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

ZEN

all ZEN markets
SwapBacktest
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 −0.026%
Price spread now: Bybit against Aster+0.181%7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$2982.984% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.028%−$3 on $10k
Price spread, last 4 days (all we have)−0.281%−$28 · spread now +0.181%, 7d avg −0.093%
Together, before fees−0.309%+ Points / potential airdropAster: Stage 5 · farm board−$31 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: Bybit is 0.274% dearer against Aster than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.093%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZENUSDT7.79990.0100pay 0.0100% / 8h6h 25m$56K$383K10x
ShortBybit ZENUSDT7.81400.0100get 0.0100% / 8h6h 25m$4.6M$6.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$0
Price spread: +0.181% → −0.093%
$27.37
Slippage, 4 orders
−$279.36
Fee Aster: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$270.99
Costs to cover
2.984%
Break-even
never at this rate
Slippage from Aster: live order book, 42 min ago; Bybit: live order book, 3 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, 42 min ago10.24 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.93 bp45.1 bp −$45172.6 bp −$1,726doesn't fitdoesn't fit

ZEN on 16 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
dYdX ZEN-USD0.0000%1h7.7987−0.015%$9K5xas long as short
Variational Omni ZEN+0.0074%8h7.7907−0.117%$52K$85Kas long as short
Aster ZENUSDTlong+0.0100%8h7.7999long leg$56K$383K10x
Binance ZENUSDT+0.0100%8h7.8239+0.308%$11.3M$30.8M75xas long as short
Bybit ZENUSDTshort+0.0100%8h7.8140+0.181%$4.6M$6.0M75x
OKX ZEN-USDT-SWAP+0.0100%4h7.8180+0.232%$2.4M$5.6M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.8180+0.232%$12.2M$5.3M200xas long as short
KuCoin ZENUSDTM+0.0100%8h7.8040+0.053%$4.4M$4.7M50xas long as short
Bitget ZENUSDT+0.0100%8h7.8230+0.296%$2.9M$3.4M50xas long as short
BingX ZEN-USDT+0.0100%8h7.8200+0.258%$3.3Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.7798−0.257%$580K$1.8M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7400−0.768%$26K$682K50xas long as short
SunX ZEN-USDT+0.0100%8h7.8190+0.245%$1K$1.4M20xas long as short
Extended ZEN-USD+0.0104%1h7.8213+0.275%$28K$120K5xas long as short
Hyperliquid ZEN+0.0384%1h7.8378+0.486%$2.5M$1.6M5xas long as short
Kraken Futures PF_ZENUSD+0.3160%1h7.8535+0.688%$514K$1.0M25xas long as short