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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: BingX against Aster−0.114%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$352as in the Price arb table
costs, in and out, $10k−$3463.459% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.031%+$3 on $10k
Price spread, last 4 days (all we have)−0.273%−$27 · spread now −0.114%, 7d avg −0.049%
Together, before fees−0.242%+ Points / potential airdropAster: Stage 5 · farm board−$24 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 0.065% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZENUSDT7.71880.0100pay 0.0100% / 8h5h 34m$53K$375K10x
ShortBingX ZEN-USDT7.71000.0100get 0.0100% / 8h5h 34m$3.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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: −0.114% → −0.049%
−$6.53
Slippage, 4 orders
−$327.95
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$352.48
Costs to cover
3.459%
Break-even
never at this rate
Slippage from Aster: live order book, 28 min ago; BingX: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 28 min ago8.38 bp22.1 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 15 min ago4.56 bp17.9 bp −$1835.9 bp −$359160.9 bp −$16.1K382.6 bp −$191.3K

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%1h7.7050−0.180%$9K5xas long as short
Variational Omni ZEN+0.0094%8h7.7020−0.218%$51K$83Kas long as short
Aster ZENUSDTlong+0.0100%8h7.7188long leg$53K$375K10x
Binance ZENUSDT+0.0100%8h7.7090−0.127%$11.2M$30.0M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7040−0.192%$4.6M$5.8M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.7040−0.192%$2.3M$5.4M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.7080−0.140%$12.0M$5.0M200xas long as short
KuCoin ZENUSDTM+0.0100%8h7.7080−0.140%$4.1M$4.5M50xas long as short
Bitget ZENUSDT+0.0100%8h7.7090−0.127%$2.9M$3.2M50xas long as short
BingX ZEN-USDTshort+0.0100%8h7.7100−0.114%$3.2M
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6963−0.292%$576K$1.9M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6990−0.257%$26K$685K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7170−0.024%$2K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.7069−0.155%$25K$127K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7130−0.075%$852K$1.6M75xas long as short
Hyperliquid ZEN+0.0329%1h7.7217+0.037%$2.5M$1.4M5xas long as short
Kraken Futures PF_ZENUSD+0.3170%1h7.7512+0.419%$507K$1.0M25xas long as short