Funding arb · Price arb /

ZEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Aster against MEXC+0.060%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$570.573% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.231%+$23 · spread now +0.060%, 7d avg +0.020%

Together, before fees+0.242%+ Points / potential airdropAster: Stage 5 · farm board+$24 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: Aster is 0.039% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEN_USDT	7.6890	0.0100	pay 0.0100% / 8h	7h 33m	$12.2M	$5.0M	200x
Short	Aster ZENUSDT	7.6936	0.0100	get 0.0100% / 8h	7h 33m	$41K	$394K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee MEXCbpFee AsterbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.020%: $3.94
Slippage, 4 orders: −$45.33
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$53.39
Costs to cover: 0.573%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Aster: live order book, 64 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 5 min ago	0.65 bp	6.1 bp −$6	19.0 bp −$190	89.0 bp −$8,897	178.1 bp −$89.1K
Sell Aster live order book, 64 min ago	6.48 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit

ZEN on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ZEN-USD	0.0000%	1h	7.6783	−0.140%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0020%	8h	7.6840	−0.065%	$4.1M	$3.8M	50x	as long as short
Aster ZENUSDTshort	+0.0100%	8h	7.6936	+0.060%	$41K	$394K	10x
Binance ZENUSDT	+0.0100%	8h	7.6837	−0.069%	$11.0M	$29.7M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6820	−0.091%	$4.5M	$5.5M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6820	−0.091%	$2.3M	$5.3M	50x	as long as short
MEXC ZEN_USDTlong	+0.0100%	8h	7.6890	long leg	$12.2M	$5.0M	200x
Bitget ZENUSDT	+0.0100%	8h	7.6800	−0.117%	$2.8M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6830	−0.078%	—	$2.9M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.6902	+0.016%	$55K	$69K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6930	+0.052%	$578K	$2.9M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6990	+0.130%	$27K	$667K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6780	−0.143%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6859	−0.040%	$24K	$236K	5x	as long as short
Hyperliquid ZEN	+0.0208%	1h	7.7046	+0.203%	$2.4M	$1.3M	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6810	−0.104%	$835K	$1.7M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.1711%	1h	7.6836	−0.070%	$493K	$751K	25x	as long as short