ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.65 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against MEXC−0.026%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$870.868% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days−0.019%−$2 · spread now −0.026%, 7d avg −0.071%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.045% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEN_USDT	7.7000	0.0013	pay 0.0013% / 8h	1h 07m	$12.2M	$5.6M	200x
Short	Bybit ZENUSDT	7.6980	0.0078	get 0.0078% / 8h	1h 07m	$4.7M	$6.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.026%Rate

Funding earned: $13.7
Price spread: −0.026% → −0.071%: $4.54
Slippage, 4 orders: −$71.81
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.57
Costs to cover: 0.868%
Break-even: 42.0 days

Slippage from MEXC: live order book, 6 min ago; Bybit: live order book, 6 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, 6 min ago	0.65 bp	6.5 bp −$7	17.5 bp −$175	87.8 bp −$8,783	doesn't fit
Sell Bybit live order book, 6 min ago	3.25 bp	36.2 bp −$36	168.3 bp −$1,683	doesn't fit	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
OKX ZEN-USDT-SWAP	−0.0071%	4h	7.7030	+0.039%	$2.3M	$5.8M	50x	as long as short
Variational Omni ZEN	−0.0049%	8h	7.6855	−0.189%	$51K	$85K	—	as long as short
KuCoin ZENUSDTM	−0.0029%	8h	7.7020	+0.026%	$4.3M	$5.0M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6970	−0.039%	$9K	—	5x	as long as short
MEXC ZEN_USDTlong	+0.0013%	8h	7.7000	long leg	$12.2M	$5.6M	200x
Extended ZEN-USD	+0.0016%	1h	7.6945	−0.072%	$25K	$110K	5x	as long as short
Binance ZENUSDT	+0.0016%	8h	7.7030	+0.039%	$11.1M	$31.6M	75x	as long as short
BloFin ZEN-USDT	+0.0056%	8h	7.7030	+0.039%	$839K	$1.8M	75x	as long as short
Bitget ZENUSDT	+0.0060%	8h	7.6960	−0.052%	$2.8M	$3.5M	50x	as long as short
Bybit ZENUSDTshort	+0.0078%	8h	7.6980	−0.026%	$4.7M	$6.4M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0082%	8h	7.7020	+0.026%	—	$3.4M	—	as long as short
Aster ZENUSDT	+0.0088%	8h	7.6987	−0.017%	$53K	$380K	10x	as long as short
ApeX Omni ZENUSDT	+0.0096%	1h	7.7120	+0.156%	$27K	$683K	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7203	+0.264%	$2.4M	$1.8M	5x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7122	+0.159%	$575K	$1.6M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7010	+0.013%	$1K	$1.4M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1884%	1h	7.7313	+0.407%	$506K	$1.1M	25x	as long as short