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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h −0.056%
Price spread now: OKX against Aster−0.036%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$209as in the Price arb table
costs, in and out, $10k−$2152.152% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.100%−$10 on $10k
Price spread, last 4 days (all we have)−0.201%−$20 · spread now −0.036%, 7d avg −0.099%
Together, before fees−0.301%+ Points / potential airdropAster: Stage 5 · farm board−$30 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: OKX is 0.063% dearer against Aster than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.099%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZENUSDT7.67280.0100pay 0.0100% / 8h4h 23m$53K$374K10x
ShortOKX ZEN-USDT-SWAP7.67000.0097get 0.0048% / 4h23m 11s$2.3M$5.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$0.68
Price spread: −0.036% → −0.099%
$6.29
Slippage, 4 orders
−$197.18
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$209.57
Costs to cover
2.152%
Break-even
never at this rate
Slippage from Aster: live order book, 34 min ago; OKX: live order book, 5 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, 34 min ago10.53 bp25.4 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 5 min ago0.65 bp18.5 bp −$1982.7 bp −$827doesn't fitdoesn't fit

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%1h7.6743+0.020%$9K5xas long as short
OKX ZEN-USDT-SWAPshort+0.0097%4h7.6700−0.036%$2.3M$5.4M50x
Aster ZENUSDTlong+0.0100%8h7.6728long leg$53K$374K10x
Binance ZENUSDT+0.0100%8h7.6710−0.023%$11.1M$30.2M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6700−0.036%$4.5M$5.9M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.6740+0.016%$11.7M$5.1M200xas long as short
KuCoin ZENUSDTM+0.0100%8h7.6700−0.036%$4.1M$4.4M50xas long as short
Bitget ZENUSDT+0.0100%8h7.6680−0.062%$2.9M$3.2M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6710−0.023%$3.1Mas long as short
Variational Omni ZEN+0.0100%8h7.6501−0.296%$55K$89Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6440−0.375%$574K$2.0M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6700−0.036%$27K$686K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6720−0.010%$1K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.6700−0.037%$22K$144K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.6740+0.016%$819K$1.6M75xas long as short
Hyperliquid ZEN+0.0328%1h7.6906+0.232%$2.5M$1.3M5xas long as short
Kraken Futures PF_ZENUSD+0.3083%1h7.6878+0.195%$498K$1.0M25xas long as short