ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.84 per $10,000 · paid last 24h −0.046%

Price spread now: KuCoin against Bitget−0.039%7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$990.989% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 7 days+0.192%+$19 · spread now −0.039%, 7d avg +0.073%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.112% cheaper against Bitget than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZENUSDT	7.7260	0.0065	pay 0.0065% / 8h	1h 04m	$2.8M	$3.5M	50x
Short	KuCoin ZENUSDTM	7.7230	−0.0019	pay 0.0019% / 8h	1h 04m	$4.3M	$5.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$17.64
Price spread: −0.039% → +0.073%: −$11.21
Slippage, 4 orders: −$74.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$127.75
Costs to cover: 0.989%
Break-even: never at this rate

Slippage from Bitget: live order book, 9 min ago; KuCoin: 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 Bitget live order book, 9 min ago	4.55 bp	15.2 bp −$15	32.4 bp −$324	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.25 bp	37.9 bp −$38	85.2 bp −$852	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
OKX ZEN-USDT-SWAP	−0.0056%	4h	7.7280	+0.026%	$2.3M	$5.8M	50x	as long as short
Variational Omni ZEN	−0.0050%	8h	7.7045	−0.279%	$51K	$85K	—	as long as short
KuCoin ZENUSDTMshort	−0.0019%	8h	7.7230	−0.039%	$4.3M	$5.0M	50x
dYdX ZEN-USD	0.0000%	1h	7.7194	−0.085%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0018%	8h	7.7280	+0.026%	$12.3M	$5.6M	200x	as long as short
Binance ZENUSDT	+0.0021%	8h	7.7310	+0.065%	$11.2M	$31.6M	75x	as long as short
Extended ZEN-USD	+0.0024%	1h	7.7293	+0.043%	$25K	$110K	5x	as long as short
Bitget ZENUSDTlong	+0.0065%	8h	7.7260	long leg	$2.8M	$3.5M	50x
BloFin ZEN-USDT	+0.0073%	8h	7.7170	−0.116%	$838K	$1.8M	75x	as long as short
Bybit ZENUSDT	+0.0074%	8h	7.7260	0.000%	$4.7M	$6.4M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0082%	8h	7.7270	+0.013%	—	$3.4M	—	as long as short
ApeX Omni ZENUSDT	+0.0087%	1h	7.7050	−0.272%	$27K	$682K	50x	as long as short
Aster ZENUSDT	+0.0091%	8h	7.7246	−0.018%	$53K	$380K	10x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7512	+0.326%	$2.4M	$1.8M	5x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7122	−0.178%	$575K	$1.6M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7290	+0.039%	$2K	$1.4M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1877%	1h	7.7594	+0.432%	$508K	$1.1M	25x	as long as short