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: BloFin against Bybit−0.078%82s7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as 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−$1051.051% of the position

Long on Bybit Short on BloFin

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)+0.085%+$8 · spread now −0.078%, 7d avg +0.030%

Together, before fees+0.331%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.107% cheaper against Bybit than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.030%). If the spread goes back, that is −$11 on $10k: about 3.0 days of funding at the current rate (+$4 a day). The two prices were read 82 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	Bybit ZENUSDT	7.7320	0.0100	pay 0.0100% / 8h	1h 45m	$4.5M	$5.7M	75x
Short	BloFin ZEN-USDT	7.7260	0.0220	get 0.0220% / 8h	1h 45m	$835K	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now −0.078%Rate

Funding earned: $25.2
Price spread: −0.078% → +0.030%: −$10.72
Slippage, 4 orders: −$82.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$90.57
Costs to cover: 1.051%
Break-even: 32.2 days

Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 2 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 Bybit live order book, 2 min ago	3.24 bp	39.9 bp −$40	320.1 bp −$3,201	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	1.94 bp	13.0 bp −$13	32.9 bp −$329	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	7.7277	−0.055%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0054%	4h	7.7280	−0.052%	$2.3M	$5.4M	50x	as long as short
KuCoin ZENUSDTM	+0.0071%	8h	7.7390	+0.091%	$4.1M	$4.1M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7476	+0.202%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7402	+0.106%	$44K	$393K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7400	+0.104%	$11.2M	$30.2M	75x	as long as short
Bybit ZENUSDTlong	+0.0100%	8h	7.7320	long leg	$4.5M	$5.7M	75x
MEXC ZEN_USDT	+0.0100%	8h	7.7400	+0.103%	$11.9M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7340	+0.026%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7320	0.000%	—	$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	7.7002	−0.411%	$55K	$88K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7180	−0.181%	$584K	$2.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7350	+0.039%	$27K	$675K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7330	+0.013%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7363	+0.055%	$22K	$129K	5x	as long as short
BloFin ZEN-USDTshort	+0.0220%	8h	7.7260	−0.078%	$835K	$1.6M	75x
Kraken Futures PF_ZENUSD	+0.2841%	1h	7.7596	+0.357%	$496K	$1.0M	25x	as long as short