Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Binance against ApeX Omni−0.391%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$560.561% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 3 days (all we have)+0.435%+$43 · spread now −0.391%, 7d avg −0.031%

Together, before fees+0.449%+$45 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.360% cheaper against ApeX Omni than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZENUSDT	7.8110	0.0100	pay 0.0013% / 1h	17m 10s	$27K	$689K	50x
Short	Binance ZENUSDT	7.7805	0.0100	get 0.0100% / 8h	7h 17m	$11.4M	$31.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.391%Rate

Funding earned: $0
Price spread: −0.391% → −0.031%: −$35.99
Slippage, 4 orders: −$36.15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$92.14
Costs to cover: 0.561%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 56 min ago; Binance: live order book, 9 min ago.

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 ApeX Omni live order book, 56 min ago	7.75 bp	15.4 bp −$15	105.1 bp −$1,051	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.64 bp	12.3 bp −$12	32.5 bp −$325	251.3 bp −$25.1K	doesn't fit

ZEN on 17 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
dYdX ZEN-USD	0.0000%	1h	7.7799	−0.398%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0011%	8h	7.8012	−0.125%	$52K	$85K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7881	−0.293%	$53K	$379K	10x	as long as short
Binance ZENUSDTshort	+0.0100%	8h	7.7805	−0.391%	$11.4M	$31.3M	75x
Bybit ZENUSDT	+0.0100%	8h	7.7780	−0.422%	$4.7M	$6.1M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7800	−0.397%	$2.3M	$5.7M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7810	−0.384%	$12.5M	$5.3M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.7860	−0.320%	$4.5M	$4.8M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7840	−0.346%	$2.9M	$3.4M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7830	−0.358%	—	$3.3M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.8070	−0.051%	$584K	$1.7M	10x	as long as short
ApeX Omni ZENUSDTlong	+0.0100%	1h	7.8110	long leg	$27K	$689K	50x
SunX ZEN-USDT	+0.0100%	8h	7.7730	−0.486%	$2K	$1.4M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7809	−0.385%	$22K	$121K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7790	−0.410%	$844K	$1.8M	75x	as long as short
Hyperliquid ZEN	+0.0283%	1h	7.8007	−0.132%	$2.5M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2969%	1h	7.8142	+0.041%	$511K	$1.0M	25x	as long as short