ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.14 per $10,000 · paid last 24h +0.046%

Price spread now: Bitget against KuCoin−0.170%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1241.239% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 7 days−0.028%−$3 · spread now −0.170%, 7d avg −0.074%

Together, before fees+0.125%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.095% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of −0.074%). If the spread goes back, that is −$10 on $10k: about 23 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.153% in total) that is about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZENUSDTM	7.6560	0.0023	pay 0.0023% / 8h	2h 33m	$4.3M	$5.2M	50x
Short	Bitget ZENUSDT	7.6430	0.0037	get 0.0037% / 8h	2h 33m	$2.8M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.170%Rate

Funding earned: $2.94
Price spread: −0.170% → −0.074%: −$9.54
Slippage, 4 orders: −$99.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$130.54
Costs to cover: 1.239%
Break-even: 317.8 days

Slippage from KuCoin: live order book, 4 min ago; Bitget: 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 KuCoin live order book, 4 min ago	3.26 bp	32.4 bp −$32	72.5 bp −$725	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.61 bp	21.5 bp −$21	42.6 bp −$426	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
Variational Omni ZEN	−0.0131%	8h	7.6562	+0.003%	$51K	$219K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0045%	4h	7.6470	−0.118%	$2.3M	$6.0M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6531	−0.038%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0020%	8h	7.6490	−0.091%	$12.0M	$6.1M	200x	as long as short
Binance ZENUSDT	+0.0021%	8h	7.6490	−0.091%	$11.0M	$32.7M	75x	as long as short
KuCoin ZENUSDTMlong	+0.0023%	8h	7.6560	long leg	$4.3M	$5.2M	50x
Extended ZEN-USD	+0.0024%	1h	7.6478	−0.106%	$25K	$110K	5x	as long as short
Bitget ZENUSDTshort	+0.0037%	8h	7.6430	−0.170%	$2.8M	$3.5M	50x
Aster ZENUSDT	+0.0068%	8h	7.6501	−0.077%	$54K	$381K	10x	as long as short
BloFin ZEN-USDT	+0.0083%	8h	7.6510	−0.065%	$835K	$1.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZEN	+0.0100%	1h	7.6658	+0.128%	$2.4M	$1.9M	5x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6450	−0.144%	$4.6M	$7.1M	75x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6510	−0.065%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6597	+0.048%	$583K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6670	+0.144%	$27K	$682K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6570	+0.013%	$2K	$1.5M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1134%	1h	7.6709	+0.195%	$494K	$1.1M	25x	as long as short