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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.005%
Price spread now: Extended against Aster+0.029%7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$2202.202% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.012%−$1 on $10k
Price spread, last 4 days (all we have)−0.258%−$26 · spread now +0.029%, 7d avg −0.069%
Together, before fees−0.270%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$27 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: Extended is 0.098% dearer against Aster than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.069%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZENUSDT7.63260.0100pay 0.0100% / 8h4h 05m$50K$376K10x
ShortExtended ZEN-USD7.63480.0104get 0.0013% / 1h5m 06s$22K$144K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.029% → −0.069%
$9.83
Slippage, 4 orders
−$207.15
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$209.48
Costs to cover
2.202%
Break-even
1752.7 days
Slippage from Aster: live order book, 52 min ago; Extended: live order book, 50 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, 52 min ago10.53 bp25.4 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 50 min ago2.30 bp20.5 bp −$20152.7 bp −$1,527doesn't fitdoesn'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
dYdX ZEN-USD0.0000%1h7.6406+0.105%$9K5xas long as short
OKX ZEN-USDT-SWAP+0.0061%4h7.6340+0.018%$2.2M$5.3M50xas long as short
KuCoin ZENUSDTM+0.0079%8h7.6410+0.110%$4.1M$4.3M50xas long as short
Aster ZENUSDTlong+0.0100%8h7.6326long leg$50K$376K10x
Binance ZENUSDT+0.0100%8h7.6370+0.058%$11.0M$30.2M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6340+0.018%$4.5M$5.9M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.6380+0.071%$11.6M$5.1M200xas long as short
Bitget ZENUSDT+0.0100%8h7.6350+0.031%$2.8M$3.2M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6380+0.071%$3.1Mas long as short
Variational Omni ZEN+0.0100%8h7.6292−0.045%$54K$89Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6360+0.044%$572K$2.1M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6390+0.084%$26K$682K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6460+0.175%$1K$1.3M20xas long as short
Extended ZEN-USDshort+0.0104%1h7.6348+0.029%$22K$144K5x
BloFin ZEN-USDT+0.0220%8h7.6390+0.084%$827K$1.5M75xas long as short
Hyperliquid ZEN+0.0339%1h7.6573+0.323%$2.5M$1.3M5xas long as short
Kraken Futures PF_ZENUSD+0.3096%1h7.6564+0.312%$496K$999K25xas long as short