Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.023%

Price spread now: KuCoin against Extended+0.024%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$950.953% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.024%, 7d avg +0.054%

Together, before fees−0.096%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.030% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.054%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZEN-USD	7.7532	0.0104	pay 0.0013% / 1h	21m 02s	$22K	$133K	5x
Short	KuCoin ZENUSDTM	7.7550	0.0054	get 0.0054% / 8h	1h 21m	$4.1M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$10.5
Price spread: +0.024% → +0.054%: −$3.04
Slippage, 4 orders: −$78.35
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$108.89
Costs to cover: 0.953%
Break-even: never at this rate

Slippage from Extended: live order book, 20 min ago; KuCoin: live order book, 7 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 Extended live order book, 20 min ago	2.27 bp	18.8 bp −$19	196.5 bp −$1,965	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	2.59 bp	35.6 bp −$36	76.3 bp −$763	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
dYdX ZEN-USD	0.0000%	1h	7.7657	+0.162%	$9K	—	5x	as long as short
KuCoin ZENUSDTMshort	+0.0054%	8h	7.7550	+0.024%	$4.1M	$4.0M	50x
OKX ZEN-USDT-SWAP	+0.0095%	4h	7.7530	−0.002%	$2.3M	$5.4M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7740	+0.269%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7550	+0.024%	$44K	$393K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7534	+0.003%	$11.2M	$30.0M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7500	−0.041%	$4.5M	$5.6M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7590	+0.075%	$12.4M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7570	+0.050%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7550	+0.024%	—	$3.0M	—	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	7.7481	−0.065%	$55K	$79K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7495	−0.047%	$577K	$2.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7440	−0.118%	$27K	$672K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7580	+0.062%	$1K	$1.3M	20x	as long as short
Extended ZEN-USDlong	+0.0104%	1h	7.7532	long leg	$22K	$133K	5x
BloFin ZEN-USDT	+0.0220%	8h	7.7530	−0.002%	$837K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.2840%	1h	7.7642	+0.142%	$496K	$1.0M	25x	as long as short