Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.025%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.025%, 7d avg 0.000%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.025% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZENUSDT	7.7739	0.0100	pay 0.0100% / 8h	6h 27m	$11.2M	$31.2M	75x
Short	MEXC ZEN_USDT	7.7720	0.0100	get 0.0100% / 8h	6h 27m	$12.2M	$5.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → 0.000%: −$2.53
Slippage, 4 orders: −$29.09
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$45.61
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Binance: live order book, 14 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 Binance live order book, 14 min ago	1.31 bp	12.5 bp −$13	39.1 bp −$391	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.30 bp	8.5 bp −$8	36.0 bp −$360	103.1 bp −$10.3K	doesn't fit

ZEN on 16 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
dYdX ZEN-USD	0.0000%	1h	7.7368	−0.478%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0062%	8h	7.7163	−0.741%	$52K	$85K	—	as long as short
ApeX Omni ZENUSDT	+0.0098%	1h	7.7220	−0.668%	$26K	$682K	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7717	−0.029%	$56K	$383K	10x	as long as short
Binance ZENUSDTlong	+0.0100%	8h	7.7739	long leg	$11.2M	$31.2M	75x
Bybit ZENUSDT	+0.0100%	8h	7.7650	−0.115%	$4.6M	$6.0M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7700	−0.051%	$2.3M	$5.6M	50x	as long as short
MEXC ZEN_USDTshort	+0.0100%	8h	7.7720	−0.025%	$12.2M	$5.3M	200x
KuCoin ZENUSDTM	+0.0100%	8h	7.7730	−0.012%	$4.4M	$4.7M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7710	−0.038%	$2.9M	$3.4M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.7690	−0.064%	—	$3.3M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7050	−0.887%	$586K	$1.8M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7630	−0.141%	$1K	$1.4M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7697	−0.055%	$28K	$122K	5x	as long as short
Hyperliquid ZEN	+0.0379%	1h	7.7868	+0.165%	$2.5M	$1.6M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3183%	1h	7.7966	+0.291%	$510K	$1.0M	25x	as long as short