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 +0.027%

Price spread now: Aster against Bybit−0.033%7-day average +0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$254as in the Price arb table

costs, in and out, $10k−$2412.414% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.033%, 7d avg +0.093%

Together, before fees+0.229%+ Points / potential airdropAster: Stage 5 · farm board+$23 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: Aster is 0.125% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZENUSDT	7.6320	0.0100	pay 0.0100% / 8h	2h 52m	$4.5M	$5.7M	75x
Short	Aster ZENUSDT	7.6295	0.0100	get 0.0100% / 8h	2h 52m	$43K	$387K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.093%: −$12.51
Slippage, 4 orders: −$222.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$253.93
Costs to cover: 2.414%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Aster: live order book, 59 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 Bybit live order book, 5 min ago	3.93 bp	39.9 bp −$40	151.7 bp −$1,517	doesn't fit	doesn't fit
Sell Aster live order book, 59 min ago	9.14 bp	136.1 bp −$136	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	7.6212	−0.141%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0043%	8h	7.6220	−0.131%	$4.0M	$4.2M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0056%	4h	7.6340	+0.026%	$2.2M	$5.2M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6466	+0.191%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDTshort	+0.0100%	8h	7.6295	−0.033%	$43K	$387K	10x
Binance ZENUSDT	+0.0100%	8h	7.6347	+0.035%	$10.9M	$29.8M	75x	as long as short
Bybit ZENUSDTlong	+0.0100%	8h	7.6320	long leg	$4.5M	$5.7M	75x
MEXC ZEN_USDT	+0.0100%	8h	7.6330	+0.013%	$11.5M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6300	−0.026%	$2.8M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6260	−0.079%	—	$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	7.6327	+0.009%	$54K	$89K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6340	+0.026%	$574K	$2.3M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6410	+0.118%	$26K	$679K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6100	−0.288%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6299	−0.028%	$22K	$136K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6050	−0.354%	$828K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.3102%	1h	7.6459	+0.182%	$493K	$1.0M	25x	as long as short