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 0.000%

Price spread now: SunX against BingX+0.105%7-day average +0.023% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.105%, 7d avg +0.023%

Together, before fees−0.204%−$20 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: SunX is 0.083% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.5960	0.0100	pay 0.0100% / 8h	2h 31m	—	$3.1M	—
Short	SunX ZEN-USDT	7.6040	0.0100	get 0.0100% / 8h	2h 31m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → +0.023%: $8.27
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$9.73
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; SunX: live order book, 3 min ago. Net counts fees only.

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, 4 min ago	4.60 bp	17.5 bp −$18	32.3 bp −$323	270.5 bp −$27.1K	441.9 bp −$220.9K
Sell SunX live order book, 3 min ago	496.87 bp	doesn't fit	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	7.6084	+0.164%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0061%	4h	7.5970	+0.013%	$2.2M	$5.2M	50x	as long as short
KuCoin ZENUSDTM	+0.0062%	8h	7.6020	+0.079%	$4.0M	$4.2M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6100	+0.184%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6009	+0.064%	$43K	$388K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6002	+0.055%	$10.9M	$29.8M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6000	+0.053%	$4.4M	$5.7M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6000	+0.053%	$11.5M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.5940	−0.026%	$2.8M	$3.1M	50x	as long as short
BingX ZEN-USDTlong	+0.0100%	8h	7.5960	long leg	—	$3.1M	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.6178	+0.287%	$54K	$89K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6090	+0.171%	$569K	$2.4M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.5890	−0.092%	$26K	$679K	50x	as long as short
SunX ZEN-USDTshort	+0.0100%	8h	7.6040	+0.105%	$2K	$1.3M	20x
Extended ZEN-USD	+0.0104%	1h	7.5982	+0.029%	$22K	$134K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.5870	−0.118%	$823K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.3112%	1h	7.6212	+0.332%	$487K	$1.0M	25x	as long as short