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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.023%
Price spread now: ApeX Omni against KuCoin+0.026%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1051.053% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.092%+$9 on $10k
Price spread, last 4 days (all we have)+0.655%+$66 · spread now +0.026%, 7d avg +0.027%
Together, before fees+0.747%+$75 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZENUSDTM7.62800.0100pay 0.0100% / 8h5h 03m$4.1M$4.5M50x
ShortApeX Omni ZENUSDT7.63000.0100get 0.0013% / 1h3m 23s$26K$685K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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
Price spread: +0.026% → +0.027%
−$0.03
Slippage, 4 orders
−$83.33
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$105.36
Costs to cover
1.053%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; ApeX Omni: live order book, 60 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 KuCoin live order book, 4 min ago3.92 bp35.1 bp −$3593.8 bp −$938doesn't fitdoesn't fit
Sell ApeX Omni live order book, 60 min ago8.37 bp16.5 bp −$17110.1 bp −$1,101doesn'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%1h7.6300+0.026%$9K5xas long as short
Aster ZENUSDT+0.0100%8h7.6290+0.014%$53K$375K10xas long as short
Binance ZENUSDT+0.0100%8h7.6350+0.092%$11.1M$29.9M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6310+0.039%$4.5M$5.8M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.6340+0.079%$2.3M$5.4M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.6290+0.013%$11.9M$5.0M200xas long as short
KuCoin ZENUSDTMlong+0.0100%8h7.6280long leg$4.1M$4.5M50x
Bitget ZENUSDT+0.0100%8h7.6200−0.105%$2.8M$3.2M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6390+0.144%$3.2Mas long as short
Variational Omni ZEN+0.0100%8h7.6275−0.006%$51K$83Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6383+0.135%$572K$1.9M10xas long as short
ApeX Omni ZENUSDTshort+0.0100%1h7.6300+0.026%$26K$685K50x
SunX ZEN-USDT+0.0100%8h7.6400+0.157%$2K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.6217−0.083%$25K$121K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.6360+0.105%$843K$1.6M75xas long as short
Hyperliquid ZEN+0.0358%1h7.6462+0.239%$2.5M$1.3M5xas long as short
Kraken Futures PF_ZENUSD+0.3202%1h7.6732+0.593%$502K$1.0M25xas long as short