ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0066%/8h= −7.3% APRnext payment −$0.66 per $10,000 · paid last 24h −0.060%

Price spread now: Variational Omni against MEXC−0.353%7-day average −0.079% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.136%−$14 on $10k

Price spread, last 3 days (all we have)+0.660%+$66 · spread now −0.353%, 7d avg −0.079%

Together, before fees+0.523%+ Points / potential airdropVariational Omni: Active · farm board+$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.274% cheaper against MEXC than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.079%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEN_USDT	7.7040	0.0010	pay 0.0010% / 8h	1h 43m	$12.3M	$5.6M	200x
Short	Variational Omni ZEN	7.6768	−0.0056	pay 0.0056% / 8h	1h 43m	$51K	$150K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.353%Rate

Funding earned: −$13.94
Price spread: −0.353% → −0.079%: −$27.45
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$45.39
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Variational Omni: RFQ quote, 41 min ago. Net counts fees only.

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, 5 min ago	0.65 bp	7.0 bp −$7	25.1 bp −$251	90.0 bp −$9,000	doesn't fit
Sell Variational Omni RFQ quote, 41 min ago	5.96 bp	doesn't fit	169.3 bp −$1,693	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	−0.0085%	4h	7.6970	−0.091%	$2.3M	$5.8M	50x	as long as short
Variational Omni ZENshort	−0.0056%	8h	7.6768	−0.353%	$51K	$150K	—
KuCoin ZENUSDTM	−0.0025%	8h	7.7060	+0.026%	$4.3M	$5.1M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7225	+0.240%	$9K	—	5x	as long as short
Extended ZEN-USD	+0.0008%	1h	7.7035	−0.006%	$25K	$110K	5x	as long as short
MEXC ZEN_USDTlong	+0.0010%	8h	7.7040	long leg	$12.3M	$5.6M	200x
Binance ZENUSDT	+0.0011%	8h	7.7036	−0.005%	$11.1M	$32.0M	75x	as long as short
BloFin ZEN-USDT	+0.0034%	8h	7.6940	−0.130%	$835K	$1.9M	75x	as long as short
Bitget ZENUSDT	+0.0043%	8h	7.7050	+0.013%	$2.8M	$3.5M	50x	as long as short
Aster ZENUSDT	+0.0070%	8h	7.7084	+0.057%	$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
Hyperliquid ZEN	+0.0100%	1h	7.7226	+0.241%	$2.4M	$1.9M	5x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7010	−0.039%	$4.7M	$6.7M	75x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7060	+0.026%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7060	+0.026%	$574K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6980	−0.078%	$27K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7060	+0.026%	$1K	$1.4M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1884%	1h	7.7339	+0.388%	$506K	$1.1M	25x	as long as short