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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.035%
Price spread now: KuCoin against OKX+0.065%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1271.265% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.031%−$3 on $10k
Price spread, last 7 days+0.091%+$9 · spread now +0.065%, 7d avg +0.076%
Together, before fees+0.060%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ZEN-USDT-SWAP7.7020−0.0098get 0.0049% / 4h1h 24m$2.3M$5.8M50x
ShortKuCoin ZENUSDTM7.7070−0.0042pay 0.0042% / 8h1h 24m$4.3M$5.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$11.76
Price spread: +0.065% → +0.076%
−$1.15
Slippage, 4 orders
−$104.54
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$115.93
Costs to cover
1.265%
Break-even
76.0 days
Slippage from OKX: live order book, 4 min ago; KuCoin: 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 OKX live order book, 4 min ago1.96 bp22.9 bp −$23144.9 bp −$1,449doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago3.26 bp48.5 bp −$4882.6 bp −$826doesn'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
OKX ZEN-USDT-SWAPlong−0.0098%4h7.7020long leg$2.3M$5.8M50x
Variational Omni ZEN−0.0050%8h7.6785−0.305%$51K$150Kas long as short
KuCoin ZENUSDTMshort−0.0042%8h7.7070+0.065%$4.3M$5.0M50x
MEXC ZEN_USDT−0.0002%8h7.7060+0.052%$12.2M$5.6M200xas long as short
Binance ZENUSDT−0.0001%8h7.7050+0.039%$11.1M$31.8M75xas long as short
dYdX ZEN-USD0.0000%1h7.7005−0.020%$9K5xas long as short
Extended ZEN-USD0.0000%1h7.7035+0.019%$25K$110K5xas long as short
Bitget ZENUSDT+0.0046%8h7.7070+0.065%$2.9M$3.5M50xas long as short
Aster ZENUSDT+0.0066%8h7.7055+0.045%$53K$380K10xas long as short
Hyperliquid ZEN+0.0100%1h7.7258+0.309%$2.4M$1.8M5xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ZENUSDT+0.0100%8h7.7000−0.026%$4.7M$6.6M75xas long as short
BingX ZEN-USDT+0.0100%8h7.7080+0.078%$3.4Mas long as short
GRVT ZEN_USDT_Perp+0.0100%8h7.6760−0.338%$581K$1.6M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6720−0.390%$27K$682K50xas long as short
SunX ZEN-USDT+0.0100%8h7.7030+0.013%$1K$1.4M20xas long as short
BloFin ZEN-USDT+0.0117%8h7.6990−0.039%$842K$1.9M75xas long as short
Kraken Futures PF_ZENUSD+0.1881%1h7.7428+0.529%$507K$1.1M25xas long as short