Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0004%/8hpaid last 24h −0.003%

Price spread now: ApeX Omni against Binance+0.197%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.933%+$93 · spread now +0.197%, 7d avg +0.031%

Together, before fees+0.924%+$92 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: ApeX Omni is 0.166% dearer against Binance than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZENUSDT	7.6140	0.0002	pay 0.0002% / 8h	4h 05m	$10.8M	$36.8M	75x
Short	ApeX Omni ZENUSDT	7.6290	−0.0002	pay 0.0000% / 1h	5m 09s	$27K	$686K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.197%Rate

Funding earned: −$0.92
Price spread: +0.197% → +0.031%: $16.63
Slippage, 4 orders: −$33.65
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$37.94
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; ApeX Omni: live order book, 27 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 Binance live order book, 11 min ago	0.66 bp	11.9 bp −$12	35.9 bp −$359	400.2 bp −$40.0K	doesn't fit
Sell ApeX Omni live order book, 27 min ago	6.54 bp	13.3 bp −$13	93.3 bp −$933	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
Variational Omni ZEN	−0.0241%	8h	7.6185	+0.059%	$51K	$269K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0152%	4h	7.6090	−0.066%	$2.2M	$7.6M	50x	as long as short
ApeX Omni ZENUSDTshort	−0.0002%	1h	7.6290	+0.197%	$27K	$686K	50x
dYdX ZEN-USD	0.0000%	1h	7.6215	+0.098%	$9K	—	5x	as long as short
Extended ZEN-USD	0.0000%	1h	7.6123	−0.022%	$25K	$110K	5x	as long as short
MEXC ZEN_USDT	+0.0002%	8h	7.6140	0.000%	$12.1M	$7.4M	200x	as long as short
Binance ZENUSDTlong	+0.0002%	8h	7.6140	long leg	$10.8M	$36.8M	75x
KuCoin ZENUSDTM	+0.0020%	8h	7.6140	0.000%	$4.3M	$5.6M	50x	as long as short
Bitget ZENUSDT	+0.0023%	8h	7.6160	+0.026%	$2.8M	$4.1M	50x	as long as short
BingX ZEN-USDT	+0.0031%	8h	7.6150	+0.013%	—	$3.6M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZENUSDT	+0.0032%	8h	7.6121	−0.025%	$40K	$318K	10x	as long as short
Bybit ZENUSDT	+0.0043%	8h	7.6130	−0.013%	$4.6M	$9.3M	75x	as long as short
BloFin ZEN-USDT	+0.0064%	8h	7.6090	−0.066%	$838K	$2.1M	75x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6331	+0.251%	$2.4M	$2.6M	5x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6250	+0.144%	$575K	$1.4M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6190	+0.066%	$2K	$1.6M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1177%	1h	7.6365	+0.295%	$480K	$1.2M	25x	as long as short