Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:40 UTC+0.0546%/8h= +59.8% APRpaid last 24h +0.022%

Price spread now: Paradex against Perpl+0.056%7-day average — · you sell dearer than you buy

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

Long on Perpl 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 airdropPerpl: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Paradex is 0.056% dearer against Perpl than usual: you sell high and buy low: +$6 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	Perpl ZEC	1,491.6	−0.0447	get 0.0040% / 43m	7m 51s	$61K	$304K	10x
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 Perpl. 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 PerplbpFee ParadexbpOrdersPrice spread, now +0.056%Rate

Funding earned: $114.71
Price spread: +0.056% → 0.000%: $5.55
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $102.46
Costs to cover: 0.178%
Break-even: 0.7 days

Slippage unknown: Perpl: no order-book sample; 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 Perpl no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Perpl and 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	−0.3684%	1h	1,481	−0.713%	$36K	$275K	12x	as long as short
Perpl ZEClong	−0.0447%	43m	1,491.6	long leg	$61K	$304K	10x
BloFin ZEC-USDT	−0.0143%	8h	1,493.6	+0.134%	$30.9M	$75.1M	75x	as long as short
Kraken Futures PF_ZECUSD	−0.0096%	1h	1,492.9	+0.088%	$18.1M	$46.5M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,493.1	+0.096%	$6K	$1K	10x	as long as short
Aftermath Perps ZECUSD	−0.0011%	1h	1,494.8	+0.215%	$48K	$64K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,493.5	+0.128%	$415K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,493.8	+0.144%	$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	+0.072%	$5.3M	—	150x	as long as short
Deribit ZEC_USDC-PERPETUAL	+0.0020%	1h	1,493.3	+0.112%	$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	+0.047%	$301K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,492.5	+0.060%	$170K	$1.8M	50x	as long as short
Katana Perps ZEC-USD	+0.0097%	8h	1,492.7	+0.072%	$12K	$876K	10x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,492.4	+0.056%	$62K	$43K	10x
Nado ZEC-PERP	+0.0100%	1h	1,493.6	+0.131%	$3.1M	$7.6M	10x	as long as short
Hyperliquid ZEC	+0.0100%	1h	1,495.1	+0.233%	$780.8M	$447.5M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,493.6	+0.131%	$13.9M	$31.1M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,493.5	+0.126%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,493.6	+0.133%	$696.2M	$2.32B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,492.2	+0.042%	$267.5M	$630.3M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,492.6	+0.068%	$182.1M	$1.34B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,494.1	+0.166%	$408K	$554K	5x	as long as short
Bulk ZEC-USD	+0.0100%	1h	1,494.2	+0.176%	$903K	$7K	10x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,494.2	+0.171%	$55.1M	$187.7M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,494.3	+0.182%	$243.2M	$800.4M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,494.3	+0.181%	$102.9M	$57.4M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,494.6	+0.199%	$160.8M	$289.7M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,492.5	+0.061%	—	$6.7M	—	as long as short
Variational Omni ZEC	+0.0100%	8h	1,495.2	+0.238%	$48.9M	$34.8M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,494.8	+0.215%	$572K	$9.0M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,496.3	+0.315%	$3.1M	$510K	10x	as long as short
ApeX Omni ZECUSDT	+0.0100%	1h	1,495.6	+0.265%	$412K	$943K	50x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,494.7	+0.204%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,492.8	+0.079%	$357K	$1.8M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,492.5	+0.060%	$164K	$184K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,493.1	+0.097%	$456K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,494.9	+0.219%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,492.8	+0.082%	$254K	$3.6M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,493.3	+0.110%	$2.7M	$20.2M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,493.8	+0.143%	$4.0M	$5.0M	50x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,494.5	+0.193%	$2.8M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,492.5	+0.060%	$43K	$151K	20x	as long as short
01 Exchange ZECUSD	+0.0120%	1h	1,492.9	+0.084%	$8K	$7K	5x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,492.7	+0.075%	$938K	$1.1M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,496.6	+0.333%	$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	+0.063%	$393K	—	100x	as long as short
Lighter RH ZEC	+0.0184%	1h	1,494.5	+0.191%	$2.1M	$7.5M	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,493.8	+0.143%	$612K	$8.8M	10x	as long as short
Lighter ZEC	+0.0248%	1h	1,494.4	+0.183%	$19.6M	$47.1M	20x	as long as short
Backpack ZEC_USDC_PERP	+0.0261%	1h	1,493.9	+0.152%	$2.3M	$3.9M	15x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,494.1	+0.169%	$3.7M	$10.1M	50x	as long as short