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 0.000%

Price spread now: SunX against BingX−0.169%7-day average +0.026% · you buy dearer than you sell

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

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.169%, 7d avg +0.026%

Together, before fees+0.089%+$9 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 0.195% cheaper against BingX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.6820	0.0100	pay 0.0100% / 8h	6h 42m	—	$3.3M	—
Short	SunX ZEN-USDT	7.6690	0.0100	get 0.0100% / 8h	6h 42m	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.169%Rate

Funding earned: $0
Price spread: −0.169% → +0.026%: −$19.54
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$37.54
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 min ago; SunX: live order book, 2 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 BingX live order book, 8 min ago	3.88 bp	17.0 bp −$17	36.1 bp −$361	324.4 bp −$32.4K	487.0 bp −$243.5K
Sell SunX live order book, 2 min ago	501.23 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
ApeX Omni ZENUSDT	−0.0119%	1h	7.7140	+0.417%	$26K	$687K	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6808	−0.016%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0053%	8h	7.6978	+0.206%	$51K	$85K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6826	+0.008%	$55K	$383K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6735	−0.111%	$11.1M	$31.5M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6700	−0.156%	$4.6M	$6.1M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6700	−0.156%	$2.3M	$5.6M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6750	−0.091%	$12.1M	$5.3M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.6750	−0.091%	$4.4M	$4.7M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6770	−0.065%	$2.9M	$3.5M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDTlong	+0.0100%	8h	7.6820	long leg	—	$3.3M	—
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6920	+0.130%	$573K	$1.8M	10x	as long as short
SunX ZEN-USDTshort	+0.0100%	8h	7.6690	−0.169%	$1K	$1.4M	20x
Extended ZEN-USD	+0.0104%	1h	7.6720	−0.130%	$27K	$122K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7330	+0.664%	$864K	$1.7M	75x	as long as short
Hyperliquid ZEN	+0.0480%	1h	7.6969	+0.194%	$2.4M	$1.7M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3223%	1h	7.7007	+0.243%	$504K	$1.0M	25x	as long as short