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

ZEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.107%
Price spread now: Variational Omni against Hyperliquid+0.093%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.093% dearer against Hyperliquid than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ZEN7.71050.0100pay 0.0013% / 1h36m 45s$2.4M$1.3M5x
ShortVariational Omni ZEN7.71760.0100get 0.0100% / 8h1h 36m$55K$83K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Hyperliquid. 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: +0.093% → 0.000%
$9.27
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$0.27
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Hyperliquid: live order book, 4 min ago; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 4 min ago1.23 bp14.8 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h7.7185+0.103%$9K5xas long as short
KuCoin ZENUSDTM+0.0049%8h7.7020−0.110%$4.1M$4.1M50xas long as short
OKX ZEN-USDT-SWAP+0.0055%4h7.6910−0.253%$2.3M$5.3M50xas long as short
Hyperliquid ZENlong+0.0100%1h7.7105long leg$2.4M$1.3M5x
Aster ZENUSDT+0.0100%8h7.7017−0.115%$43K$393K10xas long as short
Binance ZENUSDT+0.0100%8h7.6945−0.207%$11.1M$30.2M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6890−0.279%$4.5M$5.7M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.6950−0.201%$11.8M$5.0M200xas long as short
Bitget ZENUSDT+0.0100%8h7.6960−0.188%$2.9M$3.1M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6980−0.162%$3.1Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZENshort+0.0100%8h7.7176+0.093%$55K$83K
GRVT ZEN_USDT_Perp+0.0100%8h7.7239+0.174%$583K$2.6M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7260+0.201%$27K$675K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7140+0.045%$1K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.6911−0.252%$22K$133K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7120+0.019%$833K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.2854%1h7.7249+0.187%$494K$1.0M25xas long as short