Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0196%/8h= −21.4% APRpaid last 24h −0.056%

Price spread now: Kraken Futures against Paradex+0.186%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 Kraken Futures

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 pays, funding is against you. Kraken Futures is 0.186% dearer against Paradex than usual: you sell high and buy low (spread +0.186% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ZEC-USD-PERP	1,499.9	0.0100	pay 0.0100% / 8h	1h 17m	$62K	$43K	10x
Short	Kraken Futures PF_ZECUSD	1,502.6	−0.0096	pay 0.0012% / 1h	17m 17s	$18.2M	$46.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.186%Rate

Funding earned: −$41.1
Price spread: +0.186% → 0.000%: $18.62
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$36.47
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 2 min ago	3.81 bp	10.9 bp −$11	14.5 bp −$145	27.5 bp −$2,754	119.9 bp −$60.0K

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	−0.3684%	1h	1,478.1	−1.451%	$36K	$275K	12x	as long as short
Perpl ZEC	−0.0447%	43m	1,500.5	+0.042%	$61K	$304K	10x	as long as short
BloFin ZEC-USDT	−0.0158%	8h	1,495.9	−0.265%	$30.6M	$74.9M	75x	as long as short
Kraken Futures PF_ZECUSDshort	−0.0096%	1h	1,502.6	+0.186%	$18.2M	$46.5M	25x
Hotstuff ZEC-PERP	−0.0080%	1h	1,497.5	−0.160%	$6K	$1K	10x	as long as short
Bulk ZEC-USD	−0.0051%	1h	1,487.2	−0.847%	$898K	$9K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,499.7	−0.009%	$417K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,497.1	−0.182%	$1.6M	$4.6M	2.2x	as long as short
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,496.7	−0.214%	$5.3M	—	150x	as long as short
Aftermath Perps ZECUSD	+0.0063%	1h	1,489.6	−0.682%	$47K	$64K	10x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZEC_USDC	+0.0079%	8h	1,501.2	+0.089%	$302K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,500.9	+0.072%	$172K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0098%	8h	1,500.6	+0.048%	$12K	$876K	10x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,501.7	+0.120%	$2.8M	$7.2M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,500.5	+0.042%	$14.0M	$30.9M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,499.9	+0.003%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,501.3	+0.097%	$699.6M	$2.30B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,501.2	+0.088%	$268.7M	$634.4M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,501.5	+0.108%	$183.6M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,497.5	−0.157%	$406K	$522K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,501.2	+0.086%	$55.1M	$184.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,501.3	+0.097%	$247.6M	$791.9M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,500.8	+0.060%	$103.2M	$57.6M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,502.6	+0.183%	$161.7M	$289.5M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,500.5	+0.046%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,485.5	−0.955%	$48.4M	$34.5M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494.9	−0.330%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,497.4	−0.164%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,488.1	−0.782%	$410K	$942K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,496.9	−0.198%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,500.7	+0.056%	$360K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,501.4	+0.102%	$165K	$184K	20x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,503.6	+0.249%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,502.1	+0.149%	$256K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,496	−0.260%	$2.7M	$20.3M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,497.2	−0.175%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERPlong	+0.0100%	8h	1,499.9	long leg	$62K	$43K	10x
Extended ZEC-USD	+0.0104%	1h	1,502.7	+0.191%	$2.8M	$8.0M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,502.8	+0.195%	$43K	$152K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,501.1	+0.081%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,501.1	+0.083%	$939K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,501.5	+0.109%	$4.8M	$1.4M	10x	as long as short
GMX ZEC/USD [WBTC.b-USDC]	L +0.0152% / S −0.0166%	1h	1,496.6	−0.217%	$485K	—	100x	as long as short
Backpack ZEC_USDC_PERP	+0.0179%	1h	1,497.4	−0.163%	$2.4M	$3.9M	15x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0179%	1h	1,503.2	+0.223%	$686K	$1.4M	25x	as long as short
Hyperliquid ZEC	+0.0216%	1h	1,502	+0.140%	$780.8M	$443.7M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,501.2	+0.090%	$619K	$8.7M	10x	as long as short
Lighter RH ZEC	+0.0248%	1h	1,501.3	+0.098%	$2.1M	$7.4M	10x	as long as short
Lighter ZEC	+0.0296%	1h	1,501.1	+0.086%	$19.8M	$46.3M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,504.4	+0.300%	$3.7M	$10.2M	50x	as long as short