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

ZEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.042%
Price spread now: SunX against Hyperliquid−0.119%7-day average −0.132% · you buy dearer than you sell
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−0.044%−$4 on $10k
Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.119%, 7d avg −0.132%
Together, before fees−0.045%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.132%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ZEN7.66310.0201pay 0.0025% / 1h32m 51s$2.5M$1.3M5x
ShortSunX ZEN-USDT7.65400.0100get 0.0100% / 8h3h 32m$1K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Hyperliquid. 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
−$21.28
Price spread: −0.119% → −0.132%
$1.36
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$36.92
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; SunX: live order book, 11 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 Hyperliquid live order book, 8 min ago4.85 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 11 min ago500.79 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
dYdX ZEN-USD0.0000%1h7.6310−0.419%$9K5xas long as short
KuCoin ZENUSDTM+0.0048%8h7.6430−0.262%$4.1M$4.3M50xas long as short
OKX ZEN-USDT-SWAP+0.0063%4h7.6480−0.197%$2.2M$5.2M50xas long as short
Aster ZENUSDT+0.0100%8h7.6435−0.256%$47K$385K10xas long as short
Binance ZENUSDT+0.0100%8h7.6485−0.190%$11.0M$29.8M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6460−0.223%$4.5M$5.8M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.6490−0.184%$11.7M$5.0M200xas long as short
Bitget ZENUSDT+0.0100%8h7.6460−0.223%$2.8M$3.0M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6370−0.341%$3.1Mas long as short
Variational Omni ZEN+0.0100%8h7.6212−0.547%$54K$89Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6330−0.393%$569K$2.2M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6390−0.314%$26K$683K50xas long as short
SunX ZEN-USDTshort+0.0100%8h7.6540−0.119%$1K$1.3M20x
Extended ZEN-USD+0.0104%1h7.6468−0.212%$25K$142K5xas long as short
Hyperliquid ZENlong+0.0201%1h7.6631long leg$2.5M$1.3M5x
BloFin ZEN-USDT+0.0220%8h7.6420−0.275%$827K$1.5M75xas long as short
Kraken Futures PF_ZENUSD+0.2338%1h7.6724+0.121%$495K$1.0M25xas long as short