Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.016%

Price spread now: SunX against Extended−0.013%7-day average +0.048% · you buy dearer than you sell

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

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.013%, 7d avg +0.048%

Together, before fees+0.083%+ Points / potential airdropExtended: Active · farm board+$8 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 0.061% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZEN-USD	7.7640	0.0104	pay 0.0013% / 1h	28m 11s	$28K	$122K	5x
Short	SunX ZEN-USDT	7.7630	0.0100	get 0.0100% / 8h	6h 28m	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee ExtendedbpFee SunXbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$0.84
Price spread: −0.013% → +0.048%: −$6.07
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$19.91
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 37 min ago; SunX: live order book, 6 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 Extended live order book, 37 min ago	2.76 bp	19.2 bp −$19	175.2 bp −$1,752	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	500.26 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

ZEN on 16 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	7.7368	−0.351%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0062%	8h	7.7163	−0.614%	$52K	$85K	—	as long as short
ApeX Omni ZENUSDT	+0.0098%	1h	7.7220	−0.541%	$26K	$682K	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7631	−0.011%	$56K	$383K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7697	+0.073%	$11.2M	$31.2M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7640	0.000%	$4.6M	$6.0M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7670	+0.039%	$2.3M	$5.6M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7690	+0.064%	$12.2M	$5.3M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.7680	+0.052%	$4.4M	$4.7M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7750	+0.142%	$2.9M	$3.4M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.7690	+0.064%	—	$3.3M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7050	−0.760%	$586K	$1.8M	10x	as long as short
SunX ZEN-USDTshort	+0.0100%	8h	7.7630	−0.013%	$1K	$1.4M	20x
Extended ZEN-USDlong	+0.0104%	1h	7.7640	long leg	$28K	$122K	5x
Hyperliquid ZEN	+0.0379%	1h	7.7868	+0.294%	$2.5M	$1.6M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3183%	1h	7.7966	+0.419%	$510K	$1.0M	25x	as long as short