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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.048%
Price spread now: Extended against OKX−0.172%7-day average +0.030% · 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−$102as in the Price arb table
costs, in and out, $10k−$820.819% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 4 days (all we have)+0.135%+$14 · spread now −0.172%, 7d avg +0.030%
Together, before fees+0.214%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.201% cheaper against OKX than usual: you would sell low and buy high (spread −0.172% now, against its 7-day average of +0.030%). If the spread goes back, that is −$20 on $10k: about 19 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZEN-USDT-SWAP7.63300.0068pay 0.0034% / 4h2h 29m$2.2M$5.2M50x
ShortExtended ZEN-USD7.61990.0104get 0.0013% / 1h29m 19s$22K$134K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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
$7.55
Price spread: −0.172% → +0.030%
−$20.12
Slippage, 4 orders
−$66.92
Fee OKX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$94.5
Costs to cover
0.819%
Break-even
94.6 days
Slippage from OKX: live order book, 3 min ago; Extended: live order book, 16 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 OKX live order book, 3 min ago2.63 bp22.3 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 16 min ago3.22 bp19.4 bp −$19147.5 bp −$1,475doesn'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%1h7.6224−0.139%$9K5xas long as short
KuCoin ZENUSDTM+0.0064%8h7.6320−0.013%$4.0M$4.2M50xas long as short
OKX ZEN-USDT-SWAPlong+0.0068%4h7.6330long leg$2.2M$5.2M50x
Hyperliquid ZEN+0.0100%1h7.6495+0.216%$2.4M$1.3M5xas long as short
Aster ZENUSDT+0.0100%8h7.6323−0.009%$43K$388K10xas long as short
Binance ZENUSDT+0.0100%8h7.6322−0.010%$10.9M$29.8M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6270−0.079%$4.5M$5.7M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.6360+0.039%$11.5M$4.9M200xas long as short
Bitget ZENUSDT+0.0100%8h7.6290−0.052%$2.8M$3.1M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6290−0.052%$3.1Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZEN+0.0100%8h7.5903−0.559%$54K$89Kas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.6025−0.400%$568K$2.4M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.5890−0.576%$26K$679K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6140−0.249%$2K$1.3M20xas long as short
Extended ZEN-USDshort+0.0104%1h7.6199−0.172%$22K$134K5x
BloFin ZEN-USDT+0.0220%8h7.6000−0.432%$824K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.3103%1h7.6434+0.137%$488K$1.0M25xas long as short