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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: ApeX Omni against BingX+0.051%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$580.582% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.073%−$7 on $10k
Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.051%, 7d avg +0.057%
Together, before fees−0.084%−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZEN-USDT7.76700.0100pay 0.0100% / 8h22m 47s$3.4M
ShortApeX Omni ZENUSDT7.77100.0100get 0.0013% / 1h22m 47s$27K$684K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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: +0.051% → +0.057%
−$0.56
Slippage, 4 orders
−$38.18
Fee BingX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$58.75
Costs to cover
0.582%
Break-even
never at this rate
Slippage from BingX: live order book, 12 min ago; ApeX Omni: live order book, 56 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 BingX live order book, 12 min ago3.85 bp16.6 bp −$1732.5 bp −$325286.5 bp −$28.7K427.2 bp −$213.6K
Sell ApeX Omni live order book, 56 min ago5.20 bp14.7 bp −$15100.4 bp −$1,004doesn'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
Variational Omni ZEN−0.0037%8h7.7806+0.175%$52K$85Kas long as short
dYdX ZEN-USD0.0000%1h7.7681+0.014%$9K5xas long as short
OKX ZEN-USDT-SWAP+0.0001%4h7.7710+0.051%$2.3M$5.8M50xas long as short
KuCoin ZENUSDTM+0.0018%8h7.7750+0.103%$4.5M$4.9M50xas long as short
Bybit ZENUSDT+0.0037%8h7.7740+0.090%$4.7M$6.3M75xas long as short
Binance ZENUSDT+0.0069%8h7.7780+0.142%$11.3M$31.5M75xas long as short
MEXC ZEN_USDT+0.0070%8h7.7770+0.129%$12.6M$5.5M200xas long as short
Extended ZEN-USD+0.0072%1h7.7698+0.036%$25K$118K5xas long as short
Aster ZENUSDT+0.0100%8h7.7796+0.162%$53K$375K10xas long as short
Bitget ZENUSDT+0.0100%8h7.7720+0.064%$2.9M$3.5M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ZEN-USDTlong+0.0100%8h7.7670long leg$3.4M
GRVT ZEN_USDT_Perp+0.0100%8h7.7899+0.294%$581K$1.7M10xas long as short
ApeX Omni ZENUSDTshort+0.0100%1h7.7710+0.051%$27K$684K50x
SunX ZEN-USDT+0.0100%8h7.7590−0.103%$2K$1.4M20xas long as short
BloFin ZEN-USDT+0.0190%8h7.7570−0.129%$846K$1.8M75xas long as short
Hyperliquid ZEN+0.0458%1h7.7920+0.322%$2.5M$1.8M5xas long as short
Kraken Futures PF_ZENUSD+0.2644%1h7.7956+0.368%$510K$1.0M25xas long as short