Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.010%

Price spread now: ApeX Omni against Aster−0.196%69s7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$730.734% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.743%+$74 · spread now −0.196%, 7d avg +0.009%

Together, before fees+0.720%+ Points / potential airdropAster: Stage 5 · farm board+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.206% cheaper against Aster than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of +0.009%). If the spread goes back, that is −$21 on $10k: about 15 days of funding at the current rate (+$1 a day). The two prices were read 69 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	Aster ZENUSDT	7.6460	0.0055	pay 0.0055% / 8h	2h 52m	$54K	$388K	10x
Short	ApeX Omni ZENUSDT	7.6310	0.0100	get 0.0013% / 1h	52m 20s	$27K	$683K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.196%Rate

Funding earned: $9.46
Price spread: −0.196% → +0.009%: −$20.56
Slippage, 4 orders: −$55.39
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$84.49
Costs to cover: 0.734%
Break-even: 69.5 days

Slippage from Aster: live order book, 34 min ago; ApeX Omni: live order book, 36 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 Aster live order book, 34 min ago	7.79 bp	23.0 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 36 min ago	5.20 bp	12.6 bp −$13	92.0 bp −$920	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	−0.0165%	8h	7.6195	−0.347%	$51K	$232K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0019%	4h	7.6420	−0.052%	$2.3M	$6.5M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6505	+0.059%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0013%	8h	7.6440	−0.026%	$12.0M	$6.0M	200x	as long as short
Binance ZENUSDT	+0.0014%	8h	7.6446	−0.018%	$10.9M	$33.7M	75x	as long as short
Extended ZEN-USD	+0.0016%	1h	7.6472	+0.016%	$25K	$110K	5x	as long as short
KuCoin ZENUSDTM	+0.0019%	8h	7.6500	+0.052%	$4.3M	$5.3M	50x	as long as short
Bitget ZENUSDT	+0.0040%	8h	7.6450	−0.013%	$2.8M	$3.7M	50x	as long as short
BloFin ZEN-USDT	+0.0054%	8h	7.6520	+0.078%	$834K	$2.0M	75x	as long as short
Aster ZENUSDTlong	+0.0055%	8h	7.6460	long leg	$54K	$388K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZEN	+0.0100%	1h	7.6598	+0.180%	$2.4M	$2.1M	5x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6400	−0.078%	$4.6M	$7.4M	75x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6430	−0.039%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6518	+0.076%	$580K	$1.6M	10x	as long as short
ApeX Omni ZENUSDTshort	+0.0100%	1h	7.6310	−0.196%	$27K	$683K	50x
SunX ZEN-USDT	+0.0100%	8h	7.6600	+0.183%	$2K	$1.5M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1134%	1h	7.6730	+0.353%	$494K	$1.1M	25x	as long as short