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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.023%
Price spread now: Extended against Bybit+0.071%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1211.210% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.026%+$3 on $10k
Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.071%, 7d avg +0.023%
Together, before fees−0.032%+ Points / potential airdropExtended: Active · farm board−$3 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 0.048% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZENUSDT7.60600.0100pay 0.0100% / 8h2h 27m$4.4M$5.7M75x
ShortExtended ZEN-USD7.61140.0104get 0.0013% / 1h27m 11s$22K$134K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.071% → +0.023%
$4.83
Slippage, 4 orders
−$105.03
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$115.36
Costs to cover
1.210%
Break-even
968.3 days
Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 18 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 ago1.97 bp41.3 bp −$41155.0 bp −$1,550doesn't fitdoesn't fit
Sell Extended live order book, 18 min ago3.22 bp19.4 bp −$19147.5 bp −$1,475doesn'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%1h7.6224+0.215%$9K5xas long as short
OKX ZEN-USDT-SWAP+0.0049%4h7.6110+0.066%$2.2M$5.2M50xas long as short
KuCoin ZENUSDTM+0.0063%8h7.6160+0.131%$4.0M$4.1M50xas long as short
Hyperliquid ZEN+0.0100%1h7.6201+0.185%$2.4M$1.4M5xas long as short
Aster ZENUSDT+0.0100%8h7.6128+0.089%$42K$388K10xas long as short
Binance ZENUSDT+0.0100%8h7.6120+0.079%$10.9M$29.8M75xas long as short
Bybit ZENUSDTlong+0.0100%8h7.6060long leg$4.4M$5.7M75x
MEXC ZEN_USDT+0.0100%8h7.6100+0.053%$11.5M$4.9M200xas long as short
Bitget ZENUSDT+0.0100%8h7.6150+0.118%$2.8M$3.1M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6210+0.197%$3.1Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEN+0.0100%8h7.5903−0.206%$54K$89Kas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.6110+0.066%$578K$2.4M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6350+0.381%$26K$678K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6180+0.158%$2K$1.3M20xas long as short
Extended ZEN-USDshort+0.0104%1h7.6114+0.071%$22K$134K5x
BloFin ZEN-USDT+0.0220%8h7.6050−0.013%$816K$1.5M75xas long as short
Kraken Futures PF_ZENUSD+0.3110%1h7.6257+0.259%$487K$1.0M25xas long as short