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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.055%
Price spread now: Hyperliquid against ApeX Omni+0.449%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$560.563% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.117%+$12 on $10k
Price spread, last 4 days (all we have)−0.482%−$48 · spread now +0.449%, 7d avg +0.101%
Together, before fees−0.364%+ Points / potential airdropHyperliquid: Season 2 · farm board−$36 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: Hyperliquid is 0.348% dearer against ApeX Omni than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.101%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZENUSDT7.70300.0100pay 0.0013% / 1h50m 53s$27K$675K50x
ShortHyperliquid ZEN7.73760.0100get 0.0013% / 1h50m 53s$2.4M$1.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0
Price spread: +0.449% → +0.101%
$34.84
Slippage, 4 orders
−$37.29
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$21.44
Costs to cover
0.563%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 58 min ago; Hyperliquid: live order book, 10 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, 58 min ago6.55 bp13.6 bp −$1492.2 bp −$922doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago1.75 bp14.1 bp −$14doesn't fitdoesn't fitdoesn't fit

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
dYdX ZEN-USD0.0000%1h7.6925−0.137%$9K5xas long as short
OKX ZEN-USDT-SWAP+0.0055%4h7.7160+0.169%$2.3M$5.4M50xas long as short
KuCoin ZENUSDTM+0.0065%8h7.7020−0.013%$4.1M$4.1M50xas long as short
Hyperliquid ZENshort+0.0100%1h7.7376+0.449%$2.4M$1.3M5x
Aster ZENUSDT+0.0100%8h7.7000−0.039%$44K$393K10xas long as short
Binance ZENUSDT+0.0100%8h7.7148+0.153%$11.2M$30.3M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7090+0.078%$4.5M$5.7M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.7130+0.130%$11.9M$4.9M200xas long as short
Bitget ZENUSDT+0.0100%8h7.7120+0.117%$2.9M$3.1M50xas long as short
BingX ZEN-USDT+0.0100%8h7.70300.000%$3.1Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEN+0.0100%8h7.7002−0.036%$55K$88Kas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.6970−0.078%$577K$2.6M10xas long as short
ApeX Omni ZENUSDTlong+0.0100%1h7.7030long leg$27K$675K50x
SunX ZEN-USDT+0.0100%8h7.6830−0.260%$2K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.7106+0.099%$22K$129K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7050+0.026%$837K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.2851%1h7.7328+0.387%$494K$1.0M25xas long as short