Settings8H · net · $10k
Funding arb · Price arb /

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.012%
Price spread now: Extended against Bitget−0.127%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$730.730% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.050%−$5 on $10k
Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.127%, 7d avg −0.029%
Together, before fees+0.080%+ Points / potential airdropExtended: Active · farm board+$8 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: Extended is 0.099% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZENUSDT7.64200.0100pay 0.0100% / 8h3h 49m$2.8M$3.1M50x
ShortExtended ZEN-USD7.63230.0104get 0.0013% / 1h49m 27s$25K$147K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.127% → −0.029%
−$9.86
Slippage, 4 orders
−$56.02
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$82.04
Costs to cover
0.730%
Break-even
690.7 days
Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago3.26 bp16.5 bp −$1652.2 bp −$522doesn't fitdoesn't fit
Sell Extended live order book, 1 min ago2.29 bp18.1 bp −$18183.3 bp −$1,833doesn't fitdoesn't fit

ZEN on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZEN-USD0.0000%1h7.6681+0.342%$9K5xas long as short
KuCoin ZENUSDTM+0.0055%8h7.6380−0.052%$4.1M$4.3M50xas long as short
OKX ZEN-USDT-SWAP+0.0058%4h7.6350−0.092%$2.2M$5.3M50xas long as short
Aster ZENUSDT+0.0100%8h7.6390−0.039%$48K$380K10xas long as short
Binance ZENUSDT+0.0100%8h7.6340−0.105%$10.9M$30.3M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6330−0.118%$4.5M$5.9M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.6310−0.144%$11.5M$5.0M200xas long as short
Bitget ZENUSDTlong+0.0100%8h7.6420long leg$2.8M$3.1M50x
BingX ZEN-USDT+0.0100%8h7.6410−0.013%$3.1Mas long as short
Variational Omni ZEN+0.0100%8h7.6582+0.211%$55K$89Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6733+0.409%$577K$2.1M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6690+0.353%$27K$681K50xas long as short
SunX ZEN-USDT+0.0100%8h7.64200.000%$1K$1.3M20xas long as short
Extended ZEN-USDshort+0.0104%1h7.6323−0.127%$25K$147K5x
BloFin ZEN-USDT+0.0220%8h7.6580+0.209%$829K$1.5M75xas long as short
Hyperliquid ZEN+0.0283%1h7.6491+0.093%$2.5M$1.3M5xas long as short
Kraken Futures PF_ZENUSD+0.2343%1h7.6572+0.199%$494K$1.0M25xas long as short