Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: GRVT against ApeX Omni−0.051%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$740.735% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 3 days (all we have)+0.269%+$27 · spread now −0.051%, 7d avg −0.076%

Together, before fees+0.322%+ Points / potential airdropGRVT: Active · farm board+$32 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: GRVT is 0.025% dearer against ApeX Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZENUSDT	7.7410	0.0100	pay 0.0013% / 1h	4m 53s	$26K	$685K	50x
Short	GRVT ZEN_USDT_Perp	7.7371	0.0100	get 0.0100% / 8h	4m 53s	$577K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.076%: $2.52
Slippage, 4 orders: −$54.54
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$71.02
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 9 min ago; GRVT: live order book, 3 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, 9 min ago	7.75 bp	15.4 bp −$15	105.1 bp −$1,051	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	5.82 bp	17.2 bp −$17	33.7 bp −$337	doesn't fit	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
Variational Omni ZEN	−0.0029%	8h	7.7390	−0.026%	$52K	$85K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0004%	4h	7.7650	+0.310%	$2.3M	$5.8M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7438	+0.037%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0036%	8h	7.7650	+0.310%	$4.4M	$4.9M	50x	as long as short
Bybit ZENUSDT	+0.0045%	8h	7.7700	+0.375%	$4.6M	$6.3M	75x	as long as short
Extended ZEN-USD	+0.0072%	1h	7.7645	+0.303%	$25K	$118K	5x	as long as short
MEXC ZEN_USDT	+0.0073%	8h	7.7730	+0.413%	$12.5M	$5.5M	200x	as long as short
Binance ZENUSDT	+0.0075%	8h	7.7779	+0.477%	$11.2M	$31.6M	75x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7615	+0.264%	$53K	$378K	10x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7720	+0.400%	$2.9M	$3.5M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.7730	+0.413%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perpshort	+0.0100%	8h	7.7371	−0.051%	$577K	$1.7M	10x
ApeX Omni ZENUSDTlong	+0.0100%	1h	7.7410	long leg	$26K	$685K	50x
SunX ZEN-USDT	+0.0100%	8h	7.7470	+0.078%	$1K	$1.4M	20x	as long as short
BloFin ZEN-USDT	+0.0195%	8h	7.7520	+0.142%	$847K	$1.8M	75x	as long as short
Hyperliquid ZEN	+0.0348%	1h	7.7689	+0.360%	$2.4M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2649%	1h	7.7824	+0.535%	$509K	$1.0M	25x	as long as short