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 +0.050%

Price spread now: BloFin against KuCoin+0.066%95s7-day average −0.049% · you sell dearer than you buy

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−$1131.131% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.329%+$33 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.066%, 7d avg −0.049%

Together, before fees+0.238%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.115% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.049%. The two prices were read 95 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	KuCoin ZENUSDTM	7.5610	0.0100	pay 0.0100% / 8h	4h 35m	$4.0M	$4.4M	50x
Short	BloFin ZEN-USDT	7.5660	0.0220	get 0.0220% / 8h	4h 35m	$838K	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.066%Rate

Funding earned: $25.2
Price spread: +0.066% → −0.049%: $11.47
Slippage, 4 orders: −$89.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$76.41
Costs to cover: 1.131%
Break-even: 28.2 days

Slippage from KuCoin: 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 KuCoin live order book, 2 min ago	5.95 bp	41.7 bp −$42	97.7 bp −$977	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	5.96 bp	15.6 bp −$16	31.2 bp −$312	104.3 bp −$10.4K	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	7.5653	+0.057%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0098%	4h	7.5690	+0.106%	$2.2M	$5.4M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.5581	−0.038%	$52K	$374K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.5700	+0.119%	$10.9M	$30.2M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.5610	0.000%	$4.4M	$5.9M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.5640	+0.040%	$11.5M	$5.1M	200x	as long as short
KuCoin ZENUSDTMlong	+0.0100%	8h	7.5610	long leg	$4.0M	$4.4M	50x
Bitget ZENUSDT	+0.0100%	8h	7.5630	+0.026%	$2.8M	$3.2M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.5680	+0.093%	—	$3.2M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.5442	−0.222%	$54K	$89K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.5650	+0.053%	$575K	$2.0M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.5590	−0.026%	$26K	$688K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.5520	−0.119%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.5670	+0.079%	$24K	$140K	5x	as long as short
BloFin ZEN-USDTshort	+0.0220%	8h	7.5660	+0.066%	$838K	$1.5M	75x
Hyperliquid ZEN	+0.0257%	1h	7.5902	+0.386%	$2.4M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3129%	1h	7.5769	+0.210%	$490K	$1.0M	25x	as long as short