ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.43 per $10,000 · paid last 24h +0.033%

Price spread now: BingX against Bybit+0.077%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1071.069% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.077%, 7d avg +0.049%

Together, before fees+0.015%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.029% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZENUSDT	7.7790	0.0057	pay 0.0057% / 8h	31m 24s	$4.7M	$6.3M	75x
Short	BingX ZEN-USDT	7.7850	0.0100	get 0.0100% / 8h	31m 24s	—	$3.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.077%Rate

Funding earned: $8.95
Price spread: +0.077% → +0.049%: $2.86
Slippage, 4 orders: −$85.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$95.12
Costs to cover: 1.069%
Break-even: 81.4 days

Slippage from Bybit: live order book, 2 min ago; BingX: 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 Bybit live order book, 2 min ago	1.93 bp	41.2 bp −$41	155.0 bp −$1,550	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	3.85 bp	14.6 bp −$15	39.1 bp −$391	203.0 bp −$20.3K	492.9 bp −$246.5K

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	−0.0033%	8h	7.7836	+0.059%	$52K	$85K	—	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7896	+0.136%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0015%	8h	7.7890	+0.129%	$4.5M	$5.0M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0019%	4h	7.7820	+0.039%	$2.3M	$5.9M	50x	as long as short
Bybit ZENUSDTlong	+0.0057%	8h	7.7790	long leg	$4.7M	$6.3M	75x
Extended ZEN-USD	+0.0064%	1h	7.7865	+0.097%	$26K	$118K	5x	as long as short
MEXC ZEN_USDT	+0.0067%	8h	7.7870	+0.103%	$12.6M	$5.4M	200x	as long as short
Binance ZENUSDT	+0.0068%	8h	7.7870	+0.103%	$11.3M	$31.6M	75x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7877	+0.111%	$53K	$375K	10x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7830	+0.051%	$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-USDTshort	+0.0100%	8h	7.7850	+0.077%	—	$3.4M	—
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7890	+0.129%	$581K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7930	+0.180%	$27K	$684K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7910	+0.154%	$2K	$1.4M	20x	as long as short
BloFin ZEN-USDT	+0.0186%	8h	7.7940	+0.193%	$846K	$1.8M	75x	as long as short
Hyperliquid ZEN	+0.0463%	1h	7.8126	+0.432%	$2.5M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2634%	1h	7.8267	+0.613%	$512K	$1.0M	25x	as long as short