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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRnext payment $0.54 per $10,000 · paid last 24h −0.036%
Price spread now: KuCoin against SunX−0.052%7-day average +0.012% · 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−0.164%−$16 on $10k
Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.052%, 7d avg +0.012%
Together, before fees+0.053%+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.065% cheaper against SunX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZEN-USDT7.64000.0100pay 0.0100% / 8h3h 46m$1K$1.3M20x
ShortKuCoin ZENUSDTM7.63600.0046get 0.0046% / 8h3h 46m$4.1M$4.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$11.34
Price spread: −0.052% → +0.012%
−$6.48
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$37.82
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 8 min ago; KuCoin: live order book, 2 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, 8 min ago500.88 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago1.31 bp41.0 bp −$4176.0 bp −$760doesn'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%1h7.6337−0.082%$9K5xas long as short
OKX ZEN-USDT-SWAP+0.0043%4h7.6300−0.131%$2.2M$5.3M50xas long as short
KuCoin ZENUSDTMshort+0.0046%8h7.6360−0.052%$4.1M$4.3M50x
Aster ZENUSDT+0.0100%8h7.6311−0.116%$48K$381K10xas long as short
Binance ZENUSDT+0.0100%8h7.6320−0.105%$10.9M$30.3M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6320−0.105%$4.5M$5.8M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.6360−0.052%$11.6M$5.0M200xas long as short
Bitget ZENUSDT+0.0100%8h7.6360−0.052%$2.8M$3.1M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6300−0.131%$3.1Mas long as short
Variational Omni ZEN+0.0100%8h7.6332−0.089%$54K$89Kas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT ZEN_USDT_Perp+0.0100%8h7.6390−0.013%$574K$2.2M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.6350−0.065%$26K$681K50xas long as short
SunX ZEN-USDTlong+0.0100%8h7.6400long leg$1K$1.3M20x
Extended ZEN-USD+0.0104%1h7.6338−0.081%$25K$147K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.6360−0.052%$827K$1.5M75xas long as short
Hyperliquid ZEN+0.0237%1h7.6447+0.062%$2.5M$1.3M5xas long as short
Kraken Futures PF_ZENUSD+0.2343%1h7.6548+0.194%$494K$1.0M25xas long as short