Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.078%

Price spread now: Paradex against Coinbase International+0.013%7-day average — · you sell dearer than you buy

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

Long on Coinbase International 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: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ZEC-PERP-INTX	1,505.2	0.0416	pay 0.0052% / 1h	16m 49s	$3.7M	$9.8M	50x
Short	Paradex ZEC-USD-PERP	1,505.4	0.0100	get 0.0100% / 8h	16m 49s	$62K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$66.39
Price spread: +0.013% → 0.000%: $1.27
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$79.12
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	6.68 bp	12.4 bp −$12	18.7 bp −$187	52.1 bp −$5,214	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	−0.3442%	1h	1,479.6	−1.701%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,504	−0.077%	$62K	$303K	10x	as long as short
BloFin ZEC-USDT	−0.0158%	8h	1,505.2	−0.001%	$31.3M	$76.1M	75x	as long as short
Bulk ZEC-USD	−0.0108%	1h	1,495.7	−0.630%	$810K	$100K	10x	as long as short
Aftermath Perps ZECUSD	−0.0101%	1h	1,498.6	−0.435%	$48K	$58K	10x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,503.3	−0.128%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,505.2	0.000%	$418K	$34K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,505.5	+0.019%	$1.5M	$4.4M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,505.4	+0.013%	$5.4M	—	150x	as long as short
Kraken Futures PF_ZECUSD	+0.0012%	1h	1,505.7	+0.032%	$18.1M	$47.1M	25x	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	+0.0050%	1h	1,498	−0.478%	$408K	$555K	5x	as long as short
Orderly PERP_ZEC_USDC	+0.0083%	8h	1,505.2	+0.002%	$303K	$864K	20x	as long as short
01 Exchange ZECUSD	+0.0088%	1h	1,505.4	+0.015%	$8K	$6K	5x	as long as short
Phoenix ZEC	+0.0096%	1h	1,496	−0.610%	$4.8M	$1.4M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,505.2	0.000%	$183K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,505.3	+0.007%	$12K	$891K	10x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,505.4	+0.013%	$62K	$20K	10x
Nado ZEC-PERP	+0.0100%	1h	1,505.6	+0.026%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,505.8	+0.041%	$786.6M	$439.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,506.5	+0.088%	$14.1M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,505.8	+0.038%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,506.8	+0.104%	$704.9M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,506.5	+0.090%	$271.0M	$618.1M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,506.6	+0.094%	$184.1M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,507.1	+0.124%	$57.6M	$186.0M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,507.2	+0.131%	$242.9M	$804.5M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,505.9	+0.047%	$103.4M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,507.3	+0.141%	$162.9M	$289.4M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,507.1	+0.124%	—	$117.6M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.2	−0.665%	$48.9M	$34.4M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,501.5	−0.246%	$575K	$9.1M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,503.1	−0.142%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,504.4	−0.055%	$414K	$946K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,503.4	−0.117%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,505.2	+0.001%	$361K	$1.6M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,505.4	+0.012%	$165K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,502.7	−0.165%	$459K	$469K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,507.4	+0.144%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,505.2	−0.001%	$255K	$3.4M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,504.1	−0.071%	$2.7M	$20.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,505.6	+0.025%	$4.0M	$4.9M	50x	as long as short
Lighter RH ZEC	+0.0104%	1h	1,506.6	+0.096%	$2.1M	$7.4M	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,507.2	+0.134%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,505.5	+0.019%	$43K	$151K	20x	as long as short
RISEx ZEC/USDC	+0.0128%	1h	1,505.5	+0.020%	$948K	$1.1M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0146% / S −0.0144%	1h	1,505.5	+0.021%	$335K	—	100x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0187%	1h	1,506.2	+0.069%	$688K	$1.4M	25x	as long as short
Lighter ZEC	+0.0208%	1h	1,506.7	+0.099%	$20.0M	$45.8M	20x	as long as short
Arcus ZEC-USD	+0.0403%	1h	1,505.9	+0.046%	$609K	$8.8M	10x	as long as short
Coinbase International ZEC-PERP-INTXlong	+0.0416%	1h	1,505.2	long leg	$3.7M	$9.8M	50x
Backpack ZEC_USDC_PERP	+0.0514%	1h	1,505.9	+0.047%	$2.3M	$3.8M	15x	as long as short