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 +0.035%

Price spread now: SunX against KuCoin+0.051%7-day average −0.009% · you sell dearer than you buy

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

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 3 days (all we have)−0.172%−$17 · spread now +0.051%, 7d avg −0.009%

Together, before fees−0.009%−$1 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 0.060% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZENUSDTM	7.8050	0.0100	pay 0.0100% / 8h	6h 20m	$4.4M	$4.6M	50x
Short	SunX ZEN-USDT	7.8090	0.0100	get 0.0100% / 8h	6h 20m	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → −0.009%: $6.04
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.96
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: 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 KuCoin live order book, 3 min ago	2.55 bp	46.6 bp −$47	91.3 bp −$913	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.87 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	7.8147	+0.125%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0079%	8h	7.8131	+0.103%	$52K	$85K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.8117	+0.086%	$56K	$383K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.8040	−0.013%	$11.3M	$31.0M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7990	−0.077%	$4.6M	$6.0M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.8010	−0.051%	$2.4M	$5.6M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.8020	−0.038%	$12.2M	$5.4M	200x	as long as short
KuCoin ZENUSDTMlong	+0.0100%	8h	7.8050	long leg	$4.4M	$4.6M	50x
Bitget ZENUSDT	+0.0100%	8h	7.8030	−0.026%	$3.0M	$3.5M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.8050	0.000%	—	$3.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.8290	+0.307%	$583K	$1.8M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.8220	+0.218%	$27K	$681K	50x	as long as short
SunX ZEN-USDTshort	+0.0100%	8h	7.8090	+0.051%	$1K	$1.4M	20x
Extended ZEN-USD	+0.0104%	1h	7.8079	+0.037%	$28K	$120K	5x	as long as short
Hyperliquid ZEN	+0.0443%	1h	7.8240	+0.243%	$2.5M	$1.6M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3171%	1h	7.8248	+0.254%	$512K	$1.0M	25x	as long as short