Funding you earn now, next payment 00:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.58 per $10,000 · paid last 24h −0.032%
Price spread now: KuCoin against Binance+0.035%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$870.875% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 7 days+0.084%+$8 · spread now +0.035%, 7d avg +0.041%
=The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZENUSDT | 7.7823 | 0.0054 | pay 0.0054% / 8h | 42m 01s | $11.2M | $31.6M | 75x |
| Short | KuCoin ZENUSDTM | 7.7850 | −0.0004 | pay 0.0004% / 8h | 42m 01s | $4.3M | $4.9M | 50x |
Binance ZENUSDT
KuCoin ZENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- −$12.14
- Price spread: +0.035% → +0.041%
- −$0.55
- Slippage, 4 orders
- −$65.48
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$100.18
- Costs to cover
- 0.875%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; KuCoin: 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 Binance live order book, 14 min ago | 0.65 bp | 14.3 bp −$14 | 38.4 bp −$384 | 434.6 bp −$43.5K | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 3.21 bp | 39.5 bp −$39 | 89.9 bp −$899 | 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 | −0.0031% | 8h | 7.7815 | −0.009% | $52K | $85K | — | as long as short |
| OKX ZEN-USDT-SWAP | −0.0006% | 4h | 7.7710 | −0.145% | $2.3M | $5.9M | 50x | as long as short |
| KuCoin ZENUSDTMshort | −0.0004% | 8h | 7.7850 | +0.035% | $4.3M | $4.9M | 50x | |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7965 | +0.182% | $9K | — | 5x | as long as short |
| MEXC ZEN_USDT | +0.0052% | 8h | 7.7790 | −0.042% | $12.4M | $5.4M | 200x | as long as short |
| Binance ZENUSDTlong | +0.0054% | 8h | 7.7823 | long leg | $11.2M | $31.6M | 75x | |
| Extended ZEN-USD | +0.0056% | 1h | 7.7790 | −0.041% | $26K | $118K | 5x | as long as short |
| Bybit ZENUSDT | +0.0070% | 8h | 7.7690 | −0.170% | $4.7M | $6.3M | 75x | as long as short |
| BingX ZEN-USDT | +0.0094% | 8h | 7.7760 | −0.080% | — | $3.4M | — | as long as short |
| Bitget ZENUSDT | +0.0096% | 8h | 7.7820 | −0.003% | $2.9M | $3.5M | 50x | as long as short |
Variational Omni ZEN
OKX ZEN-USDT-SWAP
dYdX ZEN-USD
MEXC ZEN_USDT
Extended ZEN-USD
Bybit ZENUSDT
BingX ZEN-USDT
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZENUSDT | +0.0100% | 8h | 7.7860 | +0.049% | $53K | $375K | 10x | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7875 | +0.067% | $591K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7910 | +0.112% | $27K | $683K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7830 | +0.010% | $1K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0173% | 8h | 7.7900 | +0.100% | $843K | $1.8M | 75x | as long as short |
| Hyperliquid ZEN | +0.0390% | 1h | 7.8000 | +0.228% | $2.5M | $1.8M | 5x | as long as short |
| Kraken Futures PF_ZENUSD | +0.2641% | 1h | 7.8055 | +0.298% | $511K | $1.0M | 25x | as long as short |
Aster ZENUSDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Hyperliquid ZEN
Kraken Futures PF_ZENUSD