ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0069%/8h= +7.6% APRnext payment +$0.69 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against Binance−0.021%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1061.063% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.035%−$3 · spread now −0.021%, 7d avg −0.071%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.050% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZENUSDT	7.6706	0.0031	pay 0.0031% / 8h	2h 14m	$11.0M	$32.3M	75x
Short	Bybit ZENUSDT	7.6690	0.0100	get 0.0100% / 8h	2h 14m	$4.6M	$6.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.021%Rate

Funding earned: $14.59
Price spread: −0.021% → −0.071%: $5.01
Slippage, 4 orders: −$85.28
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$86.68
Costs to cover: 1.063%
Break-even: 48.6 days

Slippage from Binance: live order book, 12 min ago; Bybit: 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, 12 min ago	0.65 bp	14.2 bp −$14	36.3 bp −$363	401.5 bp −$40.1K	doesn't fit
Sell Bybit live order book, 3 min ago	3.26 bp	38.8 bp −$39	169.6 bp −$1,696	doesn't fit	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	−0.0079%	8h	7.6852	+0.190%	$51K	$151K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0039%	4h	7.6660	−0.060%	$2.3M	$5.9M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6862	+0.204%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0030%	8h	7.6710	+0.005%	$12.2M	$6.1M	200x	as long as short
Binance ZENUSDTlong	+0.0031%	8h	7.6706	long leg	$11.0M	$32.3M	75x
Extended ZEN-USD	+0.0032%	1h	7.6698	−0.010%	$25K	$110K	5x	as long as short
KuCoin ZENUSDTM	+0.0039%	8h	7.6750	+0.057%	$4.3M	$5.2M	50x	as long as short
Bitget ZENUSDT	+0.0047%	8h	7.6720	+0.018%	$2.8M	$3.5M	50x	as long as short
Aster ZENUSDT	+0.0082%	8h	7.6715	+0.012%	$54K	$381K	10x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6907	+0.262%	$2.4M	$1.9M	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZENUSDTshort	+0.0100%	8h	7.6690	−0.021%	$4.6M	$6.9M	75x
BingX ZEN-USDT	+0.0100%	8h	7.6740	+0.044%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6842	+0.178%	$585K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6690	−0.021%	$27K	$681K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6660	−0.060%	$2K	$1.4M	20x	as long as short
BloFin ZEN-USDT	+0.0122%	8h	7.6710	+0.005%	$833K	$1.9M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.1130%	1h	7.6972	+0.347%	$495K	$1.1M	25x	as long as short