Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0077%/8h= +8.5% APRpaid last 24h −0.023%

Price spread now: KuCoin against ApeX Omni+0.093%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1271.273% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.543%−$54 · spread now +0.093%, 7d avg −0.024%

Together, before fees−0.635%−$64 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.117% dearer against ApeX Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZENUSDT	7.5420	0.0023	pay 0.0003% / 1h	42m 52s	$26K	$689K	50x
Short	KuCoin ZENUSDTM	7.5490	0.0100	get 0.0100% / 8h	4h 42m	$4.0M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.093%Rate

Funding earned: $16.26
Price spread: +0.093% → −0.024%: $11.69
Slippage, 4 orders: −$105.3
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$99.34
Costs to cover: 1.273%
Break-even: 49.8 days

Slippage from ApeX Omni: live order book, 16 min ago; KuCoin: live order book, 5 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, 16 min ago	6.56 bp	14.4 bp −$14	98.8 bp −$988	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	5.30 bp	48.5 bp −$48	109.4 bp −$1,094	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
dYdX ZEN-USD	0.0000%	1h	7.5491	+0.095%	$9K	—	5x	as long as short
ApeX Omni ZENUSDTlong	+0.0023%	1h	7.5420	long leg	$26K	$689K	50x
Aster ZENUSDT	+0.0100%	8h	7.5483	+0.083%	$52K	$374K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.5466	+0.061%	$10.9M	$30.2M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.5380	−0.053%	$4.4M	$5.9M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.5450	+0.040%	$2.2M	$5.4M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.5430	+0.013%	$11.5M	$5.1M	200x	as long as short
KuCoin ZENUSDTMshort	+0.0100%	8h	7.5490	+0.093%	$4.0M	$4.5M	50x
Bitget ZENUSDT	+0.0100%	8h	7.5470	+0.066%	$2.8M	$3.2M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.5530	+0.146%	—	$3.2M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.5436	+0.021%	$50K	$85K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.5380	−0.053%	$574K	$2.0M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.5500	+0.106%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.5400	−0.026%	$24K	$140K	5x	as long as short
Hyperliquid ZEN	+0.0204%	1h	7.5590	+0.225%	$2.4M	$1.4M	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.5540	+0.159%	$838K	$1.5M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.3130%	1h	7.5725	+0.404%	$490K	$1.0M	25x	as long as short