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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRnext payment $0.40 per $10,000 · paid last 24h −0.036%
Price spread now: KuCoin against SunX−0.026%7-day average +0.012% · 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−0.164%−$16 on $10k
Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.026%, 7d avg +0.012%
Together, before fees−0.018%−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.038% cheaper against SunX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEN-USDT7.76400.0100pay 0.0100% / 8h1h 15m$2K$1.3M20x
ShortKuCoin ZENUSDTM7.76200.0060get 0.0060% / 8h1h 15m$4.1M$4.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$8.4
Price spread: −0.026% → +0.012%
−$3.81
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$32.21
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 8 min ago; KuCoin: 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, 8 min ago500.58 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago3.86 bp37.0 bp −$3782.8 bp −$828doesn't fitdoesn't fit

ZEN on 17 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%1h7.7782+0.183%$9K5xas long as short
KuCoin ZENUSDTMshort+0.0060%8h7.7620−0.026%$4.1M$4.0M50x
OKX ZEN-USDT-SWAP+0.0090%4h7.7500−0.180%$2.3M$5.3M50xas long as short
Hyperliquid ZEN+0.0100%1h7.7756+0.149%$2.4M$1.3M5xas long as short
Aster ZENUSDT+0.0100%8h7.7604−0.046%$44K$393K10xas long as short
Binance ZENUSDT+0.0100%8h7.7520−0.155%$11.2M$30.0M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7550−0.116%$4.5M$5.6M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.7520−0.155%$12.3M$5.1M200xas long as short
Bitget ZENUSDT+0.0100%8h7.7620−0.026%$2.9M$3.1M50xas long as short
BingX ZEN-USDT+0.0100%8h7.7630−0.013%$3.0Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEN+0.0100%8h7.7481−0.204%$55K$79Kas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.7721+0.104%$579K$2.7M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7550−0.116%$27K$673K50xas long as short
SunX ZEN-USDTlong+0.0100%8h7.7640long leg$2K$1.3M20x
Extended ZEN-USD+0.0104%1h7.7529−0.143%$22K$130K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7720+0.103%$837K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.2834%1h7.7786+0.187%$497K$934K25xas long as short