ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.25 per $10,000 · paid last 24h +0.014%

Price spread now: Bitget against MEXC−0.065%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.065%, 7d avg −0.032%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.034% cheaper against MEXC than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.032%). If the spread goes back, that is −$3 on $10k: about 4.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEN_USDT	7.6370	0.0014	pay 0.0014% / 8h	2h 50m	$12.0M	$6.0M	200x
Short	Bitget ZENUSDT	7.6320	0.0039	get 0.0039% / 8h	2h 50m	$2.8M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.065%Rate

Funding earned: $5.25
Price spread: −0.065% → −0.032%: −$3.37
Slippage, 4 orders: −$32.29
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.41
Costs to cover: 0.483%
Break-even: 68.9 days

Slippage from MEXC: live order book, 3 min ago; Bitget: 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 MEXC live order book, 3 min ago	1.31 bp	8.8 bp −$9	20.5 bp −$205	89.8 bp −$8,983	doesn't fit
Sell Bitget live order book, 2 min ago	1.96 bp	14.4 bp −$14	47.1 bp −$471	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	−0.0165%	8h	7.6195	−0.230%	$51K	$232K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0027%	4h	7.6360	−0.013%	$2.3M	$6.4M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6440	+0.092%	$9K	—	5x	as long as short
MEXC ZEN_USDTlong	+0.0014%	8h	7.6370	long leg	$12.0M	$6.0M	200x
Binance ZENUSDT	+0.0015%	8h	7.6390	+0.026%	$10.9M	$33.7M	75x	as long as short
Extended ZEN-USD	+0.0016%	1h	7.6352	−0.023%	$25K	$110K	5x	as long as short
KuCoin ZENUSDTM	+0.0017%	8h	7.6410	+0.052%	$4.3M	$5.3M	50x	as long as short
Bitget ZENUSDTshort	+0.0039%	8h	7.6320	−0.065%	$2.8M	$3.7M	50x
Aster ZENUSDT	+0.0055%	8h	7.6455	+0.111%	$54K	$388K	10x	as long as short
BloFin ZEN-USDT	+0.0059%	8h	7.6330	−0.052%	$835K	$2.0M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni ZENUSDT	+0.0072%	1h	7.6560	+0.249%	$27K	$682K	50x	as long as short
BingX ZEN-USDT	+0.0098%	8h	7.6390	+0.026%	—	$3.4M	—	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6557	+0.245%	$2.4M	$2.1M	5x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6380	+0.013%	$4.6M	$7.4M	75x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6518	+0.194%	$580K	$1.6M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6400	+0.039%	$2K	$1.5M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1137%	1h	7.6490	+0.157%	$492K	$1.1M	25x	as long as short