ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0110%/8h= +12.1% APRnext payment +$1.10 per $10,000 · paid last 24h +0.014%

Price spread now: BloFin against Bitget−0.116%75s7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as 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−$650.655% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 3 days (all we have)+0.128%+$13 · spread now −0.116%, 7d avg −0.006%

Together, before fees+0.299%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.110% cheaper against Bitget than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.006%). If the spread goes back, that is −$11 on $10k: about 3.3 days of funding at the current rate (+$3 a day). The two prices were read 75 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	Bitget ZENUSDT	7.7760	0.0100	pay 0.0100% / 8h	7h 42m	$2.9M	$3.4M	50x
Short	BloFin ZEN-USDT	7.7670	0.0210	get 0.0210% / 8h	7h 42m	$851K	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.116%Rate

Funding earned: $23.18
Price spread: −0.116% → −0.006%: −$10.99
Slippage, 4 orders: −$41.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$53.31
Costs to cover: 0.655%
Break-even: 23.1 days

Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 6 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	3.21 bp	19.9 bp −$20	31.8 bp −$318	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	5.16 bp	12.9 bp −$13	24.9 bp −$249	97.1 bp −$9,712	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	−0.0001%	8h	7.7538	−0.286%	$52K	$85K	—	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7798	+0.048%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0062%	4h	7.7630	−0.167%	$2.3M	$5.7M	50x	as long as short
KuCoin ZENUSDTM	+0.0075%	8h	7.7800	+0.051%	$4.4M	$4.9M	50x	as long as short
MEXC ZEN_USDT	+0.0090%	8h	7.7740	−0.026%	$12.5M	$5.3M	200x	as long as short
Binance ZENUSDT	+0.0092%	8h	7.7763	+0.004%	$11.2M	$31.4M	75x	as long as short
Extended ZEN-USD	+0.0096%	1h	7.7745	−0.019%	$24K	$119K	5x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7948	+0.242%	$2.4M	$1.8M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7775	+0.020%	$53K	$378K	10x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7720	−0.051%	$4.6M	$6.2M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZENUSDTlong	+0.0100%	8h	7.7760	long leg	$2.9M	$3.4M	50x
BingX ZEN-USDT	+0.0100%	8h	7.7790	+0.039%	—	$3.3M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7610	−0.193%	$586K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7630	−0.167%	$27K	$686K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7790	+0.039%	$1K	$1.4M	20x	as long as short
BloFin ZEN-USDTshort	+0.0210%	8h	7.7670	−0.116%	$851K	$1.8M	75x
Kraken Futures PF_ZENUSD	+0.2971%	1h	7.8089	+0.423%	$511K	$1.0M	25x	as long as short