Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0008%/8hnext payment −$0.08 per $10,000 · paid last 24h −0.058%

Price spread now: KuCoin against BloFin−0.144%80s7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as 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−$950.947% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.318%−$32 on $10k

Price spread, last 3 days (all we have)+0.158%+$16 · spread now −0.144%, 7d avg +0.031%

Together, before fees−0.160%−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.175% cheaper against BloFin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.031%. The two prices were read 80 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	7.6540	0.0041	pay 0.0041% / 8h	4h 23m	$850K	$2.3M	75x
Short	KuCoin ZENUSDTM	7.6430	0.0033	get 0.0033% / 8h	4h 23m	$4.3M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.144%Rate

Funding earned: −$1.75
Price spread: −0.144% → +0.031%: −$17.51
Slippage, 4 orders: −$70.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$113.99
Costs to cover: 0.947%
Break-even: never at this rate

Slippage from BloFin: live order book, 8 min ago; KuCoin: live order book, 8 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, 8 min ago	2.62 bp	14.1 bp −$14	27.9 bp −$279	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	1.31 bp	29.3 bp −$29	79.4 bp −$794	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
Variational Omni ZEN	−0.0273%	8h	7.6215	−0.425%	$51K	$270K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0196%	4h	7.6270	−0.353%	$2.3M	$8.5M	50x	as long as short
Bybit ZENUSDT	−0.0012%	8h	7.6330	−0.274%	$4.6M	$10.9M	75x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6594	+0.071%	$9K	—	5x	as long as short
Extended ZEN-USD	0.0000%	1h	7.6383	−0.205%	$25K	$110K	5x	as long as short
ApeX Omni ZENUSDT	0.0000%	1h	7.6240	−0.392%	$27K	$692K	50x	as long as short
MEXC ZEN_USDT	+0.0001%	8h	7.6330	−0.274%	$12.2M	$7.4M	200x	as long as short
Binance ZENUSDT	+0.0002%	8h	7.6330	−0.274%	$10.8M	$40.4M	75x	as long as short
Aster ZENUSDT	+0.0026%	8h	7.6407	−0.174%	$40K	$328K	10x	as long as short
Bitget ZENUSDT	+0.0032%	8h	7.6290	−0.327%	$2.8M	$4.4M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZENUSDTMshort	+0.0033%	8h	7.6430	−0.144%	$4.3M	$5.8M	50x
BingX ZEN-USDT	+0.0034%	8h	7.6390	−0.196%	—	$3.6M	—	as long as short
BloFin ZEN-USDTlong	+0.0041%	8h	7.6540	long leg	$850K	$2.3M	75x
Hyperliquid ZEN	+0.0100%	1h	7.6506	−0.044%	$2.4M	$2.7M	5x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6240	−0.392%	$570K	$1.3M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6440	−0.131%	$1K	$1.7M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1173%	1h	7.6591	+0.067%	$482K	$1.2M	25x	as long as short