Funding arb · Price arb /

ZEN

all ZEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.039%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.039%, 7d avg 0.000%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.039% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZENUSDT	7.6780	0.0100	pay 0.0100% / 8h	6h 41m	$11.1M	$31.5M	75x
Short	MEXC ZEN_USDT	7.6750	0.0100	get 0.0100% / 8h	6h 41m	$12.1M	$5.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → 0.000%: −$3.94
Slippage, 4 orders: −$29.28
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$47.22
Costs to cover: 0.433%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; MEXC: live order book, 1 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 Binance live order book, 14 min ago	0.65 bp	14.8 bp −$15	39.3 bp −$393	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.65 bp	4.8 bp −$5	39.4 bp −$394	87.7 bp −$8,775	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 ZENUSDT	−0.0119%	1h	7.7140	+0.469%	$26K	$687K	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6808	+0.036%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0053%	8h	7.6978	+0.258%	$51K	$85K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6795	+0.019%	$55K	$383K	10x	as long as short
Binance ZENUSDTlong	+0.0100%	8h	7.6780	long leg	$11.1M	$31.5M	75x
Bybit ZENUSDT	+0.0100%	8h	7.6710	−0.091%	$4.6M	$6.1M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6740	−0.052%	$2.3M	$5.6M	50x	as long as short
MEXC ZEN_USDTshort	+0.0100%	8h	7.6750	−0.039%	$12.1M	$5.3M	200x
KuCoin ZENUSDTM	+0.0100%	8h	7.6750	−0.039%	$4.4M	$4.7M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6770	−0.013%	$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
BingX ZEN-USDT	+0.0100%	8h	7.6820	+0.052%	—	$3.3M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6920	+0.182%	$573K	$1.8M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6690	−0.117%	$1K	$1.4M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6763	−0.023%	$27K	$122K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7330	+0.716%	$864K	$1.7M	75x	as long as short
Hyperliquid ZEN	+0.0477%	1h	7.6977	+0.257%	$2.4M	$1.7M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3223%	1h	7.7007	+0.295%	$504K	$1.0M	25x	as long as short