Funding arb · Price arb /

ZEC

all ZEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.019%

Price spread now: Paradex against 01 Exchange+0.064%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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

The price spread pays, funding is against you. Paradex is 0.064% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange ZECUSD	1,482.9	0.0112	pay 0.0014% / 1h	48m 14s	$8K	$7K	5x
Short	Paradex ZEC-USD-PERP	1,483.9	0.0100	get 0.0100% / 8h	1h 48m	$61K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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 01 ExchangebpFee ParadexbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$2.49
Price spread: +0.064% → 0.000%: $6.38
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.11
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

01 Exchange 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	1,491.6	+0.583%	$34K	$273K	12x	as long as short
ApeX Omni ZECUSDT	−0.0140%	1h	1,485.7	+0.188%	$411K	$932K	50x	as long as short
BloFin ZEC-USDT	−0.0118%	8h	1,484.5	+0.104%	$30.7M	$73.8M	75x	as long as short
Bulk ZEC-USD	−0.0097%	1h	1,490.7	+0.521%	$901K	$15K	10x	as long as short
Kraken Futures PF_ZECUSD	−0.0097%	1h	1,484	+0.069%	$18.0M	$46.5M	25x	as long as short
Hotstuff ZEC-PERP	−0.0080%	1h	1,484.2	+0.088%	$6K	$1K	10x	as long as short
dYdX ZEC-USD	0.0000%	1h	1,483.9	+0.063%	$412K	$35K	5x	as long as short
Kalshi KXZECPERP	0.0000%	8h	1,486.1	+0.212%	$1.6M	$4.7M	2.2x	as long as short
Perpl ZEC	0.0000%	43m	1,482.1	−0.053%	$61K	$297K	10x	as long as short
Deribit ZEC_USDC-PERPETUAL	0.0000%	1h	1,484.2	+0.086%	$706K	$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
gTrade (Gains Network) ZEC/USD	L +0.0007% / S −0.0006%	1h	1,482.9	−0.003%	$5.3M	—	150x	as long as short
Orderly PERP_ZEC_USDC	+0.0073%	8h	1,483.6	+0.046%	$298K	$1.1M	20x	as long as short
Popdex ZECUSDT	+0.0096%	1h	1,482.8	−0.007%	$157K	$1.7M	50x	as long as short
Nado ZEC-PERP	+0.0100%	1h	1,483.7	+0.053%	$2.8M	$6.6M	10x	as long as short
Aster ZECUSDT	+0.0100%	8h	1,482.8	−0.007%	$14.1M	$30.8M	75x	as long as short
Pacifica ZEC	+0.0100%	1h	1,484	+0.070%	$1.7M	$2.4M	10x	as long as short
Binance ZECUSDT	+0.0100%	8h	1,483.3	+0.023%	$690.4M	$2.29B	75x	as long as short
Bybit ZECUSDT	+0.0100%	8h	1,483.5	+0.036%	$269.7M	$627.5M	75x	as long as short
OKX ZEC-USDT-SWAP	+0.0100%	8h	1,483.5	+0.040%	$179.7M	$1.31B	50x	as long as short
Ondo Perps ZEC-USD.P	+0.0100%	1h	1,480.8	−0.144%	$405K	$505K	5x	as long as short
Gate ZEC_USDT	+0.0100%	8h	1,483.2	+0.018%	$54.1M	$180.1M	75x	as long as short
MEXC ZEC_USDT	+0.0100%	8h	1,483.1	+0.009%	$233.6M	$775.6M	150x	as long as short
KuCoin ZECUSDTM	+0.0100%	8h	1,482.7	−0.017%	$101.7M	$56.8M	75x	as long as short
Bitget ZECUSDT	+0.0100%	8h	1,483.7	+0.053%	$160.1M	$288.0M	75x	as long as short
BingX ZEC-USDC	+0.0100%	8h	1,482.3	−0.044%	—	$6.7M	—	as long as short
Backpack ZEC_USDC_PERP	+0.0100%	1h	1,485.5	+0.170%	$2.3M	$3.9M	15x	as long as short
Variational Omni ZEC	+0.0100%	8h	1,483	+0.003%	$48.4M	$33.7M	—	as long as short
edgeX ZECUSDC	+0.0100%	4h	1,488.1	+0.351%	$569K	$8.9M	20x	as long as short
GRVT ZEC_USDT_Perp	+0.0100%	8h	1,485.3	+0.160%	$3.0M	$488K	10x	as long as short
StandX ZEC-USD	+0.0100%	1h	1,484	+0.069%	$56K	$4.6M	30x	as long as short
Polymarket Perps ZEC-USD	+0.0100%	1h	1,482.4	−0.036%	$358K	$1.7M	10x	as long as short
Bullet ZEC-USD	+0.0100%	1h	1,483.4	+0.028%	$163K	$185K	20x	as long as short
Derive ZEC-PERP	+0.0100%	1h	1,482.6	−0.025%	$453K	$500K	6.7x	as long as short
SunX ZEC-USDT	+0.0100%	8h	1,484.7	+0.119%	$3K	$1.2M	20x	as long as short
SoDEX ZEC-USD	+0.0100%	1h	1,483.8	+0.059%	$253K	$3.5M	10x	as long as short
HTX ZEC-USDT	+0.0100%	8h	1,482.3	−0.040%	$2.6M	$19.6M	75x	as long as short
Phemex ZECUSDT	+0.0100%	8h	1,483.9	+0.068%	$4.0M	$5.0M	50x	as long as short
Paradex ZEC-USD-PERPshort	+0.0100%	8h	1,483.9	+0.064%	$61K	$43K	10x
Katana Perps ZEC-USD	+0.0100%	8h	1,483.2	+0.019%	$11K	$864K	10x	as long as short
Extended ZEC-USD	+0.0104%	1h	1,483.6	+0.044%	$2.7M	$7.9M	10x	as long as short
Aevo ZEC-PERP	+0.0104%	1h	1,483.7	+0.052%	$45K	$149K	20x	as long as short
01 Exchange ZECUSDlong	+0.0112%	1h	1,482.9	long leg	$8K	$7K	5x
GMX ZEC/USD [WBTC.b-USDC]	L +0.0122% / S −0.0107%	1h	1,482.9	−0.003%	$430K	—	100x	as long as short
Hyperliquid ZEC	+0.0129%	1h	1,484.4	+0.099%	$771.1M	$440.3M	10x	as long as short
RISEx ZEC/USDC	+0.0129%	1h	1,483.6	+0.047%	$928K	$1.2M	10x	as long as short
Phoenix ZEC	+0.0134%	1h	1,490.8	+0.533%	$4.7M	$1.4M	10x	as long as short
Aftermath Perps ZECUSD	+0.0219%	1h	1,486.9	+0.270%	$48K	$63K	10x	as long as short
Arcus ZEC-USD	+0.0221%	1h	1,485.6	+0.177%	$624K	$8.6M	10x	as long as short
Lighter RH ZEC	+0.0296%	1h	1,485.1	+0.146%	$2.1M	$7.3M	10x	as long as short
Lighter ZEC	+0.0328%	1h	1,485.2	+0.155%	$19.4M	$45.5M	20x	as long as short
Coinbase International ZEC-PERP-INTX	+0.0480%	1h	1,485.9	+0.199%	$3.6M	$9.9M	50x	as long as short