Funding you earn now, next payment 08:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h −0.025%
Price spread now: OKX against Bybit+0.026%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1131.128% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now +0.026%, 7d avg +0.034%
=The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZENUSDT | 7.6310 | 0.0100 | pay 0.0100% / 8h | 3h 45m | $4.5M | $5.8M | 75x |
| Short | OKX ZEN-USDT-SWAP | 7.6330 | 0.0043 | get 0.0021% / 4h | 3h 45m | $2.2M | $5.3M | 50x |
Bybit ZENUSDT
OKX ZEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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
- −$11.99
- Price spread: +0.026% → +0.034%
- −$0.79
- Slippage, 4 orders
- −$91.76
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$125.54
- Costs to cover
- 1.128%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; OKX: 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 | 3.28 bp | 37.6 bp −$38 | 153.1 bp −$1,531 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.97 bp | 19.7 bp −$20 | 67.5 bp −$675 | 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 | 7.6437 | +0.166% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0042% | 8h | 7.6310 | 0.000% | $4.1M | $4.3M | 50x | as long as short |
| OKX ZEN-USDT-SWAPshort | +0.0043% | 4h | 7.6330 | +0.026% | $2.2M | $5.3M | 50x | |
| Aster ZENUSDT | +0.0100% | 8h | 7.6277 | −0.043% | $48K | $381K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6330 | +0.026% | $10.9M | $30.3M | 75x | as long as short |
| Bybit ZENUSDTlong | +0.0100% | 8h | 7.6310 | long leg | $4.5M | $5.8M | 75x | |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6310 | 0.000% | $11.5M | $5.0M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6280 | −0.039% | $2.8M | $3.1M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6340 | +0.039% | — | $3.1M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6332 | +0.028% | $54K | $89K | — | as long as short |
dYdX ZEN-USD
KuCoin ZENUSDTM
Aster ZENUSDT
Binance ZENUSDT
MEXC ZEN_USDT
Bitget ZENUSDT
BingX ZEN-USDT
Variational Omni ZENShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6390 | +0.105% | $574K | $2.2M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6350 | +0.052% | $26K | $681K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6400 | +0.118% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6319 | +0.011% | $25K | $147K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6360 | +0.066% | $827K | $1.5M | 75x | as long as short |
| Hyperliquid ZEN | +0.0231% | 1h | 7.6440 | +0.170% | $2.5M | $1.3M | 5x | as long as short |
| Kraken Futures PF_ZENUSD | +0.2343% | 1h | 7.6548 | +0.312% | $494K | $1.0M | 25x | as long as short |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN
Kraken Futures PF_ZENUSD