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 −0.049%

Price spread now: Bybit against BloFin−0.301%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1051.045% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.246%−$25 on $10k

Price spread, last 4 days (all we have)+0.301%+$30 · spread now −0.301%, 7d avg −0.027%

Together, before fees+0.055%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.274% cheaper against BloFin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZEN-USDT	7.6320	0.0220	pay 0.0220% / 8h	2h 28m	$828K	$1.5M	75x
Short	Bybit ZENUSDT	7.6090	0.0100	get 0.0100% / 8h	2h 28m	$4.4M	$5.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.301%Rate

Funding earned: −$25.2
Price spread: −0.301% → −0.027%: −$27.4
Slippage, 4 orders: −$81.55
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$157.14
Costs to cover: 1.045%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Bybit: 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 BloFin live order book, 4 min ago	5.26 bp	14.3 bp −$14	27.9 bp −$279	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.29 bp	38.3 bp −$38	162.7 bp −$1,627	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	7.6224	−0.126%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0060%	4h	7.6130	−0.249%	$2.2M	$5.2M	50x	as long as short
KuCoin ZENUSDTM	+0.0063%	8h	7.6170	−0.197%	$4.0M	$4.1M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6275	−0.059%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6171	−0.195%	$43K	$388K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6130	−0.249%	$10.9M	$29.8M	75x	as long as short
Bybit ZENUSDTshort	+0.0100%	8h	7.6090	−0.301%	$4.4M	$5.7M	75x
MEXC ZEN_USDT	+0.0100%	8h	7.6130	−0.249%	$11.5M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6190	−0.170%	$2.8M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6200	−0.157%	—	$3.1M	—	as long as short

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	−0.546%	$54K	$89K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6025	−0.387%	$568K	$2.4M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.5890	−0.563%	$26K	$679K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6390	+0.092%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6100	−0.288%	$22K	$134K	5x	as long as short
BloFin ZEN-USDTlong	+0.0220%	8h	7.6320	long leg	$828K	$1.5M	75x
Kraken Futures PF_ZENUSD	+0.3101%	1h	7.6491	+0.224%	$489K	$1.0M	25x	as long as short