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 Bitget+0.116%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.118%−$12 · spread now +0.116%, 7d avg +0.031%

Together, before fees−0.172%−$17 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 0.085% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZENUSDT	7.7830	0.0100	pay 0.0100% / 8h	7h 18m	$2.9M	$3.4M	50x
Short	MEXC ZEN_USDT	7.7920	0.0100	get 0.0100% / 8h	7h 18m	$12.5M	$5.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → +0.031%: $8.48
Slippage, 4 orders: −$22.13
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$29.65
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	3.85 bp	16.7 bp −$17	34.2 bp −$342	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.64 bp	3.7 bp −$4	17.9 bp −$179	85.2 bp −$8,521	154.6 bp −$77.3K

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	7.7838	+0.010%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0011%	8h	7.8012	+0.234%	$52K	$85K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7814	−0.020%	$53K	$379K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7910	+0.103%	$11.4M	$31.3M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7850	+0.026%	$4.7M	$6.1M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7870	+0.051%	$2.3M	$5.7M	50x	as long as short
MEXC ZEN_USDTshort	+0.0100%	8h	7.7920	+0.116%	$12.5M	$5.3M	200x
KuCoin ZENUSDTM	+0.0100%	8h	7.7860	+0.039%	$4.5M	$4.8M	50x	as long as short
Bitget ZENUSDTlong	+0.0100%	8h	7.7830	long leg	$2.9M	$3.4M	50x
BingX ZEN-USDT	+0.0100%	8h	7.7850	+0.026%	—	$3.3M	—	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	7.8070	+0.308%	$584K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.8110	+0.360%	$27K	$689K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7670	−0.206%	$2K	$1.4M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7830	0.000%	$22K	$121K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.8030	+0.257%	$846K	$1.8M	75x	as long as short
Hyperliquid ZEN	+0.0263%	1h	7.8115	+0.366%	$2.5M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2970%	1h	7.8123	+0.376%	$511K	$1.0M	25x	as long as short