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: SunX against GRVT+0.378%74s7-day average +0.066% · you sell dearer than you buy

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

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.688%−$69 · spread now +0.378%, 7d avg +0.066%

Together, before fees−0.688%+ Points / potential airdropGRVT: Active · farm board−$69 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 0.312% dearer against GRVT than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.066%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ZEN_USDT_Perp	7.6670	0.0100	pay 0.0100% / 8h	3h 59m	$574K	$2.1M	10x
Short	SunX ZEN-USDT	7.6960	0.0100	get 0.0100% / 8h	3h 59m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GRVT. 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 GRVTbpFee SunXbpOrdersPrice spread, now +0.378%Rate

Funding earned: $0
Price spread: +0.378% → +0.066%: $31.2
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: $14.2
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: GRVT: live order book, 3 min ago; SunX: live order book, 4 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 GRVT live order book, 3 min ago	1.96 bp	16.6 bp −$17	48.0 bp −$480	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.16 bp	doesn't fit	doesn't fit	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	7.6930	+0.340%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0070%	4h	7.6930	+0.339%	$2.3M	$5.4M	50x	as long as short
KuCoin ZENUSDTM	+0.0081%	8h	7.6900	+0.300%	$4.1M	$4.3M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6974	+0.397%	$51K	$379K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6939	+0.351%	$11.1M	$30.2M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6920	+0.326%	$4.5M	$5.9M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6930	+0.339%	$11.6M	$5.1M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6930	+0.339%	$2.9M	$3.2M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6780	+0.143%	—	$3.1M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.6817	+0.191%	$55K	$89K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perplong	+0.0100%	8h	7.6670	long leg	$574K	$2.1M	10x
ApeX Omni ZENUSDT	+0.0100%	1h	7.6650	−0.026%	$27K	$681K	50x	as long as short
SunX ZEN-USDTshort	+0.0100%	8h	7.6960	+0.378%	$2K	$1.3M	20x
Extended ZEN-USD	+0.0104%	1h	7.6912	+0.316%	$22K	$142K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6800	+0.170%	$833K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0371%	1h	7.7127	+0.596%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3072%	1h	7.7154	+0.631%	$500K	$1.0M	25x	as long as short