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: MEXC against BloFin−0.026%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.026%, 7d avg +0.048%

Together, before fees−0.177%−$18 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 MEXC is 0.074% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.048%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ZEN-USDT	7.7440	0.0220	pay 0.0220% / 8h	2h 07m	$821K	$1.6M	75x
Short	MEXC ZEN_USDT	7.7420	0.0100	get 0.0100% / 8h	2h 07m	$11.9M	$5.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$25.2
Price spread: −0.026% → +0.048%: −$7.42
Slippage, 4 orders: −$23.23
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$71.85
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; MEXC: live order book, 1 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, 6 min ago	2.58 bp	11.7 bp −$12	30.8 bp −$308	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.94 bp	8.5 bp −$9	24.4 bp −$244	87.6 bp −$8,757	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	7.7282	−0.204%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0088%	4h	7.7270	−0.220%	$2.3M	$5.4M	50x	as long as short
KuCoin ZENUSDTM	+0.0091%	8h	7.7400	−0.052%	$4.1M	$4.1M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7405	−0.045%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7351	−0.115%	$43K	$392K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7327	−0.146%	$11.2M	$30.3M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7280	−0.207%	$4.5M	$5.7M	75x	as long as short
MEXC ZEN_USDTshort	+0.0100%	8h	7.7420	−0.026%	$11.9M	$5.0M	200x
Bitget ZENUSDT	+0.0100%	8h	7.7360	−0.103%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7340	−0.129%	—	$3.1M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.7331	−0.140%	$55K	$88K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7567	+0.164%	$582K	$2.5M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7410	−0.039%	$27K	$676K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7280	−0.207%	$1K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7344	−0.123%	$25K	$132K	5x	as long as short
BloFin ZEN-USDTlong	+0.0220%	8h	7.7440	long leg	$821K	$1.6M	75x
Kraken Futures PF_ZENUSD	+0.3053%	1h	7.7683	+0.314%	$496K	$1.0M	25x	as long as short