Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.022%
Price spread now: Bybit against Extended+0.023%7-day average −0.023% · 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−$111as in the Price arb table
costs, in and out, $10k−$1161.155% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.023%, 7d avg −0.023%
=Together, before fees−0.054%+ Points / potential airdropExtended: Active · farm board−$5 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: Bybit is 0.046% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ZEN-USD | 7.6663 | 0.0104 | pay 0.0013% / 1h | 23m 48s | $22K | $144K | 5x |
| Short | Bybit ZENUSDT | 7.6680 | 0.0100 | get 0.0100% / 8h | 4h 23m | $4.5M | $5.9M | 75x |
Extended ZEN-USD
Bybit ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$0.84
- Price spread: +0.023% → −0.023%
- $4.61
- Slippage, 4 orders
- −$99.51
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$111.73
- Costs to cover
- 1.155%
- Break-even
- never at this rate
Slippage from Extended: live order book, 32 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 Extended live order book, 32 min ago | 2.30 bp | 19.1 bp −$19 | 195.4 bp −$1,954 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.97 bp | 40.0 bp −$40 | 165.1 bp −$1,651 | 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 | 7.6665 | +0.004% | $9K | — | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6759 | +0.125% | $53K | $374K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6680 | +0.023% | $11.1M | $30.2M | 75x | as long as short |
| Bybit ZENUSDTshort | +0.0100% | 8h | 7.6680 | +0.023% | $4.5M | $5.9M | 75x | |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.6610 | −0.069% | $2.3M | $5.4M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6690 | +0.036% | $11.7M | $5.1M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.6700 | +0.049% | $4.1M | $4.4M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6640 | −0.030% | $2.9M | $3.2M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6670 | +0.010% | — | $3.2M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6501 | −0.211% | $55K | $89K | — | as long as short |
dYdX ZEN-USD
Aster ZENUSDT
Binance ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
KuCoin ZENUSDTM
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 | 7.6440 | −0.290% | $574K | $2.0M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6370 | −0.382% | $26K | $686K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6750 | +0.114% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USDlong | +0.0104% | 1h | 7.6663 | long leg | $22K | $144K | 5x | |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6630 | −0.043% | $819K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0323% | 1h | 7.6932 | +0.351% | $2.5M | $1.3M | 5x | as long as short |
| Kraken Futures PF_ZENUSD | +0.3080% | 1h | 7.6966 | +0.396% | $498K | $1.0M | 25x | as long as short |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Hyperliquid ZEN
Kraken Futures PF_ZENUSD