ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.11 per $10,000 · paid last 24h +0.032%

Price spread now: Binance against KuCoin+0.067%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$840.843% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.204%−$20 · spread now +0.067%, 7d avg −0.042%

Together, before fees−0.108%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.109% dearer against KuCoin than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of −0.042%): +$11 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 32 days. Mind the row above: over the last 7 days funding on this pair paid +0.096%, 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	KuCoin ZENUSDTM	7.6900	0.0040	pay 0.0040% / 8h	2h 26m	$4.3M	$5.2M	50x
Short	Binance ZENUSDT	7.6951	0.0029	get 0.0029% / 8h	2h 26m	$11.0M	$32.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.067%Rate

Funding earned: −$2.35
Price spread: +0.067% → −0.042%: $10.89
Slippage, 4 orders: −$62.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$75.76
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 15 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 KuCoin live order book, 1 min ago	5.85 bp	31.0 bp −$31	75.9 bp −$759	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.65 bp	11.5 bp −$11	31.8 bp −$318	214.1 bp −$21.4K	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
Variational Omni ZEN	−0.0117%	8h	7.6382	−0.674%	$51K	$219K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0033%	4h	7.6930	+0.039%	$2.3M	$6.0M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6808	−0.119%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0026%	8h	7.6960	+0.078%	$12.1M	$6.1M	200x	as long as short
Binance ZENUSDTshort	+0.0029%	8h	7.6951	+0.067%	$11.0M	$32.4M	75x
Extended ZEN-USD	+0.0032%	1h	7.6942	+0.054%	$25K	$110K	5x	as long as short
KuCoin ZENUSDTMlong	+0.0040%	8h	7.6900	long leg	$4.3M	$5.2M	50x
Bitget ZENUSDT	+0.0042%	8h	7.6930	+0.039%	$2.8M	$3.5M	50x	as long as short
Aster ZENUSDT	+0.0077%	8h	7.6906	+0.008%	$54K	$381K	10x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7130	+0.299%	$2.4M	$1.9M	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZENUSDT	+0.0100%	8h	7.6920	+0.026%	$4.6M	$6.9M	75x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6910	+0.013%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6580	−0.416%	$583K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6490	−0.533%	$27K	$682K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6980	+0.104%	$2K	$1.4M	20x	as long as short
BloFin ZEN-USDT	+0.0115%	8h	7.6930	+0.039%	$839K	$1.9M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.1129%	1h	7.7060	+0.208%	$496K	$1.1M	25x	as long as short