Funding arb · Price arb /

ZEN

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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 −0.064%

Price spread now: Variational Omni against Bitget+0.014%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZENUSDT	7.7280	0.0100	pay 0.0100% / 8h	5h 20m	$2.9M	$3.2M	50x
Short	Variational Omni ZEN	7.7291	0.0100	get 0.0100% / 8h	5h 20m	$52K	$83K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → 0.000%: $1.38
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.62
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; Variational Omni: no order-book sample. 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 Bitget live order book, 2 min ago	5.17 bp	19.9 bp −$20	41.3 bp −$413	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.210%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0098%	4h	7.7220	−0.078%	$2.3M	$5.4M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7440	+0.207%	$54K	$375K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7280	0.000%	$11.2M	$29.9M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7270	−0.013%	$4.6M	$5.8M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7270	−0.013%	$12.0M	$5.0M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.7330	+0.065%	$4.1M	$4.5M	50x	as long as short
Bitget ZENUSDTlong	+0.0100%	8h	7.7280	long leg	$2.9M	$3.2M	50x
BingX ZEN-USDT	+0.0100%	8h	7.7350	+0.091%	—	$3.2M	—	as long as short
Variational Omni ZENshort	+0.0100%	8h	7.7291	+0.014%	$52K	$83K	—

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	+0.104%	$581K	$1.9M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7230	−0.065%	$26K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7410	+0.168%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7268	−0.016%	$25K	$127K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7470	+0.246%	$857K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0325%	1h	7.7428	+0.192%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3166%	1h	7.7602	+0.417%	$508K	$1.0M	25x	as long as short