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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.015%
Price spread now: Extended against SunX+0.229%59s7-day average −0.051% · 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−0.060%−$6 on $10k
Price spread, last 3 days (all we have)−0.186%−$19 · spread now +0.229%, 7d avg −0.051%
Together, before fees−0.245%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.281% dearer against SunX than usual: you sell high and buy low (spread +0.229% now, against its 7-day average of −0.051%): +$28 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.060% in total) that is about 33 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEN-USDT7.63700.0100pay 0.0100% / 8h2h 53m$2K$1.5M20x
ShortExtended ZEN-USD7.65450.0016get 0.0002% / 1h53m 23s$25K$110K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$17.64
Price spread: +0.229% → −0.051%
$28.06
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$2.58
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: SunX: live order book, 11 min ago; Extended: live order book, 32 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, 11 min ago500.46 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 32 min ago2.80 bp20.6 bp −$21150.7 bp −$1,507doesn't fitdoesn'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
Variational Omni ZEN−0.0165%8h7.6195−0.230%$51K$232Kas long as short
OKX ZEN-USDT-SWAP−0.0025%4h7.6480+0.144%$2.3M$6.5M50xas long as short
dYdX ZEN-USD0.0000%1h7.6489+0.156%$9K5xas long as short
MEXC ZEN_USDT+0.0011%8h7.6560+0.249%$12.1M$6.0M200xas long as short
Binance ZENUSDT+0.0013%8h7.6553+0.239%$11.0M$33.8M75xas long as short
Extended ZEN-USDshort+0.0016%1h7.6545+0.229%$25K$110K5x
KuCoin ZENUSDTM+0.0017%8h7.6580+0.275%$4.3M$5.3M50xas long as short
Bitget ZENUSDT+0.0039%8h7.6540+0.223%$2.8M$3.7M50xas long as short
BloFin ZEN-USDT+0.0045%8h7.6640+0.354%$842K$2.0M75xas long as short
Aster ZENUSDT+0.0058%8h7.6549+0.234%$54K$388K10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid ZEN+0.0100%1h7.6770+0.524%$2.4M$2.1M5xas long as short
Bybit ZENUSDT+0.0100%8h7.6530+0.210%$4.6M$7.5M75xas long as short
BingX ZEN-USDT+0.0100%8h7.6510+0.183%$3.4Mas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.6518+0.194%$580K$1.6M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6310−0.079%$27K$683K50xas long as short
SunX ZEN-USDTlong+0.0100%8h7.6370long leg$2K$1.5M20x
Kraken Futures PF_ZENUSD+0.1137%1h7.6516+0.191%$492K$1.1M25xas long as short