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 −0.011%

Price spread now: Binance against BingX+0.052%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$580.581% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.052%, 7d avg +0.024%

Together, before fees−0.116%−$12 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: Binance is 0.028% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.6580	0.0100	pay 0.0100% / 8h	6h 18m	—	$2.9M	—
Short	Binance ZENUSDT	7.6620	0.0100	get 0.0100% / 8h	6h 18m	$11.0M	$28.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.024%: $2.8
Slippage, 4 orders: −$38.06
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.26
Costs to cover: 0.581%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Binance: 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 BingX live order book, 9 min ago	3.91 bp	14.7 bp −$15	34.9 bp −$349	312.6 bp −$31.3K	440.1 bp −$220.1K
Sell Binance live order book, 1 min ago	0.65 bp	12.6 bp −$13	31.6 bp −$316	164.3 bp −$16.4K	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
ApeX Omni ZENUSDT	−0.0057%	1h	7.6770	+0.248%	$27K	$665K	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6734	+0.201%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0020%	8h	7.6650	+0.091%	$4.2M	$3.5M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6801	+0.289%	$2.4M	$1.1M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6627	+0.061%	$36K	$387K	10x	as long as short
Binance ZENUSDTshort	+0.0100%	8h	7.6620	+0.052%	$11.0M	$28.6M	75x
Bybit ZENUSDT	+0.0100%	8h	7.6560	−0.026%	$4.5M	$5.0M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6590	+0.013%	$2.2M	$5.0M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6580	0.000%	$12.0M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6620	+0.052%	$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-USDTlong	+0.0100%	8h	7.6580	long leg	—	$2.9M	—
Variational Omni ZEN	+0.0100%	8h	7.6614	+0.045%	$50K	$55K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6850	+0.352%	$575K	$3.1M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6660	+0.104%	$1K	$1.2M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6583	+0.004%	$24K	$239K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6570	−0.013%	$825K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.1472%	1h	7.6635	+0.072%	$492K	$629K	25x	as long as short