Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against SunX−0.077%7-day average −0.028% · you buy dearer than you sell

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

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.176%+$18 · spread now −0.077%, 7d avg −0.028%

Together, before fees+0.176%+$18 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: BingX is 0.049% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEN-USDT	7.7910	0.0100	pay 0.0100% / 8h	31m 43s	$2K	$1.4M	20x
Short	BingX ZEN-USDT	7.7850	0.0100	get 0.0100% / 8h	31m 43s	—	$3.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.028%: −$4.86
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.86
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago	500.99 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	3.85 bp	14.6 bp −$15	39.1 bp −$391	203.0 bp −$20.3K	492.9 bp −$246.5K

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	−0.0033%	8h	7.7836	−0.095%	$52K	$85K	—	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7896	−0.018%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0015%	8h	7.7890	−0.026%	$4.5M	$5.0M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0019%	4h	7.7820	−0.116%	$2.3M	$5.9M	50x	as long as short
Bybit ZENUSDT	+0.0057%	8h	7.7790	−0.154%	$4.7M	$6.3M	75x	as long as short
Extended ZEN-USD	+0.0064%	1h	7.7865	−0.057%	$26K	$118K	5x	as long as short
MEXC ZEN_USDT	+0.0067%	8h	7.7870	−0.051%	$12.6M	$5.4M	200x	as long as short
Binance ZENUSDT	+0.0068%	8h	7.7880	−0.039%	$11.3M	$31.6M	75x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7882	−0.036%	$53K	$375K	10x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7830	−0.103%	$2.9M	$3.5M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDTshort	+0.0100%	8h	7.7850	−0.077%	—	$3.4M	—
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7921	+0.014%	$581K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7880	−0.039%	$27K	$683K	50x	as long as short
SunX ZEN-USDTlong	+0.0100%	8h	7.7910	long leg	$2K	$1.4M	20x
BloFin ZEN-USDT	+0.0186%	8h	7.7940	+0.039%	$846K	$1.8M	75x	as long as short
Hyperliquid ZEN	+0.0460%	1h	7.8083	+0.222%	$2.5M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2634%	1h	7.8267	+0.458%	$512K	$1.0M	25x	as long as short