Settings8H · net · $10k
Funding arb · Price arb /

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.012%
Price spread now: BingX against ApeX Omni−0.077%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$630.627% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.072%+$7 on $10k
Price spread, last 4 days (all we have)−1.025%−$103 · spread now −0.077%, 7d avg −0.060%
Together, before fees−0.954%−$95 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZENUSDT7.7540−0.0039get 0.0005% / 1h46m 57s$27K$669K50x
ShortBingX ZEN-USDT7.74800.0100get 0.0100% / 8h46m 57s$2.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$29.18
Price spread: −0.077% → −0.060%
−$1.73
Slippage, 4 orders
−$42.71
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$35.25
Costs to cover
0.627%
Break-even
15.5 days
Slippage from ApeX Omni: live order book, 56 min ago; BingX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 56 min ago6.47 bp14.0 bp −$1496.2 bp −$962doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago3.88 bp17.7 bp −$1842.8 bp −$428171.1 bp −$17.1K443.2 bp −$221.6K

ZEN on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ZENUSDTlong−0.0039%1h7.7540long leg$27K$669K50x
dYdX ZEN-USD0.0000%1h7.7402−0.178%$9K5xas long as short
KuCoin ZENUSDTM+0.0014%8h7.7480−0.077%$4.1M$3.9M50xas long as short
Aster ZENUSDT+0.0100%8h7.7477−0.081%$44K$391K10xas long as short
Binance ZENUSDT+0.0100%8h7.7470−0.090%$11.1M$29.6M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7470−0.090%$4.5M$5.5M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.7460−0.103%$2.3M$5.3M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.7500−0.052%$12.2M$5.0M200xas long as short
Bitget ZENUSDT+0.0100%8h7.7460−0.103%$2.9M$3.0M50xas long as short
BingX ZEN-USDTshort+0.0100%8h7.7480−0.077%$2.9M
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEN+0.0100%8h7.7260−0.361%$55K$69Kas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.7251−0.373%$581K$2.7M10xas long as short
SunX ZEN-USDT+0.0100%8h7.7570+0.039%$1K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.7509−0.040%$22K$198K5xas long as short
Hyperliquid ZEN+0.0155%1h7.7668+0.165%$2.4M$1.3M5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7460−0.103%$836K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.2222%1h7.7729+0.244%$498K$869K25xas long as short