Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance+0.006%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now +0.006%, 7d avg 0.000%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZENUSDT | 7.6705 | 0.0004 | pay 0.0004% / 8h | 1h 49m | $11.0M | $32.1M | 75x |
| Short | MEXC ZEN_USDT | 7.6710 | 0.0003 | get 0.0003% / 8h | 1h 49m | $12.2M | $5.6M | 200x |
Binance ZENUSDT
MEXC ZEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$0.15
- Price spread: +0.006% → 0.000%
- $0.6
- Slippage, 4 orders
- −$30.73
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$44.28
- Costs to cover
- 0.447%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; MEXC: live order book, 4 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, 7 min ago | 1.30 bp | 13.4 bp −$13 | 35.9 bp −$359 | 382.1 bp −$38.2K | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.96 bp | 8.8 bp −$9 | 18.5 bp −$185 | 89.9 bp −$8,989 | 169.0 bp −$84.5K |
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 | −0.0098% | 4h | 7.6720 | +0.019% | $2.3M | $5.8M | 50x | as long as short |
| Variational Omni ZEN | −0.0068% | 8h | 7.6558 | −0.192% | $51K | $150K | — | as long as short |
| KuCoin ZENUSDTM | −0.0026% | 8h | 7.6710 | +0.006% | $4.3M | $5.1M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.6707 | +0.002% | $9K | — | 5x | as long as short |
| Extended ZEN-USD | 0.0000% | 1h | 7.6678 | −0.035% | $25K | $110K | 5x | as long as short |
| MEXC ZEN_USDTshort | +0.0003% | 8h | 7.6710 | +0.006% | $12.2M | $5.6M | 200x | |
| Binance ZENUSDTlong | +0.0004% | 8h | 7.6705 | long leg | $11.0M | $32.1M | 75x | |
| BloFin ZEN-USDT | +0.0015% | 8h | 7.6720 | +0.019% | $839K | $1.9M | 75x | as long as short |
| Bitget ZENUSDT | +0.0033% | 8h | 7.6690 | −0.020% | $2.8M | $3.5M | 50x | as long as short |
| Aster ZENUSDT | +0.0061% | 8h | 7.6706 | 0.000% | $53K | $381K | 10x | as long as short |
OKX ZEN-USDT-SWAP
Variational Omni ZEN
KuCoin ZENUSDTM
dYdX ZEN-USD
Extended ZEN-USD
BloFin ZEN-USDT
Bitget ZENUSDT
Aster ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZENUSDT | +0.0100% | 8h | 7.6680 | −0.033% | $4.7M | $6.8M | 75x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6650 | −0.072% | — | $3.4M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6547 | −0.207% | $579K | $1.6M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6710 | +0.006% | $27K | $684K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6570 | −0.177% | $1K | $1.4M | 20x | as long as short |
| Hyperliquid ZEN | +0.0123% | 1h | 7.6928 | +0.290% | $2.4M | $1.9M | 5x | as long as short |
| Kraken Futures PF_ZENUSD | +0.1892% | 1h | 7.6987 | +0.367% | $495K | $1.1M | 25x | as long as short |
Bybit ZENUSDT
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Hyperliquid ZEN
Kraken Futures PF_ZENUSD