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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.014%
Price spread now: BloFin against SunX−0.197%55s7-day average −0.038% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.168%+$17 on $10k
Price spread, last 4 days (all we have)+0.334%+$33 · spread now −0.197%, 7d avg −0.038%
Together, before fees+0.502%+$50 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.160% cheaper against SunX than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.038%). If the spread goes back, that is −$16 on $10k: about 4.4 days of funding at the current rate (+$4 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEN-USDT7.59700.0100pay 0.0100% / 8h5h 07m$1K$1.2M20x
ShortBloFin ZEN-USDT7.58200.0220get 0.0220% / 8h5h 07m$819K$1.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$25.2
Price spread: −0.197% → −0.038%
−$15.95
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$10.75
Costs to cover
0.200%
Break-even
10.0 days
Slippage unknown: SunX: live order book, 9 min ago; BloFin: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago498.35 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 3 min ago13.21 bp20.2 bp −$2029.5 bp −$29596.3 bp −$9,632doesn't fit

ZEN on 17 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZENUSDTM−0.0046%8h7.5740−0.303%$4.1M$3.3M50xas long as short
dYdX ZEN-USD0.0000%1h7.5798−0.227%$9K5xas long as short
ApeX Omni ZENUSDT+0.0027%1h7.5660−0.408%$26K$663K50xas long as short
OKX ZEN-USDT-SWAP+0.0079%4h7.5770−0.263%$2.2M$4.8M50xas long as short
Hyperliquid ZEN+0.0100%1h7.5922−0.063%$2.4M$990K5xas long as short
Aster ZENUSDT+0.0100%8h7.5780−0.250%$34K$386K10xas long as short
Binance ZENUSDT+0.0100%8h7.5760−0.276%$10.8M$27.8M75xas long as short
Bybit ZENUSDT+0.0100%8h7.5730−0.316%$4.4M$4.8M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.5720−0.329%$11.9M$4.9M200xas long as short
Bitget ZENUSDT+0.0100%8h7.5670−0.395%$2.8M$2.8M50xas long as short
Show all 17 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ZEN-USDT+0.0100%8h7.5780−0.250%$2.8Mas long as short
Variational Omni ZEN+0.0100%8h7.5686−0.374%$50K$54Kas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.5759−0.277%$565K$3.4M10xas long as short
SunX ZEN-USDTlong+0.0100%8h7.5970long leg$1K$1.2M20x
Extended ZEN-USD+0.0104%1h7.5736−0.308%$22K$240K5xas long as short
BloFin ZEN-USDTshort+0.0220%8h7.5820−0.197%$819K$1.5M75x
Kraken Futures PF_ZENUSD+0.1158%1h7.5938−0.042%$488K$605K25xas long as short