Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.023%

Price spread now: ApeX Omni against KuCoin−0.052%82s7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$770.771% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+0.502%+$50 · spread now −0.052%, 7d avg +0.024%

Together, before fees+0.594%+$59 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: ApeX Omni is 0.076% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.024%. The two prices were read 82 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	KuCoin ZENUSDTM	7.6740	0.0100	pay 0.0100% / 8h	4h 22m	$4.1M	$4.4M	50x
Short	ApeX Omni ZENUSDT	7.6700	0.0100	get 0.0013% / 1h	22m 04s	$27K	$686K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → +0.024%: −$7.62
Slippage, 4 orders: −$55.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$84.73
Costs to cover: 0.771%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; ApeX Omni: live order book, 36 min ago.

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 KuCoin live order book, 1 min ago	2.60 bp	22.1 bp −$22	85.1 bp −$851	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 36 min ago	6.56 bp	13.3 bp −$13	105.9 bp −$1,059	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	7.6743	+0.004%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6740	0.000%	$2.3M	$5.4M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6823	+0.108%	$53K	$374K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6770	+0.039%	$11.1M	$30.1M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6770	+0.039%	$4.5M	$5.9M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6800	+0.078%	$11.7M	$5.1M	200x	as long as short
KuCoin ZENUSDTMlong	+0.0100%	8h	7.6740	long leg	$4.1M	$4.4M	50x
Bitget ZENUSDT	+0.0100%	8h	7.6760	+0.026%	$2.9M	$3.2M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6770	+0.039%	—	$3.1M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.6501	−0.312%	$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_Perp	+0.0100%	8h	7.6440	−0.391%	$574K	$2.0M	10x	as long as short
ApeX Omni ZENUSDTshort	+0.0100%	1h	7.6700	−0.052%	$27K	$686K	50x
SunX ZEN-USDT	+0.0100%	8h	7.6810	+0.091%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6807	+0.087%	$22K	$144K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6740	0.000%	$819K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0336%	1h	7.6953	+0.278%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3080%	1h	7.6954	+0.279%	$498K	$1.0M	25x	as long as short