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 +0.050%

Price spread now: BloFin against KuCoin+0.026%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$830.826% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.329%+$33 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.026%, 7d avg −0.036%

Together, before fees+0.327%+$33 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 0.062% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZENUSDTM	7.6960	0.0100	pay 0.0100% / 8h	5h 11m	$4.1M	$4.5M	50x
Short	BloFin ZEN-USDT	7.6980	0.0220	get 0.0220% / 8h	5h 11m	$847K	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.026%Rate

Funding earned: $25.2
Price spread: +0.026% → −0.036%: $6.23
Slippage, 4 orders: −$58.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.21
Costs to cover: 0.826%
Break-even: 21.2 days

Slippage from KuCoin: live order book, 7 min ago; BloFin: live order book, 2 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, 7 min ago	4.54 bp	24.2 bp −$24	92.9 bp −$929	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	3.90 bp	9.9 bp −$10	19.0 bp −$190	82.4 bp −$8,240	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	7.6940	−0.025%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0098%	4h	7.7010	+0.065%	$2.3M	$5.4M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6960	0.000%	$53K	$375K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7011	+0.066%	$11.2M	$29.8M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6940	−0.026%	$4.6M	$5.8M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6980	+0.026%	$12.0M	$5.0M	200x	as long as short
KuCoin ZENUSDTMlong	+0.0100%	8h	7.6960	long leg	$4.1M	$4.5M	50x
Bitget ZENUSDT	+0.0100%	8h	7.6930	−0.039%	$2.9M	$3.2M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6990	+0.039%	—	$3.2M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.6855	−0.136%	$51K	$83K	—	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	7.6952	−0.011%	$574K	$1.9M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7010	+0.065%	$26K	$685K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6960	0.000%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6923	−0.048%	$25K	$121K	5x	as long as short
BloFin ZEN-USDTshort	+0.0220%	8h	7.6980	+0.026%	$847K	$1.6M	75x
Hyperliquid ZEN	+0.0356%	1h	7.7214	+0.330%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3179%	1h	7.7280	+0.416%	$506K	$1.0M	25x	as long as short