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 −0.012%

Price spread now: MEXC against BingX−0.013%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

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

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.013%, 7d avg +0.024%

Together, before fees−0.006%−$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 0.037% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.7390	0.0100	pay 0.0100% / 8h	6h 29m	—	$3.3M	—
Short	MEXC ZEN_USDT	7.7380	0.0100	get 0.0100% / 8h	6h 29m	$12.2M	$5.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.024%: −$3.72
Slippage, 4 orders: −$34.7
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$52.42
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; MEXC: live order book, 4 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, 11 min ago	1.96 bp	15.3 bp −$15	35.3 bp −$353	339.3 bp −$33.9K	489.4 bp −$244.7K
Sell MEXC live order book, 4 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	−0.029%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0062%	8h	7.7163	−0.293%	$52K	$85K	—	as long as short
ApeX Omni ZENUSDT	+0.0098%	1h	7.7220	−0.220%	$26K	$682K	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7397	+0.009%	$55K	$383K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7430	+0.052%	$11.2M	$31.2M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7370	−0.026%	$4.6M	$6.0M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7390	0.000%	$2.3M	$5.5M	50x	as long as short
MEXC ZEN_USDTshort	+0.0100%	8h	7.7380	−0.013%	$12.2M	$5.3M	200x
KuCoin ZENUSDTM	+0.0100%	8h	7.7420	+0.039%	$4.4M	$4.7M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7400	+0.013%	$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-USDTlong	+0.0100%	8h	7.7390	long leg	—	$3.3M	—
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7050	−0.439%	$586K	$1.8M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7340	−0.065%	$1K	$1.4M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7385	−0.006%	$28K	$122K	5x	as long as short
Hyperliquid ZEN	+0.0380%	1h	7.7584	+0.251%	$2.5M	$1.6M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3197%	1h	7.7621	+0.298%	$508K	$1.0M	25x	as long as short