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 −0.011%

Price spread now: Binance against Bitget−0.090%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days+0.146%+$15 · spread now −0.090%, 7d avg +0.030%

Together, before fees+0.094%+$9 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: Binance is 0.120% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZENUSDT	7.6700	0.0100	pay 0.0100% / 8h	3h 55m	$2.9M	$3.1M	50x
Short	Binance ZENUSDT	7.6631	0.0100	get 0.0100% / 8h	3h 55m	$11.1M	$30.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → +0.030%: −$11.99
Slippage, 4 orders: −$41.56
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$75.55
Costs to cover: 0.636%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 1 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 Bitget live order book, 2 min ago	4.57 bp	16.4 bp −$16	37.8 bp −$378	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	1.31 bp	14.8 bp −$15	39.2 bp −$392	186.5 bp −$18.7K	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	7.6521	−0.233%	$9K	—	5x	as long as short
ApeX Omni ZENUSDT	+0.0056%	1h	7.6610	−0.117%	$27K	$681K	50x	as long as short
KuCoin ZENUSDTM	+0.0070%	8h	7.6600	−0.130%	$4.1M	$4.3M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0081%	4h	7.6680	−0.026%	$2.2M	$5.3M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6551	−0.195%	$49K	$380K	10x	as long as short
Binance ZENUSDTshort	+0.0100%	8h	7.6631	−0.090%	$11.1M	$30.3M	75x
Bybit ZENUSDT	+0.0100%	8h	7.6680	−0.026%	$4.5M	$5.9M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6620	−0.104%	$11.6M	$5.0M	200x	as long as short
Bitget ZENUSDTlong	+0.0100%	8h	7.6700	long leg	$2.9M	$3.1M	50x
BingX ZEN-USDT	+0.0100%	8h	7.6640	−0.078%	—	$3.1M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.6502	−0.259%	$55K	$89K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6600	−0.130%	$578K	$2.1M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6530	−0.222%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6529	−0.223%	$25K	$147K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6620	−0.104%	$827K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0405%	1h	7.6839	+0.181%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2336%	1h	7.6771	+0.093%	$497K	$1.0M	25x	as long as short