Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0111%/8h= +12.2% APRpaid last 24h +0.073%

Price spread now: Aster against OKX+0.137%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$820.823% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now +0.137%, 7d avg +0.099%

Together, before fees+0.191%+ Points / potential airdropAster: Stage 5 · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.039% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEN-USDT-SWAP	7.6540	−0.0051	get 0.0025% / 4h	2h 39m	$2.3M	$6.1M	50x
Short	Aster ZENUSDT	7.6645	0.0061	get 0.0061% / 8h	2h 39m	$54K	$381K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.137%Rate

Funding earned: $23.4
Price spread: +0.137% → +0.099%: $3.85
Slippage, 4 orders: −$64.31
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$55.06
Costs to cover: 0.823%
Break-even: 23.5 days

Slippage from OKX: live order book, 3 min ago; Aster: live order book, 47 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 OKX live order book, 3 min ago	1.96 bp	17.8 bp −$18	118.8 bp −$1,188	doesn't fit	doesn't fit
Sell Aster live order book, 47 min ago	7.79 bp	23.3 bp −$23	doesn't fit	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
Variational Omni ZEN	−0.0142%	8h	7.6510	−0.039%	$51K	$219K	—	as long as short
OKX ZEN-USDT-SWAPlong	−0.0051%	4h	7.6540	long leg	$2.3M	$6.1M	50x
dYdX ZEN-USD	0.0000%	1h	7.6589	+0.064%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0013%	8h	7.6650	+0.144%	$12.1M	$6.1M	200x	as long as short
Binance ZENUSDT	+0.0014%	8h	7.6638	+0.128%	$11.0M	$32.9M	75x	as long as short
KuCoin ZENUSDTM	+0.0014%	8h	7.6660	+0.157%	$4.3M	$5.2M	50x	as long as short
Extended ZEN-USD	+0.0016%	1h	7.6653	+0.148%	$25K	$110K	5x	as long as short
Bitget ZENUSDT	+0.0035%	8h	7.6560	+0.026%	$2.8M	$3.6M	50x	as long as short
BloFin ZEN-USDT	+0.0054%	8h	7.6580	+0.052%	$841K	$1.9M	75x	as long as short
Aster ZENUSDTshort	+0.0061%	8h	7.6645	+0.137%	$54K	$381K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0097%	8h	7.6600	+0.078%	—	$3.4M	—	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6728	+0.246%	$2.4M	$1.9M	5x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6610	+0.091%	$4.6M	$7.1M	75x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6332	−0.271%	$568K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6400	−0.183%	$27K	$681K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6710	+0.222%	$2K	$1.5M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1132%	1h	7.6848	+0.402%	$494K	$1.1M	25x	as long as short