Settings8H · net · $10k
Funding arb · Price arb /

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.009%
Price spread now: BingX against Aster+0.020%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$275as in the Price arb table
costs, in and out, $10k−$2822.815% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.032%+$3 on $10k
Price spread, last 4 days (all we have)−0.340%−$34 · spread now +0.020%, 7d avg −0.049%
Together, before fees−0.309%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.069% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZENUSDT7.67250.0082pay 0.0082% / 8h2h 17m$54K$381K10x
ShortBingX ZEN-USDT7.67400.0100get 0.0100% / 8h2h 17m$3.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$3.86
Price spread: +0.020% → −0.049%
$6.91
Slippage, 4 orders
−$263.51
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$270.73
Costs to cover
2.815%
Break-even
498.0 days
Slippage from Aster: live order book, 5 min ago; BingX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago9.10 bp22.9 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 2 min ago3.26 bp17.2 bp −$1735.7 bp −$357181.2 bp −$18.1K493.0 bp −$246.5K

ZEN on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEN−0.0086%8h7.6851+0.164%$51K$154Kas long as short
OKX ZEN-USDT-SWAP−0.0022%4h7.6700−0.032%$2.3M$5.9M50xas long as short
dYdX ZEN-USD0.0000%1h7.6829+0.136%$9K5xas long as short
MEXC ZEN_USDT+0.0030%8h7.6730+0.007%$12.2M$6.1M200xas long as short
Binance ZENUSDT+0.0030%8h7.6712−0.017%$11.0M$32.3M75xas long as short
Extended ZEN-USD+0.0032%1h7.6708−0.021%$25K$110K5xas long as short
KuCoin ZENUSDTM+0.0043%8h7.6770+0.059%$4.3M$5.2M50xas long as short
Bitget ZENUSDT+0.0047%8h7.6720−0.006%$2.8M$3.5M50xas long as short
Aster ZENUSDTlong+0.0082%8h7.6725long leg$54K$381K10x
Hyperliquid ZEN+0.0100%1h7.6943+0.285%$2.4M$1.9M5xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZENUSDT+0.0100%8h7.6730+0.007%$4.6M$6.9M75xas long as short
BingX ZEN-USDTshort+0.0100%8h7.6740+0.020%$3.4M
GRVT ZEN_USDT_Perp+0.0100%8h7.6807+0.107%$585K$1.6M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6850+0.163%$27K$681K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6800+0.098%$2K$1.4M20xas long as short
BloFin ZEN-USDT+0.0122%8h7.6860+0.176%$835K$1.9M75xas long as short
Kraken Futures PF_ZENUSD+0.1130%1h7.7002+0.361%$495K$1.1M25xas long as short