Funding you earn now, next payment 02:00 UTC+0.0112%/8h= +12.2% APRpaid last 24h +0.005%
Price spread now: Binance against ApeX Omni−1.051%69s7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as 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−$600.599% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now −1.051%, 7d avg −0.032%
=Funding pays, the price is against you. Binance is 1.019% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −1.051% now, against its 7-day average of −0.032%). If the spread goes back, that is −$102 on $10k: about 30 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.015% in total) that is about 16 months. The two prices were read 69 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 | ApeX Omni ZENUSDT | 7.7080 | −0.0012 | get 0.0001% / 1h | 40m 26s | $26K | $688K | 50x |
| Short | Binance ZENUSDT | 7.6270 | 0.0100 | get 0.0100% / 8h | 6h 40m | $11.0M | $31.6M | 75x |
ApeX Omni ZENUSDT
Binance ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $23.49
- Price spread: −1.051% → −0.032%
- −$101.91
- Slippage, 4 orders
- −$39.87
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$138.29
- Costs to cover
- 0.599%
- Break-even
- 48.2 days
Slippage from ApeX Omni: live order book, 28 min ago; Binance: live order book, 1 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 ApeX Omni live order book, 28 min ago | 8.97 bp | 16.5 bp −$16 | 106.8 bp −$1,068 | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 1.31 bp | 14.7 bp −$15 | 45.5 bp −$455 | 242.3 bp −$24.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZENUSDTlong | −0.0012% | 1h | 7.7080 | long leg | $26K | $688K | 50x | |
| dYdX ZEN-USD | 0.0000% | 1h | 7.6458 | −0.807% | $9K | — | 5x | as long as short |
| Variational Omni ZEN | +0.0055% | 8h | 7.6468 | −0.794% | $51K | $85K | — | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6492 | −0.763% | $55K | $383K | 10x | as long as short |
| Binance ZENUSDTshort | +0.0100% | 8h | 7.6270 | −1.051% | $11.0M | $31.6M | 75x | |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6270 | −1.051% | $4.5M | $6.1M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.6290 | −1.025% | $2.3M | $5.6M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6280 | −1.038% | $12.0M | $5.3M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.6350 | −0.947% | $4.4M | $4.7M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6250 | −1.077% | $2.9M | $3.5M | 50x | as long as short |
dYdX ZEN-USD
Variational Omni ZEN
Aster ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
KuCoin ZENUSDTM
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEN-USDT | +0.0100% | 8h | 7.6330 | −0.973% | — | $3.3M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6920 | −0.208% | $573K | $1.8M | 10x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6470 | −0.791% | $1K | $1.4M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6402 | −0.879% | $27K | $122K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.7330 | +0.324% | $864K | $1.7M | 75x | as long as short |
| Hyperliquid ZEN | +0.0450% | 1h | 7.6468 | −0.794% | $2.4M | $1.7M | 5x | as long as short |
| Kraken Futures PF_ZENUSD | +0.3231% | 1h | 7.6805 | −0.356% | $502K | $1.0M | 25x | as long as short |
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN
Kraken Futures PF_ZENUSD