Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: ApeX Omni against Aster+0.070%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.477%+$48 · spread now +0.070%, 7d avg +0.009%

Together, before fees+0.450%+ Points / potential airdropAster: Stage 5 · farm board+$45 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: ApeX Omni is 0.061% dearer against Aster than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZENUSDT	7.6936	0.0100	pay 0.0100% / 8h	7h 33m	$41K	$394K	10x
Short	ApeX Omni ZENUSDT	7.6990	0.0100	get 0.0013% / 1h	33m 01s	$27K	$667K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.009%: $6.1
Slippage, 4 orders: −$51.68
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$63.58
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from Aster: live order book, 64 min ago; ApeX Omni: live order book, 65 min ago.

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 Aster live order book, 64 min ago	6.48 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 65 min ago	5.83 bp	13.8 bp −$14	99.4 bp −$994	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
dYdX ZEN-USD	0.0000%	1h	7.6783	−0.199%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0020%	8h	7.6840	−0.125%	$4.1M	$3.8M	50x	as long as short
Aster ZENUSDTlong	+0.0100%	8h	7.6936	long leg	$41K	$394K	10x
Binance ZENUSDT	+0.0100%	8h	7.6837	−0.129%	$11.0M	$29.7M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6820	−0.151%	$4.5M	$5.5M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6820	−0.151%	$2.3M	$5.3M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6890	−0.060%	$12.2M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6800	−0.177%	$2.8M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6830	−0.138%	—	$2.9M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.6902	−0.044%	$55K	$69K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6930	−0.008%	$578K	$2.9M	10x	as long as short
ApeX Omni ZENUSDTshort	+0.0100%	1h	7.6990	+0.070%	$27K	$667K	50x
SunX ZEN-USDT	+0.0100%	8h	7.6780	−0.203%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6859	−0.100%	$24K	$236K	5x	as long as short
Hyperliquid ZEN	+0.0208%	1h	7.7046	+0.143%	$2.4M	$1.3M	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6810	−0.164%	$835K	$1.7M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.1711%	1h	7.6836	−0.130%	$493K	$751K	25x	as long as short