ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.036%

Price spread now: BingX against KuCoin−0.039%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$900.900% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 7 days−0.092%−$9 · spread now −0.039%, 7d avg −0.060%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.021% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZENUSDTM	7.7790	0.0061	pay 0.0061% / 8h	1h 17m	$4.1M	$4.0M	50x
Short	BingX ZEN-USDT	7.7760	0.0100	get 0.0100% / 8h	1h 17m	—	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $8.19
Price spread: −0.039% → −0.060%: $2.12
Slippage, 4 orders: −$68.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$79.7
Costs to cover: 0.900%
Break-even: 75.1 days

Slippage from KuCoin: live order book, 10 min ago; BingX: 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 KuCoin live order book, 10 min ago	2.59 bp	22.1 bp −$22	89.9 bp −$899	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	4.51 bp	15.4 bp −$15	40.0 bp −$400	174.9 bp −$17.5K	432.5 bp −$216.3K

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	7.7782	−0.011%	$9K	—	5x	as long as short
KuCoin ZENUSDTMlong	+0.0061%	8h	7.7790	long leg	$4.1M	$4.0M	50x
Hyperliquid ZEN	+0.0100%	1h	7.8026	+0.303%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7860	+0.090%	$44K	$393K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7768	−0.028%	$11.2M	$30.0M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7760	−0.039%	$4.5M	$5.6M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7760	−0.039%	$2.3M	$5.4M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7750	−0.051%	$12.4M	$5.1M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7770	−0.026%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDTshort	+0.0100%	8h	7.7760	−0.039%	—	$3.0M	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.7481	−0.397%	$55K	$79K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7495	−0.379%	$577K	$2.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7550	−0.309%	$27K	$673K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7740	−0.064%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7739	−0.066%	$22K	$130K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7770	−0.026%	$837K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.2828%	1h	7.7965	+0.225%	$498K	$1.0M	25x	as long as short