Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Binance against Aster+0.248%7-day average −0.020% · 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−$182as in the Price arb table

costs, in and out, $10k−$2092.090% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.438%−$44 · spread now +0.248%, 7d avg −0.020%

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: Binance is 0.268% dearer against Aster than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZENUSDT	7.6527	0.0100	pay 0.0100% / 8h	3h 53m	$48K	$380K	10x
Short	Binance ZENUSDT	7.6717	0.0100	get 0.0100% / 8h	3h 53m	$11.0M	$30.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.248%Rate

Funding earned: $0
Price spread: +0.248% → −0.020%: $26.83
Slippage, 4 orders: −$190.96
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$182.13
Costs to cover: 2.090%
Break-even: never at this rate

Slippage from Aster: live order book, 64 min ago; Binance: live order book, 3 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	10.53 bp	25.4 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.31 bp	14.8 bp −$15	39.2 bp −$392	186.5 bp −$18.7K	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	7.6556	+0.037%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0067%	8h	7.6520	−0.009%	$4.1M	$4.3M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0081%	4h	7.6760	+0.304%	$2.3M	$5.3M	50x	as long as short
Aster ZENUSDTlong	+0.0100%	8h	7.6527	long leg	$48K	$380K	10x
Binance ZENUSDTshort	+0.0100%	8h	7.6717	+0.248%	$11.0M	$30.3M	75x
Bybit ZENUSDT	+0.0100%	8h	7.6700	+0.226%	$4.5M	$5.9M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6680	+0.200%	$11.6M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6660	+0.174%	$2.8M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6690	+0.213%	—	$3.1M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.6502	−0.033%	$55K	$89K	—	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	7.6600	+0.095%	$578K	$2.1M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6720	+0.252%	$27K	$681K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6470	−0.075%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6704	+0.231%	$25K	$147K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6460	−0.088%	$825K	$1.5M	75x	as long as short
Hyperliquid ZEN	+0.0389%	1h	7.6882	+0.464%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2341%	1h	7.6620	+0.121%	$496K	$1.0M	25x	as long as short