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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.017%
Price spread now: Extended against Bitget+0.080%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$780.777% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.054%−$5 on $10k
Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.080%, 7d avg −0.030%
Together, before fees−0.167%+ Points / potential airdropExtended: Active · farm board−$17 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 0.110% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ZENUSDT7.81200.0100pay 0.0100% / 8h7h 10m$2.9M$3.4M50x
ShortExtended ZEN-USD7.81820.0104get 0.0013% / 1h10m 13s$22K$121K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: +0.080% → −0.030%
$11.03
Slippage, 4 orders
−$60.69
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$65.82
Costs to cover
0.777%
Break-even
555.5 days
Slippage from Bitget: live order book, 3 min ago; Extended: live order book, 60 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 Bitget live order book, 3 min ago3.83 bp17.4 bp −$1731.9 bp −$319doesn't fitdoesn't fit
Sell Extended live order book, 60 min ago3.36 bp21.4 bp −$21162.0 bp −$1,620doesn'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%1h7.8172+0.066%$9K5xas long as short
Variational Omni ZEN+0.0030%8h7.7982−0.176%$52K$85Kas long as short
Aster ZENUSDT+0.0100%8h7.8122+0.003%$53K$379K10xas long as short
Binance ZENUSDT+0.0100%8h7.8201+0.104%$11.4M$31.3M75xas long as short
Bybit ZENUSDT+0.0100%8h7.8110−0.013%$4.7M$6.1M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.8110−0.013%$2.4M$5.7M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.8210+0.115%$12.5M$5.3M200xas long as short
KuCoin ZENUSDTM+0.0100%8h7.8200+0.102%$4.5M$4.8M50xas long as short
Bitget ZENUSDTlong+0.0100%8h7.8120long leg$2.9M$3.4M50x
BingX ZEN-USDT+0.0100%8h7.8160+0.051%$3.3Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.8089−0.039%$590K$1.7M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.8090−0.038%$27K$688K50xas long as short
SunX ZEN-USDT+0.0100%8h7.8040−0.102%$2K$1.4M20xas long as short
Extended ZEN-USDshort+0.0104%1h7.8182+0.080%$22K$121K5x
BloFin ZEN-USDT+0.0220%8h7.8220+0.128%$849K$1.8M75xas long as short
Hyperliquid ZEN+0.0360%1h7.8393+0.349%$2.5M$1.8M5xas long as short
Kraken Futures PF_ZENUSD+0.2962%1h7.8348+0.291%$513K$1.0M25xas long as short