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+0.0016%/8h= +1.8% APRpaid last 24h +0.015%
Price spread now: Bitget against Extended+0.037%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$710.710% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.037%, 7d avg +0.030%
Together, before fees−0.039%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ZEN-USD7.68720.0032pay 0.0004% / 1h16m 11s$25K$110K5x
ShortBitget ZENUSDT7.69000.0048get 0.0048% / 8h2h 16m$2.8M$3.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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
$3.36
Price spread: +0.037% → +0.030%
$0.7
Slippage, 4 orders
−$54.01
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$66.96
Costs to cover
0.710%
Break-even
146.5 days
Slippage from Extended: live order book, 4 min ago; Bitget: live order book, 2 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 Extended live order book, 4 min ago2.02 bp19.6 bp −$20190.3 bp −$1,903doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago3.91 bp17.1 bp −$1733.0 bp −$330doesn'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−0.0086%8h7.6851−0.027%$51K$154Kas long as short
OKX ZEN-USDT-SWAP−0.0023%4h7.6770−0.132%$2.3M$5.9M50xas long as short
dYdX ZEN-USD0.0000%1h7.7006+0.175%$9K5xas long as short
MEXC ZEN_USDT+0.0030%8h7.6870−0.002%$12.2M$6.1M200xas long as short
Binance ZENUSDT+0.0030%8h7.6856−0.021%$11.0M$32.3M75xas long as short
Extended ZEN-USDlong+0.0032%1h7.6872long leg$25K$110K5x
KuCoin ZENUSDTM+0.0044%8h7.6920+0.063%$4.3M$5.2M50xas long as short
Bitget ZENUSDTshort+0.0048%8h7.6900+0.037%$2.8M$3.5M50x
Aster ZENUSDT+0.0082%8h7.6854−0.024%$54K$381K10xas long as short
Hyperliquid ZEN+0.0100%1h7.7011+0.181%$2.4M$1.9M5xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZENUSDT+0.0100%8h7.6820−0.067%$4.6M$6.9M75xas long as short
BingX ZEN-USDT+0.0100%8h7.6880+0.011%$3.4Mas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.6807−0.084%$585K$1.6M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6850−0.028%$27K$681K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6910+0.050%$2K$1.4M20xas long as short
BloFin ZEN-USDT+0.0121%8h7.6860−0.015%$833K$1.9M75xas long as short
Kraken Futures PF_ZENUSD+0.1128%1h7.7160+0.375%$496K$1.1M25xas long as short