Funding arb · Price arb /

ZEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.052%

Price spread now: Variational Omni against Extended+0.293%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.293% dearer against Extended than usual: you sell high and buy low, +$29 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ZEN-USD	7.6358	0.0104	pay 0.0013% / 1h	50m 22s	$25K	$147K	5x
Short	Variational Omni ZEN	7.6582	0.0100	get 0.0100% / 8h	3h 50m	$55K	$89K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.293%Rate

Funding earned: −$0.84
Price spread: +0.293% → 0.000%: $29.3
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $23.46
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 65 min ago; Variational Omni: no order-book sample. 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, 65 min ago	2.30 bp	19.1 bp −$19	195.4 bp −$1,954	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	7.6681	+0.423%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0061%	8h	7.6460	+0.134%	$4.1M	$4.3M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0071%	4h	7.6350	−0.010%	$2.2M	$5.3M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6455	+0.128%	$48K	$380K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6380	+0.029%	$10.9M	$30.3M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6380	+0.029%	$4.5M	$5.9M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6340	−0.023%	$11.6M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6440	+0.108%	$2.8M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6450	+0.121%	—	$3.1M	—	as long as short
Variational Omni ZENshort	+0.0100%	8h	7.6582	+0.293%	$55K	$89K	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6733	+0.491%	$577K	$2.1M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6690	+0.435%	$27K	$681K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6420	+0.081%	$1K	$1.3M	20x	as long as short
Extended ZEN-USDlong	+0.0104%	1h	7.6358	long leg	$25K	$147K	5x
BloFin ZEN-USDT	+0.0220%	8h	7.6580	+0.291%	$829K	$1.5M	75x	as long as short
Hyperliquid ZEN	+0.0306%	1h	7.6563	+0.269%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2343%	1h	7.6572	+0.280%	$494K	$1.0M	25x	as long as short