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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.065%
Price spread now: Bitget against OKX+0.013%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$690.690% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.126%+$13 on $10k
Price spread, last 7 days−0.061%−$6 · spread now +0.013%, 7d avg +0.007%
Together, before fees+0.065%+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZEN-USDT-SWAP7.71400.0089pay 0.0045% / 4h1h 17m$2.3M$5.4M50x
ShortBitget ZENUSDT7.71500.0100get 0.0100% / 8h5h 17m$2.9M$3.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$2.27
Price spread: +0.013% → +0.007%
$0.6
Slippage, 4 orders
−$46.99
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$66.13
Costs to cover
0.690%
Break-even
210.7 days
Slippage from OKX: live order book, 5 min ago; Bitget: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago1.29 bp14.9 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, just now3.89 bp19.1 bp −$1939.0 bp −$390doesn't fitdoesn't fit

ZEN on 17 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-USD0.0000%1h7.7220+0.103%$9K5xas long as short
OKX ZEN-USDT-SWAPlong+0.0089%4h7.7140long leg$2.3M$5.4M50x
Aster ZENUSDT+0.0100%8h7.7133−0.009%$53K$375K10xas long as short
Binance ZENUSDT+0.0100%8h7.7139−0.001%$11.2M$29.9M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7100−0.052%$4.6M$5.8M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.7160+0.026%$12.0M$5.0M200xas long as short
KuCoin ZENUSDTM+0.0100%8h7.7190+0.065%$4.1M$4.5M50xas long as short
Bitget ZENUSDTshort+0.0100%8h7.7150+0.013%$2.9M$3.2M50x
BingX ZEN-USDT+0.0100%8h7.7160+0.026%$3.2Mas long as short
Variational Omni ZEN+0.0100%8h7.7291+0.195%$52K$83Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.7211+0.092%$584K$1.9M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7400+0.337%$26K$684K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7210+0.091%$2K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.7142+0.003%$25K$127K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7100−0.052%$842K$1.6M75xas long as short
Hyperliquid ZEN+0.0321%1h7.7319+0.232%$2.5M$1.3M5xas long as short
Kraken Futures PF_ZENUSD+0.3172%1h7.7451+0.403%$507K$1.0M25xas long as short