ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.014%

Price spread now: BloFin against BingX−0.052%81s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.608% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$17 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.052%, 7d avg −0.013%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.039% cheaper against BingX than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.013%). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$4 a day). The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.6700	0.0100	pay 0.0100% / 8h	3h 27m	—	$3.1M	—
Short	BloFin ZEN-USDT	7.6660	0.0220	get 0.0220% / 8h	3h 27m	$830K	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now −0.052%Rate

Funding earned: $25.2
Price spread: −0.052% → −0.013%: −$3.87
Slippage, 4 orders: −$38.79
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$39.47
Costs to cover: 0.608%
Break-even: 18.0 days

Slippage from BingX: live order book, 7 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 BingX live order book, 7 min ago	4.58 bp	15.5 bp −$15	31.0 bp −$310	298.6 bp −$29.9K	448.0 bp −$224.0K
Sell BloFin live order book, 5 min ago	5.23 bp	15.1 bp −$15	36.1 bp −$361	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	7.6710	+0.013%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0056%	8h	7.6700	0.000%	$4.1M	$4.3M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0075%	4h	7.6650	−0.065%	$2.2M	$5.3M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6714	+0.019%	$44K	$385K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6670	−0.039%	$11.0M	$29.8M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6680	−0.026%	$4.5M	$5.8M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6690	−0.013%	$11.7M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6720	+0.026%	$2.8M	$3.0M	50x	as long as short
BingX ZEN-USDTlong	+0.0100%	8h	7.6700	long leg	—	$3.1M	—
Variational Omni ZEN	+0.0100%	8h	7.6717	+0.022%	$55K	$89K	—	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	7.6672	−0.036%	$575K	$2.2M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6760	+0.078%	$27K	$682K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6770	+0.091%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6655	−0.058%	$25K	$142K	5x	as long as short
Hyperliquid ZEN	+0.0189%	1h	7.6836	+0.177%	$2.5M	$1.3M	5x	as long as short
BloFin ZEN-USDTshort	+0.0220%	8h	7.6660	−0.052%	$830K	$1.6M	75x
Kraken Futures PF_ZENUSD	+0.2332%	1h	7.6906	+0.268%	$496K	$1.0M	25x	as long as short