ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0148%/8h= +16.2% APRnext payment +$1.48 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against KuCoin+0.013%7-day average −0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1411.414% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 7 days−0.181%−$18 · spread now +0.013%, 7d avg −0.105%

Together, before fees−0.084%−$8 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 Bybit is 0.118% dearer against KuCoin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZENUSDTM	7.5720	−0.0048	get 0.0048% / 8h	5h 03m	$4.1M	$3.3M	50x
Short	Bybit ZENUSDT	7.5730	0.0100	get 0.0100% / 8h	5h 03m	$4.4M	$4.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.013%Rate

Funding earned: $31.08
Price spread: +0.013% → −0.105%: $11.81
Slippage, 4 orders: −$118.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$98.51
Costs to cover: 1.414%
Break-even: 29.2 days

Slippage from KuCoin: live order book, 2 min ago; Bybit: 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	4.62 bp	35.3 bp −$35	93.7 bp −$937	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.30 bp	39.4 bp −$39	153.6 bp −$1,536	doesn't fit	doesn't fit

ZEN on 17 exchanges

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
KuCoin ZENUSDTMlong	−0.0048%	8h	7.5720	long leg	$4.1M	$3.3M	50x
dYdX ZEN-USD	0.0000%	1h	7.5798	+0.102%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0072%	4h	7.5730	+0.013%	$2.2M	$4.8M	50x	as long as short
ApeX Omni ZENUSDT	+0.0078%	1h	7.5750	+0.040%	$26K	$663K	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.5919	+0.263%	$2.4M	$991K	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.5705	−0.020%	$34K	$384K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.5730	+0.013%	$10.8M	$27.9M	75x	as long as short
Bybit ZENUSDTshort	+0.0100%	8h	7.5730	+0.013%	$4.4M	$4.8M	75x
MEXC ZEN_USDT	+0.0100%	8h	7.5710	−0.013%	$11.9M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.5640	−0.106%	$2.8M	$2.8M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.5730	+0.013%	—	$2.8M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.5675	−0.060%	$50K	$54K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.5749	+0.038%	$565K	$3.4M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.5820	+0.132%	$1K	$1.2M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.5720	−0.001%	$22K	$240K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.5770	+0.066%	$822K	$1.5M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.1159%	1h	7.5912	+0.254%	$488K	$605K	25x	as long as short