Funding arb · Price arb /

ZEN

all ZEN markets

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 −0.011%

Price spread now: Binance against SunX−0.169%7-day average +0.005% · you buy dearer than you sell

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.603%+$60 · spread now −0.169%, 7d avg +0.005%

Together, before fees+0.545%+$54 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: Binance is 0.173% cheaper against SunX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEN-USDT	7.7070	0.0100	pay 0.0100% / 8h	5h 12m	$1K	$1.3M	20x
Short	Binance ZENUSDT	7.6940	0.0100	get 0.0100% / 8h	5h 12m	$11.2M	$29.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.169%Rate

Funding earned: $0
Price spread: −0.169% → +0.005%: −$17.34
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.34
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 12 min ago; Binance: live order book, 14 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, 12 min ago	500.52 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.95 bp	14.7 bp −$15	30.3 bp −$303	165.5 bp −$16.5K	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	7.7007	−0.081%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0097%	4h	7.6940	−0.169%	$2.3M	$5.4M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6960	−0.143%	$53K	$375K	10x	as long as short
Binance ZENUSDTshort	+0.0100%	8h	7.6940	−0.169%	$11.2M	$29.8M	75x
Bybit ZENUSDT	+0.0100%	8h	7.6920	−0.195%	$4.6M	$5.8M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6920	−0.195%	$12.0M	$5.0M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.6950	−0.156%	$4.1M	$4.5M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6960	−0.143%	$2.9M	$3.2M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6940	−0.169%	—	$3.2M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.7120	+0.065%	$51K	$83K	—	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	7.7142	+0.093%	$583K	$1.9M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7190	+0.156%	$26K	$685K	50x	as long as short
SunX ZEN-USDTlong	+0.0100%	8h	7.7070	long leg	$1K	$1.3M	20x
Extended ZEN-USD	+0.0104%	1h	7.6891	−0.232%	$25K	$121K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7010	−0.078%	$847K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0337%	1h	7.7132	+0.080%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3182%	1h	7.7202	+0.171%	$505K	$1.0M	25x	as long as short