ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.033%

Price spread now: Bitget against Bybit+0.154%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$1031.027% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days−0.101%−$10 · spread now +0.154%, 7d avg +0.040%

Together, before fees−0.031%−$3 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: Bitget is 0.114% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZENUSDT	7.7760	0.0080	pay 0.0080% / 8h	50m 01s	$4.7M	$6.3M	75x
Short	Bitget ZENUSDT	7.7880	0.0088	get 0.0088% / 8h	50m 01s	$2.9M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.154%Rate

Funding earned: $1.77
Price spread: +0.154% → +0.040%: $11.41
Slippage, 4 orders: −$79.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$89.54
Costs to cover: 1.027%
Break-even: 361.9 days

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 3 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 Bybit live order book, 3 min ago	0.64 bp	32.4 bp −$32	151.9 bp −$1,519	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.86 bp	18.7 bp −$19	37.0 bp −$370	doesn't fit	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
Variational Omni ZEN	−0.0040%	8h	7.7765	+0.007%	$52K	$85K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0007%	4h	7.7770	+0.013%	$2.3M	$5.8M	50x	as long as short
KuCoin ZENUSDTM	−0.0003%	8h	7.7900	+0.180%	$4.3M	$5.0M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7890	+0.167%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0043%	8h	7.7860	+0.129%	$12.5M	$5.4M	200x	as long as short
Binance ZENUSDT	+0.0045%	8h	7.7842	+0.106%	$11.2M	$31.6M	75x	as long as short
Extended ZEN-USD	+0.0048%	1h	7.7838	+0.101%	$26K	$118K	5x	as long as short
Bybit ZENUSDTlong	+0.0080%	8h	7.7760	long leg	$4.7M	$6.3M	75x
BingX ZEN-USDT	+0.0085%	8h	7.7840	+0.103%	—	$3.4M	—	as long as short
Bitget ZENUSDTshort	+0.0088%	8h	7.7880	+0.154%	$2.9M	$3.5M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZENUSDT	+0.0100%	8h	7.7941	+0.233%	$53K	$375K	10x	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7789	+0.037%	$588K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7850	+0.116%	$27K	$682K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7930	+0.219%	$2K	$1.4M	20x	as long as short
BloFin ZEN-USDT	+0.0163%	8h	7.7860	+0.129%	$839K	$1.8M	75x	as long as short
Hyperliquid ZEN	+0.0280%	1h	7.8093	+0.428%	$2.5M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2639%	1h	7.8122	+0.465%	$511K	$1.1M	25x	as long as short