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: BingX against Bitget+0.052%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$680.684% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.052%, 7d avg +0.005%

Together, before fees−0.015%−$1 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: BingX is 0.047% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZENUSDT	7.6490	0.0100	pay 0.0100% / 8h	3h 53m	$2.8M	$3.1M	50x
Short	BingX ZEN-USDT	7.6530	0.0100	get 0.0100% / 8h	3h 53m	—	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.005%: $4.69
Slippage, 4 orders: −$46.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$63.74
Costs to cover: 0.684%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; BingX: live order book, 6 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 Bitget live order book, 4 min ago	4.57 bp	16.4 bp −$16	37.8 bp −$378	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	0.65 bp	12.0 bp −$12	31.6 bp −$316	173.5 bp −$17.3K	400.2 bp −$200.1K

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	7.6556	+0.086%	$9K	—	5x	as long as short
ApeX Omni ZENUSDT	+0.0056%	1h	7.6610	+0.157%	$27K	$681K	50x	as long as short
KuCoin ZENUSDTM	+0.0068%	8h	7.6530	+0.052%	$4.1M	$4.3M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0081%	4h	7.6530	+0.052%	$2.2M	$5.3M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6552	+0.081%	$49K	$380K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6527	+0.048%	$11.0M	$30.3M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6500	+0.013%	$4.5M	$5.9M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6500	+0.013%	$11.6M	$5.0M	200x	as long as short
Bitget ZENUSDTlong	+0.0100%	8h	7.6490	long leg	$2.8M	$3.1M	50x
BingX ZEN-USDTshort	+0.0100%	8h	7.6530	+0.052%	—	$3.1M	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.6502	+0.015%	$55K	$89K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6600	+0.144%	$578K	$2.1M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6470	−0.026%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6479	−0.015%	$25K	$147K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6460	−0.039%	$825K	$1.5M	75x	as long as short
Hyperliquid ZEN	+0.0355%	1h	7.6646	+0.204%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2341%	1h	7.6620	+0.170%	$496K	$1.0M	25x	as long as short