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

ZEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.3176%/8h= −347.7% APRpaid last 24h −0.409%
Price spread now: Variational Omni against Kraken Futures−0.439%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$95 a day on $10k at the current rate, and Variational Omni is 0.439% cheaper against Kraken Futures than usual: you would sell low and buy high (−$44 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ZENUSD7.68050.3231pay 0.0404% / 1h40m 51s$502K$1.0M25x
ShortVariational Omni ZEN7.64680.0055get 0.0055% / 8h6h 40m$51K$85K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. 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
−$666.89
Price spread: −0.439% → 0.000%
−$43.91
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$720.8
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago36.27 bp53.3 bp −$53doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ZENUSDT−0.0012%1h7.7080+0.358%$26K$688K50xas long as short
dYdX ZEN-USD0.0000%1h7.6740−0.086%$9K5xas long as short
Variational Omni ZENshort+0.0055%8h7.6468−0.439%$51K$85K
Aster ZENUSDT+0.0100%8h7.6635−0.222%$55K$383K10xas long as short
Binance ZENUSDT+0.0100%8h7.6550−0.333%$11.1M$31.5M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6510−0.385%$4.6M$6.1M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.6520−0.372%$2.3M$5.6M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.6570−0.306%$12.1M$5.3M200xas long as short
KuCoin ZENUSDTM+0.0100%8h7.6600−0.267%$4.4M$4.7M50xas long as short
Bitget ZENUSDT+0.0100%8h7.6570−0.306%$2.9M$3.5M50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ZEN-USDT+0.0100%8h7.6610−0.254%$3.3Mas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.6920+0.149%$573K$1.8M10xas long as short
SunX ZEN-USDT+0.0100%8h7.6470−0.437%$1K$1.4M20xas long as short
Extended ZEN-USD+0.0104%1h7.6527−0.363%$27K$122K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7330+0.683%$864K$1.7M75xas long as short
Hyperliquid ZEN+0.0455%1h7.6743−0.081%$2.4M$1.7M5xas long as short
Kraken Futures PF_ZENUSDlong+0.3231%1h7.6805long leg$502K$1.0M25x