ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0108%/8h= −11.8% APRnext payment −$1.08 per $10,000 · paid last 24h −0.026%

Price spread now: Binance against BloFin+0.413%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.223%−$22 on $10k

Price spread, last 3 days (all we have)−0.374%−$37 · spread now +0.413%, 7d avg +0.029%

Together, before fees−0.596%−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.384% dearer against BloFin than usual: you sell high and buy low (spread +0.413% now, against its 7-day average of +0.029%): +$38 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZEN-USDT	7.7400	0.0144	pay 0.0144% / 8h	55m 17s	$835K	$1.8M	75x
Short	Binance ZENUSDT	7.7720	0.0036	get 0.0036% / 8h	55m 17s	$11.2M	$31.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.413%Rate

Funding earned: −$22.67
Price spread: +0.413% → +0.029%: $38.45
Slippage, 4 orders: −$28.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.93
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Binance: 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 BloFin live order book, 3 min ago	0.65 bp	11.1 bp −$11	21.9 bp −$219	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.65 bp	10.8 bp −$11	27.9 bp −$279	235.3 bp −$23.5K	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	−0.0038%	8h	7.7410	+0.012%	$51K	$85K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0028%	4h	7.7720	+0.413%	$2.3M	$5.8M	50x	as long as short
KuCoin ZENUSDTM	−0.0009%	8h	7.7550	+0.194%	$4.3M	$5.0M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7418	+0.024%	$9K	—	5x	as long as short
Extended ZEN-USD	+0.0032%	1h	7.7727	+0.422%	$25K	$118K	5x	as long as short
MEXC ZEN_USDT	+0.0035%	8h	7.7610	+0.271%	$12.3M	$5.4M	200x	as long as short
Binance ZENUSDTshort	+0.0036%	8h	7.7720	+0.413%	$11.2M	$31.5M	75x
Bitget ZENUSDT	+0.0079%	8h	7.7730	+0.426%	$2.9M	$3.5M	50x	as long as short
BingX ZEN-USDT	+0.0079%	8h	7.7750	+0.452%	—	$3.4M	—	as long as short
Bybit ZENUSDT	+0.0084%	8h	7.7740	+0.439%	$4.7M	$6.3M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZENUSDT	+0.0100%	8h	7.7582	+0.235%	$54K	$376K	10x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7440	+0.052%	$577K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7420	+0.026%	$27K	$682K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7810	+0.530%	$1K	$1.4M	20x	as long as short
BloFin ZEN-USDTlong	+0.0144%	8h	7.7400	long leg	$835K	$1.8M	75x
Hyperliquid ZEN	+0.0414%	1h	7.7803	+0.521%	$2.4M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2646%	1h	7.7918	+0.670%	$510K	$1.1M	25x	as long as short