Funding arb · Price arb /

ZEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: Paradex against Aster−0.025%49s7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.025% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZECUSDT	1,456.4	0.0100	pay 0.0100% / 8h	3h 28m	$14.5M	$28.0M	75x
Short	Paradex ZEC-USD-PERP	1,456	0.0100	get 0.0100% / 8h	3h 28m	$60K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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 AsterbpFee ParadexbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → 0.000%: −$2.53
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$14.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 6 min ago; 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 Aster live order book, 6 min ago	0.03 bp	8.2 bp −$8	9.7 bp −$97	17.5 bp −$1,752	99.4 bp −$49.7K
Sell Paradex no order-book sample	—	—	—	—	—

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	−0.3042%	1h	1,457.6	+0.086%	$34K	$272K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,456.4	+0.002%	$6K	$1K	10x	as long as short
BloFin ZEC-USDT	−0.0070%	8h	1,456.1	−0.019%	$29.4M	$70.7M	75x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,456.3	−0.004%	$410K	$36K	5x	as long as short
Perpl ZEC	0.0000%	43m	1,455.4	−0.068%	$83K	$239K	10x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,456.1	−0.019%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0063%	8h	1,455.8	−0.038%	$291K	$944K	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0083% / S −0.0034%	1h	1,456.1	−0.022%	$434K	—	100x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,456.5	+0.009%	$174K	$1.7M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,456.3	−0.002%	$14K	$820K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,456	−0.025%	$60K	$43K	10x
Nado ZEC-PERP	+0.0100%	1h	1,456	−0.022%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDTlong	+0.0100%	8h	1,456.4	long leg	$14.5M	$28.0M	75x
Pacifica ZEC	+0.0100%	1h	1,456.5	+0.008%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,457	+0.042%	$670.3M	$2.19B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,456.1	−0.020%	$261.0M	$599.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,456.5	+0.005%	$178.7M	$1.22B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,455.7	−0.046%	$395K	$434K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,453.9	−0.172%	$878K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,455.9	−0.035%	$51.3M	$171.5M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,456.5	+0.005%	$218.7M	$769.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,456.9	+0.036%	$102.8M	$53.5M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,456.6	+0.014%	$165.7M	$270.2M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,456.5	+0.010%	—	$105.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,457	+0.044%	$47.8M	$32.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,456.6	+0.016%	$567K	$8.5M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,456.7	+0.022%	$3.0M	$463K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,457.4	+0.070%	$403K	$944K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,456.5	+0.010%	$49K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,456.2	−0.012%	$353K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,456.1	−0.016%	$160K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,454.6	−0.120%	$444K	$521K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,458.2	+0.128%	$3K	$1.1M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,456	−0.029%	$233K	$3.2M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,455.7	−0.046%	$2.7M	$18.4M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,456.4	+0.002%	$3.8M	$4.9M	50x	as long as short
Lighter RH ZEC	+0.0104%	1h	1,457.4	+0.068%	$2.1M	$7.0M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,456.2	−0.013%	$2.8M	$7.7M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,455.7	−0.046%	$47K	$151K	20x	as long as short
Phoenix ZEC	+0.0116%	1h	1,455	−0.094%	$4.6M	$1.3M	10x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,456.8	+0.032%	$8K	$7K	5x	as long as short
Kalshi KXZECPERP	+0.0142%	8h	1,456.7	+0.020%	$1.5M	$4.4M	2.2x	as long as short
Lighter ZEC	+0.0144%	1h	1,457.4	+0.068%	$19.2M	$45.0M	20x	as long as short
Hyperliquid ZEC	+0.0146%	1h	1,457.6	+0.084%	$758.8M	$426.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0160%	1h	1,456.8	+0.026%	$2.4M	$3.8M	15x	as long as short
RISEx ZEC/USDC	+0.0216%	1h	1,456.2	−0.011%	$921K	$1.1M	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0218%	1h	1,456.4	0.000%	$613K	$1.3M	25x	as long as short
Kraken Futures PF_ZECUSD	+0.0333%	1h	1,455.8	−0.040%	$18.0M	$45.3M	25x	as long as short
Arcus ZEC-USD	+0.0344%	1h	1,458	+0.112%	$697K	$8.2M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0464%	1h	1,459.7	+0.227%	$3.8M	$9.1M	50x	as long as short
Aftermath Perps ZECUSD	+0.0672%	1h	1,455.8	−0.038%	$45K	$49K	10x	as long as short