Funding arb · Price arb /

ZEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Extended against Aster+0.030%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$339as in the Price arb table

costs, in and out, $10k−$3493.489% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.030%, 7d avg −0.069%

Together, before fees−0.230%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$23 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 0.099% dearer against Aster than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZENUSDT	7.7075	0.0100	pay 0.0100% / 8h	5h 36m	$53K	$375K	10x
Short	Extended ZEN-USD	7.7098	0.0104	get 0.0013% / 1h	36m 06s	$25K	$127K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee AsterbpFee ExtendedbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0.84
Price spread: +0.030% → −0.069%: $9.87
Slippage, 4 orders: −$335.86
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$338.15
Costs to cover: 3.489%
Break-even: 2824.9 days

Slippage from Aster: live order book, 26 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 Aster live order book, 26 min ago	8.38 bp	22.1 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 24 min ago	2.64 bp	19.9 bp −$20	129.5 bp −$1,295	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	7.7048	−0.035%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0094%	8h	7.7020	−0.071%	$51K	$83K	—	as long as short
Aster ZENUSDTlong	+0.0100%	8h	7.7075	long leg	$53K	$375K	10x
Binance ZENUSDT	+0.0100%	8h	7.7197	+0.159%	$11.2M	$30.0M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7070	−0.006%	$4.6M	$5.8M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7020	−0.071%	$2.3M	$5.4M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7150	+0.098%	$12.0M	$5.0M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.7120	+0.059%	$4.1M	$4.6M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7100	+0.033%	$2.9M	$3.2M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7070	−0.006%	—	$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	7.6867	−0.270%	$575K	$1.9M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6870	−0.265%	$26K	$685K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7080	+0.007%	$2K	$1.3M	20x	as long as short
Extended ZEN-USDshort	+0.0104%	1h	7.7098	+0.030%	$25K	$127K	5x
BloFin ZEN-USDT	+0.0220%	8h	7.6960	−0.149%	$848K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0334%	1h	7.7260	+0.241%	$2.5M	$1.4M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3175%	1h	7.7387	+0.405%	$506K	$1.0M	25x	as long as short