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 0.000%

Price spread now: Bitget against BingX−0.090%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.090%, 7d avg −0.006%

Together, before fees+0.053%+$5 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 0.085% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.7350	0.0100	pay 0.0100% / 8h	5h 20m	—	$3.2M	—
Short	Bitget ZENUSDT	7.7280	0.0100	get 0.0100% / 8h	5h 20m	$2.9M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → −0.006%: −$8.48
Slippage, 4 orders: −$48.88
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$79.36
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Bitget: live order book, 2 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	4.53 bp	16.8 bp −$17	39.1 bp −$391	300.2 bp −$30.0K	445.5 bp −$222.8K
Sell Bitget live order book, 2 min ago	5.17 bp	20.1 bp −$20	40.2 bp −$402	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	7.7442	+0.119%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0098%	4h	7.7220	−0.168%	$2.3M	$5.4M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7440	+0.116%	$54K	$375K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7280	−0.090%	$11.2M	$29.9M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7270	−0.103%	$4.6M	$5.8M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7270	−0.103%	$12.0M	$5.0M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.7330	−0.026%	$4.1M	$4.5M	50x	as long as short
Bitget ZENUSDTshort	+0.0100%	8h	7.7280	−0.090%	$2.9M	$3.2M	50x
BingX ZEN-USDTlong	+0.0100%	8h	7.7350	long leg	—	$3.2M	—
Variational Omni ZEN	+0.0100%	8h	7.7291	−0.077%	$52K	$83K	—	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	7.7360	+0.013%	$581K	$1.9M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7230	−0.155%	$26K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7410	+0.078%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7268	−0.106%	$25K	$127K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7470	+0.155%	$857K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0325%	1h	7.7428	+0.101%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3166%	1h	7.7602	+0.326%	$508K	$1.0M	25x	as long as short