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 0.000%

Price spread now: BingX against SunX+0.026%7-day average −0.028% · you sell dearer than you buy

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

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.026%, 7d avg −0.028%

Together, before fees+0.058%+$6 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: BingX is 0.054% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEN-USDT	7.7430	0.0100	pay 0.0100% / 8h	7h 34m	$2K	$1.4M	20x
Short	BingX ZEN-USDT	7.7450	0.0100	get 0.0100% / 8h	7h 34m	—	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.028%: $5.37
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$12.63
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; BingX: live order book, 1 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, 10 min ago	500.00 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	1.29 bp	14.5 bp −$15	30.7 bp −$307	223.7 bp −$22.4K	446.8 bp −$223.4K

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
Bybit ZENUSDT	−0.0070%	8h	7.7370	−0.077%	$4.6M	$6.1M	75x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7623	+0.249%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0002%	8h	7.7493	+0.081%	$52K	$85K	—	as long as short
KuCoin ZENUSDTM	+0.0069%	8h	7.7510	+0.103%	$4.4M	$4.8M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0081%	4h	7.7410	−0.026%	$2.3M	$5.7M	50x	as long as short
Extended ZEN-USD	+0.0088%	1h	7.7473	+0.056%	$24K	$119K	5x	as long as short
Binance ZENUSDT	+0.0091%	8h	7.7465	+0.045%	$11.2M	$31.3M	75x	as long as short
MEXC ZEN_USDT	+0.0092%	8h	7.7480	+0.065%	$12.5M	$5.3M	200x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7631	+0.260%	$2.4M	$1.8M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7436	+0.007%	$52K	$378K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZENUSDT	+0.0100%	8h	7.7410	−0.026%	$2.8M	$3.4M	50x	as long as short
BingX ZEN-USDTshort	+0.0100%	8h	7.7450	+0.026%	—	$3.3M	—
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7620	+0.245%	$583K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7750	+0.413%	$27K	$687K	50x	as long as short
SunX ZEN-USDTlong	+0.0100%	8h	7.7430	long leg	$2K	$1.4M	20x
BloFin ZEN-USDT	+0.0212%	8h	7.7440	+0.013%	$850K	$1.8M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.2982%	1h	7.7804	+0.483%	$509K	$1.0M	25x	as long as short