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+0.0015%/8h= +1.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.064%
Price spread now: Bitget against Variational Omni+0.147%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bitget is 0.147% dearer against Variational Omni than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZEN7.76860.0085pay 0.0085% / 8h6h 11m$52K$84K
ShortBitget ZENUSDT7.78000.0100get 0.0100% / 8h6h 11m$2.9M$3.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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
$3.2
Price spread: +0.147% → 0.000%
$14.72
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
$5.92
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Bitget: live order book, 2 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 Variational Omni no order-book sample
Sell Bitget live order book, 2 min ago4.50 bp16.4 bp −$1647.8 bp −$478doesn't fitdoesn't fit
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ZEN on 16 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
dYdX ZEN-USD0.0000%1h7.7842+0.202%$9K5xas long as short
Variational Omni ZENlong+0.0085%8h7.7686long leg$52K$84K
Aster ZENUSDT+0.0100%8h7.7780+0.122%$56K$375K10xas long as short
Binance ZENUSDT+0.0100%8h7.7849+0.210%$11.3M$30.9M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7790+0.134%$4.6M$6.0M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.7790+0.134%$2.4M$5.5M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.7830+0.186%$12.2M$5.4M200xas long as short
KuCoin ZENUSDTM+0.0100%8h7.7830+0.186%$4.2M$4.7M50xas long as short
Bitget ZENUSDTshort+0.0100%8h7.7800+0.147%$2.9M$3.4M50x
BingX ZEN-USDT+0.0100%8h7.7790+0.134%$3.2Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.7756+0.090%$581K$1.8M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7790+0.134%$27K$682K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7800+0.147%$1K$1.4M20xas long as short
Extended ZEN-USD+0.0104%1h7.7773+0.113%$24K$124K5xas long as short
Hyperliquid ZEN+0.0515%1h7.7934+0.320%$2.5M$1.6M5xas long as short
Kraken Futures PF_ZENUSD+0.3178%1h7.8096+0.528%$511K$1.0M25xas long as short