Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.048%

Price spread now: OKX against ApeX Omni+0.039%80s7-day average −0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.709% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−1.259%−$126 · spread now +0.039%, 7d avg −0.110%

Together, before fees−1.321%−$132 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: OKX is 0.149% dearer against ApeX Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.110%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZENUSDT	7.7490	0.0100	pay 0.0013% / 1h	56m 08s	$27K	$669K	50x
Short	OKX ZEN-USDT-SWAP	7.7520	0.0100	get 0.0050% / 4h	3h 56m	$2.3M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.110%: $14.91
Slippage, 4 orders: −$50.86
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$55.95
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 42 min ago; OKX: live order book, 2 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, 42 min ago	5.83 bp	12.9 bp −$13	98.7 bp −$987	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.57 bp	24.1 bp −$24	120.6 bp −$1,206	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	7.7802	+0.403%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0020%	8h	7.7580	+0.116%	$4.1M	$3.8M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7657	+0.216%	$42K	$391K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7590	+0.129%	$11.2M	$29.7M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7500	+0.013%	$4.5M	$5.5M	75x	as long as short
OKX ZEN-USDT-SWAPshort	+0.0100%	4h	7.7520	+0.039%	$2.3M	$5.3M	50x
MEXC ZEN_USDT	+0.0100%	8h	7.7560	+0.090%	$12.3M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7510	+0.026%	$2.9M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7580	+0.116%	—	$2.9M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.7405	−0.110%	$55K	$69K	—	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	7.7590	+0.129%	$587K	$2.8M	10x	as long as short
ApeX Omni ZENUSDTlong	+0.0100%	1h	7.7490	long leg	$27K	$669K	50x
SunX ZEN-USDT	+0.0100%	8h	7.7560	+0.090%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7559	+0.089%	$22K	$234K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7750	+0.336%	$832K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0290%	1h	7.7714	+0.289%	$2.4M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.1692%	1h	7.7702	+0.273%	$498K	$754K	25x	as long as short