Settings8H · net · $10k
Funding arb · Price arb /

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0111%/8h= +12.2% APRnext payment +$1.11 per $10,000 · paid last 24h +0.023%
Price spread now: BloFin against Aster−0.007%52s7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2832.827% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.160%+$16 on $10k
Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.007%, 7d avg −0.046%
Together, before fees+0.221%+ Points / potential airdropAster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.039% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.046%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZENUSDT7.74350.0100pay 0.0100% / 8h7h 32m$52K$378K10x
ShortBloFin ZEN-USDT7.74300.0211get 0.0211% / 8h7h 32m$850K$1.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$23.34
Price spread: −0.007% → −0.046%
$3.91
Slippage, 4 orders
−$262.71
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$255.46
Costs to cover
2.827%
Break-even
83.6 days
Slippage from Aster: live order book, 40 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 40 min ago7.11 bp18.3 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago1.93 bp15.2 bp −$1523.1 bp −$231106.7 bp −$10.7Kdoesn't fit

ZEN on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZENUSDT−0.0020%8h7.7410−0.033%$4.6M$6.1M75xas long as short
dYdX ZEN-USD0.0000%1h7.7520+0.110%$9K5xas long as short
Variational Omni ZEN+0.0002%8h7.7493+0.074%$52K$85Kas long as short
KuCoin ZENUSDTM+0.0072%8h7.7490+0.071%$4.4M$4.8M50xas long as short
OKX ZEN-USDT-SWAP+0.0089%4h7.7520+0.109%$2.3M$5.7M50xas long as short
MEXC ZEN_USDT+0.0091%8h7.7490+0.071%$12.5M$5.3M200xas long as short
Binance ZENUSDT+0.0094%8h7.7541+0.136%$11.2M$31.3M75xas long as short
Extended ZEN-USD+0.0096%1h7.7522+0.112%$24K$119K5xas long as short
Aster ZENUSDTlong+0.0100%8h7.7435long leg$52K$378K10x
Bitget ZENUSDT+0.0100%8h7.7500+0.083%$2.8M$3.4M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ZEN-USDT+0.0100%8h7.7530+0.122%$3.3Mas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.7446+0.014%$582K$1.7M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7750+0.406%$27K$687K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7470+0.045%$2K$1.4M20xas long as short
Hyperliquid ZEN+0.0110%1h7.7670+0.303%$2.4M$1.8M5xas long as short
BloFin ZEN-USDTshort+0.0211%8h7.7430−0.007%$850K$1.8M75x
Kraken Futures PF_ZENUSD+0.2981%1h7.7834+0.515%$509K$1.0M25xas long as short