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 −0.024%

Price spread now: KuCoin against Binance+0.212%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1271.271% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 7 days−0.089%−$9 · spread now +0.212%, 7d avg +0.038%

Together, before fees−0.195%−$19 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: KuCoin is 0.173% dearer against Binance than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZENUSDT	7.5341	0.0100	pay 0.0100% / 8h	4h 47m	$11.0M	$30.3M	75x
Short	KuCoin ZENUSDTM	7.5500	0.0100	get 0.0100% / 8h	4h 47m	$4.0M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.212%Rate

Funding earned: $0
Price spread: +0.212% → +0.038%: $17.33
Slippage, 4 orders: −$105.14
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$109.81
Costs to cover: 1.271%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 1 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, 9 min ago	1.31 bp	11.8 bp −$12	35.0 bp −$350	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	5.30 bp	48.5 bp −$48	109.4 bp −$1,094	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
ApeX Omni ZENUSDT	−0.0040%	1h	7.5510	+0.225%	$26K	$689K	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.5496	+0.207%	$9K	—	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.5514	+0.230%	$52K	$374K	10x	as long as short
Binance ZENUSDTlong	+0.0100%	8h	7.5341	long leg	$11.0M	$30.3M	75x
Bybit ZENUSDT	+0.0100%	8h	7.5340	−0.001%	$4.4M	$5.9M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.5320	−0.027%	$2.2M	$5.4M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.5350	+0.013%	$11.5M	$5.1M	200x	as long as short
KuCoin ZENUSDTMshort	+0.0100%	8h	7.5500	+0.212%	$4.0M	$4.5M	50x
Bitget ZENUSDT	+0.0100%	8h	7.5290	−0.067%	$2.8M	$3.2M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.5440	+0.132%	—	$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	7.5732	+0.519%	$50K	$85K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.5503	+0.216%	$569K	$2.0M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.5420	+0.105%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.5414	+0.098%	$24K	$142K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.5400	+0.079%	$832K	$1.5M	75x	as long as short
Hyperliquid ZEN	+0.0227%	1h	7.5515	+0.232%	$2.4M	$1.4M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3136%	1h	7.5594	+0.337%	$489K	$1.0M	25x	as long as short