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 +0.013%

Price spread now: SunX against ApeX Omni+0.130%73s7-day average −0.022% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)−0.742%−$74 · spread now +0.130%, 7d avg −0.022%

Together, before fees−0.671%−$67 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: SunX is 0.152% dearer against ApeX Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.022%. The two prices were read 73 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	7.7180	0.0100	pay 0.0013% / 1h	30m 15s	$26K	$685K	50x
Short	SunX ZEN-USDT	7.7280	0.0100	get 0.0100% / 8h	5h 30m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.130%Rate

Funding earned: $0
Price spread: +0.130% → −0.022%: $15.16
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$2.84
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 33 min ago; SunX: live order book, 4 min ago. Net counts fees only.

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, 33 min ago	8.37 bp	15.7 bp −$16	110.4 bp −$1,104	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.68 bp	doesn't fit	doesn't fit	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
dYdX ZEN-USD	0.0000%	1h	7.7262	+0.106%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0098%	8h	7.7059	−0.157%	$51K	$83K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7278	+0.127%	$54K	$375K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7242	+0.080%	$11.2M	$30.0M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7260	+0.104%	$4.6M	$5.8M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7180	0.000%	$2.3M	$5.4M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7230	+0.065%	$12.0M	$5.0M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.7260	+0.104%	$4.1M	$4.5M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7260	+0.104%	$2.9M	$3.2M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7260	+0.104%	—	$3.2M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7270	+0.117%	$578K	$1.9M	10x	as long as short
ApeX Omni ZENUSDTlong	+0.0100%	1h	7.7180	long leg	$26K	$685K	50x
SunX ZEN-USDTshort	+0.0100%	8h	7.7280	+0.130%	$1K	$1.3M	20x
Extended ZEN-USD	+0.0104%	1h	7.7207	+0.035%	$25K	$127K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7150	−0.039%	$849K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0343%	1h	7.7378	+0.257%	$2.5M	$1.4M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3171%	1h	7.7468	+0.373%	$507K	$1.0M	25x	as long as short