ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.036%

Price spread now: KuCoin against BingX−0.039%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1201.196% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 7 days+0.169%+$17 · spread now −0.039%, 7d avg +0.060%

Together, before fees+0.005%+$1 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 0.099% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.7370	0.0100	pay 0.0100% / 8h	1h 29m	—	$3.1M	—
Short	KuCoin ZENUSDTM	7.7340	0.0050	get 0.0050% / 8h	1h 29m	$4.1M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$10.5
Price spread: −0.039% → +0.060%: −$9.86
Slippage, 4 orders: −$97.56
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$139.92
Costs to cover: 1.196%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 8 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, 10 min ago	4.55 bp	15.9 bp −$16	38.4 bp −$384	274.9 bp −$27.5K	455.5 bp −$227.8K
Sell KuCoin live order book, 8 min ago	3.89 bp	29.9 bp −$30	86.4 bp −$864	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	7.7389	+0.024%	$9K	—	5x	as long as short
KuCoin ZENUSDTMshort	+0.0050%	8h	7.7340	−0.039%	$4.1M	$4.0M	50x
OKX ZEN-USDT-SWAP	+0.0077%	4h	7.7310	−0.078%	$2.3M	$5.4M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7526	+0.202%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7373	+0.004%	$44K	$393K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7362	−0.010%	$11.1M	$30.2M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7320	−0.065%	$4.5M	$5.6M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7360	−0.013%	$12.4M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7310	−0.078%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDTlong	+0.0100%	8h	7.7370	long leg	—	$3.1M	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.7171	−0.257%	$55K	$83K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7340	−0.039%	$579K	$2.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7180	−0.246%	$27K	$674K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7370	0.000%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7340	−0.039%	$22K	$133K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7180	−0.246%	$838K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.2843%	1h	7.7559	+0.244%	$496K	$1.0M	25x	as long as short