Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0064%/8hpaid last 24h −0.025%

Price spread now: Extended against BloFin+0.183%7-day average −0.027% · 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−$40as in the Price arb table

costs, in and out, $10k−$610.609% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 3 days (all we have)−0.301%−$30 · spread now +0.183%, 7d avg −0.027%

Together, before fees−0.520%+ Points / potential airdropExtended: Active · farm board−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.210% dearer against BloFin than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of −0.027%): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZEN-USDT	7.6090	0.0064	pay 0.0064% / 8h	4h 05m	$838K	$2.1M	75x
Short	Extended ZEN-USD	7.6229	0	get 0.0000% / 1h	5m 02s	$25K	$110K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.183%Rate

Funding earned: −$13.36
Price spread: +0.183% → −0.027%: $21.02
Slippage, 4 orders: −$43.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$53.24
Costs to cover: 0.609%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Extended: live order book, 24 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 BloFin live order book, 2 min ago	0.66 bp	12.7 bp −$13	23.4 bp −$234	doesn't fit	doesn't fit
Sell Extended live order book, 24 min ago	2.10 bp	19.2 bp −$19	154.3 bp −$1,543	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
Variational Omni ZEN	−0.0241%	8h	7.6185	+0.124%	$51K	$269K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0152%	4h	7.6160	+0.092%	$2.2M	$7.6M	50x	as long as short
ApeX Omni ZENUSDT	−0.0002%	1h	7.6290	+0.263%	$27K	$686K	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6215	+0.164%	$9K	—	5x	as long as short
Extended ZEN-USDshort	0.0000%	1h	7.6229	+0.183%	$25K	$110K	5x
MEXC ZEN_USDT	+0.0002%	8h	7.6270	+0.237%	$12.1M	$7.4M	200x	as long as short
Binance ZENUSDT	+0.0002%	8h	7.6230	+0.184%	$10.8M	$36.8M	75x	as long as short
KuCoin ZENUSDTM	+0.0020%	8h	7.6230	+0.184%	$4.3M	$5.6M	50x	as long as short
Bitget ZENUSDT	+0.0023%	8h	7.6170	+0.105%	$2.8M	$4.1M	50x	as long as short
BingX ZEN-USDT	+0.0031%	8h	7.6150	+0.079%	—	$3.6M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZENUSDT	+0.0032%	8h	7.6123	+0.043%	$40K	$318K	10x	as long as short
Bybit ZENUSDT	+0.0043%	8h	7.6170	+0.105%	$4.6M	$9.3M	75x	as long as short
BloFin ZEN-USDTlong	+0.0064%	8h	7.6090	long leg	$838K	$2.1M	75x
Hyperliquid ZEN	+0.0100%	1h	7.6331	+0.317%	$2.4M	$2.6M	5x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6250	+0.210%	$575K	$1.4M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6190	+0.131%	$2K	$1.6M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1177%	1h	7.6365	+0.361%	$480K	$1.2M	25x	as long as short