Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against Binance+0.078%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.196%+$20 · spread now +0.078%, 7d avg +0.025%

Together, before fees+0.183%+$18 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: ApeX Omni is 0.052% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZENUSDT	7.6730	0.0100	pay 0.0100% / 8h	3h 19m	$11.0M	$29.8M	75x
Short	ApeX Omni ZENUSDT	7.6790	0.0100	get 0.0013% / 1h	19m 31s	$27K	$682K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → +0.025%: $5.24
Slippage, 4 orders: −$34.88
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$49.63
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; ApeX Omni: live order book, 34 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 Binance live order book, 7 min ago	0.65 bp	12.3 bp −$12	29.6 bp −$296	433.5 bp −$43.3K	doesn't fit
Sell ApeX Omni live order book, 34 min ago	6.51 bp	14.3 bp −$14	113.7 bp −$1,137	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	7.6773	+0.056%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0056%	8h	7.6750	+0.026%	$4.1M	$4.2M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0071%	4h	7.6700	−0.040%	$2.3M	$5.2M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6720	−0.014%	$44K	$385K	10x	as long as short
Binance ZENUSDTlong	+0.0100%	8h	7.6730	long leg	$11.0M	$29.8M	75x
Bybit ZENUSDT	+0.0100%	8h	7.6680	−0.066%	$4.5M	$5.7M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6760	+0.039%	$11.7M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6670	−0.079%	$2.8M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6670	−0.079%	—	$3.1M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.6672	−0.077%	$55K	$89K	—	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	7.6754	+0.031%	$578K	$2.3M	10x	as long as short
ApeX Omni ZENUSDTshort	+0.0100%	1h	7.6790	+0.078%	$27K	$682K	50x
SunX ZEN-USDT	+0.0100%	8h	7.6780	+0.065%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6715	−0.020%	$25K	$142K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6710	−0.027%	$823K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0225%	1h	7.6902	+0.224%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2332%	1h	7.6923	+0.251%	$496K	$1.0M	25x	as long as short