Funding you earn now, next payment 00:00 UTC−0.0065%/8h= −7.1% APRnext payment −$0.65 per $10,000 · paid last 24h +0.033%
Price spread now: Bitget against Bybit0.000%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1131.134% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 7 days−0.005%−$1 · spread now 0.000%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.039% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.039%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZENUSDT | 7.6930 | 0.0100 | pay 0.0100% / 8h | 1h 55m | $4.7M | $6.8M | 75x |
| Short | Bitget ZENUSDT | 7.6930 | 0.0035 | get 0.0035% / 8h | 1h 55m | $2.8M | $3.5M | 50x |
Bybit ZENUSDT
Bitget ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$13.65
- Price spread: 0.000% → +0.039%
- −$3.91
- Slippage, 4 orders
- −$90.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$130.92
- Costs to cover
- 1.134%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 2 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 | 2.61 bp | 39.7 bp −$40 | 154.5 bp −$1,545 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.27 bp | 14.5 bp −$14 | 28.8 bp −$288 | 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 | −0.0088% | 4h | 7.6930 | 0.000% | $2.3M | $5.9M | 50x | as long as short |
| Variational Omni ZEN | −0.0072% | 8h | 7.6417 | −0.666% | $51K | $151K | — | as long as short |
| KuCoin ZENUSDTM | −0.0013% | 8h | 7.6920 | −0.013% | $4.3M | $5.1M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.6923 | −0.009% | $9K | — | 5x | as long as short |
| Extended ZEN-USD | +0.0008% | 1h | 7.6894 | −0.047% | $25K | $110K | 5x | as long as short |
| MEXC ZEN_USDT | +0.0011% | 8h | 7.6940 | +0.013% | $12.2M | $5.5M | 200x | as long as short |
| Binance ZENUSDT | +0.0015% | 8h | 7.6917 | −0.017% | $11.0M | $32.2M | 75x | as long as short |
| Bitget ZENUSDTshort | +0.0035% | 8h | 7.6930 | 0.000% | $2.8M | $3.5M | 50x | |
| BloFin ZEN-USDT | +0.0047% | 8h | 7.6570 | −0.468% | $840K | $1.9M | 75x | as long as short |
| Aster ZENUSDT | +0.0073% | 8h | 7.6845 | −0.111% | $53K | $381K | 10x | as long as short |
OKX ZEN-USDT-SWAP
Variational Omni ZEN
KuCoin ZENUSDTM
dYdX ZEN-USD
Extended ZEN-USD
MEXC ZEN_USDT
Binance ZENUSDT
BloFin ZEN-USDT
Aster ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZENUSDTlong | +0.0100% | 8h | 7.6930 | long leg | $4.7M | $6.8M | 75x | |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6900 | −0.039% | — | $3.4M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6471 | −0.597% | $582K | $1.6M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6500 | −0.559% | $27K | $683K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6740 | −0.247% | $2K | $1.4M | 20x | as long as short |
| Hyperliquid ZEN | +0.0172% | 1h | 7.7074 | +0.187% | $2.4M | $1.9M | 5x | as long as short |
| Kraken Futures PF_ZENUSD | +0.1891% | 1h | 7.7020 | +0.116% | $496K | $1.1M | 25x | as long as short |
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Hyperliquid ZEN
Kraken Futures PF_ZENUSD