ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.48 per $10,000 · paid last 24h −0.014%

Price spread now: MEXC against Bitget+0.052%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.052%, 7d avg +0.031%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.021% dearer against Bitget than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.031%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZENUSDT	7.6920	0.0053	pay 0.0053% / 8h	1h 19m	$2.9M	$3.5M	50x
Short	MEXC ZEN_USDT	7.6960	0.0005	get 0.0005% / 8h	1h 19m	$12.2M	$5.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$10.08
Price spread: +0.052% → +0.031%: $2.06
Slippage, 4 orders: −$32.37
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$56.38
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; MEXC: live order book, 4 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 Bitget live order book, 3 min ago	5.19 bp	16.5 bp −$16	23.1 bp −$231	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.95 bp	7.6 bp −$8	15.7 bp −$157	89.9 bp −$8,994	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	−0.0088%	4h	7.6950	+0.039%	$2.3M	$5.8M	50x	as long as short
Variational Omni ZEN	−0.0044%	8h	7.6890	−0.038%	$51K	$150K	—	as long as short
KuCoin ZENUSDTM	−0.0039%	8h	7.6970	+0.065%	$4.3M	$5.0M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7095	+0.227%	$9K	—	5x	as long as short
MEXC ZEN_USDTshort	+0.0005%	8h	7.6960	+0.052%	$12.2M	$5.6M	200x
Binance ZENUSDT	+0.0005%	8h	7.6941	+0.027%	$11.1M	$31.8M	75x	as long as short
Extended ZEN-USD	+0.0008%	1h	7.6916	−0.006%	$25K	$110K	5x	as long as short
Bitget ZENUSDTlong	+0.0053%	8h	7.6920	long leg	$2.9M	$3.5M	50x
BloFin ZEN-USDT	+0.0058%	8h	7.7020	+0.130%	$838K	$1.9M	75x	as long as short
Aster ZENUSDT	+0.0071%	8h	7.6943	+0.030%	$53K	$380K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZENUSDT	+0.0095%	8h	7.6860	−0.078%	$4.7M	$6.6M	75x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7130	+0.273%	$2.4M	$1.8M	5x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7040	+0.156%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6930	+0.013%	$573K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7010	+0.117%	$27K	$682K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6910	−0.013%	$1K	$1.4M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1886%	1h	7.7250	+0.429%	$505K	$1.1M	25x	as long as short