ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.04 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.142%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1771.771% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 7 days+0.031%+$3 · spread now +0.142%, 7d avg +0.112%

Together, before fees−0.052%−$5 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: KuCoin is 0.030% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZENUSDT	7.7550	0.0065	pay 0.0065% / 8h	7h 48m	$4.6M	$6.2M	75x
Short	KuCoin ZENUSDTM	7.7660	0.0069	get 0.0069% / 8h	7h 48m	$4.4M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0.88
Price spread: +0.142% → +0.112%: $3.03
Slippage, 4 orders: −$154.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$173.22
Costs to cover: 1.771%
Break-even: 1381.8 days

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 9 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, 4 min ago	1.93 bp	40.6 bp −$41	158.1 bp −$1,581	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	2.57 bp	48.5 bp −$49	79.6 bp −$796	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	−0.0005%	8h	7.7563	+0.017%	$52K	$85K	—	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7594	+0.056%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0043%	4h	7.7480	−0.090%	$2.3M	$5.7M	50x	as long as short
Bybit ZENUSDTlong	+0.0065%	8h	7.7550	long leg	$4.6M	$6.2M	75x
KuCoin ZENUSDTMshort	+0.0069%	8h	7.7660	+0.142%	$4.4M	$4.9M	50x
MEXC ZEN_USDT	+0.0087%	8h	7.7640	+0.116%	$12.5M	$5.3M	200x	as long as short
Extended ZEN-USD	+0.0088%	1h	7.7610	+0.078%	$24K	$119K	5x	as long as short
Binance ZENUSDT	+0.0088%	8h	7.7603	+0.069%	$11.2M	$31.5M	75x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7783	+0.300%	$2.4M	$1.8M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7610	+0.077%	$52K	$378K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZENUSDT	+0.0100%	8h	7.7580	+0.039%	$2.9M	$3.4M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7560	+0.013%	—	$3.3M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7801	+0.324%	$581K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7580	+0.039%	$26K	$684K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7520	−0.039%	$1K	$1.4M	20x	as long as short
BloFin ZEN-USDT	+0.0207%	8h	7.7630	+0.103%	$848K	$1.8M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.2979%	1h	7.7890	+0.438%	$510K	$1.0M	25x	as long as short