Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0320%/8h= +35.1% APRpaid last 24h −0.114%

Price spread now: Paradex against Aftermath Perps−0.064%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps 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

Funding pays, the price is against you. Paradex is 0.064% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 16 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps ZECUSD	1,505.1	−0.0220	get 0.0028% / 1h	26m 11s	$48K	$58K	10x
Short	Paradex ZEC-USD-PERP	1,504.2	0.0100	get 0.0100% / 8h	7h 26m	$62K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aftermath Perps. 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 Aftermath PerpsbpFee ParadexbpOrdersPrice spread, now −0.064%Rate

Funding earned: $67.22
Price spread: −0.064% → 0.000%: −$6.41
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: $47.82
Costs to cover: 0.130%
Break-even: 2.0 days

Slippage unknown: Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Aftermath Perps 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	−0.3702%	1h	1,491.4	−0.912%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,507.1	+0.132%	$62K	$305K	10x	as long as short
Aftermath Perps ZECUSDlong	−0.0220%	1h	1,505.1	long leg	$48K	$58K	10x
BloFin ZEC-USDT	−0.0160%	8h	1,505.1	−0.005%	$31.8M	$76.5M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,506.4	+0.080%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,507.8	+0.173%	$419K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,507.2	+0.136%	$1.6M	$5.0M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,501.9	−0.217%	$5.3M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0019%	1h	1,507.3	+0.144%	$18.4M	$47.7M	25x	as long as short
01 Exchange ZECUSD	+0.0024%	1h	1,508.6	+0.229%	$8K	$6K	5x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix ZEC	+0.0082%	1h	1,504.2	−0.065%	$4.8M	$1.4M	10x	as long as short
Orderly PERP_ZEC_USDC	+0.0084%	8h	1,507.3	+0.141%	$304K	$860K	20x	as long as short
Gate ZEC_USDT	+0.0088%	8h	1,508	+0.191%	$60.8M	$186.2M	75x	as long as short
Lighter ZEC	+0.0096%	1h	1,508.4	+0.213%	$19.5M	$45.2M	20x	as long as short
Lighter RH ZEC	+0.0096%	1h	1,508.5	+0.221%	$2.1M	$7.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,508.6	+0.232%	$172K	$1.8M	50x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,504.2	−0.064%	$62K	$16K	10x
Katana Perps ZEC-USD	+0.0100%	8h	1,507.9	+0.184%	$16K	$893K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,509.1	+0.261%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,508.3	+0.210%	$788.9M	$447.4M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,506.8	+0.111%	$14.2M	$30.3M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,504	−0.076%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,507.4	+0.147%	$711.2M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,507.2	+0.139%	$270.3M	$617.8M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,507.7	+0.169%	$184.2M	$1.37B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,504.9	−0.016%	$409K	$548K	5x	as long as short
Arcus ZEC-USD	+0.0100%	1h	1,508.8	+0.240%	$604K	$9.0M	10x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,503.8	−0.092%	$774K	$147K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,507.9	+0.180%	$406.7M	$836.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,508.3	+0.211%	$103.1M	$57.0M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,507.4	+0.150%	$163.2M	$294.9M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,507.7	+0.167%	—	$120.3M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,502.5	−0.173%	$49.7M	$36.0M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,503.3	−0.123%	$554K	$9.2M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,502.7	−0.160%	$3.1M	$533K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,503.6	−0.105%	$413K	$952K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,505.4	+0.019%	$50K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,508.7	+0.236%	$375K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,507.7	+0.173%	$168K	$192K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502	−0.208%	$449K	$419K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,510.5	+0.356%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,505.6	+0.031%	$255K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,506.1	+0.061%	$2.7M	$21.1M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,507.9	+0.184%	$4.0M	$4.9M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,506.9	+0.117%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,507.6	+0.161%	$45K	$153K	20x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0152%	1h	1,508.1	+0.193%	$690K	$1.3M	25x	as long as short
RISEx ZEC/USDC	+0.0157%	1h	1,508.2	+0.200%	$953K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0161% / S −0.0165%	1h	1,506.8	+0.112%	$334K	—	100x	as long as short
Backpack ZEC_USDC_PERP	+0.0240%	1h	1,505.2	+0.005%	$2.4M	$3.8M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0368%	1h	1,506.6	+0.094%	$3.8M	$10.1M	50x	as long as short