ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.032%

Price spread now: Binance against KuCoin−0.018%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$940.938% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.123%−$12 · spread now −0.018%, 7d avg −0.043%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.024% dearer against KuCoin than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.043%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.096%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZENUSDTM	7.7230	0.0042	pay 0.0042% / 8h	3h 30m	$4.4M	$5.5M	50x
Short	Binance ZENUSDT	7.7216	0.0032	get 0.0032% / 8h	3h 30m	$10.9M	$35.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$2.17
Price spread: −0.018% → −0.043%: $2.44
Slippage, 4 orders: −$71.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$93.54
Costs to cover: 0.938%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Binance: live order book, 1 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 KuCoin live order book, 3 min ago	1.94 bp	33.4 bp −$33	82.7 bp −$827	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.65 bp	12.2 bp −$12	39.8 bp −$398	291.5 bp −$29.1K	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	−0.0202%	8h	7.6976	−0.329%	$51K	$250K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0042%	4h	7.7170	−0.078%	$2.3M	$7.3M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7219	−0.014%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0031%	8h	7.7240	+0.013%	$12.3M	$6.6M	200x	as long as short
Binance ZENUSDTshort	+0.0032%	8h	7.7216	−0.018%	$10.9M	$35.2M	75x
Extended ZEN-USD	+0.0032%	1h	7.7203	−0.035%	$25K	$110K	5x	as long as short
KuCoin ZENUSDTMlong	+0.0042%	8h	7.7230	long leg	$4.4M	$5.5M	50x
Bitget ZENUSDT	+0.0045%	8h	7.7190	−0.052%	$2.8M	$4.0M	50x	as long as short
Aster ZENUSDT	+0.0074%	8h	7.7219	−0.014%	$40K	$316K	10x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7160	−0.091%	$4.6M	$8.7M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.7200	−0.039%	—	$3.5M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7170	−0.078%	$579K	$1.5M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7060	−0.220%	$27K	$684K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7150	−0.104%	$1K	$1.5M	20x	as long as short
BloFin ZEN-USDT	+0.0127%	8h	7.7150	−0.104%	$828K	$2.1M	75x	as long as short
Hyperliquid ZEN	+0.0242%	1h	7.7452	+0.287%	$2.5M	$2.5M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.1341%	1h	7.7332	+0.132%	$491K	$1.2M	25x	as long as short