEC+0.0176%1h1,492.8+0.073%$2.1M$7.5M10xas long as short
Arcus ZEC-USD+0.0221%1h1,492.4+0.043%$621K$8.8M10xas long as short
Lighter ZEC+0.0248%1h1,492.9+0.080%$19.6M$47.1M20xas long as short
Backpack ZEC_USDC_PERP+0.0262%1h1,491.4−0.021%$2.3M$3.9M15xas long as short
Coinbase International ZEC-PERP-INTX+0.0480%1h1,493+0.086%$3.7M$10.1M50xas long as short