Funding you earn now, next payment 08:00 UTC+0.1198%/8h= +131.2% APRpaid last 24h +0.027%
Price spread now: BloFin against ApeX Omni+0.195%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$520.520% of the position
Funding, last 7 days+0.237%+$24 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.195%, 7d avg −0.062%
=Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and BloFin is 0.257% dearer against ApeX Omni than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.062%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.237% in total (about 12.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ZENUSDT | 7.6970 | −0.0978 | get 0.0122% / 1h | 52m 28s | $27K | $670K | 50x |
| Short | BloFin ZEN-USDT | 7.7120 | 0.0220 | get 0.0220% / 8h | 52m 28s | $838K | $1.6M | 75x |
ApeX Omni ZENUSDT
BloFin ZEN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $251.65
- Price spread: +0.195% → −0.062%
- $25.66
- Slippage, 4 orders
- −$29.95
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $225.35
- Costs to cover
- 0.520%
- Break-even
- 0.7 days
Slippage from ApeX Omni: live order book, 51 min ago; BloFin: live order book, 5 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 ApeX Omni live order book, 51 min ago | 6.47 bp | 14.0 bp −$14 | 96.2 bp −$962 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 1.95 bp | 9.2 bp −$9 | 20.8 bp −$208 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZENUSDTlong | −0.0978% | 1h | 7.6970 | long leg | $27K | $670K | 50x | |
| KuCoin ZENUSDTM | −0.0002% | 8h | 7.7200 | +0.299% | $4.1M | $3.9M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7227 | +0.334% | $9K | — | 5x | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.7372 | +0.522% | $2.4M | $1.3M | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7246 | +0.358% | $43K | $391K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7208 | +0.309% | $11.1M | $29.6M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7180 | +0.273% | $4.5M | $5.6M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.7180 | +0.273% | $2.3M | $5.3M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7230 | +0.338% | $12.2M | $4.9M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7210 | +0.312% | $2.9M | $3.0M | 50x | as long as short |
KuCoin ZENUSDTM
dYdX ZEN-USD
Hyperliquid ZEN
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEN-USDT | +0.0100% | 8h | 7.7220 | +0.325% | — | $2.9M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6861 | −0.142% | $54K | $69K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7130 | +0.208% | $575K | $2.7M | 10x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7270 | +0.390% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.7193 | +0.290% | $22K | $170K | 5x | as long as short |
| BloFin ZEN-USDTshort | +0.0220% | 8h | 7.7120 | +0.195% | $838K | $1.6M | 75x | |
| Kraken Futures PF_ZENUSD | +0.2233% | 1h | 7.7328 | +0.465% | $494K | $875K | 25x | as long as short |
BingX ZEN-USDT
Variational Omni ZEN
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
Kraken Futures PF_ZENUSD