ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0121%/8h= +13.2% APRnext payment +$1.21 per $10,000 · paid last 24h +0.026%

Price spread now: BloFin against MEXC−0.116%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 3 days (all we have)+0.094%+$9 · spread now −0.116%, 7d avg −0.029%

Together, before fees+0.318%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.087% cheaper against MEXC than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.029%). If the spread goes back, that is −$9 on $10k: about 2.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEN_USDT	7.7900	0.0053	pay 0.0053% / 8h	41m 08s	$12.5M	$5.4M	200x
Short	BloFin ZEN-USDT	7.7810	0.0174	get 0.0174% / 8h	41m 08s	$846K	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against MEXC. 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 MEXCbpFee BloFinbpOrdersPrice spread, now −0.116%Rate

Funding earned: $25.37
Price spread: −0.116% → −0.029%: −$8.7
Slippage, 4 orders: −$28.61
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.94
Costs to cover: 0.446%
Break-even: 14.7 days

Slippage from MEXC: 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 MEXC live order book, 2 min ago	1.28 bp	7.6 bp −$8	16.4 bp −$164	77.0 bp −$7,696	171.2 bp −$85.6K
Sell BloFin live order book, 2 min ago	2.57 bp	11.1 bp −$11	25.4 bp −$254	90.0 bp −$8,998	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	−0.0031%	8h	7.7815	−0.109%	$52K	$85K	—	as long as short
KuCoin ZENUSDTM	−0.0002%	8h	7.7870	−0.039%	$4.3M	$4.9M	50x	as long as short
OKX ZEN-USDT-SWAP	−0.0002%	4h	7.7840	−0.077%	$2.3M	$5.9M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7846	−0.070%	$9K	—	5x	as long as short
MEXC ZEN_USDTlong	+0.0053%	8h	7.7900	long leg	$12.5M	$5.4M	200x
Binance ZENUSDT	+0.0054%	8h	7.7910	+0.013%	$11.3M	$31.5M	75x	as long as short
Extended ZEN-USD	+0.0056%	1h	7.7882	−0.023%	$26K	$118K	5x	as long as short
Bybit ZENUSDT	+0.0070%	8h	7.7820	−0.103%	$4.7M	$6.3M	75x	as long as short
BingX ZEN-USDT	+0.0094%	8h	7.7840	−0.077%	—	$3.4M	—	as long as short
Bitget ZENUSDT	+0.0097%	8h	7.7850	−0.064%	$2.9M	$3.5M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZENUSDT	+0.0100%	8h	7.7902	+0.003%	$53K	$375K	10x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7910	+0.013%	$591K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7910	+0.013%	$27K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7910	+0.013%	$1K	$1.4M	20x	as long as short
BloFin ZEN-USDTshort	+0.0174%	8h	7.7810	−0.116%	$846K	$1.8M	75x
Hyperliquid ZEN	+0.0419%	1h	7.8081	+0.232%	$2.5M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2635%	1h	7.8221	+0.412%	$512K	$1.0M	25x	as long as short