Funding arb · Price arb /

ZEN

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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 −0.009%

Price spread now: Aster against SunX+0.064%7-day average +0.019% · you sell dearer than you buy

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

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.032%−$3 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.064%, 7d avg +0.019%

Together, before fees−0.007%+ Points / potential airdropAster: Stage 5 · farm board−$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: Aster is 0.045% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEN-USDT	7.7800	0.0100	pay 0.0100% / 8h	6h 10m	$1K	$1.4M	20x
Short	Aster ZENUSDT	7.7850	0.0100	get 0.0100% / 8h	6h 10m	$56K	$375K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → +0.019%: $4.54
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$11.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; Aster: live order book, 56 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 SunX live order book, 4 min ago	500.96 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 56 min ago	10.24 bp	190.1 bp −$190	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	7.7842	+0.054%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0088%	8h	7.7731	−0.088%	$52K	$84K	—	as long as short
Aster ZENUSDTshort	+0.0100%	8h	7.7850	+0.064%	$56K	$375K	10x
Binance ZENUSDT	+0.0100%	8h	7.7799	−0.001%	$11.3M	$30.9M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7780	−0.026%	$4.6M	$6.0M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7730	−0.090%	$2.4M	$5.5M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7810	+0.013%	$12.2M	$5.4M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.7820	+0.026%	$4.2M	$4.7M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7790	−0.013%	$2.9M	$3.4M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7780	−0.026%	—	$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	7.7756	−0.057%	$581K	$1.8M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7790	−0.013%	$27K	$682K	50x	as long as short
SunX ZEN-USDTlong	+0.0100%	8h	7.7800	long leg	$1K	$1.4M	20x
Extended ZEN-USD	+0.0104%	1h	7.7797	−0.004%	$24K	$124K	5x	as long as short
Hyperliquid ZEN	+0.0518%	1h	7.8042	+0.311%	$2.5M	$1.6M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3178%	1h	7.8096	+0.381%	$511K	$1.0M	25x	as long as short