Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

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: Aster against BingX+0.076%7-day average +0.049% · 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−$343as in the Price arb table

costs, in and out, $10k−$3463.459% of the position

Long on BingX Short on Aster

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)+0.312%+$31 · spread now +0.076%, 7d avg +0.049%

Together, before fees+0.281%+ Points / potential airdropAster: Stage 5 · farm board+$28 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: Aster is 0.027% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.6850	0.0100	pay 0.0100% / 8h	5h 38m	—	$3.2M	—
Short	Aster ZENUSDT	7.6908	0.0100	get 0.0100% / 8h	5h 38m	$53K	$375K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee BingXbpFee AsterbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.049%: $2.68
Slippage, 4 orders: −$327.95
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$343.27
Costs to cover: 3.459%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Aster: live order book, 23 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 BingX live order book, 11 min ago	4.56 bp	18.0 bp −$18	40.7 bp −$407	335.1 bp −$33.5K	488.6 bp −$244.3K
Sell Aster live order book, 23 min ago	8.38 bp	287.9 bp −$288	doesn't fit	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	7.6883	+0.043%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0095%	8h	7.6940	+0.117%	$51K	$83K	—	as long as short
Aster ZENUSDTshort	+0.0100%	8h	7.6908	+0.076%	$53K	$375K	10x
Binance ZENUSDT	+0.0100%	8h	7.6945	+0.124%	$11.2M	$30.1M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6920	+0.091%	$4.6M	$5.8M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6950	+0.130%	$2.3M	$5.4M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6940	+0.117%	$11.9M	$5.0M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.6840	−0.013%	$4.1M	$4.6M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6870	+0.026%	$2.9M	$3.2M	50x	as long as short
BingX ZEN-USDTlong	+0.0100%	8h	7.6850	long leg	—	$3.2M	—

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	7.7270	+0.547%	$584K	$1.8M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7270	+0.547%	$26K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6880	+0.039%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6879	+0.038%	$25K	$127K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6820	−0.039%	$847K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0348%	1h	7.7055	+0.267%	$2.5M	$1.4M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3186%	1h	7.7120	+0.351%	$505K	$1.0M	25x	as long as short