Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against BingX+0.078%7-day average +0.026% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.222%−$22 · spread now +0.078%, 7d avg +0.026%

Together, before fees−0.222%−$22 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: SunX is 0.052% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.6540	0.0100	pay 0.0100% / 8h	2h 35m	—	$3.4M	—
Short	SunX ZEN-USDT	7.6600	0.0100	get 0.0100% / 8h	2h 35m	$2K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → +0.026%: $5.2
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$12.8
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; SunX: live order book, 9 min ago. Net counts fees only.

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	2.61 bp	13.0 bp −$13	31.1 bp −$311	299.9 bp −$30.0K	488.5 bp −$244.2K
Sell SunX live order book, 9 min ago	500.36 bp	doesn't fit	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
Variational Omni ZEN	−0.0142%	8h	7.6510	−0.039%	$51K	$219K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0047%	4h	7.6490	−0.065%	$2.3M	$6.0M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6593	+0.070%	$9K	—	5x	as long as short
Extended ZEN-USD	+0.0016%	1h	7.6521	−0.025%	$25K	$110K	5x	as long as short
MEXC ZEN_USDT	+0.0018%	8h	7.6520	−0.026%	$12.1M	$6.1M	200x	as long as short
Binance ZENUSDT	+0.0021%	8h	7.6540	0.000%	$11.0M	$32.8M	75x	as long as short
KuCoin ZENUSDTM	+0.0024%	8h	7.6590	+0.065%	$4.3M	$5.2M	50x	as long as short
Bitget ZENUSDT	+0.0038%	8h	7.6450	−0.118%	$2.8M	$3.5M	50x	as long as short
BloFin ZEN-USDT	+0.0067%	8h	7.6680	+0.183%	$836K	$1.9M	75x	as long as short
Aster ZENUSDT	+0.0068%	8h	7.6533	−0.010%	$54K	$381K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZEN	+0.0100%	1h	7.6692	+0.199%	$2.4M	$1.9M	5x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6500	−0.052%	$4.6M	$7.1M	75x	as long as short
BingX ZEN-USDTlong	+0.0100%	8h	7.6540	long leg	—	$3.4M	—
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6526	−0.019%	$582K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6530	−0.013%	$27K	$682K	50x	as long as short
SunX ZEN-USDTshort	+0.0100%	8h	7.6600	+0.078%	$2K	$1.5M	20x
Kraken Futures PF_ZENUSD	+0.1134%	1h	7.6702	+0.212%	$494K	$1.1M	25x	as long as short