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 +0.049%

Price spread now: BloFin against Bybit−0.233%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1061.055% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.233%, 7d avg +0.027%

Together, before fees+0.480%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.261% cheaper against Bybit than usual: you would sell low and buy high (spread −0.233% now, against its 7-day average of +0.027%). If the spread goes back, that is −$26 on $10k: about 7.2 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZENUSDT	7.7120	0.0100	pay 0.0100% / 8h	2h 20m	$4.5M	$5.7M	75x
Short	BloFin ZEN-USDT	7.6940	0.0220	get 0.0220% / 8h	2h 20m	$827K	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.233%Rate

Funding earned: $25.2
Price spread: −0.233% → +0.027%: −$26.08
Slippage, 4 orders: −$82.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$106.4
Costs to cover: 1.055%
Break-even: 36.6 days

Slippage from Bybit: live order book, 2 min ago; BloFin: 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	3.27 bp	38.2 bp −$38	360.2 bp −$3,602	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.65 bp	17.7 bp −$18	51.5 bp −$515	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
dYdX ZEN-USD	0.0000%	1h	7.7121	+0.001%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0056%	4h	7.7220	+0.130%	$2.3M	$5.2M	50x	as long as short
KuCoin ZENUSDTM	+0.0071%	8h	7.7030	−0.117%	$4.1M	$4.1M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7282	+0.210%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7135	+0.019%	$43K	$388K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7134	+0.019%	$11.0M	$29.8M	75x	as long as short
Bybit ZENUSDTlong	+0.0100%	8h	7.7120	long leg	$4.5M	$5.7M	75x
MEXC ZEN_USDT	+0.0100%	8h	7.7210	+0.117%	$11.7M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7140	+0.026%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7120	0.000%	—	$3.1M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.6882	−0.309%	$55K	$88K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6410	−0.921%	$578K	$2.5M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6300	−1.063%	$26K	$678K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6980	−0.182%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6964	−0.203%	$24K	$136K	5x	as long as short
BloFin ZEN-USDTshort	+0.0220%	8h	7.6940	−0.233%	$827K	$1.5M	75x
Kraken Futures PF_ZENUSD	+0.3076%	1h	7.7110	−0.013%	$493K	$1.0M	25x	as long as short