Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0002%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Extended against ApeX Omni−0.219%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$660.660% of the position

Long on ApeX Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.981%−$98 · spread now −0.219%, 7d avg −0.084%

Together, before fees−0.968%+ Points / potential airdropExtended: Active · farm board−$97 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: Extended is 0.135% cheaper against ApeX Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZENUSDT	7.6290	−0.0002	get 0.0000% / 1h	5m 25s	$27K	$686K	50x
Short	Extended ZEN-USD	7.6123	0	get 0.0000% / 1h	5m 25s	$25K	$110K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.219%Rate

Funding earned: $0.44
Price spread: −0.219% → −0.084%: −$13.51
Slippage, 4 orders: −$51.03
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$79.1
Costs to cover: 0.660%
Break-even: 1274.6 days

Slippage from ApeX Omni: live order book, 27 min ago; Extended: live order book, 24 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, 27 min ago	6.54 bp	14.0 bp −$14	92.2 bp −$922	doesn't fit	doesn't fit
Sell Extended live order book, 24 min ago	2.10 bp	19.2 bp −$19	154.3 bp −$1,543	doesn't fit	doesn't fit

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	−0.0241%	8h	7.6185	−0.138%	$51K	$269K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0152%	4h	7.6090	−0.262%	$2.2M	$7.6M	50x	as long as short
ApeX Omni ZENUSDTlong	−0.0002%	1h	7.6290	long leg	$27K	$686K	50x
dYdX ZEN-USD	0.0000%	1h	7.6215	−0.099%	$9K	—	5x	as long as short
Extended ZEN-USDshort	0.0000%	1h	7.6123	−0.219%	$25K	$110K	5x
MEXC ZEN_USDT	+0.0002%	8h	7.6140	−0.197%	$12.1M	$7.4M	200x	as long as short
Binance ZENUSDT	+0.0002%	8h	7.6130	−0.210%	$10.8M	$36.8M	75x	as long as short
KuCoin ZENUSDTM	+0.0020%	8h	7.6130	−0.210%	$4.3M	$5.6M	50x	as long as short
Bitget ZENUSDT	+0.0023%	8h	7.6060	−0.301%	$2.8M	$4.1M	50x	as long as short
BingX ZEN-USDT	+0.0031%	8h	7.6090	−0.262%	—	$3.6M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZENUSDT	+0.0032%	8h	7.6123	−0.219%	$40K	$318K	10x	as long as short
Bybit ZENUSDT	+0.0043%	8h	7.6100	−0.249%	$4.6M	$9.3M	75x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6320	+0.039%	$2.4M	$2.6M	5x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6250	−0.052%	$575K	$1.4M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6190	−0.131%	$2K	$1.6M	20x	as long as short
BloFin ZEN-USDT	+0.0100%	8h	7.6230	−0.079%	$840K	$2.2M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.1177%	1h	7.6365	+0.098%	$480K	$1.2M	25x	as long as short