ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.054%

Price spread now: Extended against Hyperliquid−0.118%7-day average −0.170% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.118%, 7d avg −0.170%

Together, before fees−0.059%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.052% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.118% now, against its 7-day average of −0.170%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.100% in total) that is about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ZEN	7.7120	0.0256	pay 0.0032% / 1h	24m 20s	$2.4M	$1.3M	5x
Short	Extended ZEN-USD	7.7029	0.0104	get 0.0013% / 1h	24m 20s	$22K	$232K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpFee ExtendedbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$31.86
Price spread: −0.118% → −0.170%: $5.19
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$40.66
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 min ago; Extended: live order book, 12 min ago. Net counts fees only.

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 Hyperliquid live order book, 7 min ago	2.54 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 12 min ago	2.98 bp	19.9 bp −$20	194.0 bp −$1,940	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	7.7005	−0.150%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0007%	8h	7.6940	−0.233%	$4.1M	$3.9M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6980	−0.182%	$42K	$390K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7051	−0.090%	$11.0M	$29.6M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7010	−0.143%	$4.5M	$5.5M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7080	−0.052%	$2.3M	$5.3M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7000	−0.156%	$12.2M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7000	−0.156%	$2.8M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7030	−0.117%	—	$2.9M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.6866	−0.330%	$54K	$69K	—	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_Perp	+0.0100%	8h	7.7082	−0.049%	$579K	$2.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7110	−0.013%	$27K	$669K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6990	−0.169%	$2K	$1.3M	20x	as long as short
Extended ZEN-USDshort	+0.0104%	1h	7.7029	−0.118%	$22K	$232K	5x
BloFin ZEN-USDT	+0.0220%	8h	7.6940	−0.233%	$841K	$1.6M	75x	as long as short
Hyperliquid ZENlong	+0.0256%	1h	7.7120	long leg	$2.4M	$1.3M	5x
Kraken Futures PF_ZENUSD	+0.2239%	1h	7.7149	+0.037%	$493K	$823K	25x	as long as short