ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.026%

Price spread now: MEXC against BloFin+0.090%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.090%, 7d avg +0.029%

Together, before fees−0.287%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.061% dearer against BloFin than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.029%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZEN-USDT	7.8100	0.0220	pay 0.0220% / 8h	7h 08m	$858K	$1.8M	75x
Short	MEXC ZEN_USDT	7.8170	0.0100	get 0.0100% / 8h	7h 08m	$12.5M	$5.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$25.2
Price spread: +0.090% → +0.029%: $6.08
Slippage, 4 orders: −$32.16
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$67.28
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago	1.92 bp	11.9 bp −$12	26.8 bp −$268	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.64 bp	6.9 bp −$7	18.6 bp −$186	83.0 bp −$8,296	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	7.8142	+0.054%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0030%	8h	7.7982	−0.151%	$52K	$85K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.8152	+0.066%	$53K	$379K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.8160	+0.077%	$11.4M	$31.3M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.8110	+0.013%	$4.7M	$6.1M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.8130	+0.038%	$2.3M	$5.7M	50x	as long as short
MEXC ZEN_USDTshort	+0.0100%	8h	7.8170	+0.090%	$12.5M	$5.3M	200x
KuCoin ZENUSDTM	+0.0100%	8h	7.8170	+0.090%	$4.5M	$4.8M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.8100	0.000%	$2.9M	$3.4M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.8140	+0.051%	—	$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	7.8089	−0.014%	$590K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.8080	−0.026%	$27K	$688K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.8020	−0.102%	$2K	$1.4M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.8132	+0.042%	$22K	$121K	5x	as long as short
BloFin ZEN-USDTlong	+0.0220%	8h	7.8100	long leg	$858K	$1.8M	75x
Hyperliquid ZEN	+0.0373%	1h	7.8392	+0.374%	$2.5M	$1.7M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2961%	1h	7.8376	+0.353%	$513K	$1.0M	25x	as long as short