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: BingX against BloFin+0.065%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on BloFin Short on BingX

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)−0.198%−$20 · spread now +0.065%, 7d avg +0.001%

Together, before fees−0.363%−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.064% dearer against BloFin than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.001%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZEN-USDT	7.6360	0.0220	pay 0.0220% / 8h	5h 04m	$843K	$1.6M	75x
Short	BingX ZEN-USDT	7.6410	0.0100	get 0.0100% / 8h	5h 04m	—	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$25.2
Price spread: +0.065% → +0.001%: $6.44
Slippage, 4 orders: −$42.09
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$82.84
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; BingX: live order book, 10 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 BloFin live order book, 3 min ago	1.31 bp	15.1 bp −$15	30.9 bp −$309	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	5.85 bp	19.0 bp −$19	39.2 bp −$392	148.1 bp −$14.8K	406.0 bp −$203.0K

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	7.6430	+0.091%	$9K	—	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6415	+0.072%	$53K	$375K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6433	+0.096%	$11.1M	$29.9M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6400	+0.052%	$4.5M	$5.8M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6370	+0.013%	$2.3M	$5.4M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6430	+0.092%	$11.9M	$5.0M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.6390	+0.039%	$4.1M	$4.5M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6380	+0.026%	$2.8M	$3.2M	50x	as long as short
BingX ZEN-USDTshort	+0.0100%	8h	7.6410	+0.065%	—	$3.2M	—
Variational Omni ZEN	+0.0100%	8h	7.6275	−0.111%	$51K	$83K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6746	+0.505%	$573K	$1.9M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6760	+0.524%	$26K	$685K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6320	−0.052%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6414	+0.071%	$25K	$121K	5x	as long as short
BloFin ZEN-USDTlong	+0.0220%	8h	7.6360	long leg	$843K	$1.6M	75x
Hyperliquid ZEN	+0.0356%	1h	7.6597	+0.310%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3206%	1h	7.6632	+0.357%	$501K	$1.0M	25x	as long as short