Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.056%

Price spread now: Aster against OKX−0.006%7-day average +0.098% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2542.535% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.006%, 7d avg +0.098%

Together, before fees+0.202%+ Points / potential airdropAster: Stage 5 · farm board+$20 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 0.104% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEN-USDT-SWAP	7.7070	0.0100	pay 0.0050% / 4h	2h 46m	$2.3M	$5.7M	50x
Short	Aster ZENUSDT	7.7065	0.0100	get 0.0100% / 8h	6h 46m	$55K	$383K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.098%: −$10.42
Slippage, 4 orders: −$235.5
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$263.93
Costs to cover: 2.535%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Aster: live order book, 20 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 OKX live order book, 1 min ago	1.30 bp	19.8 bp −$20	162.1 bp −$1,621	doesn't fit	doesn't fit
Sell Aster live order book, 20 min ago	10.24 bp	190.1 bp −$190	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
ApeX Omni ZENUSDT	−0.0059%	1h	7.7370	+0.389%	$26K	$687K	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7253	+0.237%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0051%	8h	7.7158	+0.114%	$52K	$85K	—	as long as short
Aster ZENUSDTshort	+0.0100%	8h	7.7065	−0.006%	$55K	$383K	10x
Binance ZENUSDT	+0.0100%	8h	7.7140	+0.091%	$11.2M	$31.5M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7090	+0.026%	$4.6M	$6.1M	75x	as long as short
OKX ZEN-USDT-SWAPlong	+0.0100%	4h	7.7070	long leg	$2.3M	$5.7M	50x
MEXC ZEN_USDT	+0.0100%	8h	7.7140	+0.091%	$12.2M	$5.3M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.7130	+0.078%	$4.4M	$4.7M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7160	+0.117%	$2.9M	$3.5M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.7100	+0.039%	—	$3.3M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7440	+0.480%	$589K	$1.8M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7140	+0.091%	$1K	$1.4M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7040	−0.039%	$22K	$117K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7330	+0.337%	$864K	$1.7M	75x	as long as short
Hyperliquid ZEN	+0.0455%	1h	7.7282	+0.275%	$2.4M	$1.7M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3211%	1h	7.7283	+0.276%	$506K	$1.0M	25x	as long as short