Settings8H · net · $10k
Funding arb · Price arb /

ZEN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.012%
Price spread now: Extended against SunX−0.067%7-day average −0.044% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.054%−$5 on $10k
Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.067%, 7d avg −0.044%
Together, before fees+0.056%+ Points / potential airdropExtended: Active · farm board+$6 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: Extended is 0.023% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEN-USDT7.73300.0100pay 0.0100% / 8h7h 01m$1K$1.2M20x
ShortExtended ZEN-USD7.72790.0104get 0.0013% / 1h1m 49s$22K$236K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.067% → −0.044%
−$2.29
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$14.45
Costs to cover
0.130%
Break-even
127.4 days
Slippage unknown: SunX: live order book, 2 min ago; Extended: live order book, 30 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 2 min ago500.48 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 30 min ago2.54 bp18.3 bp −$18142.6 bp −$1,426doesn't fitdoesn't fit

ZEN on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ZEN-USD0.0000%1h7.7387+0.074%$9K5xas long as short
KuCoin ZENUSDTM+0.0036%8h7.73300.000%$4.1M$3.6M50xas long as short
Aster ZENUSDT+0.0100%8h7.7373+0.056%$43K$387K10xas long as short
Binance ZENUSDT+0.0100%8h7.7312−0.023%$11.1M$29.2M75xas long as short
Bybit ZENUSDT+0.0100%8h7.7270−0.078%$4.5M$5.3M75xas long as short
OKX ZEN-USDT-SWAP+0.0100%4h7.7270−0.078%$2.3M$5.2M50xas long as short
MEXC ZEN_USDT+0.0100%8h7.7320−0.013%$12.1M$5.1M200xas long as short
Bitget ZENUSDT+0.0100%8h7.7300−0.039%$2.8M$3.0M50xas long as short
BingX ZEN-USDT+0.0100%8h7.7290−0.052%$2.9Mas long as short
Variational Omni ZEN+0.0100%8h7.7547+0.281%$51K$55Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.7498+0.217%$587K$3.0M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.7450+0.155%$27K$667K50xas long as short
SunX ZEN-USDTlong+0.0100%8h7.7330long leg$1K$1.2M20x
Extended ZEN-USDshort+0.0104%1h7.7279−0.067%$22K$236K5x
Hyperliquid ZEN+0.0147%1h7.7472+0.184%$2.4M$1.2M5xas long as short
BloFin ZEN-USDT+0.0220%8h7.7490+0.207%$829K$1.6M75xas long as short
Kraken Futures PF_ZENUSD+0.1699%1h7.7410+0.104%$497K$688K25xas long as short