Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h −0.007%

Price spread now: OKX against Variational Omni+0.085%7-day average −0.002% · you sell dearer than you buy

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.033%+$3 on $10k

Price spread, last 3 days (all we have)−0.545%−$54 · spread now +0.085%, 7d avg −0.002%

Together, before fees−0.512%+ Points / potential airdropVariational Omni: Active · farm board−$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.086% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZEN	7.6295	−0.0155	get 0.0155% / 8h	2h 44m	$51K	$219K	—
Short	OKX ZEN-USDT-SWAP	7.6360	−0.0063	pay 0.0032% / 4h	2h 44m	$2.3M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee Variational OmnibpFee OKXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $19.24
Price spread: +0.085% → −0.002%: $8.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $17.87
Costs to cover: 0.100%
Break-even: 0.5 days

Slippage unknown: Variational Omni: RFQ quote, 44 min ago; OKX: 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 Variational Omni RFQ quote, 44 min ago	5.95 bp	doesn't fit	146.9 bp −$1,469	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	3.28 bp	24.8 bp −$25	85.3 bp −$853	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
Variational Omni ZENlong	−0.0155%	8h	7.6295	long leg	$51K	$219K	—
OKX ZEN-USDT-SWAPshort	−0.0063%	4h	7.6360	+0.085%	$2.3M	$6.2M	50x
dYdX ZEN-USD	0.0000%	1h	7.6370	+0.098%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0006%	8h	7.6380	+0.111%	$4.2M	$5.3M	50x	as long as short
MEXC ZEN_USDT	+0.0007%	8h	7.6370	+0.098%	$12.0M	$6.1M	200x	as long as short
Binance ZENUSDT	+0.0008%	8h	7.6410	+0.150%	$10.9M	$33.1M	75x	as long as short
Extended ZEN-USD	+0.0008%	1h	7.6401	+0.139%	$25K	$110K	5x	as long as short
BloFin ZEN-USDT	+0.0031%	8h	7.6360	+0.085%	$838K	$1.9M	75x	as long as short
Bitget ZENUSDT	+0.0031%	8h	7.6360	+0.085%	$2.8M	$3.6M	50x	as long as short
Aster ZENUSDT	+0.0055%	8h	7.6306	+0.013%	$54K	$381K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZENUSDT	+0.0097%	8h	7.6380	+0.111%	$4.6M	$7.2M	75x	as long as short
BingX ZEN-USDT	+0.0097%	8h	7.6360	+0.085%	—	$3.4M	—	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6482	+0.245%	$2.4M	$2.1M	5x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6311	+0.021%	$568K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6350	+0.072%	$27K	$682K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6440	+0.190%	$2K	$1.5M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1137%	1h	7.6545	+0.327%	$493K	$1.1M	25x	as long as short