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 −0.008%

Price spread now: Aster against BingX−0.006%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.006%, 7d avg +0.052%

Together, before fees+0.121%+ Points / potential airdropAster: Stage 5 · farm board+$12 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: Aster is 0.058% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.7290	0.0100	pay 0.0100% / 8h	2h 00m	—	$3.1M	—
Short	Aster ZENUSDT	7.7285	0.0100	get 0.0100% / 8h	2h 00m	$43K	$392K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.052%: −$5.8
Slippage, 4 orders: −$62.81
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$86.61
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Aster: live order book, 46 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 BingX live order book, 4 min ago	3.88 bp	19.5 bp −$19	40.4 bp −$404	298.6 bp −$29.9K	496.7 bp −$248.3K
Sell Aster live order book, 46 min ago	6.57 bp	20.4 bp −$20	doesn't fit	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	7.7390	+0.130%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0088%	8h	7.7320	+0.039%	$4.1M	$4.1M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0099%	4h	7.7180	−0.142%	$2.3M	$5.4M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7341	+0.066%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDTshort	+0.0100%	8h	7.7285	−0.006%	$43K	$392K	10x
Binance ZENUSDT	+0.0100%	8h	7.7263	−0.035%	$11.2M	$30.2M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7240	−0.065%	$4.5M	$5.7M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7260	−0.039%	$12.0M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7220	−0.091%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDTlong	+0.0100%	8h	7.7290	long leg	—	$3.1M	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.7246	−0.057%	$55K	$88K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7383	+0.121%	$586K	$2.5M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7410	+0.155%	$27K	$676K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7290	0.000%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7236	−0.070%	$22K	$134K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7270	−0.026%	$837K	$1.5M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.3055%	1h	7.7641	+0.454%	$496K	$1.0M	25x	as long as short