ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.63 per $10,000 · paid last 24h −0.022%

Price spread now: KuCoin against MEXC−0.168%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1111.105% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 7 days+0.309%+$31 · spread now −0.168%, 7d avg +0.033%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.201% cheaper against MEXC than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEN_USDT	7.7300	0.0100	pay 0.0100% / 8h	6h 57m	$12.0M	$4.9M	200x
Short	KuCoin ZENUSDTM	7.7170	0.0037	get 0.0037% / 8h	6h 57m	$4.3M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$13.23
Price spread: −0.168% → +0.033%: −$20.12
Slippage, 4 orders: −$94.51
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$143.86
Costs to cover: 1.105%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, just now.

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, 1 min ago	1.30 bp	7.4 bp −$7	32.8 bp −$328	99.6 bp −$9,964	doesn't fit
Sell KuCoin live order book, just now	2.59 bp	45.4 bp −$45	92.8 bp −$928	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
dYdX ZEN-USD	0.0000%	1h	7.7191	−0.141%	$9K	—	5x	as long as short
KuCoin ZENUSDTMshort	+0.0037%	8h	7.7170	−0.168%	$4.3M	$3.6M	50x
Aster ZENUSDT	+0.0100%	8h	7.7267	−0.043%	$43K	$385K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7239	−0.079%	$11.1M	$29.1M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7280	−0.026%	$4.5M	$5.3M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7270	−0.039%	$2.3M	$5.2M	50x	as long as short
MEXC ZEN_USDTlong	+0.0100%	8h	7.7300	long leg	$12.0M	$4.9M	200x
Bitget ZENUSDT	+0.0100%	8h	7.7250	−0.065%	$2.8M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7270	−0.039%	—	$2.9M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.7251	−0.064%	$51K	$55K	—	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	7.7340	+0.052%	$584K	$3.0M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7390	+0.116%	$27K	$666K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7100	−0.259%	$1K	$1.2M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7164	−0.176%	$22K	$236K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7260	−0.052%	$834K	$1.6M	75x	as long as short
Hyperliquid ZEN	+0.0322%	1h	7.7387	+0.113%	$2.4M	$1.2M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.1458%	1h	7.7345	+0.058%	$497K	$686K	25x	as long as short