ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.014%

Price spread now: Binance against Bitget+0.235%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$560.557% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days−0.174%−$17 · spread now +0.235%, 7d avg +0.032%

Together, before fees−0.231%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.203% dearer against Bitget than usual: you sell high and buy low (spread +0.235% now, against its 7-day average of +0.032%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 40 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZENUSDT	7.6710	0.0047	pay 0.0047% / 8h	2h 17m	$2.8M	$3.5M	50x
Short	Binance ZENUSDT	7.6890	0.0030	get 0.0030% / 8h	2h 17m	$11.0M	$32.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.235%Rate

Funding earned: −$3.51
Price spread: +0.235% → +0.032%: $20.27
Slippage, 4 orders: −$33.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.94
Costs to cover: 0.557%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 9 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 Bitget live order book, 1 min ago	3.91 bp	14.6 bp −$15	31.8 bp −$318	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.65 bp	9.8 bp −$10	35.4 bp −$354	223.8 bp −$22.4K	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	−0.0086%	8h	7.6851	+0.184%	$51K	$154K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0022%	4h	7.6840	+0.169%	$2.3M	$5.9M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6829	+0.155%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0030%	8h	7.6730	+0.026%	$12.2M	$6.1M	200x	as long as short
Binance ZENUSDTshort	+0.0030%	8h	7.6890	+0.235%	$11.0M	$32.3M	75x
Extended ZEN-USD	+0.0032%	1h	7.6708	−0.002%	$25K	$110K	5x	as long as short
KuCoin ZENUSDTM	+0.0043%	8h	7.6770	+0.078%	$4.3M	$5.2M	50x	as long as short
Bitget ZENUSDTlong	+0.0047%	8h	7.6710	long leg	$2.8M	$3.5M	50x
Aster ZENUSDT	+0.0082%	8h	7.6722	+0.016%	$54K	$381K	10x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6943	+0.304%	$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 ZENUSDT	+0.0100%	8h	7.6810	+0.130%	$4.6M	$6.9M	75x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6740	+0.039%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6807	+0.126%	$585K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6850	+0.183%	$27K	$681K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6730	+0.026%	$2K	$1.4M	20x	as long as short
BloFin ZEN-USDT	+0.0121%	8h	7.6860	+0.196%	$833K	$1.9M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.1130%	1h	7.6991	+0.366%	$495K	$1.1M	25x	as long as short