Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.033%

Price spread now: Bybit against SunX−0.013%46s7-day average −0.075% · you buy dearer than you sell

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)+0.163%+$16 · spread now −0.013%, 7d avg −0.075%

Together, before fees+0.086%+$9 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: Bybit is 0.062% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.075%. 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	7.6860	0.0100	pay 0.0100% / 8h	2h 21m	$2K	$1.4M	20x
Short	Bybit ZENUSDT	7.6850	0.0100	get 0.0100% / 8h	2h 21m	$4.6M	$6.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → −0.075%: $6.17
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$12.83
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Bybit: live order book, 1 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, 3 min ago	499.74 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.96 bp	46.8 bp −$47	174.6 bp −$1,746	doesn't fit	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
Variational Omni ZEN	−0.0103%	8h	7.6982	+0.159%	$51K	$154K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0041%	4h	7.6900	+0.052%	$2.3M	$5.9M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6976	+0.151%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0028%	8h	7.6910	+0.065%	$12.1M	$6.1M	200x	as long as short
Binance ZENUSDT	+0.0029%	8h	7.6886	+0.034%	$11.0M	$32.3M	75x	as long as short
Extended ZEN-USD	+0.0032%	1h	7.6900	+0.053%	$25K	$110K	5x	as long as short
KuCoin ZENUSDTM	+0.0041%	8h	7.6920	+0.078%	$4.3M	$5.2M	50x	as long as short
Bitget ZENUSDT	+0.0043%	8h	7.6810	−0.065%	$2.8M	$3.5M	50x	as long as short
Aster ZENUSDT	+0.0078%	8h	7.6872	+0.016%	$54K	$381K	10x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6963	+0.134%	$2.4M	$1.9M	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZENUSDTshort	+0.0100%	8h	7.6850	−0.013%	$4.6M	$6.9M	75x
BingX ZEN-USDT	+0.0100%	8h	7.6920	+0.078%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6735	−0.162%	$584K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6790	−0.091%	$27K	$681K	50x	as long as short
SunX ZEN-USDTlong	+0.0100%	8h	7.6860	long leg	$2K	$1.4M	20x
BloFin ZEN-USDT	+0.0126%	8h	7.6720	−0.182%	$833K	$1.9M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.1128%	1h	7.7113	+0.329%	$496K	$1.1M	25x	as long as short