ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0148%/8h= −16.2% APRnext payment −$1.48 per $10,000 · paid last 24h −0.045%

Price spread now: Bybit against BloFin0.000%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1061.056% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now 0.000%, 7d avg −0.048%

Together, before fees−0.236%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.048% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.048%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZEN-USDT	7.7410	0.0193	pay 0.0193% / 8h	6m 29s	$849K	$1.8M	75x
Short	Bybit ZENUSDT	7.7410	0.0045	get 0.0045% / 8h	6m 29s	$4.6M	$6.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$31.14
Price spread: 0.000% → −0.048%: $4.82
Slippage, 4 orders: −$82.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$131.91
Costs to cover: 1.056%
Break-even: never at this rate

Slippage from BloFin: 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 BloFin live order book, 1 min ago	1.94 bp	15.4 bp −$15	29.0 bp −$290	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.59 bp	41.0 bp −$41	230.1 bp −$2,301	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
Variational Omni ZEN	−0.0039%	8h	7.7304	−0.137%	$52K	$85K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0009%	4h	7.7390	−0.026%	$2.3M	$5.8M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7438	+0.037%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0034%	8h	7.7470	+0.078%	$4.4M	$4.9M	50x	as long as short
Bybit ZENUSDTshort	+0.0045%	8h	7.7410	0.000%	$4.6M	$6.3M	75x
Extended ZEN-USD	+0.0072%	1h	7.7456	+0.059%	$25K	$118K	5x	as long as short
MEXC ZEN_USDT	+0.0072%	8h	7.7470	+0.078%	$12.5M	$5.5M	200x	as long as short
Binance ZENUSDT	+0.0074%	8h	7.7460	+0.065%	$11.2M	$31.6M	75x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7430	+0.026%	$52K	$377K	10x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7440	+0.039%	$2.9M	$3.5M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.7610	+0.258%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7371	−0.051%	$577K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7380	−0.039%	$26K	$685K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7310	−0.129%	$2K	$1.4M	20x	as long as short
BloFin ZEN-USDTlong	+0.0193%	8h	7.7410	long leg	$849K	$1.8M	75x
Hyperliquid ZEN	+0.0357%	1h	7.7601	+0.247%	$2.5M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2651%	1h	7.7768	+0.463%	$509K	$1.0M	25x	as long as short