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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.005%
Price spread now: dYdX against KuCoin−0.147%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.147% cheaper against KuCoin than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZENUSDTM7.78000.0100pay 0.0100% / 8h6h 04m$4.2M$4.7M50x
ShortdYdX ZEN-USD7.76860get 0.0000% / 1h4m 11s$9K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
−$21
Price spread: −0.147% → 0.000%
−$14.65
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$57.65
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 4 min ago; dYdX: no order-book sample. 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 KuCoin live order book, 4 min ago2.58 bp38.1 bp −$3896.9 bp −$969doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEN on 16 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-USDshort0.0000%1h7.7686−0.147%$9K5x
Variational Omni ZEN+0.0093%8h7.7571−0.294%$52K$84Kas long as short
Aster ZENUSDT+0.0100%8h7.7846+0.059%$56K$375K10xas long as short
Binance ZENUSDT+0.0100%8h7.7855+0.071%$11.3M$30.6M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7810+0.013%$4.6M$5.9M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.78000.000%$2.3M$5.5M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.7860+0.077%$12.2M$5.4M200xas long as short
KuCoin ZENUSDTMlong+0.0100%8h7.7800long leg$4.2M$4.7M50x
Bitget ZENUSDT+0.0100%8h7.7870+0.090%$2.9M$3.3M50xas long as short
BingX ZEN-USDT+0.0100%8h7.7830+0.039%$3.2Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.7489−0.400%$579K$1.8M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7520−0.360%$26K$682K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7930+0.167%$1K$1.4M20xas long as short
Extended ZEN-USD+0.0104%1h7.7838+0.048%$24K$124K5xas long as short
Hyperliquid ZEN+0.0573%1h7.8005+0.263%$2.5M$1.4M5xas long as short
Kraken Futures PF_ZENUSD+0.3176%1h7.8141+0.439%$511K$1.0M25xas long as short