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

ZEN

all ZEN markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.008%
Price spread now: Aster against ApeX Omni−0.493%79s7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2472.468% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.027%+$3 on $10k
Price spread, last 4 days (all we have)−0.610%−$61 · spread now −0.493%, 7d avg −0.016%
Together, before fees−0.583%+ Points / potential airdropAster: Stage 5 · farm board−$58 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.477% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.493% now, against its 7-day average of −0.016%). If the spread goes back, that is −$48 on $10k: about 10 days of funding at the current rate (+$5 a day). At the pace of the last 5 days (+0.027% in total) that is about 3 months. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZENUSDT7.7370−0.0059get 0.0007% / 1h46m 10s$26K$687K50x
ShortAster ZENUSDT7.69890.0100get 0.0100% / 8h6h 46m$55K$383K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against ApeX 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
$33.3
Price spread: −0.493% → −0.016%
−$47.7
Slippage, 4 orders
−$228.79
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$261.19
Costs to cover
2.468%
Break-even
61.9 days
Slippage from ApeX Omni: live order book, 22 min ago; Aster: live order book, 21 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 22 min ago8.97 bp16.5 bp −$16106.8 bp −$1,068doesn't fitdoesn't fit
Sell Aster live order book, 21 min ago10.24 bp190.1 bp −$190doesn't fitdoesn'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
ApeX Omni ZENUSDTlong−0.0059%1h7.7370long leg$26K$687K50x
dYdX ZEN-USD0.0000%1h7.7048−0.417%$9K5xas long as short
Variational Omni ZEN+0.0053%8h7.6978−0.507%$51K$85Kas long as short
Aster ZENUSDTshort+0.0100%8h7.6989−0.493%$55K$383K10x
Binance ZENUSDT+0.0100%8h7.7046−0.419%$11.1M$31.5M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7030−0.439%$4.6M$6.1M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.6970−0.517%$2.3M$5.7M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.6940−0.556%$12.2M$5.3M200xas long as short
KuCoin ZENUSDTM+0.0100%8h7.7020−0.452%$4.4M$4.7M50xas long as short
Bitget ZENUSDT+0.0100%8h7.6990−0.491%$2.9M$3.5M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ZEN-USDT+0.0100%8h7.7010−0.465%$3.3Mas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.7440+0.090%$589K$1.8M10xas long as short
SunX ZEN-USDT+0.0100%8h7.6960−0.530%$1K$1.4M20xas long as short
Extended ZEN-USD+0.0104%1h7.6954−0.538%$28K$122K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7330−0.052%$864K$1.7M75xas long as short
Hyperliquid ZEN+0.0450%1h7.7166−0.264%$2.4M$1.7M5xas long as short
Kraken Futures PF_ZENUSD+0.3212%1h7.7258−0.144%$505K$1.0M25xas long as short