Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0042%/8h= +4.7% APRpaid last 24h −0.004%

Price spread now: Deribit against Paradex−0.125%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Deribit

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. Deribit is 0.125% cheaper against Paradex than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 9.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,472.6	0.0100	pay 0.0100% / 8h	1h 06m	$61K	$39K	10x
Short	Deribit ZEC_USDC-PERPETUAL	1,470.7	0.0142	get 0.0018% / 1h	6m 34s	$598K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now −0.125%Rate

Funding earned: $8.92
Price spread: −0.125% → 0.000%: −$12.47
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$14.55
Costs to cover: 0.110%
Break-even: 18.4 days

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 2 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit live order book, 2 min ago	3.85 bp	7.3 bp −$7	13.2 bp −$132	doesn't fit	doesn't fit

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	1,469.5	−0.208%	$34K	$275K	12x	as long as short
Kraken Futures PF_ZECUSD	−0.0403%	1h	1,469.8	−0.191%	$17.9M	$44.6M	25x	as long as short
Ondo Perps ZEC-USD.P	−0.0256%	1h	1,466.9	−0.386%	$398K	$515K	5x	as long as short
BloFin ZEC-USDT	−0.0118%	8h	1,469.8	−0.192%	$29.3M	$75.6M	75x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471.3	−0.089%	$6K	$2K	10x	as long as short
Bybit ZECUSDT	−0.0075%	8h	1,472.1	−0.031%	$272.5M	$665.8M	75x	as long as short
Variational Omni ZEC	−0.0034%	8h	1,466.7	−0.400%	$46.6M	$33.4M	—	as long as short
dYdX ZEC-USD	0.0000%	1h	1,471.1	−0.104%	$414K	$104K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,469.6	−0.206%	$889K	$5.6M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,472.5	−0.004%	$84K	$404K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,470	−0.179%	$5.2M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0009%	8h	1,469.8	−0.188%	$294K	$1.4M	20x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0038% / S +0.0009%	1h	1,469.9	−0.184%	$359K	—	100x	as long as short
OKX ZEC-USDT-SWAP	+0.0040%	8h	1,472.5	−0.005%	$178.4M	$1.35B	50x	as long as short
Gate ZEC_USDT	+0.0046%	8h	1,472.5	−0.003%	$50.2M	$187.3M	75x	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,473.4	+0.058%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0075%	1h	1,468.2	−0.297%	$4.6M	$1.6M	10x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,472.9	+0.023%	$176K	$1.9M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,473.3	+0.048%	$11K	$828K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,472.6	long leg	$61K	$39K	10x
Nado ZEC-PERP	+0.0100%	1h	1,473.1	+0.038%	$2.6M	$6.8M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,473.9	+0.090%	$764.8M	$478.7M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,472.6	+0.004%	$15.6M	$32.4M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,472.3	−0.018%	$1.7M	$2.9M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,472.9	+0.023%	$679.7M	$2.47B	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,467.7	−0.329%	$906K	$27K	10x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,472.4	−0.013%	$224.2M	$872.2M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,472.7	+0.005%	$104.0M	$55.7M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,472.9	+0.018%	$163.1M	$304.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,471.6	−0.066%	—	$6.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,467.4	−0.349%	$511K	$9.3M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,468.9	−0.250%	$3.0M	$482K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,469.3	−0.226%	$431K	$826K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,470	−0.179%	$110K	$4.8M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,472.6	+0.001%	$347K	$1.9M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,469.4	−0.219%	$127K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,468.3	−0.289%	$448K	$502K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,471	−0.110%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,469.6	−0.204%	$223K	$4.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,469.1	−0.236%	$2.5M	$23.5M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,469.8	−0.192%	$3.8M	$5.3M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,472.8	+0.013%	$3.3M	$6.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,469.1	−0.239%	$37K	$366K	20x	as long as short
Lighter ZEC	+0.0120%	1h	1,473.4	+0.055%	$19.1M	$52.8M	20x	as long as short
Deribit ZEC_USDC-PERPETUALshort	+0.0142%	1h	1,470.7	−0.125%	$598K	$1.3M	25x
RISEx ZEC/USDC	+0.0190%	1h	1,473.3	+0.046%	$835K	$1.3M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0192%	1h	1,471	−0.106%	$2.4M	$3.7M	15x	as long as short
Lighter RH ZEC	+0.0408%	1h	1,473.7	+0.077%	$2.0M	$8.3M	10x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0424%	1h	1,471.2	−0.093%	$3.8M	$11.5M	50x	as long as short
Arcus ZEC-USD	+0.0444%	1h	1,473.5	+0.059%	$718K	$8.2M	10x	as long as short
Aftermath Perps ZECUSD	+0.0591%	1h	1,468.9	−0.250%	$41K	$34K	10x	as long as short