Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against MEXC+0.302%66s7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as 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−$450.453% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.302%, 7d avg +0.023%

Together, before fees−0.042%−$4 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 0.279% dearer against MEXC than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 66 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	MEXC ZEN_USDT	7.6180	0.0100	pay 0.0100% / 8h	3h 02m	$11.5M	$5.0M	200x
Short	ApeX Omni ZENUSDT	7.6410	0.0100	get 0.0013% / 1h	2m 16s	$26K	$681K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.302%Rate

Funding earned: $0
Price spread: +0.302% → +0.023%: $27.89
Slippage, 4 orders: −$31.31
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$17.42
Costs to cover: 0.453%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; ApeX Omni: live order book, 51 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 MEXC live order book, 1 min ago	0.66 bp	7.7 bp −$8	19.8 bp −$198	95.7 bp −$9,575	doesn't fit
Sell ApeX Omni live order book, 51 min ago	6.51 bp	14.3 bp −$14	113.7 bp −$1,137	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	7.6237	+0.075%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0048%	8h	7.6200	+0.026%	$4.0M	$4.2M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0052%	4h	7.6140	−0.053%	$2.2M	$5.2M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6163	−0.022%	$43K	$385K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6110	−0.092%	$10.9M	$29.8M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6100	−0.105%	$4.4M	$5.7M	75x	as long as short
MEXC ZEN_USDTlong	+0.0100%	8h	7.6180	long leg	$11.5M	$5.0M	200x
Bitget ZENUSDT	+0.0100%	8h	7.6140	−0.053%	$2.8M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6150	−0.039%	—	$3.1M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.6472	+0.383%	$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	7.6372	+0.252%	$574K	$2.3M	10x	as long as short
ApeX Omni ZENUSDTshort	+0.0100%	1h	7.6410	+0.302%	$26K	$681K	50x
SunX ZEN-USDT	+0.0100%	8h	7.6200	+0.026%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6129	−0.067%	$25K	$133K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6290	+0.144%	$826K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0260%	1h	7.6316	+0.179%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2350%	1h	7.6329	+0.196%	$492K	$1.0M	25x	as long as short