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 0.000%
Price spread now: KuCoin against Bybit+0.104%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1311.309% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.083%−$8 on $10k
Price spread, last 7 days+0.058%+$6 · spread now +0.104%, 7d avg +0.110%
Together, before fees−0.025%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ZENUSDT7.66800.0100pay 0.0100% / 8h4h 12m$4.5M$5.9M75x
ShortKuCoin ZENUSDTM7.67600.0100get 0.0100% / 8h4h 12m$4.1M$4.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.104% → +0.110%
−$0.54
Slippage, 4 orders
−$107.9
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$131.44
Costs to cover
1.309%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 5 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 ago3.91 bp35.3 bp −$35150.1 bp −$1,501doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago3.26 bp32.0 bp −$3275.4 bp −$754doesn'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%1h7.6816+0.178%$9K5xas long as short
OKX ZEN-USDT-SWAP+0.0088%4h7.6640−0.052%$2.3M$5.4M50xas long as short
Aster ZENUSDT+0.0100%8h7.6785+0.137%$53K$376K10xas long as short
Binance ZENUSDT+0.0100%8h7.6707+0.036%$11.1M$30.2M75xas long as short
Bybit ZENUSDTlong+0.0100%8h7.6680long leg$4.5M$5.9M75x
MEXC ZEN_USDT+0.0100%8h7.6730+0.065%$11.7M$5.1M200xas long as short
KuCoin ZENUSDTMshort+0.0100%8h7.6760+0.104%$4.1M$4.4M50x
Bitget ZENUSDT+0.0100%8h7.6750+0.091%$2.9M$3.2M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6490−0.248%$3.1Mas long as short
Variational Omni ZEN+0.0100%8h7.6632−0.063%$55K$89Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6740+0.078%$581K$2.1M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6750+0.091%$27K$684K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6850+0.222%$2K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.6748+0.089%$22K$144K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.6880+0.261%$826K$1.6M75xas long as short
Hyperliquid ZEN+0.0345%1h7.6952+0.355%$2.5M$1.3M5xas long as short
Kraken Futures PF_ZENUSD+0.3081%1h7.6949+0.351%$498K$999K25xas long as short