Funding you earn now, next payment 23:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.004%
Price spread now: Paradex against Backpack−0.005%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ZEC_USDC_PERP | 1,466.6 | 0.0185 | pay 0.0023% / 1h | 26m 20s | $2.4M | $3.8M | 15x |
| Short | Paradex ZEC-USD-PERP | 1,466.6 | 0.0100 | get 0.0100% / 8h | 1h 26m | $60K | $39K | 10x |
Backpack ZEC_USDC_PERP
Paradex ZEC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.82
- Price spread: −0.005% → 0.000%
- −$0.46
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$32.28
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 3 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 Backpack live order book, 3 min ago | 0.03 bp | 5.9 bp −$6 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| 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 | −0.3310% | 1h | 1,463.6 | −0.206% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSD | −0.0404% | 1h | 1,466.3 | −0.019% | $17.8M | $44.7M | 25x | as long as short |
| Ondo Perps ZEC-USD.P | −0.0216% | 1h | 1,462 | −0.315% | $397K | $514K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0097% | 8h | 1,466.4 | −0.014% | $29.3M | $75.5M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,466.2 | −0.031% | $6K | $2K | 10x | as long as short |
| Bulk ZEC-USD | −0.0065% | 1h | 1,462.1 | −0.308% | $902K | $27K | 10x | as long as short |
| Bybit ZECUSDT | −0.0056% | 8h | 1,466.8 | +0.015% | $272.0M | $667.4M | 75x | as long as short |
| Variational Omni ZEC | −0.0026% | 8h | 1,463 | −0.250% | $46.5M | $33.7M | — | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,466.6 | −0.003% | $413K | $104K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,467.9 | +0.087% | $887K | $5.6M | 2.2x | as long as short |
Injective ZEC/USDC PERP
Kraken Futures PF_ZECUSD
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Bulk ZEC-USD
Bybit ZECUSDT
Variational Omni ZEC
dYdX ZEC-USD
Kalshi KXZECPERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl ZEC | 0.0000% | 43m | 1,467.2 | +0.038% | $83K | $404K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,467.6 | +0.069% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0013% | 8h | 1,467.4 | +0.050% | $293K | $1.4M | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0037% / S +0.0009% | 1h | 1,467.6 | +0.065% | $356K | — | 100x | as long as short |
| Gate ZEC_USDT | +0.0051% | 8h | 1,467.3 | +0.047% | $50.0M | $185.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0052% | 8h | 1,467.5 | +0.063% | $176.9M | $1.35B | 50x | as long as short |
| 01 Exchange ZECUSD | +0.0064% | 1h | 1,467.5 | +0.057% | $8K | $8K | 5x | as long as short |
| ApeX Omni ZECUSDT | +0.0070% | 1h | 1,463.9 | −0.186% | $430K | $821K | 50x | as long as short |
| Phoenix ZEC | +0.0075% | 1h | 1,464.5 | −0.147% | $4.6M | $1.6M | 10x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,467.3 | +0.046% | $174K | $1.9M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0096% | 8h | 1,467.7 | +0.076% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERPshort | +0.0100% | 8h | 1,466.6 | −0.005% | $60K | $39K | 10x | |
| Nado ZEC-PERP | +0.0100% | 1h | 1,466.9 | +0.019% | $2.5M | $6.8M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,468.5 | +0.128% | $761.4M | $485.2M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,467.1 | +0.035% | $15.6M | $32.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,466.9 | +0.018% | $1.7M | $3.0M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,467.5 | +0.059% | $676.1M | $2.48B | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,467.4 | +0.050% | $222.4M | $864.2M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,467.5 | +0.060% | $103.9M | $55.8M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,467.3 | +0.048% | $162.4M | $305.0M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,467.3 | +0.047% | — | $103.1M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,463.1 | −0.243% | $510K | $9.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,463.2 | −0.235% | $3.0M | $481K | 10x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,465.8 | −0.056% | $110K | $4.8M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,467.4 | +0.053% | $344K | $1.9M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,467.3 | +0.043% | $128K | $160K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,464.2 | −0.162% | $447K | $502K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,467 | +0.027% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,466.2 | −0.029% | $222K | $4.5M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,465.6 | −0.070% | $2.5M | $23.9M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,466.7 | +0.005% | $3.8M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,466.7 | +0.004% | $3.2M | $6.9M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,466.6 | 0.000% | $37K | $366K | 20x | as long as short |
| Lighter ZEC | +0.0152% | 1h | 1,468.1 | +0.100% | $19.0M | $52.6M | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0170% | 1h | 1,467.2 | +0.037% | $597K | $1.3M | 25x | as long as short |
| Backpack ZEC_USDC_PERPlong | +0.0185% | 1h | 1,466.6 | long leg | $2.4M | $3.8M | 15x | |
| RISEx ZEC/USDC | +0.0190% | 1h | 1,467.2 | +0.036% | $844K | $1.3M | 10x | as long as short |
| Lighter RH ZEC | +0.0400% | 1h | 1,468.5 | +0.128% | $2.0M | $8.3M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0424% | 1h | 1,467.9 | +0.084% | $3.7M | $11.6M | 50x | as long as short |
| Arcus ZEC-USD | +0.0444% | 1h | 1,467.6 | +0.066% | $726K | $8.2M | 10x | as long as short |
| Aftermath Perps ZECUSD | +0.0564% | 1h | 1,465.3 | −0.091% | $41K | $34K | 10x | as long as short |
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Gate ZEC_USDT
OKX ZEC-USDT-SWAP
01 Exchange ZECUSD
ApeX Omni ZECUSDT
Phoenix ZEC
Popdex ZECUSDT
Katana Perps ZEC-USD
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Lighter ZEC
Deribit ZEC_USDC-PERPETUAL
RISEx ZEC/USDC
Lighter RH ZEC
Coinbase International ZEC-PERP-INTX
Arcus ZEC-USD
Aftermath Perps ZECUSD