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: BingX against BloFin−0.013%81s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as 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−$580.577% of the position
Funding, last 7 days−0.165%−$17 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.013%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.024% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.011%). Swap the legs. 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 | BloFin ZEN-USDT | 7.6790 | 0.0220 | pay 0.0220% / 8h | 4h 19m | $820K | $1.6M | 75x |
| Short | BingX ZEN-USDT | 7.6780 | 0.0100 | get 0.0100% / 8h | 4h 19m | — | $3.1M | — |
BloFin ZEN-USDT
BingX ZEN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: −0.013% → +0.011%
- −$2.4
- Slippage, 4 orders
- −$35.67
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$85.27
- Costs to cover
- 0.577%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; BingX: live order book, 14 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, 3 min ago | 0.65 bp | 12.2 bp −$12 | 23.2 bp −$232 | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 3.30 bp | 14.8 bp −$15 | 44.7 bp −$447 | 174.4 bp −$17.4K | 448.7 bp −$224.4K |
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 | 7.6830 | +0.052% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0086% | 4h | 7.6800 | +0.013% | $2.3M | $5.4M | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6820 | +0.039% | $53K | $373K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6840 | +0.065% | $11.1M | $30.2M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6810 | +0.026% | $4.5M | $5.9M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6800 | +0.013% | $11.7M | $5.1M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.6850 | +0.078% | $4.1M | $4.4M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6810 | +0.026% | $2.9M | $3.2M | 50x | as long as short |
| BingX ZEN-USDTshort | +0.0100% | 8h | 7.6780 | −0.013% | — | $3.1M | — | |
| Variational Omni ZEN | +0.0100% | 8h | 7.6741 | −0.064% | $55K | $89K | — | as long as short |
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
KuCoin ZENUSDTM
Bitget ZENUSDT
Variational Omni ZENShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6695 | −0.123% | $576K | $2.0M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6700 | −0.117% | $27K | $686K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6830 | +0.052% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6781 | −0.011% | $22K | $144K | 5x | as long as short |
| BloFin ZEN-USDTlong | +0.0220% | 8h | 7.6790 | long leg | $820K | $1.6M | 75x | |
| Hyperliquid ZEN | +0.0348% | 1h | 7.7010 | +0.286% | $2.5M | $1.3M | 5x | as long as short |
| Kraken Futures PF_ZENUSD | +0.3079% | 1h | 7.6989 | +0.259% | $498K | $1.0M | 25x | as long as short |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
Hyperliquid ZEN
Kraken Futures PF_ZENUSD