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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.46 per $10,000 · paid last 24h +0.036%
Price spread now: Bitget against KuCoin−0.065%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$900.895% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.158%+$16 on $10k
Price spread, last 7 days−0.140%−$14 · spread now −0.065%, 7d avg −0.069%
Together, before fees+0.019%+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZENUSDTM7.66000.0054pay 0.0054% / 8h3h 23m$4.1M$4.2M50x
ShortBitget ZENUSDT7.65500.0100get 0.0100% / 8h3h 23m$2.8M$3.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$9.66
Price spread: −0.065% → −0.069%
$0.33
Slippage, 4 orders
−$65.54
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$79.55
Costs to cover
0.895%
Break-even
64.6 days
Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, 4 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 ago2.61 bp18.2 bp −$1877.0 bp −$770doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.26 bp18.8 bp −$1936.9 bp −$369doesn'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%1h7.6633+0.043%$9K5xas long as short
KuCoin ZENUSDTMlong+0.0054%8h7.6600long leg$4.1M$4.2M50x
OKX ZEN-USDT-SWAP+0.0072%4h7.6560−0.052%$2.2M$5.2M50xas long as short
Aster ZENUSDT+0.0100%8h7.6552−0.063%$44K$385K10xas long as short
Binance ZENUSDT+0.0100%8h7.6550−0.065%$11.0M$29.8M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6510−0.117%$4.5M$5.7M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.6560−0.052%$11.7M$5.0M200xas long as short
Bitget ZENUSDTshort+0.0100%8h7.6550−0.065%$2.8M$3.0M50x
BingX ZEN-USDT+0.0100%8h7.6550−0.065%$3.1Mas long as short
Variational Omni ZEN+0.0100%8h7.6546−0.071%$55K$89Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6587−0.017%$576K$2.3M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6690+0.117%$27K$683K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6610+0.013%$1K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.6528−0.094%$25K$142K5xas long as short
Hyperliquid ZEN+0.0191%1h7.6739+0.181%$2.5M$1.3M5xas long as short
BloFin ZEN-USDT+0.0220%8h7.6580−0.026%$821K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.2336%1h7.6784+0.241%$495K$1.0M25xas long as short