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

ZEN

all ZEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.3007%/8h= +329.3% APRpaid last 24h +0.509%
Price spread now: Kraken Futures against Variational Omni+0.566%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$90 a day on $10k at the current rate, and Kraken Futures is 0.566% dearer against Variational Omni than usual: you sell high and buy low: +$57 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZEN7.59030.0100pay 0.0100% / 8h2h 28m$54K$89K
ShortKraken Futures PF_ZENUSD7.63330.3107get 0.0388% / 1h28m 02s$488K$1.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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
$631.48
Price spread: +0.566% → 0.000%
$56.63
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$678.11
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Kraken Futures: live order book, just now. 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 Variational Omni no order-book sample
Sell Kraken Futures live order book, just now43.82 bp57.7 bp −$58142.8 bp −$1,428doesn't fitdoesn't fit
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h7.6224+0.422%$9K5xas long as short
OKX ZEN-USDT-SWAP+0.0060%4h7.6180+0.365%$2.2M$5.2M50xas long as short
KuCoin ZENUSDTM+0.0063%8h7.6260+0.470%$4.0M$4.1M50xas long as short
Hyperliquid ZEN+0.0100%1h7.6413+0.672%$2.4M$1.3M5xas long as short
Aster ZENUSDT+0.0100%8h7.6247+0.453%$43K$388K10xas long as short
Binance ZENUSDT+0.0100%8h7.6211+0.406%$10.9M$29.8M75xas long as short
Bybit ZENUSDT+0.0100%8h7.6200+0.391%$4.5M$5.7M75xas long as short
MEXC ZEN_USDT+0.0100%8h7.6210+0.404%$11.5M$4.9M200xas long as short
Bitget ZENUSDT+0.0100%8h7.6190+0.378%$2.8M$3.1M50xas long as short
BingX ZEN-USDT+0.0100%8h7.6260+0.470%$3.1Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ZENlong+0.0100%8h7.5903long leg$54K$89K
GRVT ZEN_USDT_Perp+0.0100%8h7.6025+0.160%$568K$2.4M10xas long as short
ApeX Omni ZENUSDT+0.0100%1h7.5890−0.017%$26K$679K50xas long as short
SunX ZEN-USDT+0.0100%8h7.6170+0.351%$2K$1.3M20xas long as short
Extended ZEN-USD+0.0104%1h7.6225+0.424%$22K$134K5xas long as short
BloFin ZEN-USDT+0.0220%8h7.6320+0.549%$828K$1.5M75xas long as short
Kraken Futures PF_ZENUSDshort+0.3107%1h7.6333+0.566%$488K$1.0M25x