Funding arb · Price arb /

ZEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Bitget against Aster−0.005%7-day average −0.043% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$820.818% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.005%, 7d avg −0.043%

Together, before fees−0.030%+ Points / potential airdropAster: Stage 5 · farm board−$3 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: Bitget is 0.038% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZENUSDT	7.7674	0.0100	pay 0.0100% / 8h	7h 57m	$42K	$391K	10x
Short	Bitget ZENUSDT	7.7670	0.0100	get 0.0100% / 8h	7h 57m	$2.9M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → −0.043%: $3.83
Slippage, 4 orders: −$61.78
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$77.94
Costs to cover: 0.818%
Break-even: never at this rate

Slippage from Aster: live order book, 39 min ago; Bitget: live order book, 5 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, 39 min ago	6.48 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	5.81 bp	23.5 bp −$24	37.6 bp −$376	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	7.7504	−0.218%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0012%	8h	7.7610	−0.082%	$4.1M	$3.9M	50x	as long as short
Aster ZENUSDTlong	+0.0100%	8h	7.7674	long leg	$42K	$391K	10x
Binance ZENUSDT	+0.0100%	8h	7.7688	+0.019%	$11.2M	$29.7M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7640	−0.044%	$4.5M	$5.5M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7630	−0.056%	$2.3M	$5.3M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7620	−0.069%	$12.3M	$4.9M	200x	as long as short
Bitget ZENUSDTshort	+0.0100%	8h	7.7670	−0.005%	$2.9M	$3.0M	50x
BingX ZEN-USDT	+0.0100%	8h	7.7640	−0.044%	—	$2.9M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.7405	−0.347%	$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	7.7520	−0.198%	$578K	$2.8M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7350	−0.417%	$27K	$669K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7650	−0.031%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7667	−0.008%	$22K	$234K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7590	−0.108%	$830K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0301%	1h	7.7778	+0.134%	$2.4M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.1691%	1h	7.7765	+0.117%	$498K	$757K	25x	as long as short