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 −0.032%

Price spread now: GRVT against BloFin−0.166%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$900.901% of the position

Long on BloFin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.166%, 7d avg −0.041%

Together, before fees+0.029%+ Points / potential airdropGRVT: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.125% cheaper against BloFin than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of −0.041%). If the spread goes back, that is −$12 on $10k: about 6.1 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.180%, 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	BloFin ZEN-USDT	7.7090	0.0032	pay 0.0032% / 8h	1h 37m	$835K	$1.9M	75x
Short	GRVT ZEN_USDT_Perp	7.6962	0.0100	get 0.0100% / 8h	1h 37m	$574K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.166%Rate

Funding earned: $14.2
Price spread: −0.166% → −0.041%: −$12.45
Slippage, 4 orders: −$69.12
Fee BloFin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$88.37
Costs to cover: 0.901%
Break-even: 50.6 days

Slippage from BloFin: live order book, 5 min ago; GRVT: 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, 5 min ago	1.95 bp	14.2 bp −$14	29.6 bp −$296	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	1.95 bp	33.9 bp −$34	71.6 bp −$716	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	−0.0077%	4h	7.6780	−0.402%	$2.3M	$5.8M	50x	as long as short
Variational Omni ZEN	−0.0056%	8h	7.6901	−0.245%	$51K	$150K	—	as long as short
KuCoin ZENUSDTM	−0.0033%	8h	7.6990	−0.130%	$4.3M	$5.1M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7129	+0.051%	$9K	—	5x	as long as short
Extended ZEN-USD	+0.0008%	1h	7.6925	−0.214%	$25K	$110K	5x	as long as short
MEXC ZEN_USDT	+0.0008%	8h	7.6870	−0.285%	$12.2M	$5.6M	200x	as long as short
Binance ZENUSDT	+0.0008%	8h	7.6845	−0.318%	$11.1M	$32.0M	75x	as long as short
BloFin ZEN-USDTlong	+0.0032%	8h	7.7090	long leg	$835K	$1.9M	75x
Bitget ZENUSDT	+0.0047%	8h	7.6790	−0.389%	$2.8M	$3.5M	50x	as long as short
Aster ZENUSDT	+0.0070%	8h	7.6903	−0.243%	$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
Hyperliquid ZEN	+0.0100%	1h	7.7021	−0.090%	$2.4M	$1.8M	5x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6850	−0.311%	$4.7M	$6.7M	75x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6890	−0.259%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perpshort	+0.0100%	8h	7.6962	−0.166%	$574K	$1.6M	10x
ApeX Omni ZENUSDT	+0.0100%	1h	7.6970	−0.156%	$27K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6860	−0.298%	$2K	$1.4M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1889%	1h	7.7115	+0.032%	$505K	$1.1M	25x	as long as short