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

ZEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.016%
Price spread now: Extended against SunX−0.121%7-day average −0.048% · 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−0.059%−$6 on $10k
Price spread, last 3 days (all we have)+0.109%+$11 · spread now −0.121%, 7d avg −0.048%
Together, before fees+0.051%+ Points / potential airdropExtended: Active · farm board+$5 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: Extended is 0.073% cheaper against SunX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEN-USDT7.74200.0100pay 0.0100% / 8h5h 58m$1K$1.3M20x
ShortExtended ZEN-USD7.73260.0104get 0.0013% / 1h58m 18s$24K$124K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.121% → −0.048%
−$7.3
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$19.46
Costs to cover
0.130%
Break-even
169.1 days
Slippage unknown: SunX: live order book, 6 min ago; Extended: live order book, 2 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, 6 min ago500.71 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 2 min ago2.64 bp19.9 bp −$20129.5 bp −$1,295doesn't fitdoesn't fit

ZEN on 16 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%1h7.7592+0.222%$9K5xas long as short
Variational Omni ZEN+0.0098%8h7.7671+0.325%$52K$84Kas long as short
Aster ZENUSDT+0.0100%8h7.7433+0.017%$55K$375K10xas long as short
Binance ZENUSDT+0.0100%8h7.7320−0.129%$11.2M$30.3M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7210−0.271%$4.6M$5.8M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.7200−0.284%$2.3M$5.4M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.7410−0.013%$12.1M$5.0M200xas long as short
KuCoin ZENUSDTM+0.0100%8h7.74200.000%$4.2M$4.6M50xas long as short
Bitget ZENUSDT+0.0100%8h7.7320−0.129%$2.9M$3.2M50xas long as short
BingX ZEN-USDT+0.0100%8h7.7390−0.039%$3.2Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.7590+0.220%$587K$1.8M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7760+0.439%$27K$683K50xas long as short
SunX ZEN-USDTlong+0.0100%8h7.7420long leg$1K$1.3M20x
Extended ZEN-USDshort+0.0104%1h7.7326−0.121%$24K$124K5x
Hyperliquid ZEN+0.0394%1h7.7542+0.158%$2.5M$1.4M5xas long as short
Kraken Futures PF_ZENUSD+0.3166%1h7.7606+0.241%$508K$1.0M25xas long as short