Funding arb · Price arb /

ZEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: SunX against MEXC−0.129%7-day average −0.010% · you buy dearer than you sell

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.129%, 7d avg −0.010%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.119% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEN_USDT	7.7380	0.0100	pay 0.0100% / 8h	2h 06m	$11.8M	$5.0M	200x
Short	SunX ZEN-USDT	7.7280	0.0100	get 0.0100% / 8h	2h 06m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now −0.129%Rate

Funding earned: $0
Price spread: −0.129% → −0.010%: −$11.9
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$23.9
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; SunX: live order book, 7 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 MEXC live order book, 2 min ago	1.94 bp	9.8 bp −$10	53.5 bp −$535	108.1 bp −$10.8K	doesn't fit
Sell SunX live order book, 7 min ago	500.03 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
dYdX ZEN-USD	0.0000%	1h	7.7351	−0.037%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0088%	4h	7.7420	+0.052%	$2.3M	$5.4M	50x	as long as short
KuCoin ZENUSDTM	+0.0093%	8h	7.7380	0.000%	$4.1M	$4.1M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7508	+0.165%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7406	+0.034%	$44K	$392K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7507	+0.164%	$11.2M	$30.2M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7400	+0.026%	$4.5M	$5.7M	75x	as long as short
MEXC ZEN_USDTlong	+0.0100%	8h	7.7380	long leg	$11.8M	$5.0M	200x
Bitget ZENUSDT	+0.0100%	8h	7.7460	+0.103%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7400	+0.026%	—	$3.1M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.7331	−0.063%	$55K	$88K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7567	+0.242%	$582K	$2.5M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7410	+0.039%	$27K	$676K	50x	as long as short
SunX ZEN-USDTshort	+0.0100%	8h	7.7280	−0.129%	$1K	$1.3M	20x
Extended ZEN-USD	+0.0104%	1h	7.7372	−0.010%	$25K	$132K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7440	+0.078%	$821K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.3053%	1h	7.7683	+0.392%	$496K	$1.0M	25x	as long as short