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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.012%
Price spread now: Extended against BingX−0.083%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$730.727% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.056%−$6 on $10k
Price spread, last 4 days (all we have)+0.174%+$17 · spread now −0.083%, 7d avg −0.019%
Together, before fees+0.119%+ Points / potential airdropExtended: Active · farm board+$12 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 0.064% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ZEN-USDT7.64700.0100pay 0.0100% / 8h3h 50m$3.1M
ShortExtended ZEN-USD7.64060.0104get 0.0013% / 1h50m 40s$25K$147K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.083% → −0.019%
−$6.43
Slippage, 4 orders
−$57.74
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$78.33
Costs to cover
0.727%
Break-even
659.7 days
Slippage from BingX: live order book, 9 min ago; Extended: live order book, 65 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, 9 min ago0.65 bp21.2 bp −$2144.4 bp −$444299.3 bp −$29.9K434.3 bp −$217.1K
Sell Extended live order book, 65 min ago2.30 bp20.5 bp −$20152.7 bp −$1,527doesn'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%1h7.6681+0.276%$9K5xas long as short
KuCoin ZENUSDTM+0.0061%8h7.6500+0.039%$4.1M$4.3M50xas long as short
OKX ZEN-USDT-SWAP+0.0086%4h7.6380−0.118%$2.2M$5.3M50xas long as short
Aster ZENUSDT+0.0100%8h7.6487+0.022%$48K$380K10xas long as short
Binance ZENUSDT+0.0100%8h7.6434−0.047%$11.0M$30.3M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6450−0.026%$4.5M$5.9M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.6420−0.065%$11.6M$5.0M200xas long as short
Bitget ZENUSDT+0.0100%8h7.6510+0.052%$2.8M$3.1M50xas long as short
BingX ZEN-USDTlong+0.0100%8h7.6470long leg$3.1M
Variational Omni ZEN+0.0100%8h7.6582+0.146%$55K$89Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6733+0.344%$577K$2.1M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6690+0.288%$27K$681K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6620+0.196%$1K$1.3M20xas long as short
Extended ZEN-USDshort+0.0104%1h7.6406−0.083%$25K$147K5x
BloFin ZEN-USDT+0.0220%8h7.6580+0.144%$829K$1.5M75xas long as short
Hyperliquid ZEN+0.0321%1h7.6604+0.175%$2.5M$1.3M5xas long as short
Kraken Futures PF_ZENUSD+0.2337%1h7.6764+0.384%$495K$1.0M25xas long as short