Funding arb · Price arb /

ZEN

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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 Bitget+0.171%50s7-day average +0.015% · you sell dearer than you buy

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

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.171%, 7d avg +0.015%

Together, before fees−0.255%−$26 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 0.156% dearer against Bitget than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.015%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZENUSDT	7.5930	0.0100	pay 0.0100% / 8h	2h 31m	$2.8M	$3.1M	50x
Short	SunX ZEN-USDT	7.6060	0.0100	get 0.0100% / 8h	2h 31m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.171%Rate

Funding earned: $0
Price spread: +0.171% → +0.015%: $15.6
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.4
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	3.29 bp	16.5 bp −$16	34.8 bp −$348	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	496.87 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	7.6084	+0.203%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0060%	4h	7.5970	+0.053%	$2.2M	$5.2M	50x	as long as short
KuCoin ZENUSDTM	+0.0062%	8h	7.6010	+0.105%	$4.0M	$4.2M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6100	+0.224%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6016	+0.113%	$43K	$388K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6005	+0.099%	$10.9M	$29.8M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6000	+0.092%	$4.4M	$5.7M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6010	+0.105%	$11.5M	$4.9M	200x	as long as short
Bitget ZENUSDTlong	+0.0100%	8h	7.5930	long leg	$2.8M	$3.1M	50x
BingX ZEN-USDT	+0.0100%	8h	7.5960	+0.040%	—	$3.1M	—	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	7.6178	+0.327%	$54K	$89K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6090	+0.211%	$569K	$2.4M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.5890	−0.053%	$26K	$679K	50x	as long as short
SunX ZEN-USDTshort	+0.0100%	8h	7.6060	+0.171%	$2K	$1.3M	20x
Extended ZEN-USD	+0.0104%	1h	7.5996	+0.087%	$22K	$134K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.5870	−0.079%	$823K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.3112%	1h	7.6218	+0.379%	$487K	$1.0M	25x	as long as short