ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0138%/8h= +15.1% APRnext payment +$1.38 per $10,000 · paid last 24h +0.013%

Price spread now: Bybit against KuCoin−0.260%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1491.485% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 7 days+0.072%+$7 · spread now −0.260%, 7d avg −0.113%

Together, before fees+0.154%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.147% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.260% now, against its 7-day average of −0.113%). If the spread goes back, that is −$15 on $10k: about 3.5 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.082% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZENUSDTM	7.6890	−0.0039	get 0.0039% / 8h	1h 36m	$4.3M	$5.1M	50x
Short	Bybit ZENUSDT	7.6690	0.0099	get 0.0099% / 8h	1h 36m	$4.7M	$6.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.260%Rate

Funding earned: $29.05
Price spread: −0.260% → −0.113%: −$14.69
Slippage, 4 orders: −$125.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$134.15
Costs to cover: 1.485%
Break-even: 39.3 days

Slippage from KuCoin: live order book, 1 min ago; Bybit: 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, 1 min ago	3.25 bp	28.8 bp −$29	91.6 bp −$916	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.56 bp	39.9 bp −$40	166.2 bp −$1,662	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
OKX ZEN-USDT-SWAP	−0.0092%	4h	7.6680	−0.273%	$2.3M	$5.8M	50x	as long as short
Variational Omni ZEN	−0.0056%	8h	7.6901	+0.015%	$51K	$150K	—	as long as short
KuCoin ZENUSDTMlong	−0.0039%	8h	7.6890	long leg	$4.3M	$5.1M	50x
dYdX ZEN-USD	0.0000%	1h	7.6919	+0.038%	$9K	—	5x	as long as short
Binance ZENUSDT	+0.0006%	8h	7.6786	−0.136%	$11.1M	$31.9M	75x	as long as short
Extended ZEN-USD	+0.0008%	1h	7.6832	−0.076%	$25K	$110K	5x	as long as short
MEXC ZEN_USDT	+0.0008%	8h	7.6830	−0.078%	$12.2M	$5.6M	200x	as long as short
BloFin ZEN-USDT	+0.0035%	8h	7.6870	−0.026%	$835K	$1.9M	75x	as long as short
Bitget ZENUSDT	+0.0045%	8h	7.6800	−0.117%	$2.8M	$3.5M	50x	as long as short
Aster ZENUSDT	+0.0066%	8h	7.6900	+0.013%	$53K	$381K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZENUSDTshort	+0.0099%	8h	7.6690	−0.260%	$4.7M	$6.7M	75x
Hyperliquid ZEN	+0.0100%	1h	7.6950	+0.078%	$2.4M	$1.8M	5x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6810	−0.104%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7021	+0.171%	$574K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7120	+0.299%	$27K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6750	−0.182%	$2K	$1.4M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1891%	1h	7.7036	+0.190%	$504K	$1.1M	25x	as long as short