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 +0.035%

Price spread now: SunX against Bybit+0.368%46s7-day average +0.074% · you sell dearer than you buy

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 3 days (all we have)−0.450%−$45 · spread now +0.368%, 7d avg +0.074%

Together, before fees−0.369%−$37 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 0.294% dearer against Bybit than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.074%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZENUSDT	7.6190	0.0100	pay 0.0100% / 8h	6h 40m	$4.5M	$6.1M	75x
Short	SunX ZEN-USDT	7.6470	0.0100	get 0.0100% / 8h	6h 40m	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.368%Rate

Funding earned: $0
Price spread: +0.368% → +0.074%: $29.4
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: $10.4
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bybit: live order book, 2 min ago; SunX: live order book, 4 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 Bybit live order book, 2 min ago	3.26 bp	42.2 bp −$42	343.1 bp −$3,431	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	501.23 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
ApeX Omni ZENUSDT	−0.0012%	1h	7.7080	+1.168%	$26K	$688K	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6458	+0.351%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0055%	8h	7.6468	+0.365%	$51K	$85K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6473	+0.371%	$55K	$383K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6314	+0.163%	$11.0M	$31.5M	75x	as long as short
Bybit ZENUSDTlong	+0.0100%	8h	7.6190	long leg	$4.5M	$6.1M	75x
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6170	−0.026%	$2.3M	$5.6M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6440	+0.328%	$12.1M	$5.3M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.6540	+0.459%	$4.4M	$4.7M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6410	+0.289%	$2.9M	$3.5M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.6430	+0.315%	—	$3.3M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6920	+0.958%	$573K	$1.8M	10x	as long as short
SunX ZEN-USDTshort	+0.0100%	8h	7.6470	+0.368%	$1K	$1.4M	20x
Extended ZEN-USD	+0.0104%	1h	7.6402	+0.279%	$27K	$122K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7330	+1.496%	$864K	$1.7M	75x	as long as short
Hyperliquid ZEN	+0.0454%	1h	7.6697	+0.665%	$2.4M	$1.7M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3231%	1h	7.6805	+0.808%	$502K	$1.0M	25x	as long as short