ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.036%

Price spread now: KuCoin against Bitget+0.091%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1181.184% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 7 days+0.114%+$11 · spread now +0.091%, 7d avg +0.069%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.023% dearer against Bitget than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.069%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZENUSDT	7.6550	0.0100	pay 0.0100% / 8h	3h 10m	$2.8M	$3.0M	50x
Short	KuCoin ZENUSDTM	7.6620	0.0062	get 0.0062% / 8h	3h 10m	$4.1M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$7.98
Price spread: +0.091% → +0.069%: $2.29
Slippage, 4 orders: −$94.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$124.1
Costs to cover: 1.184%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago	5.23 bp	17.7 bp −$18	41.2 bp −$412	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.62 bp	38.5 bp −$38	76.8 bp −$768	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
dYdX ZEN-USD	0.0000%	1h	7.6646	+0.126%	$9K	—	5x	as long as short
KuCoin ZENUSDTMshort	+0.0062%	8h	7.6620	+0.091%	$4.1M	$4.2M	50x
OKX ZEN-USDT-SWAP	+0.0068%	4h	7.6560	+0.013%	$2.2M	$5.2M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6578	+0.036%	$44K	$385K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6600	+0.065%	$11.0M	$29.8M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6520	−0.039%	$4.5M	$5.7M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6590	+0.052%	$11.7M	$5.0M	200x	as long as short
Bitget ZENUSDTlong	+0.0100%	8h	7.6550	long leg	$2.8M	$3.0M	50x
BingX ZEN-USDT	+0.0100%	8h	7.6570	+0.026%	—	$3.1M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.6561	+0.014%	$55K	$89K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6700	+0.196%	$576K	$2.3M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6710	+0.209%	$27K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6690	+0.183%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6588	+0.050%	$25K	$142K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6620	+0.091%	$827K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0277%	1h	7.6748	+0.259%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2335%	1h	7.6823	+0.357%	$495K	$1.0M	25x	as long as short