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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.014%
Price spread now: BloFin against SunX+0.224%55s7-day average −0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.165%+$17 on $10k
Price spread, last 4 days (all we have)+0.248%+$25 · spread now +0.224%, 7d avg −0.027%
Together, before fees+0.413%+$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.251% dearer against SunX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.027%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEN-USDT7.59700.0100pay 0.0100% / 8h4h 52m$2K$1.3M20x
ShortBloFin ZEN-USDT7.61400.0220get 0.0220% / 8h4h 52m$846K$1.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$25.2
Price spread: +0.224% → −0.027%
$25.08
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
$30.28
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: SunX: live order book, 2 min ago; BloFin: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 2 min ago500.59 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 6 min ago5.93 bp18.3 bp −$1831.9 bp −$31999.6 bp −$9,956doesn'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
ApeX Omni ZENUSDT−0.0247%1h7.5930−0.053%$26K$688K50xas long as short
dYdX ZEN-USD0.0000%1h7.6224+0.334%$9K5xas long as short
OKX ZEN-USDT-SWAP+0.0098%4h7.5880−0.118%$2.3M$5.3M50xas long as short
Aster ZENUSDT+0.0100%8h7.6064+0.123%$53K$374K10xas long as short
Binance ZENUSDT+0.0100%8h7.5930−0.053%$11.0M$30.0M75xas long as short
Bybit ZENUSDT+0.0100%8h7.5850−0.158%$4.5M$5.8M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.5940−0.039%$11.8M$5.0M200xas long as short
KuCoin ZENUSDTM+0.0100%8h7.6020+0.066%$4.1M$4.4M50xas long as short
Bitget ZENUSDT+0.0100%8h7.5870−0.132%$2.8M$3.2M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6050+0.105%$3.2Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEN+0.0100%8h7.6182+0.280%$51K$85Kas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.6164+0.255%$570K$1.9M10xas long as short
SunX ZEN-USDTlong+0.0100%8h7.5970long leg$2K$1.3M20x
Extended ZEN-USD+0.0104%1h7.5899−0.093%$24K$127K5xas long as short
BloFin ZEN-USDTshort+0.0220%8h7.6140+0.224%$846K$1.6M75x
Hyperliquid ZEN+0.0267%1h7.6145+0.230%$2.4M$1.3M5xas long as short
Kraken Futures PF_ZENUSD+0.3108%1h7.6262+0.384%$499K$1.0M25xas long as short