ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.014%

Price spread now: BloFin against BingX+0.026%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$640.644% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$17 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.026%, 7d avg −0.015%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.042% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.5980	0.0100	pay 0.0100% / 8h	2h 31m	—	$3.1M	—
Short	BloFin ZEN-USDT	7.6000	0.0220	get 0.0220% / 8h	2h 31m	$824K	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BingXbpFee BloFinbpOrdersPrice spread, now +0.026%Rate

Funding earned: $25.2
Price spread: +0.026% → −0.015%: $4.18
Slippage, 4 orders: −$42.45
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$35.07
Costs to cover: 0.644%
Break-even: 16.7 days

Slippage from BingX: live order book, 4 min ago; BloFin: live order book, 2 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 BingX live order book, 4 min ago	4.60 bp	17.5 bp −$18	32.3 bp −$323	270.5 bp −$27.1K	441.9 bp −$220.9K
Sell BloFin live order book, 2 min ago	5.26 bp	14.5 bp −$15	36.2 bp −$362	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	7.6084	+0.137%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0061%	4h	7.6010	+0.039%	$2.2M	$5.2M	50x	as long as short
KuCoin ZENUSDTM	+0.0062%	8h	7.6040	+0.079%	$4.0M	$4.2M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6153	+0.228%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6009	+0.038%	$43K	$388K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6009	+0.038%	$10.9M	$29.8M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.5990	+0.013%	$4.4M	$5.7M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6030	+0.066%	$11.5M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.5970	−0.013%	$2.8M	$3.1M	50x	as long as short
BingX ZEN-USDTlong	+0.0100%	8h	7.5980	long leg	—	$3.1M	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.5903	−0.101%	$54K	$89K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6090	+0.145%	$569K	$2.4M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.5890	−0.118%	$26K	$679K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6040	+0.079%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.5989	+0.012%	$22K	$134K	5x	as long as short
BloFin ZEN-USDTshort	+0.0220%	8h	7.6000	+0.026%	$824K	$1.6M	75x
Kraken Futures PF_ZENUSD	+0.3112%	1h	7.6212	+0.306%	$487K	$1.0M	25x	as long as short