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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.2959%/8h= +324.0% APRpaid last 24h +0.379%
Price spread now: Kraken Futures against Variational Omni+0.551%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$89 a day on $10k at the current rate, and Kraken Futures is 0.551% dearer against Variational Omni than usual: you sell high and buy low: +$55 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZEN7.78420.0006pay 0.0006% / 8h7h 25m$52K$85K
ShortKraken Futures PF_ZENUSD7.82710.2965get 0.0371% / 1h25m 22s$512K$1.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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
$621.32
Price spread: +0.551% → 0.000%
$55.09
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$666.41
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: 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 Variational Omni no order-book sample
Sell Kraken Futures live order book, 3 min ago41.04 bp47.6 bp −$48117.7 bp −$1,177doesn't fitdoesn't fit
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h7.7768−0.096%$9K5xas long as short
Variational Omni ZENlong+0.0006%8h7.7842long leg$52K$85K
Bybit ZENUSDT+0.0089%8h7.7880+0.049%$4.7M$6.1M75xas long as short
KuCoin ZENUSDTM+0.0091%8h7.7920+0.100%$4.4M$4.8M50xas long as short
Aster ZENUSDT+0.0100%8h7.7936+0.120%$53K$378K10xas long as short
Binance ZENUSDT+0.0100%8h7.7940+0.126%$11.3M$31.2M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.7930+0.113%$2.3M$5.7M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.7930+0.113%$12.5M$5.3M200xas long as short
Bitget ZENUSDT+0.0100%8h7.7940+0.126%$2.9M$3.4M50xas long as short
BingX ZEN-USDT+0.0100%8h7.7910+0.087%$3.3Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.7800−0.055%$585K$1.7M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7780−0.080%$27K$688K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7930+0.113%$2K$1.4M20xas long as short
Extended ZEN-USD+0.0104%1h7.7919+0.099%$22K$121K5xas long as short
Hyperliquid ZEN+0.0182%1h7.8120+0.357%$2.4M$1.8M5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7900+0.074%$850K$1.8M75xas long as short
Kraken Futures PF_ZENUSDshort+0.2965%1h7.8271+0.551%$512K$1.0M25x