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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.013%
Price spread now: Hyperliquid against BloFin+0.306%67s7-day average +0.144% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.136%−$14 on $10k
Price spread, last 3 days (all we have)−0.232%−$23 · spread now +0.306%, 7d avg +0.144%
Together, before fees−0.368%+ Points / potential airdropHyperliquid: Season 2 · farm board−$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.161% dearer against BloFin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.144%. Mind the row above: over the last 7 days funding on this pair cost −0.136%, so the current rate has only just turned in your favour. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZEN-USDT7.65800.0054pay 0.0054% / 8h2h 40m$841K$1.9M75x
ShortHyperliquid ZEN7.68140.0100get 0.0013% / 1h40m 16s$2.4M$2.1M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
$9.56
Price spread: +0.306% → +0.144%
$16.11
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$4.67
Costs to cover
0.210%
Break-even
3.6 days
Slippage unknown: BloFin: live order book, 3 min ago; Hyperliquid: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 3 min ago1.96 bp16.7 bp −$1726.5 bp −$265doesn't fitdoesn't fit
Sell Hyperliquid live order book, 1 min ago1.30 bpdoesn't fitdoesn't fitdoesn'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
Variational Omni ZEN−0.0142%8h7.6510−0.091%$51K$219Kas long as short
OKX ZEN-USDT-SWAP−0.0051%4h7.6610+0.039%$2.3M$6.1M50xas long as short
dYdX ZEN-USD0.0000%1h7.6589+0.012%$9K5xas long as short
MEXC ZEN_USDT+0.0013%8h7.6660+0.104%$12.1M$6.1M200xas long as short
Binance ZENUSDT+0.0014%8h7.6670+0.118%$11.0M$32.9M75xas long as short
KuCoin ZENUSDTM+0.0014%8h7.6650+0.091%$4.3M$5.3M50xas long as short
Extended ZEN-USD+0.0016%1h7.6634+0.071%$25K$110K5xas long as short
Bitget ZENUSDT+0.0035%8h7.6610+0.039%$2.8M$3.6M50xas long as short
BloFin ZEN-USDTlong+0.0054%8h7.6580long leg$841K$1.9M75x
Aster ZENUSDT+0.0061%8h7.6640+0.079%$54K$381K10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ZEN-USDT+0.0097%8h7.6620+0.052%$3.4Mas long as short
Hyperliquid ZENshort+0.0100%1h7.6814+0.306%$2.4M$2.1M5x
Bybit ZENUSDT+0.0100%8h7.6600+0.026%$4.6M$7.1M75xas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.6332−0.323%$568K$1.6M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6400−0.235%$27K$681K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6710+0.170%$2K$1.5M20xas long as short
Kraken Futures PF_ZENUSD+0.1132%1h7.6848+0.349%$494K$1.1M25xas long as short