ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.86 per $10,000 · paid last 24h +0.019%

Price spread now: Binance against Bybit+0.086%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$860.863% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.086%, 7d avg +0.071%

Together, before fees−0.025%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZENUSDT	7.6380	0.0100	pay 0.0100% / 8h	2h 52m	$4.6M	$7.4M	75x
Short	Binance ZENUSDT	7.6445	0.0014	get 0.0014% / 8h	2h 52m	$10.9M	$33.7M	75x

Funding history

latest

Range statsloading…

Binance against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now +0.086%Rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 4 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 5 min ago	3.94 bp	32.3 bp −$32	149.4 bp −$1,494	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.65 bp	13.0 bp −$13	40.0 bp −$400	256.5 bp −$25.6K	doesn't fit

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	−0.0165%	8h	7.6195	−0.243%	$51K	$232K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0019%	4h	7.6380	0.000%	$2.3M	$6.5M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6505	+0.164%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0013%	8h	7.6450	+0.092%	$12.1M	$6.0M	200x	as long as short
Binance ZENUSDTshort	+0.0014%	8h	7.6445	+0.086%	$10.9M	$33.7M	75x
Extended ZEN-USD	+0.0016%	1h	7.6472	+0.121%	$25K	$110K	5x	as long as short
KuCoin ZENUSDTM	+0.0019%	8h	7.6500	+0.157%	$4.3M	$5.3M	50x	as long as short
Bitget ZENUSDT	+0.0040%	8h	7.6450	+0.092%	$2.8M	$3.7M	50x	as long as short
BloFin ZEN-USDT	+0.0054%	8h	7.6520	+0.183%	$834K	$2.0M	75x	as long as short
Aster ZENUSDT	+0.0055%	8h	7.6460	+0.105%	$54K	$388K	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	7.6676	+0.388%	$2.4M	$2.1M	5x	as long as short
Bybit ZENUSDTlong	+0.0100%	8h	7.6380	long leg	$4.6M	$7.4M	75x
BingX ZEN-USDT	+0.0100%	8h	7.6430	+0.065%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6518	+0.181%	$580K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6310	−0.092%	$27K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6600	+0.288%	$2K	$1.5M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1134%	1h	7.6730	+0.458%	$494K	$1.1M	25x	as long as short