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 +0.011%

Price spread now: Bitget against Binance+0.013%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days−0.146%−$15 · spread now +0.013%, 7d avg −0.032%

Together, before fees−0.094%−$9 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: Bitget is 0.045% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZENUSDT	7.7340	0.0100	pay 0.0100% / 8h	1h 08m	$11.1M	$29.8M	75x
Short	Bitget ZENUSDT	7.7350	0.0100	get 0.0100% / 8h	1h 08m	$2.9M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.032%: $4.49
Slippage, 4 orders: −$41.63
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$59.14
Costs to cover: 0.636%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bitget: live order book, 4 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 Binance live order book, 3 min ago	1.29 bp	11.7 bp −$12	36.5 bp −$365	401.8 bp −$40.2K	doesn't fit
Sell Bitget live order book, 4 min ago	5.82 bp	16.6 bp −$17	25.2 bp −$252	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
dYdX ZEN-USD	0.0000%	1h	7.7440	+0.130%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0034%	8h	7.7310	−0.039%	$4.1M	$4.0M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0094%	4h	7.7310	−0.039%	$2.3M	$5.3M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7515	+0.226%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7401	+0.079%	$44K	$393K	10x	as long as short
Binance ZENUSDTlong	+0.0100%	8h	7.7340	long leg	$11.1M	$29.8M	75x
Bybit ZENUSDT	+0.0100%	8h	7.7290	−0.065%	$4.5M	$5.6M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7360	+0.026%	$12.3M	$5.1M	200x	as long as short
Bitget ZENUSDTshort	+0.0100%	8h	7.7350	+0.013%	$2.9M	$3.0M	50x
BingX ZEN-USDT	+0.0100%	8h	7.7300	−0.052%	—	$3.0M	—	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	7.7231	−0.141%	$55K	$69K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7330	−0.013%	$588K	$2.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7310	−0.039%	$27K	$672K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7370	+0.039%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7317	−0.030%	$22K	$130K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7380	+0.052%	$834K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.2843%	1h	7.7562	+0.287%	$496K	$878K	25x	as long as short