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% APRpaid last 24h −0.004%

Price spread now: Variational Omni against OKX+0.399%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.399% dearer against OKX than usual: you sell high and buy low, +$40 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZEN-USDT-SWAP	7.6560	0.0100	pay 0.0050% / 4h	21m 18s	$2.3M	$5.3M	50x
Short	Variational Omni ZEN	7.6866	0.0100	get 0.0100% / 8h	21m 18s	$54K	$69K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Position, each leg$Hold fordaysFee OKXbpFee Variational OmnibpOrdersPrice spread, now +0.399%Rate

Funding earned: $0
Price spread: +0.399% → 0.000%: $39.94
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $29.94
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 1 min ago; Variational Omni: no order-book sample. 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 OKX live order book, 1 min ago	2.61 bp	18.1 bp −$18	127.1 bp −$1,271	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
KuCoin ZENUSDTM	−0.0013%	8h	7.6590	+0.039%	$4.1M	$3.9M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6517	−0.056%	$9K	—	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6590	+0.039%	$41K	$390K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6590	+0.039%	$11.0M	$29.6M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6520	−0.052%	$4.4M	$5.5M	75x	as long as short
OKX ZEN-USDT-SWAPlong	+0.0100%	4h	7.6560	long leg	$2.3M	$5.3M	50x
MEXC ZEN_USDT	+0.0100%	8h	7.6590	+0.039%	$12.1M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6570	+0.013%	$2.9M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6570	+0.013%	—	$2.9M	—	as long as short
Variational Omni ZENshort	+0.0100%	8h	7.6866	+0.399%	$54K	$69K	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6918	+0.467%	$580K	$2.8M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6610	+0.065%	$27K	$669K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6610	+0.065%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6565	+0.006%	$22K	$232K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6640	+0.104%	$834K	$1.5M	75x	as long as short
Hyperliquid ZEN	+0.0230%	1h	7.6682	+0.159%	$2.4M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2252%	1h	7.6676	+0.152%	$490K	$796K	25x	as long as short