ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.027%

Price spread now: KuCoin against Aster+0.005%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1181.183% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.132%−$13 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.005%, 7d avg −0.016%

Together, before fees−0.231%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.021% dearer against Aster than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.016%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 6 days (−0.132% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZENUSDT	7.7076	0.0100	pay 0.0100% / 8h	1h 54m	$44K	$393K	10x
Short	KuCoin ZENUSDTM	7.7080	0.0080	get 0.0080% / 8h	1h 54m	$4.1M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aster. 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 AsterbpFee KuCoinbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$4.2
Price spread: +0.005% → −0.016%: $2.15
Slippage, 4 orders: −$98.29
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$120.34
Costs to cover: 1.183%
Break-even: never at this rate

Slippage from Aster: live order book, 53 min ago; KuCoin: live order book, 3 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 Aster live order book, 53 min ago	6.57 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	3.24 bp	33.9 bp −$34	86.3 bp −$863	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
dYdX ZEN-USD	0.0000%	1h	7.7162	+0.111%	$9K	—	5x	as long as short
KuCoin ZENUSDTMshort	+0.0080%	8h	7.7080	+0.005%	$4.1M	$4.1M	50x
OKX ZEN-USDT-SWAP	+0.0082%	4h	7.6970	−0.137%	$2.3M	$5.4M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7111	+0.045%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDTlong	+0.0100%	8h	7.7076	long leg	$44K	$393K	10x
Binance ZENUSDT	+0.0100%	8h	7.7020	−0.073%	$11.1M	$30.3M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6960	−0.150%	$4.5M	$5.7M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7000	−0.099%	$11.9M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7080	+0.005%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7080	+0.005%	—	$3.1M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.7231	+0.202%	$55K	$88K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7247	+0.222%	$583K	$2.5M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7240	+0.213%	$27K	$675K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7120	+0.057%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7063	−0.016%	$22K	$129K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7210	+0.174%	$836K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.2848%	1h	7.7426	+0.454%	$495K	$1.0M	25x	as long as short