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 −0.011%

Price spread now: Binance against SunX+0.109%7-day average +0.003% · you sell dearer than you buy

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now +0.109%, 7d avg +0.003%

Together, before fees−0.058%−$6 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: Binance is 0.106% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEN-USDT	7.7200	0.0100	pay 0.0100% / 8h	6h 32m	$1K	$1.4M	20x
Short	Binance ZENUSDT	7.7284	0.0100	get 0.0100% / 8h	6h 32m	$11.2M	$31.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → +0.003%: $10.59
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$7.41
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 min ago; Binance: live order book, 9 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, 2 min ago	500.26 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.31 bp	14.7 bp −$15	45.5 bp −$455	242.3 bp −$24.2K	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	7.7178	−0.029%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0060%	8h	7.6878	−0.417%	$51K	$85K	—	as long as short
ApeX Omni ZENUSDT	+0.0066%	1h	7.6980	−0.285%	$26K	$689K	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7218	+0.023%	$55K	$383K	10x	as long as short
Binance ZENUSDTshort	+0.0100%	8h	7.7284	+0.109%	$11.2M	$31.5M	75x
Bybit ZENUSDT	+0.0100%	8h	7.7210	+0.013%	$4.6M	$6.1M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7300	+0.130%	$2.3M	$5.6M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7290	+0.117%	$12.2M	$5.3M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.7290	+0.117%	$4.4M	$4.7M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7290	+0.117%	$2.9M	$3.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.7230	+0.039%	—	$3.3M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7010	−0.246%	$586K	$1.8M	10x	as long as short
SunX ZEN-USDTlong	+0.0100%	8h	7.7200	long leg	$1K	$1.4M	20x
Extended ZEN-USD	+0.0104%	1h	7.7260	+0.078%	$28K	$122K	5x	as long as short
Hyperliquid ZEN	+0.0406%	1h	7.7436	+0.306%	$2.5M	$1.6M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3201%	1h	7.7522	+0.417%	$507K	$1.0M	25x	as long as short