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

ZEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.052%
Price spread now: Variational Omni against ApeX Omni+0.103%118s7-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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.103% dearer against ApeX Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 118 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ZENUSDT7.61000.0100pay 0.0013% / 1h33m 40s$26K$680K50x
ShortVariational Omni ZEN7.61780.0100get 0.0100% / 8h2h 33m$54K$89K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$0
Price spread: +0.103% → 0.000%
$10.27
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$0.27
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 15 min ago; Variational Omni: 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, 15 min ago6.55 bp13.6 bp −$1492.2 bp −$922doesn't fitdoesn't fit
Sell Variational Omni no order-book sample
Variational Omni: 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-USD0.0000%1h7.6014−0.113%$9K5xas long as short
OKX ZEN-USDT-SWAP+0.0056%4h7.5840−0.342%$2.2M$5.1M50xas long as short
KuCoin ZENUSDTM+0.0061%8h7.5980−0.158%$4.0M$4.2M50xas long as short
Hyperliquid ZEN+0.0100%1h7.5983−0.154%$2.4M$1.3M5xas long as short
Aster ZENUSDT+0.0100%8h7.5926−0.228%$43K$387K10xas long as short
Binance ZENUSDT+0.0100%8h7.5850−0.328%$10.9M$29.8M75xas long as short
Bybit ZENUSDT+0.0100%8h7.5780−0.420%$4.4M$5.7M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.5850−0.329%$11.5M$4.9M200xas long as short
Bitget ZENUSDT+0.0100%8h7.5850−0.329%$2.8M$3.1M50xas long as short
BingX ZEN-USDT+0.0100%8h7.5880−0.289%$3.1Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZENshort+0.0100%8h7.6178+0.103%$54K$89K
GRVT ZEN_USDT_Perp+0.0100%8h7.6153+0.070%$576K$2.4M10xas long as short
ApeX Omni ZENUSDTlong+0.0100%1h7.6100long leg$26K$680K50x
SunX ZEN-USDT+0.0100%8h7.5960−0.184%$2K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.5829−0.356%$22K$134K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.6360+0.342%$828K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.3116%1h7.6120+0.027%$486K$1.0M25xas long as short