ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.68 per $10,000 · paid last 24h −0.033%

Price spread now: Bybit against Bitget−0.052%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1131.134% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.052%, 7d avg −0.039%

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

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZENUSDT	7.6750	0.0032	pay 0.0032% / 8h	1h 56m	$2.8M	$3.5M	50x
Short	Bybit ZENUSDT	7.6710	0.0100	get 0.0100% / 8h	1h 56m	$4.6M	$6.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.052%Rate

Funding earned: $14.28
Price spread: −0.052% → −0.039%: −$1.3
Slippage, 4 orders: −$90.36
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$100.39
Costs to cover: 1.134%
Break-even: 56.2 days

Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 1 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	3.27 bp	19.6 bp −$20	32.6 bp −$326	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.61 bp	39.6 bp −$40	168.6 bp −$1,686	doesn't fit	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
OKX ZEN-USDT-SWAP	−0.0093%	4h	7.6710	−0.052%	$2.3M	$5.9M	50x	as long as short
Variational Omni ZEN	−0.0072%	8h	7.6417	−0.433%	$51K	$151K	—	as long as short
KuCoin ZENUSDTM	−0.0016%	8h	7.6740	−0.013%	$4.3M	$5.1M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6762	+0.015%	$9K	—	5x	as long as short
Extended ZEN-USD	+0.0008%	1h	7.6758	+0.010%	$25K	$110K	5x	as long as short
MEXC ZEN_USDT	+0.0011%	8h	7.6790	+0.052%	$12.2M	$5.5M	200x	as long as short
Binance ZENUSDT	+0.0012%	8h	7.6764	+0.019%	$11.0M	$32.2M	75x	as long as short
Bitget ZENUSDTlong	+0.0032%	8h	7.6750	long leg	$2.8M	$3.5M	50x
BloFin ZEN-USDT	+0.0047%	8h	7.6570	−0.235%	$840K	$1.9M	75x	as long as short
Aster ZENUSDT	+0.0071%	8h	7.6737	−0.017%	$53K	$381K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZENUSDTshort	+0.0100%	8h	7.6710	−0.052%	$4.6M	$6.8M	75x
BingX ZEN-USDT	+0.0100%	8h	7.6740	−0.013%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6471	−0.364%	$582K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6500	−0.326%	$27K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6480	−0.352%	$2K	$1.4M	20x	as long as short
Hyperliquid ZEN	+0.0183%	1h	7.6947	+0.257%	$2.4M	$1.9M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.1898%	1h	7.6742	−0.010%	$494K	$1.1M	25x	as long as short