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

ZEN

all ZEN markets
SwapBacktest
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 +0.035%
Price spread now: Bitget against Bybit+0.026%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1181.179% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.076%+$8 on $10k
Price spread, last 7 days−0.141%−$14 · spread now +0.026%, 7d avg +0.039%
Together, before fees−0.065%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZENUSDT7.73600.0100pay 0.0100% / 8h2h 11m$4.5M$5.7M75x
ShortBitget ZENUSDT7.73800.0100get 0.0100% / 8h2h 11m$2.9M$3.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.026% → +0.039%
−$1.28
Slippage, 4 orders
−$94.95
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$119.23
Costs to cover
1.179%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Bitget: 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 Bybit live order book, 1 min ago3.23 bp39.8 bp −$40157.5 bp −$1,575doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago5.17 bp19.1 bp −$1939.4 bp −$394doesn'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%1h7.7522+0.209%$9K5xas long as short
OKX ZEN-USDT-SWAP+0.0070%4h7.7350−0.013%$2.3M$5.3M50xas long as short
KuCoin ZENUSDTM+0.0083%8h7.7440+0.103%$4.1M$4.1M50xas long as short
Hyperliquid ZEN+0.0100%1h7.7527+0.216%$2.4M$1.3M5xas long as short
Aster ZENUSDT+0.0100%8h7.7457+0.126%$42K$389K10xas long as short
Binance ZENUSDT+0.0100%8h7.7428+0.088%$11.2M$30.2M75xas long as short
Bybit ZENUSDTlong+0.0100%8h7.7360long leg$4.5M$5.7M75x
MEXC ZEN_USDT+0.0100%8h7.7420+0.078%$11.9M$5.0M200xas long as short
Bitget ZENUSDTshort+0.0100%8h7.7380+0.026%$2.9M$3.1M50x
BingX ZEN-USDT+0.0100%8h7.7450+0.116%$3.1Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEN+0.0100%8h7.7942+0.753%$56K$88Kas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.7571+0.273%$582K$2.5M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7670+0.401%$27K$676K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7460+0.129%$2K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.7372+0.016%$25K$132K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7560+0.259%$815K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.3056%1h7.7604+0.315%$496K$1.0M25xas long as short