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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.058%
Price spread now: BingX against OKX+0.026%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$750.754% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.133%+$13 on $10k
Price spread, last 7 days−0.084%−$8 · spread now +0.026%, 7d avg +0.013%
Together, before fees+0.049%+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZEN-USDT-SWAP7.71700.0100pay 0.0050% / 4h3h 21m$2.3M$5.3M50x
ShortBingX ZEN-USDT7.71900.0100get 0.0100% / 8h7h 21m$2.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: +0.026% → +0.013%
$1.25
Slippage, 4 orders
−$55.36
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$74.11
Costs to cover
0.754%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; BingX: live order book, 12 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 OKX live order book, 1 min ago1.94 bp23.4 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 12 min ago4.55 bp15.8 bp −$1631.7 bp −$317155.6 bp −$15.6K434.0 bp −$217.0K

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%1h7.7121−0.063%$9K5xas long as short
KuCoin ZENUSDTM+0.0023%8h7.7180+0.013%$4.1M$3.7M50xas long as short
Aster ZENUSDT+0.0100%8h7.7235+0.084%$43K$394K10xas long as short
Binance ZENUSDT+0.0100%8h7.7240+0.091%$11.1M$29.7M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7210+0.052%$4.5M$5.5M75xas long as short
OKX ZEN-USDT-SWAPlong+0.0100%4h7.7170long leg$2.3M$5.3M50x
MEXC ZEN_USDT+0.0100%8h7.7240+0.091%$12.1M$5.0M200xas long as short
Bitget ZENUSDT+0.0100%8h7.7180+0.013%$2.9M$3.0M50xas long as short
BingX ZEN-USDTshort+0.0100%8h7.7190+0.026%$2.9M
Variational Omni ZEN+0.0100%8h7.6665−0.654%$54K$51Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6754−0.539%$580K$2.9M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6860−0.402%$27K$667K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7290+0.156%$1K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.7221+0.066%$24K$231K5xas long as short
Hyperliquid ZEN+0.0133%1h7.7385+0.279%$2.4M$1.3M5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7160−0.013%$844K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.1700%1h7.7335+0.214%$497K$747K25xas long as short