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 +0.034%

Price spread now: BloFin against GRVT+0.272%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$810.812% of the position

Long on GRVT Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$19 on $10k

Price spread, last 3 days (all we have)−0.233%−$23 · spread now +0.272%, 7d avg +0.040%

Together, before fees−0.048%+ Points / potential airdropGRVT: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.233% dearer against GRVT than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ZEN_USDT_Perp	7.7898	0.0100	pay 0.0100% / 8h	7h 14m	$589K	$1.7M	10x
Short	BloFin ZEN-USDT	7.8110	0.0220	get 0.0220% / 8h	7h 14m	$850K	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GRVT. 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 GRVTbpFee BloFinbpOrdersPrice spread, now +0.272%Rate

Funding earned: $25.2
Price spread: +0.272% → +0.040%: $23.26
Slippage, 4 orders: −$60.23
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$32.77
Costs to cover: 0.812%
Break-even: 16.1 days

Slippage from GRVT: live order book, 4 min ago; BloFin: live order book, 3 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 GRVT live order book, 4 min ago	3.21 bp	19.0 bp −$19	46.2 bp −$462	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.28 bp	12.4 bp −$12	22.8 bp −$228	100.6 bp −$10.1K	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	7.8007	+0.140%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0019%	8h	7.7858	−0.051%	$52K	$85K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.8072	+0.224%	$53K	$379K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.8190	+0.375%	$11.4M	$31.3M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.8120	+0.285%	$4.7M	$6.1M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.8130	+0.298%	$2.4M	$5.7M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.8220	+0.413%	$12.5M	$5.3M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.8120	+0.285%	$4.5M	$4.8M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.8120	+0.285%	$2.9M	$3.4M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.8130	+0.298%	—	$3.3M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perplong	+0.0100%	8h	7.7898	long leg	$589K	$1.7M	10x
ApeX Omni ZENUSDT	+0.0100%	1h	7.7810	−0.113%	$27K	$688K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7930	+0.041%	$2K	$1.4M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.8126	+0.293%	$22K	$121K	5x	as long as short
BloFin ZEN-USDTshort	+0.0220%	8h	7.8110	+0.272%	$850K	$1.8M	75x
Hyperliquid ZEN	+0.0319%	1h	7.8296	+0.511%	$2.5M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2958%	1h	7.8456	+0.716%	$513K	$1.0M	25x	as long as short