Funding arb · Price arb /

ZEN

all ZEN markets

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 −0.009%

Price spread now: Aster against SunX+0.065%46s7-day average +0.019% · you sell dearer than you buy

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

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.032%−$3 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.065%, 7d avg +0.019%

Together, before fees−0.009%+ Points / potential airdropAster: Stage 5 · farm board−$1 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: Aster is 0.047% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEN-USDT	7.7930	0.0100	pay 0.0100% / 8h	6h 25m	$2K	$1.4M	20x
Short	Aster ZENUSDT	7.7981	0.0100	get 0.0100% / 8h	6h 25m	$56K	$383K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.019%: $4.68
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$11.32
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Aster: live order book, 42 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 SunX live order book, 9 min ago	500.26 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 42 min ago	10.24 bp	190.1 bp −$190	doesn't fit	doesn't fit	doesn't fit

ZEN on 16 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	7.7987	+0.073%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0074%	8h	7.7907	−0.029%	$52K	$85K	—	as long as short
Aster ZENUSDTshort	+0.0100%	8h	7.7981	+0.065%	$56K	$383K	10x
Binance ZENUSDT	+0.0100%	8h	7.8177	+0.317%	$11.3M	$30.8M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.8070	+0.180%	$4.6M	$6.0M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.8160	+0.295%	$2.4M	$5.6M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.8180	+0.321%	$12.2M	$5.3M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.8040	+0.141%	$4.4M	$4.7M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.8190	+0.334%	$2.9M	$3.4M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.8010	+0.103%	—	$3.3M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7798	−0.169%	$580K	$1.8M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7400	−0.680%	$26K	$682K	50x	as long as short
SunX ZEN-USDTlong	+0.0100%	8h	7.7930	long leg	$2K	$1.4M	20x
Extended ZEN-USD	+0.0104%	1h	7.7972	+0.053%	$28K	$120K	5x	as long as short
Hyperliquid ZEN	+0.0384%	1h	7.8378	+0.575%	$2.5M	$1.6M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3171%	1h	7.8268	+0.433%	$512K	$1.0M	25x	as long as short