Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Binance against SunX+0.039%7-day average +0.005% · you sell dearer than you buy

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)+0.395%+$40 · spread now +0.039%, 7d avg +0.005%

Together, before fees+0.340%+$34 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: Binance is 0.034% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZEN-USDT	7.7400	0.0100	pay 0.0100% / 8h	7h 48m	$2K	$1.3M	20x
Short	Binance ZENUSDT	7.7430	0.0100	get 0.0100% / 8h	7h 48m	$11.1M	$29.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.005%: $3.38
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.62
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; Binance: live order book, 8 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, 5 min ago	501.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.93 bp	13.1 bp −$13	33.8 bp −$338	171.4 bp −$17.1K	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	7.7467	+0.086%	$9K	—	5x	as long as short
ApeX Omni ZENUSDT	+0.0015%	1h	7.7320	−0.103%	$27K	$667K	50x	as long as short
KuCoin ZENUSDTM	+0.0019%	8h	7.7420	+0.026%	$4.1M	$3.8M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7396	−0.006%	$42K	$392K	10x	as long as short
Binance ZENUSDTshort	+0.0100%	8h	7.7430	+0.039%	$11.1M	$29.7M	75x
Bybit ZENUSDT	+0.0100%	8h	7.7400	0.000%	$4.5M	$5.5M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7440	+0.052%	$2.3M	$5.3M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7410	+0.013%	$12.3M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7410	+0.013%	$2.9M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7450	+0.065%	—	$2.9M	—	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	7.7362	−0.049%	$55K	$69K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7250	−0.194%	$581K	$2.8M	10x	as long as short
SunX ZEN-USDTlong	+0.0100%	8h	7.7400	long leg	$2K	$1.3M	20x
Extended ZEN-USD	+0.0104%	1h	7.7409	+0.011%	$22K	$234K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7440	+0.052%	$841K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0239%	1h	7.7604	+0.264%	$2.4M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.1697%	1h	7.7496	+0.125%	$497K	$752K	25x	as long as short