Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Binance against ApeX Omni−0.393%49s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.600% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−0.738%−$74 · spread now −0.393%, 7d avg −0.032%

Together, before fees−0.723%−$72 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: Binance is 0.361% cheaper against ApeX Omni than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of −0.032%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZENUSDT	7.7570	0.0100	pay 0.0013% / 1h	56m 37s	$26K	$683K	50x
Short	Binance ZENUSDT	7.7265	0.0100	get 0.0100% / 8h	5h 56m	$11.2M	$30.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.393%Rate

Funding earned: $0
Price spread: −0.393% → −0.032%: −$36.08
Slippage, 4 orders: −$40.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96.09
Costs to cover: 0.600%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 7 min ago; Binance: live order book, 15 min ago.

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 ApeX Omni live order book, 7 min ago	8.37 bp	15.7 bp −$16	110.4 bp −$1,104	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.64 bp	13.7 bp −$14	35.5 bp −$355	237.9 bp −$23.8K	doesn't fit

ZEN on 16 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
dYdX ZEN-USD	0.0000%	1h	7.7197	−0.481%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0098%	8h	7.7671	+0.131%	$52K	$84K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7286	−0.366%	$55K	$375K	10x	as long as short
Binance ZENUSDTshort	+0.0100%	8h	7.7265	−0.393%	$11.2M	$30.4M	75x
Bybit ZENUSDT	+0.0100%	8h	7.7230	−0.438%	$4.6M	$5.8M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7280	−0.374%	$2.3M	$5.4M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7350	−0.284%	$12.1M	$5.0M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.7200	−0.477%	$4.1M	$4.6M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7340	−0.297%	$2.9M	$3.3M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7300	−0.348%	—	$3.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7610	+0.052%	$578K	$1.8M	10x	as long as short
ApeX Omni ZENUSDTlong	+0.0100%	1h	7.7570	long leg	$26K	$683K	50x
SunX ZEN-USDT	+0.0100%	8h	7.7150	−0.541%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7322	−0.320%	$24K	$124K	5x	as long as short
Hyperliquid ZEN	+0.0385%	1h	7.7378	−0.248%	$2.5M	$1.4M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3175%	1h	7.7389	−0.233%	$506K	$1.0M	25x	as long as short