ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.026%

Price spread now: BloFin against Binance−0.333%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 3 days (all we have)+0.303%+$30 · spread now −0.333%, 7d avg −0.028%

Together, before fees+0.526%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.305% cheaper against Binance than usual: you would sell low and buy high (spread −0.333% now, against its 7-day average of −0.028%). If the spread goes back, that is −$31 on $10k: about 8.5 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZENUSDT	7.7779	0.0075	pay 0.0075% / 8h	4m 51s	$11.2M	$31.6M	75x
Short	BloFin ZEN-USDT	7.7520	0.0195	get 0.0195% / 8h	4m 51s	$847K	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.333%Rate

Funding earned: $25.2
Price spread: −0.333% → −0.028%: −$30.52
Slippage, 4 orders: −$26.69
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$54.01
Costs to cover: 0.487%
Break-even: 22.0 days

Slippage from Binance: live order book, 7 min ago; BloFin: live order book, 3 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 Binance live order book, 7 min ago	0.65 bp	11.2 bp −$11	33.4 bp −$334	407.2 bp −$40.7K	doesn't fit
Sell BloFin live order book, 3 min ago	1.94 bp	9.3 bp −$9	18.0 bp −$180	77.1 bp −$7,705	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	−0.0029%	8h	7.7390	−0.501%	$52K	$85K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0004%	4h	7.7650	−0.166%	$2.3M	$5.8M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7438	−0.438%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0036%	8h	7.7650	−0.166%	$4.4M	$4.9M	50x	as long as short
Bybit ZENUSDT	+0.0045%	8h	7.7700	−0.102%	$4.6M	$6.3M	75x	as long as short
Extended ZEN-USD	+0.0072%	1h	7.7645	−0.173%	$25K	$118K	5x	as long as short
MEXC ZEN_USDT	+0.0073%	8h	7.7730	−0.063%	$12.5M	$5.5M	200x	as long as short
Binance ZENUSDTlong	+0.0075%	8h	7.7779	long leg	$11.2M	$31.6M	75x
Aster ZENUSDT	+0.0100%	8h	7.7615	−0.211%	$53K	$378K	10x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7720	−0.076%	$2.9M	$3.5M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.7730	−0.063%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7371	−0.525%	$577K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7410	−0.475%	$26K	$685K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7470	−0.397%	$1K	$1.4M	20x	as long as short
BloFin ZEN-USDTshort	+0.0195%	8h	7.7520	−0.333%	$847K	$1.8M	75x
Hyperliquid ZEN	+0.0348%	1h	7.7689	−0.116%	$2.4M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2649%	1h	7.7824	+0.058%	$509K	$1.0M	25x	as long as short