Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: SunX against ApeX Omni+0.117%7-day average −0.014% · you sell dearer than you buy

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

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 3 days (all we have)−0.729%−$73 · spread now +0.117%, 7d avg −0.014%

Together, before fees−0.657%−$66 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.131% dearer against ApeX Omni than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZENUSDT	7.7060	0.0100	pay 0.0013% / 1h	30m 51s	$27K	$684K	50x
Short	SunX ZEN-USDT	7.7150	0.0100	get 0.0100% / 8h	3h 30m	$1K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee SunXbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → −0.014%: $13.06
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.94
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 18 min ago; SunX: live order book, 5 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 ApeX Omni live order book, 18 min ago	6.55 bp	14.0 bp −$14	109.2 bp −$1,092	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	500.58 bp	doesn't fit	doesn't fit	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 ZEN	−0.0202%	8h	7.6976	−0.109%	$51K	$250K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0042%	4h	7.7170	+0.143%	$2.3M	$7.3M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7219	+0.207%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0031%	8h	7.7240	+0.234%	$12.3M	$6.6M	200x	as long as short
Binance ZENUSDT	+0.0032%	8h	7.7216	+0.202%	$10.9M	$35.2M	75x	as long as short
Extended ZEN-USD	+0.0032%	1h	7.7203	+0.185%	$25K	$110K	5x	as long as short
KuCoin ZENUSDTM	+0.0042%	8h	7.7230	+0.221%	$4.4M	$5.5M	50x	as long as short
Bitget ZENUSDT	+0.0045%	8h	7.7190	+0.169%	$2.8M	$4.0M	50x	as long as short
Aster ZENUSDT	+0.0074%	8h	7.7219	+0.206%	$40K	$316K	10x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7160	+0.130%	$4.6M	$8.7M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.7200	+0.182%	—	$3.5M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7170	+0.143%	$579K	$1.5M	10x	as long as short
ApeX Omni ZENUSDTlong	+0.0100%	1h	7.7060	long leg	$27K	$684K	50x
SunX ZEN-USDTshort	+0.0100%	8h	7.7150	+0.117%	$1K	$1.5M	20x
BloFin ZEN-USDT	+0.0127%	8h	7.7150	+0.117%	$828K	$2.1M	75x	as long as short
Hyperliquid ZEN	+0.0242%	1h	7.7452	+0.509%	$2.5M	$2.5M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.1341%	1h	7.7332	+0.353%	$491K	$1.2M	25x	as long as short