ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.48 per $10,000 · paid last 24h +0.012%

Price spread now: BloFin against BingX−0.116%111s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.524% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 3 days (all we have)+0.132%+$13 · spread now −0.116%, 7d avg −0.001%

Together, before fees+0.292%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.115% cheaper against BingX than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.001%). If the spread goes back, that is −$12 on $10k: about 8.0 days of funding at the current rate (+$1 a day). The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.7420	0.0074	pay 0.0074% / 8h	57m 27s	—	$3.4M	—
Short	BloFin ZEN-USDT	7.7330	0.0122	get 0.0122% / 8h	57m 27s	$836K	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now −0.116%Rate

Funding earned: $10.1
Price spread: −0.116% → −0.001%: −$11.52
Slippage, 4 orders: −$30.44
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$53.86
Costs to cover: 0.524%
Break-even: 44.3 days

Slippage from BingX: live order book, 2 min ago; BloFin: 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 BingX live order book, 2 min ago	3.88 bp	14.7 bp −$15	34.4 bp −$344	300.2 bp −$30.0K	460.9 bp −$230.5K
Sell BloFin live order book, 5 min ago	1.94 bp	8.6 bp −$9	23.2 bp −$232	102.7 bp −$10.3K	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	−0.0046%	8h	7.7125	−0.382%	$51K	$85K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0041%	4h	7.7430	+0.013%	$2.3M	$5.8M	50x	as long as short
KuCoin ZENUSDTM	−0.0012%	8h	7.7400	−0.026%	$4.3M	$5.0M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7418	−0.002%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0030%	8h	7.7430	+0.013%	$12.3M	$5.4M	200x	as long as short
Extended ZEN-USD	+0.0032%	1h	7.7393	−0.034%	$25K	$117K	5x	as long as short
Binance ZENUSDT	+0.0033%	8h	7.7430	+0.013%	$11.2M	$31.5M	75x	as long as short
BingX ZEN-USDTlong	+0.0074%	8h	7.7420	long leg	—	$3.4M	—
Bitget ZENUSDT	+0.0076%	8h	7.7390	−0.039%	$2.9M	$3.5M	50x	as long as short
Bybit ZENUSDT	+0.0080%	8h	7.7390	−0.039%	$4.7M	$6.3M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZENUSDT	+0.0100%	8h	7.7418	−0.003%	$53K	$380K	10x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7303	−0.151%	$576K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7370	−0.065%	$27K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7500	+0.103%	$2K	$1.4M	20x	as long as short
BloFin ZEN-USDTshort	+0.0122%	8h	7.7330	−0.116%	$836K	$1.8M	75x
Hyperliquid ZEN	+0.0461%	1h	7.7648	+0.294%	$2.4M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2654%	1h	7.7678	+0.333%	$508K	$1.1M	25x	as long as short