Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: BingX against ApeX Omni+0.077%83s7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as 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−$580.582% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.077%, 7d avg −0.057%

Together, before fees−0.045%−$4 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: BingX is 0.134% dearer against ApeX Omni than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.057%. The two prices were read 83 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	7.7710	0.0100	pay 0.0013% / 1h	22m 02s	$27K	$684K	50x
Short	BingX ZEN-USDT	7.7770	0.0100	get 0.0100% / 8h	22m 02s	—	$3.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.077%Rate

Funding earned: $0
Price spread: +0.077% → −0.057%: $13.43
Slippage, 4 orders: −$38.18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$44.75
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 56 min ago; BingX: live order book, 13 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, 56 min ago	5.20 bp	12.4 bp −$12	84.3 bp −$843	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	3.85 bp	14.6 bp −$15	39.1 bp −$391	203.0 bp −$20.3K	492.9 bp −$246.5K

ZEN on 17 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
Variational Omni ZEN	−0.0037%	8h	7.7806	+0.124%	$52K	$85K	—	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7681	−0.038%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0005%	4h	7.7760	+0.064%	$2.3M	$5.8M	50x	as long as short
KuCoin ZENUSDTM	+0.0018%	8h	7.7830	+0.154%	$4.5M	$4.9M	50x	as long as short
Bybit ZENUSDT	+0.0037%	8h	7.7810	+0.129%	$4.7M	$6.3M	75x	as long as short
Binance ZENUSDT	+0.0069%	8h	7.7830	+0.154%	$11.3M	$31.5M	75x	as long as short
MEXC ZEN_USDT	+0.0070%	8h	7.7830	+0.154%	$12.6M	$5.5M	200x	as long as short
Extended ZEN-USD	+0.0072%	1h	7.7827	+0.150%	$25K	$118K	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7842	+0.169%	$53K	$375K	10x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7820	+0.142%	$2.9M	$3.5M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDTshort	+0.0100%	8h	7.7770	+0.077%	—	$3.4M	—
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7899	+0.243%	$581K	$1.7M	10x	as long as short
ApeX Omni ZENUSDTlong	+0.0100%	1h	7.7710	long leg	$27K	$684K	50x
SunX ZEN-USDT	+0.0100%	8h	7.7790	+0.103%	$2K	$1.4M	20x	as long as short
BloFin ZEN-USDT	+0.0190%	8h	7.7570	−0.180%	$846K	$1.8M	75x	as long as short
Hyperliquid ZEN	+0.0454%	1h	7.8012	+0.389%	$2.5M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2638%	1h	7.8147	+0.562%	$511K	$1.0M	25x	as long as short