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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against MEXC+0.013%66s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$440.437% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.013%−$1 on $10k
Price spread, last 4 days (all we have)+0.259%+$26 · spread now +0.013%, 7d avg +0.023%
Together, before fees+0.247%+$25 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ZEN_USDT7.67800.0100pay 0.0100% / 8h3h 18m$11.7M$5.0M200x
ShortApeX Omni ZENUSDT7.67900.0100get 0.0013% / 1h18m 14s$27K$682K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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: +0.013% → +0.023%
−$1
Slippage, 4 orders
−$29.68
Fee MEXC: 2 bp × 2 orders
−$4
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$44.68
Costs to cover
0.437%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; ApeX Omni: live order book, 35 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 MEXC live order book, 5 min ago0.65 bp7.0 bp −$720.1 bp −$20195.8 bp −$9,578doesn't fit
Sell ApeX Omni live order book, 35 min ago6.51 bp14.3 bp −$14113.7 bp −$1,137doesn'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%1h7.6690−0.118%$9K5xas long as short
KuCoin ZENUSDTM+0.0058%8h7.6760−0.026%$4.1M$4.2M50xas long as short
OKX ZEN-USDT-SWAP+0.0074%4h7.6770−0.013%$2.3M$5.2M50xas long as short
Aster ZENUSDT+0.0100%8h7.6740−0.052%$44K$385K10xas long as short
Binance ZENUSDT+0.0100%8h7.6779−0.001%$11.0M$29.8M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6740−0.052%$4.5M$5.7M75xas long as short
MEXC ZEN_USDTlong+0.0100%8h7.6780long leg$11.7M$5.0M200x
Bitget ZENUSDT+0.0100%8h7.6770−0.013%$2.8M$3.0M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6750−0.039%$3.1Mas long as short
Variational Omni ZEN+0.0100%8h7.6672−0.141%$55K$89Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6754−0.034%$578K$2.3M10xas long as short
ApeX Omni ZENUSDTshort+0.0100%1h7.6790+0.013%$27K$682K50x
SunX ZEN-USDT+0.0100%8h7.6830+0.065%$2K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.6753−0.035%$25K$142K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.6650−0.169%$825K$1.6M75xas long as short
Hyperliquid ZEN+0.0232%1h7.6934+0.201%$2.5M$1.3M5xas long as short
Kraken Futures PF_ZENUSD+0.2329%1h7.7016+0.307%$497K$1.0M25xas long as short