Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Paradex+0.030%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, funding is against you. gTrade (Gains Network) is 0.030% dearer against Paradex than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,470.8	0.0100	pay 0.0100% / 8h	6h 15m	$61K	$39K	10x
Short	gTrade (Gains Network) ZEC/USD	1,471.3	L +0.0007% / S −0.0006%	get 0.0001% / 1h	15m 36s	$5.2M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.030%Rate

Funding earned: −$19.66
Price spread: +0.030% → 0.000%: $3
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$30.66
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 3 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago	130.04 bp	135.0 bp −$135	584.7 bp −$5,847	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 50 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	−0.3678%	1h	1,459.6	−0.765%	$34K	$274K	12x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,471	+0.013%	$6K	$1K	10x	as long as short
Ondo Perps ZEC-USD.P	−0.0017%	1h	1,472.5	+0.115%	$399K	$516K	5x	as long as short
Kraken Futures PF_ZECUSD	−0.0002%	1h	1,471.4	+0.039%	$18.1M	$43.8M	25x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,470.5	−0.020%	$414K	$53K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,474.5	+0.251%	$975K	$4.9M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,470.5	−0.018%	$84K	$254K	10x	as long as short
gTrade (Gains Network) ZEC/USDshort	L +0.0007% / S −0.0006%	1h	1,471.3	+0.030%	$5.2M	—	150x
Deribit ZEC_USDC-PERPETUAL	+0.0025%	1h	1,471.7	+0.059%	$612K	$1.3M	25x	as long as short
Orderly PERP_ZEC_USDC	+0.0030%	8h	1,470.9	+0.006%	$294K	$1.0M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX ZEC/USD [WBTC.b-USDC]	L +0.0055% / S −0.0009%	1h	1,471.3	+0.032%	$385K	—	100x	as long as short
Variational Omni ZEC	+0.0062%	8h	1,470.6	−0.013%	$48.0M	$32.7M	—	as long as short
01 Exchange ZECUSD	+0.0064%	1h	1,471	+0.013%	$8K	$8K	5x	as long as short
Phoenix ZEC	+0.0070%	1h	1,473.2	+0.161%	$4.7M	$1.5M	10x	as long as short
OKX ZEC-USDT-SWAP	+0.0096%	8h	1,471	+0.014%	$181.1M	$1.27B	50x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,470.7	−0.005%	$173K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0100%	8h	1,470.6	−0.016%	$9K	$843K	10x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,470.8	long leg	$61K	$39K	10x
Nado ZEC-PERP	+0.0100%	1h	1,471.2	+0.029%	$2.6M	$6.5M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,472.4	+0.108%	$767.0M	$443.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,470.5	−0.021%	$14.8M	$30.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,471.4	+0.043%	$1.7M	$2.7M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,470.8	−0.003%	$680.5M	$2.31B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,470.7	−0.006%	$271.6M	$615.4M	75x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,472.8	+0.134%	$894K	$18K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,470.5	−0.020%	$50.1M	$176.3M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,470.8	−0.001%	$215.7M	$801.3M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,470.9	+0.006%	$103.3M	$56.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,471.3	+0.031%	$163.4M	$282.0M	75x	as long as short
BingX ZEC-USDT	+0.0100%	8h	1,471	+0.015%	—	$100.6M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,473.6	+0.190%	$574K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,474.3	+0.234%	$3.0M	$453K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,474.1	+0.223%	$429K	$895K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,472.1	+0.089%	$71K	$4.7M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,471	+0.013%	$346K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,471.3	+0.036%	$128K	$160K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,469.7	−0.074%	$457K	$511K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,474.2	+0.231%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,470.9	+0.003%	$242K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,472.2	+0.094%	$2.5M	$18.7M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,471.6	+0.054%	$3.9M	$5.4M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,470.9	+0.005%	$3.2M	$7.1M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,470.9	+0.005%	$48K	$162K	20x	as long as short
Lighter ZEC	+0.0240%	1h	1,472.5	+0.114%	$19.2M	$48.2M	20x	as long as short
Arcus ZEC-USD	+0.0254%	1h	1,472.4	+0.107%	$695K	$8.6M	10x	as long as short
Lighter RH ZEC	+0.0288%	1h	1,472.8	+0.133%	$2.1M	$7.1M	10x	as long as short
RISEx ZEC/USDC	+0.0374%	1h	1,471.5	+0.045%	$865K	$1.0M	10x	as long as short
Backpack ZEC_USDC_PERP	+0.0459%	1h	1,471	+0.011%	$2.5M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0472%	1h	1,473	+0.150%	$3.6M	$9.3M	50x	as long as short
Aftermath Perps ZECUSD	+0.0746%	1h	1,473.5	+0.180%	$44K	$46K	10x	as long as short