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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h 0.000%
Price spread now: ApeX Omni against Extended+0.190%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$670.669% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.190%, 7d avg +0.081%
Together, before fees−0.099%+ Points / potential airdropExtended: Active · farm board−$10 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: ApeX Omni is 0.109% dearer against Extended than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.081%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ZEN-USD7.70240.0104pay 0.0013% / 1h1m 33s$22K$130K5x
ShortApeX Omni ZENUSDT7.71700.0100get 0.0013% / 1h1m 33s$27K$671K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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: +0.190% → +0.081%
$10.9
Slippage, 4 orders
−$51.92
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$56.86
Costs to cover
0.669%
Break-even
never at this rate
Slippage from Extended: live order book, 39 min ago; ApeX Omni: live order book, 42 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 Extended live order book, 39 min ago2.27 bp18.8 bp −$19196.5 bp −$1,965doesn't fitdoesn't fit
Sell ApeX Omni live order book, 42 min ago6.47 bp15.3 bp −$15104.5 bp −$1,045doesn'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%1h7.7165+0.183%$9K5xas long as short
KuCoin ZENUSDTM+0.0021%8h7.7060+0.047%$4.1M$4.0M50xas long as short
Hyperliquid ZEN+0.0100%1h7.7206+0.236%$2.4M$1.3M5xas long as short
Aster ZENUSDT+0.0100%8h7.7091+0.088%$43K$393K10xas long as short
Binance ZENUSDT+0.0100%8h7.70240.000%$11.1M$29.8M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6980−0.057%$4.5M$5.6M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.7010−0.018%$2.3M$5.3M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.7050+0.034%$12.2M$5.1M200xas long as short
Bitget ZENUSDT+0.0100%8h7.7070+0.060%$2.9M$3.0M50xas long as short
BingX ZEN-USDT+0.0100%8h7.7060+0.047%$3.0Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEN+0.0100%8h7.7251+0.296%$55K$69Kas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.7070+0.060%$578K$2.7M10xas long as short
ApeX Omni ZENUSDTshort+0.0100%1h7.7170+0.190%$27K$671K50x
SunX ZEN-USDT+0.0100%8h7.7130+0.138%$1K$1.3M20xas long as short
Extended ZEN-USDlong+0.0104%1h7.7024long leg$22K$130K5x
BloFin ZEN-USDT+0.0220%8h7.7170+0.190%$838K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.2855%1h7.7228+0.265%$494K$877K25xas long as short