Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

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 +0.011%

Price spread now: Bitget against Binance−0.078%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$680.678% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.078%, 7d avg −0.030%

Together, before fees+0.053%+$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: Bitget is 0.047% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZENUSDT	7.7130	0.0100	pay 0.0100% / 8h	5h 32m	$11.2M	$30.0M	75x
Short	Bitget ZENUSDT	7.7070	0.0100	get 0.0100% / 8h	5h 32m	$2.9M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.030%: −$4.75
Slippage, 4 orders: −$45.76
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$72.51
Costs to cover: 0.678%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bitget: live order book, 1 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, 9 min ago	0.65 bp	14.0 bp −$14	37.6 bp −$376	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.54 bp	19.5 bp −$20	31.2 bp −$312	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	7.7165	+0.045%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0094%	8h	7.7020	−0.143%	$51K	$83K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7115	−0.019%	$53K	$375K	10x	as long as short
Binance ZENUSDTlong	+0.0100%	8h	7.7130	long leg	$11.2M	$30.0M	75x
Bybit ZENUSDT	+0.0100%	8h	7.7050	−0.104%	$4.6M	$5.8M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7100	−0.039%	$2.3M	$5.4M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7130	0.000%	$12.0M	$5.0M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.7090	−0.052%	$4.1M	$4.5M	50x	as long as short
Bitget ZENUSDTshort	+0.0100%	8h	7.7070	−0.078%	$2.9M	$3.2M	50x
BingX ZEN-USDT	+0.0100%	8h	7.7090	−0.052%	—	$3.2M	—	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	7.7141	+0.014%	$577K	$1.9M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7180	+0.065%	$26K	$685K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7130	0.000%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7099	−0.041%	$25K	$127K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7270	+0.182%	$853K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0334%	1h	7.7272	+0.184%	$2.5M	$1.4M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3175%	1h	7.7371	+0.313%	$506K	$1.0M	25x	as long as short