Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.024%

Price spread now: MEXC against KuCoin+0.039%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$880.880% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 7 days−0.169%−$17 · spread now +0.039%, 7d avg −0.039%

Together, before fees−0.065%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.078% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZENUSDTM	7.7570	0.0100	pay 0.0100% / 8h	5h 59m	$4.2M	$4.6M	50x
Short	MEXC ZEN_USDT	7.7600	0.0100	get 0.0100% / 8h	5h 59m	$12.2M	$5.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.039%: $7.76
Slippage, 4 orders: −$72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$80.24
Costs to cover: 0.880%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; MEXC: 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	4.51 bp	33.0 bp −$33	93.9 bp −$939	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.29 bp	8.3 bp −$8	44.0 bp −$440	93.4 bp −$9,344	doesn't fit

ZEN on 16 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	7.7752	+0.235%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0098%	8h	7.7671	+0.131%	$52K	$84K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7614	+0.057%	$55K	$375K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7608	+0.049%	$11.2M	$30.4M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7530	−0.052%	$4.6M	$5.8M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7570	0.000%	$2.3M	$5.4M	50x	as long as short
MEXC ZEN_USDTshort	+0.0100%	8h	7.7600	+0.039%	$12.2M	$5.0M	200x
KuCoin ZENUSDTMlong	+0.0100%	8h	7.7570	long leg	$4.2M	$4.6M	50x
Bitget ZENUSDT	+0.0100%	8h	7.7590	+0.026%	$2.9M	$3.2M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7550	−0.026%	—	$3.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7590	+0.026%	$587K	$1.8M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7760	+0.245%	$27K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7600	+0.039%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7587	+0.022%	$24K	$124K	5x	as long as short
Hyperliquid ZEN	+0.0302%	1h	7.7778	+0.268%	$2.5M	$1.4M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3154%	1h	7.7894	+0.417%	$510K	$1.0M	25x	as long as short