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 0.000%

Price spread now: Bitget against SunX−0.144%7-day average −0.015% · you buy dearer than you sell

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.144%, 7d avg −0.015%

Together, before fees+0.229%+$23 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: Bitget is 0.129% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEN-USDT	7.6130	0.0100	pay 0.0100% / 8h	2h 44m	$1K	$1.3M	20x
Short	Bitget ZENUSDT	7.6020	0.0100	get 0.0100% / 8h	2h 44m	$2.8M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → −0.015%: −$12.93
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$32.93
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Bitget: 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, 10 min ago	516.98 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.29 bp	11.4 bp −$11	31.8 bp −$318	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
dYdX ZEN-USD	0.0000%	1h	7.6158	+0.037%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0061%	8h	7.6110	−0.026%	$4.0M	$4.2M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0073%	4h	7.6060	−0.092%	$2.2M	$5.2M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6208	+0.102%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6170	+0.052%	$43K	$387K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6116	−0.019%	$10.9M	$29.8M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6070	−0.079%	$4.5M	$5.7M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6060	−0.092%	$11.5M	$4.9M	200x	as long as short
Bitget ZENUSDTshort	+0.0100%	8h	7.6020	−0.144%	$2.8M	$3.1M	50x
BingX ZEN-USDT	+0.0100%	8h	7.6040	−0.118%	—	$3.1M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.6032	−0.129%	$54K	$89K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6045	−0.112%	$571K	$2.3M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6230	+0.131%	$26K	$679K	50x	as long as short
SunX ZEN-USDTlong	+0.0100%	8h	7.6130	long leg	$1K	$1.3M	20x
Extended ZEN-USD	+0.0104%	1h	7.6118	−0.016%	$22K	$134K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6120	−0.013%	$819K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.3109%	1h	7.6287	+0.206%	$487K	$1.0M	25x	as long as short