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 0.000%

Price spread now: BingX against SunX+0.052%55s7-day average −0.023% · you sell dearer than you buy

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

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.052%, 7d avg −0.023%

Together, before fees+0.048%+$5 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: BingX is 0.074% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.023%. The two prices were read 55 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	7.7470	0.0100	pay 0.0100% / 8h	2h 13m	$1K	$1.3M	20x
Short	BingX ZEN-USDT	7.7510	0.0100	get 0.0100% / 8h	2h 13m	—	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → −0.023%: $7.43
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$10.57
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; BingX: live order book, 6 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, 11 min ago	500.46 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	5.17 bp	17.0 bp −$17	44.6 bp −$446	184.5 bp −$18.5K	419.4 bp −$209.7K

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	7.7522	+0.067%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0066%	4h	7.7450	−0.026%	$2.3M	$5.4M	50x	as long as short
KuCoin ZENUSDTM	+0.0082%	8h	7.7520	+0.065%	$4.1M	$4.1M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7624	+0.199%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7512	+0.054%	$42K	$389K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7511	+0.053%	$11.2M	$30.1M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7490	+0.026%	$4.5M	$5.7M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7540	+0.090%	$11.9M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7520	+0.065%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDTshort	+0.0100%	8h	7.7510	+0.052%	—	$3.1M	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.7942	+0.609%	$56K	$88K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7571	+0.131%	$582K	$2.5M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7670	+0.258%	$27K	$676K	50x	as long as short
SunX ZEN-USDTlong	+0.0100%	8h	7.7470	long leg	$1K	$1.3M	20x
Extended ZEN-USD	+0.0104%	1h	7.7512	+0.054%	$25K	$132K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7680	+0.271%	$816K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.3050%	1h	7.7771	+0.389%	$497K	$1.0M	25x	as long as short