Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against Aster+0.084%7-day average −0.018% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$2082.082% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.210%−$21 · spread now +0.084%, 7d avg −0.018%

Together, before fees−0.221%+ Points / potential airdropAster: Stage 5 · farm board−$22 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: Binance is 0.102% dearer against Aster than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZENUSDT	7.6280	0.0100	pay 0.0100% / 8h	4h 54m	$53K	$374K	10x
Short	Binance ZENUSDT	7.6344	0.0100	get 0.0100% / 8h	4h 54m	$11.1M	$30.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → −0.018%: $10.2
Slippage, 4 orders: −$190.2
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$198
Costs to cover: 2.082%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Binance: 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 Aster live order book, 2 min ago	10.53 bp	25.4 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.31 bp	15.8 bp −$16	40.5 bp −$405	189.4 bp −$18.9K	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
ApeX Omni ZENUSDT	−0.0247%	1h	7.5930	−0.459%	$26K	$688K	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6257	−0.030%	$9K	—	5x	as long as short
Aster ZENUSDTlong	+0.0100%	8h	7.6280	long leg	$53K	$374K	10x
Binance ZENUSDTshort	+0.0100%	8h	7.6344	+0.084%	$11.1M	$30.0M	75x
Bybit ZENUSDT	+0.0100%	8h	7.6290	+0.013%	$4.5M	$5.8M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6330	+0.066%	$2.3M	$5.4M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6340	+0.079%	$11.8M	$5.0M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.6320	+0.052%	$4.1M	$4.5M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6330	+0.066%	$2.9M	$3.2M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6320	+0.052%	—	$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	7.6182	−0.128%	$51K	$85K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6164	−0.153%	$570K	$1.9M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6320	+0.052%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6322	+0.055%	$24K	$127K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6240	−0.052%	$847K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0320%	1h	7.6484	+0.267%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3094%	1h	7.6607	+0.428%	$501K	$1.0M	25x	as long as short