Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.006%
Price spread now: MEXC against Aster+0.008%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$263as in the Price arb table
costs, in and out, $10k−$2662.658% of the position
Funding, last 5 days (all we have)−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.008%, 7d avg −0.023%
=Together, before fees−0.136%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.031% dearer against Aster than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.023%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 5 days (−0.009% in total) that is about 18 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ZENUSDT | 7.7363 | 0.0100 | pay 0.0100% / 8h | 8m 12s | $52K | $377K | 10x |
| Short | MEXC ZEN_USDT | 7.7370 | 0.0072 | get 0.0072% / 8h | 8m 12s | $12.5M | $5.5M | 200x |
Aster ZENUSDT
MEXC ZEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.88
- Price spread: +0.008% → −0.023%
- $3.12
- Slippage, 4 orders
- −$253.78
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$268.54
- Costs to cover
- 2.658%
- Break-even
- never at this rate
Slippage from Aster: live order book, 4 min ago; MEXC: live order book, 5 min ago.
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 Aster live order book, 4 min ago | 7.11 bp | 18.3 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.29 bp | 3.3 bp −$3 | 15.0 bp −$150 | 89.2 bp −$8,918 | 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 | −0.0039% | 8h | 7.7304 | −0.077% | $52K | $85K | — | as long as short |
| OKX ZEN-USDT-SWAP | −0.0007% | 4h | 7.7310 | −0.069% | $2.3M | $5.8M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7438 | +0.097% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0030% | 8h | 7.7400 | +0.047% | $4.4M | $4.9M | 50x | as long as short |
| Bybit ZENUSDT | +0.0042% | 8h | 7.7340 | −0.030% | $4.6M | $6.3M | 75x | as long as short |
| Extended ZEN-USD | +0.0072% | 1h | 7.7355 | −0.012% | $25K | $118K | 5x | as long as short |
| MEXC ZEN_USDTshort | +0.0072% | 8h | 7.7370 | +0.008% | $12.5M | $5.5M | 200x | |
| Binance ZENUSDT | +0.0073% | 8h | 7.7368 | +0.005% | $11.2M | $31.6M | 75x | as long as short |
| Aster ZENUSDTlong | +0.0100% | 8h | 7.7363 | long leg | $52K | $377K | 10x | |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7440 | +0.099% | $2.9M | $3.5M | 50x | as long as short |
Variational Omni ZEN
OKX ZEN-USDT-SWAP
dYdX ZEN-USD
KuCoin ZENUSDTM
Bybit ZENUSDT
Extended ZEN-USD
Binance ZENUSDT
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEN-USDT | +0.0100% | 8h | 7.7590 | +0.293% | — | $3.3M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7430 | +0.086% | $578K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7510 | +0.189% | $26K | $685K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7320 | −0.056% | $1K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0193% | 8h | 7.7420 | +0.073% | $849K | $1.8M | 75x | as long as short |
| Hyperliquid ZEN | +0.0363% | 1h | 7.7561 | +0.255% | $2.5M | $1.8M | 5x | as long as short |
| Kraken Futures PF_ZENUSD | +0.2654% | 1h | 7.7678 | +0.406% | $508K | $1.0M | 25x | as long as short |
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Hyperliquid ZEN
Kraken Futures PF_ZENUSD