ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.31 per $10,000 · paid last 24h +0.026%

Price spread now: BloFin against MEXC+0.196%49s7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.446% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.196%, 7d avg −0.029%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.225% dearer against MEXC than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.029%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEN_USDT	7.6690	0	get 0.0000% / 8h	1h 32m	$12.2M	$5.6M	200x
Short	BloFin ZEN-USDT	7.6840	0.0031	get 0.0031% / 8h	1h 32m	$835K	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.196%Rate

Funding earned: $6.61
Price spread: +0.196% → −0.029%: $22.45
Slippage, 4 orders: −$28.56
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$15.51
Costs to cover: 0.446%
Break-even: 23.4 days

Slippage from MEXC: live order book, 6 min ago; BloFin: live order book, 5 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, 6 min ago	0.65 bp	6.7 bp −$7	32.0 bp −$320	87.2 bp −$8,724	doesn't fit
Sell BloFin live order book, 5 min ago	3.25 bp	15.7 bp −$16	28.1 bp −$281	97.7 bp −$9,774	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	−0.0121%	4h	7.6650	−0.052%	$2.3M	$5.8M	50x	as long as short
Variational Omni ZEN	−0.0062%	8h	7.6826	+0.178%	$51K	$150K	—	as long as short
KuCoin ZENUSDTM	−0.0043%	8h	7.6740	+0.065%	$4.3M	$5.0M	50x	as long as short
Binance ZENUSDT	0.0000%	8h	7.6660	−0.039%	$11.1M	$31.9M	75x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6855	+0.215%	$9K	—	5x	as long as short
Extended ZEN-USD	0.0000%	1h	7.6695	+0.007%	$25K	$110K	5x	as long as short
MEXC ZEN_USDTlong	0.0000%	8h	7.6690	long leg	$12.2M	$5.6M	200x
BloFin ZEN-USDTshort	+0.0031%	8h	7.6840	+0.196%	$835K	$1.9M	75x
Bitget ZENUSDT	+0.0041%	8h	7.6660	−0.039%	$2.8M	$3.5M	50x	as long as short
Aster ZENUSDT	+0.0064%	8h	7.6806	+0.152%	$53K	$380K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZENUSDT	+0.0098%	8h	7.6600	−0.117%	$4.7M	$6.7M	75x	as long as short
BingX ZEN-USDT	+0.0099%	8h	7.6640	−0.065%	—	$3.4M	—	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6858	+0.219%	$2.4M	$1.8M	5x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6790	+0.130%	$572K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6830	+0.183%	$27K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6670	−0.026%	$1K	$1.4M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1891%	1h	7.7031	+0.445%	$504K	$1.1M	25x	as long as short