Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.015%

Price spread now: SunX against Extended−0.242%7-day average +0.050% · you buy dearer than you sell

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

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 3 days (all we have)+0.315%+$31 · spread now −0.242%, 7d avg +0.050%

Together, before fees+0.374%+ Points / potential airdropExtended: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.293% cheaper against Extended than usual: you would sell low and buy high (spread −0.242% now, against its 7-day average of +0.050%). If the spread goes back, that is −$29 on $10k: about 11 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.060% in total) that is about 34 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZEN-USD	7.6616	0.0008	pay 0.0001% / 1h	58m 53s	$25K	$110K	5x
Short	SunX ZEN-USDT	7.6430	0.0100	get 0.0100% / 8h	1h 58m	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.242%Rate

Funding earned: $19.32
Price spread: −0.242% → +0.050%: −$29.26
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$22.94
Costs to cover: 0.130%
Break-even: 15.3 days

Slippage unknown: Extended: live order book, 21 min ago; SunX: live order book, 6 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 Extended live order book, 21 min ago	2.02 bp	19.6 bp −$20	190.3 bp −$1,903	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	494.87 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
OKX ZEN-USDT-SWAP	−0.0099%	4h	7.6600	−0.020%	$2.3M	$5.9M	50x	as long as short
Variational Omni ZEN	−0.0072%	8h	7.6417	−0.259%	$51K	$151K	—	as long as short
KuCoin ZENUSDTM	−0.0024%	8h	7.6600	−0.020%	$4.3M	$5.2M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6621	+0.007%	$9K	—	5x	as long as short
Extended ZEN-USDlong	+0.0008%	1h	7.6616	long leg	$25K	$110K	5x
MEXC ZEN_USDT	+0.0009%	8h	7.6620	+0.006%	$12.1M	$5.5M	200x	as long as short
Binance ZENUSDT	+0.0010%	8h	7.6629	+0.018%	$11.0M	$32.2M	75x	as long as short
Bitget ZENUSDT	+0.0029%	8h	7.6600	−0.020%	$2.8M	$3.5M	50x	as long as short
BloFin ZEN-USDT	+0.0038%	8h	7.6380	−0.308%	$838K	$1.9M	75x	as long as short
Aster ZENUSDT	+0.0070%	8h	7.6590	−0.033%	$53K	$381K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZENUSDT	+0.0100%	8h	7.6560	−0.073%	$4.6M	$6.8M	75x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6590	−0.033%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6471	−0.189%	$582K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6500	−0.151%	$27K	$683K	50x	as long as short
SunX ZEN-USDTshort	+0.0100%	8h	7.6430	−0.242%	$1K	$1.4M	20x
Hyperliquid ZEN	+0.0287%	1h	7.6779	+0.213%	$2.4M	$1.9M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.1898%	1h	7.6739	+0.161%	$494K	$1.1M	25x	as long as short