Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.023%
Price spread now: Bybit against Extended−0.061%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1201.201% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.061%, 7d avg −0.023%
=Together, before fees+0.022%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.039% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ZEN-USD | 7.7398 | 0.0104 | pay 0.0013% / 1h | 43m 20s | $22K | $129K | 5x |
| Short | Bybit ZENUSDT | 7.7350 | 0.0100 | get 0.0100% / 8h | 1h 43m | $4.5M | $5.7M | 75x |
Extended ZEN-USD
Bybit ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$0.84
- Price spread: −0.061% → −0.023%
- −$3.89
- Slippage, 4 orders
- −$104.06
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$124.79
- Costs to cover
- 1.201%
- Break-even
- never at this rate
Slippage from Extended: live order book, 62 min ago; Bybit: 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 Extended live order book, 62 min ago | 3.22 bp | 21.0 bp −$21 | 139.1 bp −$1,391 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.24 bp | 39.8 bp −$40 | 241.6 bp −$2,416 | 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 | 7.7393 | −0.006% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0053% | 4h | 7.7280 | −0.152% | $2.3M | $5.4M | 50x | as long as short |
| KuCoin ZENUSDTM | +0.0066% | 8h | 7.7420 | +0.029% | $4.1M | $4.1M | 50x | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.7491 | +0.121% | $2.4M | $1.3M | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7483 | +0.110% | $44K | $393K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7394 | −0.004% | $11.2M | $30.2M | 75x | as long as short |
| Bybit ZENUSDTshort | +0.0100% | 8h | 7.7350 | −0.061% | $4.5M | $5.7M | 75x | |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7410 | +0.016% | $11.9M | $5.0M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7360 | −0.049% | $2.9M | $3.1M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7370 | −0.036% | — | $3.1M | — | as long as short |
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
Hyperliquid ZEN
Aster ZENUSDT
Binance ZENUSDT
MEXC ZEN_USDT
Bitget ZENUSDT
BingX ZEN-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | +0.0100% | 8h | 7.7271 | −0.163% | $55K | $83K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7271 | −0.164% | $575K | $2.6M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7500 | +0.132% | $27K | $674K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7410 | +0.016% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USDlong | +0.0104% | 1h | 7.7398 | long leg | $22K | $129K | 5x | |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.7450 | +0.068% | $834K | $1.6M | 75x | as long as short |
| Kraken Futures PF_ZENUSD | +0.2842% | 1h | 7.7588 | +0.247% | $496K | $1.0M | 25x | as long as short |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Kraken Futures PF_ZENUSD