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

ZEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRnext payment $0.14 per $10,000 · paid last 24h +0.021%
Price spread now: BloFin against Aster+0.191%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$710.708% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.150%+$15 on $10k
Price spread, last 3 days (all we have)−0.343%−$34 · spread now +0.191%, 7d avg −0.047%
Together, before fees−0.193%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.238% dearer against Aster than usual: you sell high and buy low (spread +0.191% now, against its 7-day average of −0.047%): +$24 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 58 days. Mind the row above: over the last 5 days funding on this pair paid +0.150%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZENUSDT7.64940.0058pay 0.0058% / 8h2h 54m$54K$388K10x
ShortBloFin ZEN-USDT7.66400.0045get 0.0045% / 8h2h 54m$842K$2.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$2.88
Price spread: +0.191% → −0.047%
$23.75
Slippage, 4 orders
−$50.84
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$49.97
Costs to cover
0.708%
Break-even
never at this rate
Slippage from Aster: live order book, 32 min ago; BloFin: live order book, 3 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, 32 min ago7.79 bp23.0 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 3 min ago0.66 bp8.3 bp −$820.0 bp −$200100.9 bp −$10.1Kdoesn't fit

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−0.0165%8h7.6195−0.391%$51K$232Kas long as short
OKX ZEN-USDT-SWAP−0.0026%4h7.6200−0.384%$2.3M$6.5M50xas long as short
dYdX ZEN-USD0.0000%1h7.6590+0.125%$9K5xas long as short
Extended ZEN-USD+0.0008%1h7.6404−0.117%$25K$110K5xas long as short
MEXC ZEN_USDT+0.0011%8h7.6490−0.005%$12.1M$6.0M200xas long as short
Binance ZENUSDT+0.0011%8h7.6302−0.251%$10.9M$33.8M75xas long as short
KuCoin ZENUSDTM+0.0015%8h7.6570+0.099%$4.3M$5.4M50xas long as short
Bitget ZENUSDT+0.0039%8h7.6280−0.280%$2.8M$3.7M50xas long as short
BloFin ZEN-USDTshort+0.0045%8h7.6640+0.191%$842K$2.0M75x
Aster ZENUSDTlong+0.0058%8h7.6494long leg$54K$388K10x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZENUSDT+0.0098%8h7.6230−0.345%$4.6M$7.5M75xas long as short
Hyperliquid ZEN+0.0100%1h7.6461−0.043%$2.4M$2.1M5xas long as short
BingX ZEN-USDT+0.0100%8h7.6350−0.188%$3.5Mas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.6230−0.345%$577K$1.6M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6310−0.241%$27K$683K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6710+0.282%$2K$1.5M20xas long as short
Kraken Futures PF_ZENUSD+0.1131%1h7.6949+0.595%$495K$1.1M25xas long as short