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: GRVT against Bitget+0.207%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$960.962% of the position

Long on Bitget Short on GRVT

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+1.357%+$136 · spread now +0.207%, 7d avg +0.108%

Together, before fees+1.362%+ Points / potential airdropGRVT: Active · farm board+$136 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: GRVT is 0.098% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZENUSDT	7.5920	0.0100	pay 0.0100% / 8h	2h 43m	$2.8M	$3.1M	50x
Short	GRVT ZEN_USDT_Perp	7.6077	0.0100	get 0.0100% / 8h	2h 43m	$574K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bitget. 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 BitgetbpFee GRVTbpOrdersPrice spread, now +0.207%Rate

Funding earned: $0
Price spread: +0.207% → +0.108%: $9.83
Slippage, 4 orders: −$75.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$86.33
Costs to cover: 0.962%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; GRVT: live order book, 5 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 Bitget live order book, 4 min ago	3.29 bp	19.4 bp −$19	34.9 bp −$349	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	3.27 bp	31.7 bp −$32	78.4 bp −$784	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	7.6158	+0.314%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0061%	8h	7.6060	+0.184%	$4.0M	$4.2M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0071%	4h	7.5960	+0.053%	$2.2M	$5.2M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6147	+0.299%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6023	+0.136%	$43K	$387K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6000	+0.105%	$10.9M	$29.8M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.5980	+0.079%	$4.5M	$5.7M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6040	+0.158%	$11.5M	$4.9M	200x	as long as short
Bitget ZENUSDTlong	+0.0100%	8h	7.5920	long leg	$2.8M	$3.1M	50x
BingX ZEN-USDT	+0.0100%	8h	7.6010	+0.119%	—	$3.1M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.6032	+0.147%	$54K	$89K	—	as long as short
GRVT ZEN_USDT_Perpshort	+0.0100%	8h	7.6077	+0.207%	$574K	$2.4M	10x
ApeX Omni ZENUSDT	+0.0100%	1h	7.6110	+0.250%	$26K	$678K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6090	+0.224%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.5991	+0.093%	$22K	$134K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6050	+0.171%	$822K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.3113%	1h	7.6179	+0.341%	$487K	$1.0M	25x	as long as short