Funding arb · Price arb /

ZEN

all ZEN markets

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: SunX against Aster−0.109%46s7-day average −0.023% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.109%, 7d avg −0.023%

Together, before fees+0.053%+ Points / potential airdropAster: Stage 5 · farm board+$5 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: SunX is 0.086% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.023%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZENUSDT	7.5903	0.0100	pay 0.0100% / 8h	5h 08m	$34K	$386K	10x
Short	SunX ZEN-USDT	7.5820	0.0100	get 0.0100% / 8h	5h 08m	$1K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.109%Rate

Funding earned: $0
Price spread: −0.109% → −0.023%: −$8.63
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$24.63
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 37 min ago; SunX: live order book, 8 min ago. Net counts fees only.

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, 37 min ago	9.20 bp	24.5 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	498.35 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

ZEN on 17 exchanges

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
KuCoin ZENUSDTM	−0.0048%	8h	7.5920	+0.023%	$4.1M	$3.3M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.5798	−0.138%	$9K	—	5x	as long as short
ApeX Omni ZENUSDT	+0.0027%	1h	7.5660	−0.320%	$26K	$663K	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0082%	4h	7.5850	−0.069%	$2.2M	$4.8M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6121	+0.288%	$2.4M	$990K	5x	as long as short
Aster ZENUSDTlong	+0.0100%	8h	7.5903	long leg	$34K	$386K	10x
Binance ZENUSDT	+0.0100%	8h	7.5914	+0.016%	$10.9M	$27.9M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.5880	−0.030%	$4.4M	$4.8M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.5940	+0.049%	$11.9M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.5870	−0.043%	$2.8M	$2.8M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.5900	−0.003%	—	$2.8M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.5686	−0.286%	$50K	$54K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.5759	−0.189%	$565K	$3.4M	10x	as long as short
SunX ZEN-USDTshort	+0.0100%	8h	7.5820	−0.109%	$1K	$1.2M	20x
Extended ZEN-USD	+0.0104%	1h	7.5945	+0.056%	$22K	$240K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.5820	−0.109%	$819K	$1.5M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.1158%	1h	7.5952	+0.065%	$488K	$605K	25x	as long as short