Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.018%

Price spread now: Paradex against 01 Exchange+0.018%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZECUSD	1,495	0.0112	pay 0.0014% / 1h	35m 26s	$8K	$6K	5x
Short	Paradex ZEC-USD-PERP	1,495.3	0.0100	get 0.0100% / 8h	35m 26s	$62K	$28K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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 01 ExchangebpFee ParadexbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$2.56
Price spread: +0.018% → 0.000%: $1.76
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$11.8
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

01 Exchange and 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	1,504.2	+0.613%	$37K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,492	−0.201%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0153%	8h	1,495.9	+0.058%	$30.8M	$75.6M	75x	as long as short
Aftermath Perps ZECUSD	−0.0081%	1h	1,500	+0.331%	$48K	$59K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,495.4	+0.026%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,496	+0.066%	$416K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,497.4	+0.162%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,496.6	+0.106%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,497.2	+0.144%	$18.0M	$47.2M	25x	as long as short
Bulk ZEC-USD	+0.0021%	1h	1,505.9	+0.727%	$910K	$2K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZEC-USD.P	+0.0023%	1h	1,494	−0.068%	$408K	$560K	5x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0066%	1h	1,497.4	+0.158%	$684K	$1.4M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,496.6	+0.103%	$301K	$1.1M	20x	as long as short
Phoenix ZEC	+0.0096%	1h	1,498.3	+0.219%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,494.5	−0.035%	$175K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,495.1	+0.003%	$16K	$878K	10x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,495.3	+0.018%	$62K	$28K	10x
Nado ZEC-PERP	+0.0100%	1h	1,493.4	−0.110%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,495.6	+0.039%	$781.3M	$444.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,494.2	−0.054%	$14.0M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,495.9	+0.058%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,494.7	−0.024%	$699.6M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,494.1	−0.062%	$268.5M	$623.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,492.2	−0.186%	$183.7M	$1.34B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,495.2	+0.013%	$56.0M	$183.9M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,495.4	+0.024%	$237.0M	$796.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,495.8	+0.051%	$102.9M	$57.2M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,492.7	−0.157%	$161.2M	$290.1M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,495.3	+0.019%	—	$118.3M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.9	+0.056%	$48.8M	$34.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,496.6	+0.105%	$573K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503.3	+0.555%	$3.1M	$507K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,495.2	+0.013%	$412K	$947K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,496	+0.062%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,494.2	−0.055%	$357K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,496.5	+0.101%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,495.4	+0.024%	$457K	$489K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,499	+0.267%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,496.5	+0.100%	$253K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,495.6	+0.035%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,496.6	+0.104%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,495.4	+0.028%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,496.7	+0.115%	$43K	$151K	20x	as long as short
01 Exchange ZECUSDlong	+0.0112%	1h	1,495	long leg	$8K	$6K	5x
Lighter RH ZEC	+0.0120%	1h	1,497.1	+0.138%	$2.1M	$7.4M	10x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,495.1	+0.003%	$941K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0146% / S −0.0154%	1h	1,496.5	+0.102%	$360K	—	100x	as long as short
Lighter ZEC	+0.0200%	1h	1,497.2	+0.144%	$19.8M	$45.5M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,496	+0.062%	$612K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0416%	1h	1,497.9	+0.194%	$3.7M	$10.1M	50x	as long as short
Backpack ZEC_USDC_PERP	+0.0552%	1h	1,496.8	+0.120%	$2.3M	$3.9M	15x	as long as short