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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.017%
Price spread now: dYdX against ApeX Omni+0.106%50s7-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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. dYdX is 0.106% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZENUSDT7.71800.0100pay 0.0013% / 1h29m 45s$26K$685K50x
ShortdYdX ZEN-USD7.72620get 0.0000% / 1h29m 45s$9K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
−$21
Price spread: +0.106% → 0.000%
$10.61
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$30.39
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 34 min ago; dYdX: no order-book sample. 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 ApeX Omni live order book, 34 min ago8.37 bp15.7 bp −$16110.4 bp −$1,104doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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-USDshort0.0000%1h7.7262+0.106%$9K5x
Variational Omni ZEN+0.0098%8h7.7059−0.157%$51K$83Kas long as short
Aster ZENUSDT+0.0100%8h7.7248+0.089%$54K$375K10xas long as short
Binance ZENUSDT+0.0100%8h7.7227+0.060%$11.2M$30.0M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7200+0.026%$4.6M$5.8M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.7200+0.026%$2.3M$5.4M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.7230+0.065%$12.0M$5.0M200xas long as short
KuCoin ZENUSDTM+0.0100%8h7.7260+0.104%$4.1M$4.5M50xas long as short
Bitget ZENUSDT+0.0100%8h7.7260+0.104%$2.9M$3.2M50xas long as short
BingX ZEN-USDT+0.0100%8h7.7240+0.078%$3.2Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.7270+0.117%$578K$1.9M10xas long as short
ApeX Omni ZENUSDTlong+0.0100%1h7.7180long leg$26K$685K50x
SunX ZEN-USDT+0.0100%8h7.7280+0.130%$1K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.7218+0.050%$25K$127K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7150−0.039%$849K$1.6M75xas long as short
Hyperliquid ZEN+0.0345%1h7.7373+0.250%$2.5M$1.4M5xas long as short
Kraken Futures PF_ZENUSD+0.3171%1h7.7468+0.373%$507K$1.0M25xas long as short