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 −0.026%

Price spread now: Binance against BloFin−0.466%211s7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as 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−$560.557% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.223%−$22 on $10k

Price spread, last 3 days (all we have)+0.468%+$47 · spread now −0.466%, 7d avg +0.030%

Together, before fees+0.244%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.495% cheaper against BloFin than usual: you would sell low and buy high (−$50 if the spread goes back to its 7-day average of +0.030%). Swap the legs. The two prices were read 211 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	BloFin ZEN-USDT	7.7330	0.0220	pay 0.0220% / 8h	6h 45m	$864K	$1.7M	75x
Short	Binance ZENUSDT	7.6970	0.0100	get 0.0100% / 8h	6h 45m	$11.1M	$31.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.466%Rate

Funding earned: −$25.2
Price spread: −0.466% → +0.030%: −$49.54
Slippage, 4 orders: −$33.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$130.47
Costs to cover: 0.557%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Binance: live order book, 11 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 BloFin live order book, 7 min ago	3.23 bp	11.5 bp −$11	29.1 bp −$291	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.65 bp	15.7 bp −$16	46.9 bp −$469	262.5 bp −$26.2K	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
ApeX Omni ZENUSDT	−0.0059%	1h	7.7370	+0.052%	$26K	$687K	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6958	−0.480%	$9K	—	5x	as long as short
Variational Omni ZEN	+0.0053%	8h	7.6978	−0.455%	$51K	$85K	—	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6950	−0.491%	$55K	$383K	10x	as long as short
Binance ZENUSDTshort	+0.0100%	8h	7.6970	−0.466%	$11.1M	$31.5M	75x
Bybit ZENUSDT	+0.0100%	8h	7.6890	−0.569%	$4.6M	$6.1M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.6890	−0.569%	$2.3M	$5.6M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6950	−0.491%	$12.2M	$5.3M	200x	as long as short
KuCoin ZENUSDTM	+0.0100%	8h	7.6940	−0.504%	$4.4M	$4.7M	50x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.6940	−0.504%	$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-USDT	+0.0100%	8h	7.6990	−0.440%	—	$3.3M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7440	+0.142%	$589K	$1.8M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6960	−0.478%	$1K	$1.4M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6944	−0.499%	$28K	$122K	5x	as long as short
BloFin ZEN-USDTlong	+0.0220%	8h	7.7330	long leg	$864K	$1.7M	75x
Hyperliquid ZEN	+0.0451%	1h	7.7094	−0.305%	$2.4M	$1.7M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3212%	1h	7.7258	−0.093%	$505K	$1.0M	25x	as long as short