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 −0.012%

Price spread now: MEXC against BingX−0.065%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.105%+$10 · spread now −0.065%, 7d avg +0.024%

Together, before fees+0.046%+$5 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 0.089% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZEN-USDT	7.6970	0.0100	pay 0.0100% / 8h	6h 44m	—	$3.3M	—
Short	MEXC ZEN_USDT	7.6920	0.0100	get 0.0100% / 8h	6h 44m	$12.2M	$5.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → +0.024%: −$8.92
Slippage, 4 orders: −$38.93
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$61.85
Costs to cover: 0.529%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; MEXC: 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, 5 min ago	3.88 bp	17.0 bp −$17	36.1 bp −$361	324.4 bp −$32.4K	487.0 bp −$243.5K
Sell MEXC live order book, 8 min ago	1.94 bp	10.2 bp −$10	57.7 bp −$577	102.1 bp −$10.2K	203.5 bp −$101.8K

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	+0.221%	$26K	$687K	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6958	−0.015%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0053%	8h	7.6978	+0.010%	$51K	$85K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6875	−0.124%	$55K	$383K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6926	−0.058%	$11.1M	$31.5M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6880	−0.117%	$4.6M	$6.1M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6860	−0.143%	$2.3M	$5.6M	50x	as long as short
MEXC ZEN_USDTshort	+0.0100%	8h	7.6920	−0.065%	$12.2M	$5.3M	200x
KuCoin ZENUSDTM	+0.0100%	8h	7.6920	−0.065%	$4.4M	$4.7M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6930	−0.052%	$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-USDTlong	+0.0100%	8h	7.6970	long leg	—	$3.3M	—
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7440	+0.611%	$589K	$1.8M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6880	−0.117%	$1K	$1.4M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6896	−0.096%	$28K	$122K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7330	+0.468%	$864K	$1.7M	75x	as long as short
Hyperliquid ZEN	+0.0457%	1h	7.7105	+0.175%	$2.4M	$1.7M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3212%	1h	7.7249	+0.362%	$505K	$1.0M	25x	as long as short