Funding arb · Price arb /

ZEN

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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 +0.009%

Price spread now: BingX against Aster+0.032%7-day average −0.049% · 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−$309as in the Price arb table

costs, in and out, $10k−$3173.173% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.032%, 7d avg −0.049%

Together, before fees−0.147%+ Points / potential airdropAster: Stage 5 · farm board−$15 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: BingX is 0.081% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZENUSDT	7.7675	0.0100	pay 0.0100% / 8h	7h 56m	$53K	$378K	10x
Short	BingX ZEN-USDT	7.7700	0.0100	get 0.0100% / 8h	7h 56m	—	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.049%: $8.13
Slippage, 4 orders: −$299.31
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$309.18
Costs to cover: 3.173%
Break-even: never at this rate

Slippage from Aster: live order book, 16 min ago; BingX: live order book, 13 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, 16 min ago	7.11 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	0.64 bp	50.8 bp −$51	66.2 bp −$662	228.2 bp −$22.8K	464.9 bp −$232.5K

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	−0.0010%	8h	7.7745	+0.089%	$52K	$85K	—	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7819	+0.185%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0034%	4h	7.7600	−0.097%	$2.3M	$5.8M	50x	as long as short
KuCoin ZENUSDTM	+0.0058%	8h	7.7710	+0.045%	$4.4M	$4.9M	50x	as long as short
MEXC ZEN_USDT	+0.0087%	8h	7.7640	−0.045%	$12.5M	$5.3M	200x	as long as short
Extended ZEN-USD	+0.0088%	1h	7.7601	−0.095%	$25K	$113K	5x	as long as short
Binance ZENUSDT	+0.0088%	8h	7.7630	−0.058%	$11.2M	$31.6M	75x	as long as short
Bybit ZENUSDT	+0.0093%	8h	7.7620	−0.071%	$4.6M	$6.2M	75x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7816	+0.181%	$2.4M	$1.8M	5x	as long as short
Aster ZENUSDTlong	+0.0100%	8h	7.7675	long leg	$53K	$378K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZENUSDT	+0.0100%	8h	7.7650	−0.032%	$2.9M	$3.5M	50x	as long as short
BingX ZEN-USDTshort	+0.0100%	8h	7.7700	+0.032%	—	$3.3M	—
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7779	+0.133%	$587K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7810	+0.174%	$27K	$686K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7530	−0.187%	$1K	$1.4M	20x	as long as short
BloFin ZEN-USDT	+0.0207%	8h	7.7750	+0.096%	$848K	$1.8M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.2982%	1h	7.7815	+0.180%	$509K	$1.0M	25x	as long as short