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

ZEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%
Price spread now: Extended against Aster−0.110%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$860.864% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.009%−$1 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.110%, 7d avg −0.070%
Together, before fees−0.033%+ Points / potential airdropAster: Stage 5 · Extended: Active · 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: Extended is 0.040% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZENUSDT7.74570.0100pay 0.0100% / 8h2h 11m$42K$389K10x
ShortExtended ZEN-USD7.73720.0104get 0.0013% / 1h11m 58s$25K$132K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.110% → −0.070%
−$4
Slippage, 4 orders
−$73.41
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$89.57
Costs to cover
0.864%
Break-even
753.4 days
Slippage from Aster: live order book, 35 min ago; Extended: live order book, 34 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, 35 min ago6.57 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 34 min ago3.22 bp19.4 bp −$19147.5 bp −$1,475doesn't fitdoesn'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
dYdX ZEN-USD0.0000%1h7.7522+0.083%$9K5xas long as short
OKX ZEN-USDT-SWAP+0.0070%4h7.7350−0.139%$2.3M$5.3M50xas long as short
KuCoin ZENUSDTM+0.0083%8h7.7440−0.023%$4.1M$4.1M50xas long as short
Hyperliquid ZEN+0.0100%1h7.7527+0.090%$2.4M$1.3M5xas long as short
Aster ZENUSDTlong+0.0100%8h7.7457long leg$42K$389K10x
Binance ZENUSDT+0.0100%8h7.7428−0.038%$11.2M$30.2M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7360−0.126%$4.5M$5.7M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.7420−0.048%$11.9M$5.0M200xas long as short
Bitget ZENUSDT+0.0100%8h7.7380−0.100%$2.9M$3.1M50xas long as short
BingX ZEN-USDT+0.0100%8h7.7450−0.010%$3.1Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEN+0.0100%8h7.7942+0.626%$56K$88Kas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.7571+0.147%$582K$2.5M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7670+0.274%$27K$676K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7460+0.003%$2K$1.3M20xas long as short
Extended ZEN-USDshort+0.0104%1h7.7372−0.110%$25K$132K5x
BloFin ZEN-USDT+0.0220%8h7.7560+0.132%$815K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.3056%1h7.7604+0.189%$496K$1.0M25xas long as short