Funding you earn now, next payment 00:00 UTC+0.0034%/8h= +3.8% APRnext payment +$0.34 per $10,000 · paid last 24h −0.012%
Price spread now: Bitget against BloFin+0.169%55s7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$610.615% of the position
Funding, last 7 days−0.165%−$17 on $10k
+Price spread, last 3 days (all we have)−0.193%−$19 · spread now +0.169%, 7d avg +0.006%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.163% dearer against BloFin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.165%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZEN-USDT | 7.6900 | 0.0021 | pay 0.0021% / 8h | 1h 16m | $835K | $1.9M | 75x |
| Short | Bitget ZENUSDT | 7.7030 | 0.0055 | get 0.0055% / 8h | 1h 16m | $2.8M | $3.5M | 50x |
BloFin ZEN-USDT
Bitget ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- $7.2
- Price spread: +0.169% → +0.006%
- $16.33
- Slippage, 4 orders
- −$37.49
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$37.96
- Costs to cover
- 0.615%
- Break-even
- 43.9 days
Slippage from BloFin: live order book, 1 min ago; Bitget: 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 BloFin live order book, 1 min ago | 6.50 bp | 14.8 bp −$15 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 3.25 bp | 14.6 bp −$15 | 27.4 bp −$274 | 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 | −0.0085% | 4h | 7.7030 | +0.169% | $2.3M | $5.8M | 50x | as long as short |
| Variational Omni ZEN | −0.0044% | 8h | 7.6890 | −0.012% | $51K | $150K | — | as long as short |
| KuCoin ZENUSDTM | −0.0037% | 8h | 7.7000 | +0.130% | $4.3M | $5.0M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.6971 | +0.093% | $9K | — | 5x | as long as short |
| Binance ZENUSDT | +0.0005% | 8h | 7.7061 | +0.209% | $11.1M | $31.7M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0005% | 8h | 7.7070 | +0.221% | $12.2M | $5.6M | 200x | as long as short |
| Extended ZEN-USD | +0.0008% | 1h | 7.7047 | +0.191% | $25K | $110K | 5x | as long as short |
| BloFin ZEN-USDTlong | +0.0021% | 8h | 7.6900 | long leg | $835K | $1.9M | 75x | |
| Bitget ZENUSDTshort | +0.0055% | 8h | 7.7030 | +0.169% | $2.8M | $3.5M | 50x | |
| Aster ZENUSDT | +0.0074% | 8h | 7.6972 | +0.094% | $53K | $380K | 10x | as long as short |
OKX ZEN-USDT-SWAP
Variational Omni ZEN
KuCoin ZENUSDTM
dYdX ZEN-USD
Binance ZENUSDT
MEXC ZEN_USDT
Extended ZEN-USD
Aster ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZENUSDT | +0.0092% | 8h | 7.7000 | +0.130% | $4.7M | $6.4M | 75x | as long as short |
| BingX ZEN-USDT | +0.0095% | 8h | 7.7060 | +0.208% | — | $3.4M | — | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.7253 | +0.459% | $2.4M | $1.8M | 5x | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6960 | +0.078% | $574K | $1.6M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7010 | +0.143% | $27K | $682K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7020 | +0.156% | $1K | $1.4M | 20x | as long as short |
| Kraken Futures PF_ZENUSD | +0.1883% | 1h | 7.7355 | +0.592% | $506K | $1.1M | 25x | as long as short |
Bybit ZENUSDT
BingX ZEN-USDT
Hyperliquid ZEN
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Kraken Futures PF_ZENUSD