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: SunX against Binance+0.082%7-day average −0.006% · you sell dearer than you buy

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

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.082%, 7d avg −0.006%

Together, before fees−0.144%−$14 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 0.088% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZENUSDT	7.7027	0.0100	pay 0.0100% / 8h	1h 01m	$11.1M	$29.8M	75x
Short	SunX ZEN-USDT	7.7090	0.0100	get 0.0100% / 8h	1h 01m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → −0.006%: $8.78
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$9.22
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 min ago; SunX: live order book, 3 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 Binance live order book, 10 min ago	1.29 bp	11.7 bp −$12	36.5 bp −$365	401.8 bp −$40.2K	doesn't fit
Sell SunX live order book, 3 min ago	500.91 bp	doesn't fit	doesn't fit	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	+0.179%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0018%	8h	7.7030	+0.004%	$4.1M	$4.0M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7181	+0.200%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7098	+0.092%	$43K	$393K	10x	as long as short
Binance ZENUSDTlong	+0.0100%	8h	7.7027	long leg	$11.1M	$29.8M	75x
Bybit ZENUSDT	+0.0100%	8h	7.6950	−0.100%	$4.5M	$5.6M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6980	−0.061%	$2.3M	$5.3M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7020	−0.009%	$12.2M	$5.1M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7010	−0.022%	$2.9M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7010	−0.022%	—	$3.0M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.7251	+0.292%	$55K	$69K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7070	+0.056%	$578K	$2.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7170	+0.186%	$27K	$671K	50x	as long as short
SunX ZEN-USDTshort	+0.0100%	8h	7.7090	+0.082%	$1K	$1.3M	20x
Extended ZEN-USD	+0.0104%	1h	7.6999	−0.036%	$22K	$130K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7070	+0.056%	$837K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.2854%	1h	7.7248	+0.287%	$494K	$877K	25x	as long as short