Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.3784%/8h= +414.3% APRpaid last 24h +0.734%

Price spread now: Paradex against Injective+0.774%7-day average — · you sell dearer than you buy

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

Long on Injective 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

Both sides work for this trade now. Funding pays +$114 a day on $10k at the current rate, and Paradex is 0.774% dearer against Injective than usual: you sell high and buy low: +$77 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ZEC/USDC PERP	1,481	−0.3684	get 0.0461% / 1h	1m 49s	$36K	$275K	12x
Short	Paradex ZEC-USD-PERP	1,492.4	0.0100	get 0.0100% / 8h	1h 01m	$62K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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 InjectivebpFee ParadexbpOrdersPrice spread, now +0.774%Rate

Funding earned: $794.62
Price spread: +0.774% → 0.000%: $77.44
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: $868.04
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Injective: live order book, 42 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 Injective live order book, 42 min ago	46.83 bp	491284.0 bp −$491.3K	4969666.0 bp −$49.70M	49458632.0 bp −$4945.86M	246450688.0 bp −$123225.34M
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 PERPlong	−0.3684%	1h	1,481	long leg	$36K	$275K	12x
Perpl ZEC	−0.0447%	43m	1,491.6	+0.718%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0143%	8h	1,493.6	+0.853%	$30.9M	$75.1M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,492.9	+0.807%	$18.1M	$46.5M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,493.1	+0.815%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0011%	1h	1,494.8	+0.935%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,490.5	+0.640%	$414K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,493.8	+0.864%	$1.5M	$4.7M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,492.7	+0.791%	$5.3M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0020%	1h	1,493.3	+0.831%	$682K	$1.4M	25x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0080%	8h	1,492.3	+0.766%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,492.5	+0.779%	$170K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,492.7	+0.791%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,492.4	+0.774%	$62K	$43K	10x
Nado ZEC-PERP	+0.0100%	1h	1,493.6	+0.850%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,492.3	+0.764%	$779.4M	$447.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,490.4	+0.636%	$13.9M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,491.3	+0.695%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,490.8	+0.666%	$694.9M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,489.9	+0.600%	$267.0M	$630.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,490.7	+0.655%	$182.1M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,494.1	+0.886%	$408K	$554K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	+0.895%	$903K	$7K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,494.2	+0.891%	$55.1M	$187.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,494.3	+0.902%	$243.2M	$800.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,494.3	+0.901%	$102.9M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,491.7	+0.720%	$160.5M	$289.8M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,492.5	+0.780%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.2	+0.958%	$48.9M	$34.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494.8	+0.935%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,496.3	+1.036%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,495.6	+0.985%	$412K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,494.7	+0.924%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,492.8	+0.798%	$357K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,492.5	+0.779%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.1	+0.816%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,494.9	+0.939%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,492.8	+0.801%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,493.3	+0.829%	$2.7M	$20.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,493.8	+0.863%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,494.5	+0.913%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,492.5	+0.779%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,492.9	+0.803%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,492.7	+0.794%	$938K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,496.6	+1.054%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0137% / S −0.0134%	1h	1,492.6	+0.782%	$393K	—	100x	as long as short
Lighter RH ZEC	+0.0176%	1h	1,492.1	+0.754%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,493.8	+0.863%	$612K	$8.8M	10x	as long as short
Lighter ZEC	+0.0240%	1h	1,492.2	+0.755%	$19.6M	$47.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0261%	1h	1,493.9	+0.872%	$2.3M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,494.1	+0.889%	$3.7M	$10.1M	50x	as long as short