ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.50 per $10,000 · paid last 24h −0.060%

Price spread now: Variational Omni against Binance−0.275%7-day average −0.078% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.136%−$14 on $10k

Price spread, last 3 days (all we have)+0.583%+$58 · spread now −0.275%, 7d avg −0.078%

Together, before fees+0.447%+ Points / potential airdropVariational Omni: Active · farm board+$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.197% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.078%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZENUSDT	7.6827	−0.0004	get 0.0004% / 8h	1h 28m	$11.1M	$31.9M	75x
Short	Variational Omni ZEN	7.6615	−0.0053	pay 0.0053% / 8h	1h 28m	$51K	$150K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.275%Rate

Funding earned: −$10.45
Price spread: −0.275% → −0.078%: −$19.69
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$40.13
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; Variational Omni: RFQ quote, 56 min ago. Net counts fees only.

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, 13 min ago	1.30 bp	14.2 bp −$14	39.6 bp −$396	402.0 bp −$40.2K	doesn't fit
Sell Variational Omni RFQ quote, 56 min ago	5.96 bp	doesn't fit	169.3 bp −$1,693	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	−0.0116%	4h	7.6710	−0.152%	$2.3M	$5.8M	50x	as long as short
Variational Omni ZENshort	−0.0053%	8h	7.6615	−0.275%	$51K	$150K	—
KuCoin ZENUSDTM	−0.0044%	8h	7.6810	−0.022%	$4.3M	$5.0M	50x	as long as short
Binance ZENUSDTlong	−0.0004%	8h	7.6827	long leg	$11.1M	$31.9M	75x
MEXC ZEN_USDT	−0.0002%	8h	7.6830	+0.004%	$12.2M	$5.6M	200x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6785	−0.054%	$9K	—	5x	as long as short
Extended ZEN-USD	0.0000%	1h	7.6826	−0.001%	$25K	$110K	5x	as long as short
Bitget ZENUSDT	+0.0043%	8h	7.6820	−0.009%	$2.8M	$3.5M	50x	as long as short
Aster ZENUSDT	+0.0063%	8h	7.6820	−0.009%	$53K	$380K	10x	as long as short
BingX ZEN-USDT	+0.0099%	8h	7.6800	−0.035%	—	$3.4M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZEN	+0.0100%	1h	7.6943	+0.151%	$2.4M	$1.8M	5x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6770	−0.074%	$4.7M	$6.6M	75x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6603	−0.291%	$579K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6830	+0.004%	$27K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6840	+0.017%	$1K	$1.4M	20x	as long as short
BloFin ZEN-USDT	+0.0113%	8h	7.6710	−0.152%	$840K	$1.9M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.1891%	1h	7.7038	+0.275%	$504K	$1.1M	25x	as long as short