Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.053%

Price spread now: OKX against Binance−0.077%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.077%, 7d avg −0.036%

Together, before fees−0.036%−$4 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: OKX is 0.041% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZENUSDT	7.8190	0.0100	pay 0.0100% / 8h	7h 14m	$11.4M	$31.3M	75x
Short	OKX ZEN-USDT-SWAP	7.8130	0.0100	get 0.0050% / 4h	3h 14m	$2.4M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.036%: −$4.11
Slippage, 4 orders: −$40.64
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$64.75
Costs to cover: 0.606%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; OKX: live order book, 3 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, 12 min ago	0.64 bp	10.9 bp −$11	31.0 bp −$310	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.29 bp	19.3 bp −$19	82.5 bp −$825	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	7.8007	−0.235%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0019%	8h	7.7858	−0.425%	$52K	$85K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.8072	−0.151%	$53K	$379K	10x	as long as short
Binance ZENUSDTlong	+0.0100%	8h	7.8190	long leg	$11.4M	$31.3M	75x
Bybit ZENUSDT	+0.0100%	8h	7.8120	−0.090%	$4.7M	$6.1M	75x	as long as short
OKX ZEN-USDT-SWAPshort	+0.0100%	4h	7.8130	−0.077%	$2.4M	$5.7M	50x
MEXC ZEN_USDT	+0.0100%	8h	7.8220	+0.038%	$12.5M	$5.3M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.8120	−0.090%	$4.5M	$4.8M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.8120	−0.090%	$2.9M	$3.4M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.8130	−0.077%	—	$3.3M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7898	−0.374%	$589K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7810	−0.486%	$27K	$688K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7930	−0.333%	$2K	$1.4M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.8126	−0.082%	$22K	$121K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.8110	−0.103%	$850K	$1.8M	75x	as long as short
Hyperliquid ZEN	+0.0319%	1h	7.8296	+0.135%	$2.5M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2958%	1h	7.8456	+0.339%	$513K	$1.0M	25x	as long as short