Funding arb · Price arb /

ZEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Aster against SunX+0.141%7-day average +0.018% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.032%−$3 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.141%, 7d avg +0.018%

Together, before fees−0.134%+ Points / potential airdropAster: Stage 5 · farm board−$13 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 0.123% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEN-USDT	7.7630	0.0100	pay 0.0100% / 8h	7h 56m	$2K	$1.4M	20x
Short	Aster ZENUSDT	7.7740	0.0100	get 0.0100% / 8h	7h 56m	$53K	$378K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +0.141%Rate

Funding earned: $0
Price spread: +0.141% → +0.018%: $12.35
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$3.65
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; Aster: live order book, 15 min ago. Net counts fees only.

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 SunX live order book, 8 min ago	477.85 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 15 min ago	7.11 bp	236.4 bp −$236	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
Variational Omni ZEN	−0.0020%	8h	7.7715	+0.109%	$52K	$85K	—	as long as short
Bybit ZENUSDT	−0.0017%	8h	7.7780	+0.193%	$4.6M	$6.2M	75x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7819	+0.244%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0030%	4h	7.7740	+0.142%	$2.3M	$5.8M	50x	as long as short
KuCoin ZENUSDTM	+0.0056%	8h	7.7760	+0.167%	$4.4M	$4.9M	50x	as long as short
MEXC ZEN_USDT	+0.0087%	8h	7.7720	+0.116%	$12.5M	$5.3M	200x	as long as short
Binance ZENUSDT	+0.0087%	8h	7.7800	+0.219%	$11.2M	$31.6M	75x	as long as short
Extended ZEN-USD	+0.0088%	1h	7.7764	+0.172%	$25K	$113K	5x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7870	+0.309%	$2.4M	$1.8M	5x	as long as short
Aster ZENUSDTshort	+0.0100%	8h	7.7740	+0.141%	$53K	$378K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZENUSDT	+0.0100%	8h	7.7770	+0.180%	$2.9M	$3.5M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7790	+0.206%	—	$3.3M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7779	+0.192%	$587K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7810	+0.232%	$27K	$686K	50x	as long as short
SunX ZEN-USDTlong	+0.0100%	8h	7.7630	long leg	$2K	$1.4M	20x
BloFin ZEN-USDT	+0.0207%	8h	7.7750	+0.155%	$848K	$1.8M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.2978%	1h	7.7916	+0.368%	$510K	$1.0M	25x	as long as short