Settings8H · net · $10k
Funding arb · Price arb /

ZEN

all ZEN markets
SwapBacktest
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 −0.036%
Price spread now: KuCoin against BingX+0.078%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1071.072% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.164%−$16 on $10k
Price spread, last 7 days+0.084%+$8 · spread now +0.078%, 7d avg +0.063%
Together, before fees−0.079%−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZEN-USDT7.69700.0100pay 0.0100% / 8h5h 39m$3.2M
ShortKuCoin ZENUSDTM7.70300.0100get 0.0100% / 8h5h 39m$4.1M$4.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: +0.078% → +0.063%
$1.48
Slippage, 4 orders
−$85.22
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$105.74
Costs to cover
1.072%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago4.56 bp18.0 bp −$1840.7 bp −$407335.1 bp −$33.5K488.6 bp −$244.3K
Sell KuCoin live order book, 3 min ago1.29 bp33.7 bp −$3486.6 bp −$866doesn't fitdoesn't fit

ZEN on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZEN-USD0.0000%1h7.7137+0.217%$9K5xas long as short
Variational Omni ZEN+0.0095%8h7.6940−0.039%$51K$83Kas long as short
Aster ZENUSDT+0.0100%8h7.7064+0.122%$53K$375K10xas long as short
Binance ZENUSDT+0.0100%8h7.7006+0.047%$11.2M$30.1M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6920−0.065%$4.6M$5.8M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.6880−0.117%$2.3M$5.4M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.7010+0.052%$11.9M$5.0M200xas long as short
KuCoin ZENUSDTMshort+0.0100%8h7.7030+0.078%$4.1M$4.6M50x
Bitget ZENUSDT+0.0100%8h7.6880−0.117%$2.9M$3.2M50xas long as short
BingX ZEN-USDTlong+0.0100%8h7.6970long leg$3.2M
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.7270+0.390%$584K$1.8M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7270+0.390%$26K$683K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7060+0.117%$2K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.7007+0.048%$24K$122K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.6990+0.026%$858K$1.6M75xas long as short
Hyperliquid ZEN+0.0354%1h7.7007+0.048%$2.5M$1.4M5xas long as short
Kraken Futures PF_ZENUSD+0.3179%1h7.7273+0.394%$506K$1.0M25xas long as short