Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: SunX against ApeX Omni+0.641%7-day average −0.016% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 3 days (all we have)−0.941%−$94 · spread now +0.641%, 7d avg −0.016%

Together, before fees−0.868%−$87 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: SunX is 0.657% dearer against ApeX Omni than usual: you sell high and buy low, +$66 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZENUSDT	7.6490	0.0100	pay 0.0013% / 1h	27m 17s	$27K	$682K	50x
Short	SunX ZEN-USDT	7.6980	0.0100	get 0.0100% / 8h	2h 27m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.641%Rate

Funding earned: $0
Price spread: +0.641% → −0.016%: $65.69
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $47.69
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 61 min ago; SunX: live order book, 7 min ago. Net counts fees only.

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, 61 min ago	5.20 bp	14.5 bp −$14	107.5 bp −$1,075	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	500.07 bp	doesn't fit	doesn't fit	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	−0.0117%	8h	7.6382	−0.142%	$51K	$219K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0033%	4h	7.6880	+0.510%	$2.3M	$6.0M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6808	+0.416%	$9K	—	5x	as long as short
Extended ZEN-USD	+0.0024%	1h	7.6849	+0.469%	$25K	$110K	5x	as long as short
MEXC ZEN_USDT	+0.0026%	8h	7.6920	+0.562%	$12.1M	$6.1M	200x	as long as short
Binance ZENUSDT	+0.0029%	8h	7.6917	+0.558%	$11.0M	$32.4M	75x	as long as short
KuCoin ZENUSDTM	+0.0040%	8h	7.6880	+0.510%	$4.3M	$5.2M	50x	as long as short
Bitget ZENUSDT	+0.0042%	8h	7.6910	+0.549%	$2.8M	$3.5M	50x	as long as short
Aster ZENUSDT	+0.0077%	8h	7.6861	+0.485%	$54K	$381K	10x	as long as short
BloFin ZEN-USDT	+0.0096%	8h	7.6600	+0.144%	$834K	$1.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZEN	+0.0100%	1h	7.7066	+0.753%	$2.4M	$1.9M	5x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6890	+0.523%	$4.6M	$6.9M	75x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6900	+0.536%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6580	+0.118%	$583K	$1.6M	10x	as long as short
ApeX Omni ZENUSDTlong	+0.0100%	1h	7.6490	long leg	$27K	$682K	50x
SunX ZEN-USDTshort	+0.0100%	8h	7.6980	+0.641%	$2K	$1.4M	20x
Kraken Futures PF_ZENUSD	+0.1131%	1h	7.6942	+0.591%	$495K	$1.1M	25x	as long as short