Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.28 per $10,000 · paid last 24h +0.019%
Price spread now: MEXC against Bybit+0.064%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1001.002% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 7 days−0.009%−$1 · spread now +0.064%, 7d avg +0.072%
=The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZENUSDT | 7.7780 | 0.0044 | pay 0.0044% / 8h | 18m 39s | $4.7M | $6.3M | 75x |
| Short | MEXC ZEN_USDT | 7.7830 | 0.0072 | get 0.0072% / 8h | 18m 39s | $12.6M | $5.5M | 200x |
Bybit ZENUSDT
MEXC ZEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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
- $5.84
- Price spread: +0.064% → +0.072%
- −$0.78
- Slippage, 4 orders
- −$85.2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$95.14
- Costs to cover
- 1.002%
- Break-even
- 121.0 days
Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 5 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 | 0.64 bp | 39.2 bp −$39 | 152.3 bp −$1,523 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.93 bp | 7.4 bp −$7 | 19.8 bp −$198 | 93.8 bp −$9,383 | 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 | −0.0050% | 8h | 7.7750 | −0.039% | $52K | $85K | — | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7825 | +0.058% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0011% | 4h | 7.7670 | −0.141% | $2.3M | $5.8M | 50x | as long as short |
| KuCoin ZENUSDTM | +0.0028% | 8h | 7.7810 | +0.039% | $4.5M | $4.9M | 50x | as long as short |
| Bybit ZENUSDTlong | +0.0044% | 8h | 7.7780 | long leg | $4.7M | $6.3M | 75x | |
| Extended ZEN-USD | +0.0072% | 1h | 7.7808 | +0.036% | $25K | $118K | 5x | as long as short |
| MEXC ZEN_USDTshort | +0.0072% | 8h | 7.7830 | +0.064% | $12.6M | $5.5M | 200x | |
| Binance ZENUSDT | +0.0074% | 8h | 7.7804 | +0.031% | $11.2M | $31.5M | 75x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7849 | +0.088% | $53K | $375K | 10x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7840 | +0.077% | $2.9M | $3.5M | 50x | as long as short |
Variational Omni ZEN
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
Extended ZEN-USD
Binance ZENUSDT
Aster ZENUSDT
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEN-USDT | +0.0100% | 8h | 7.7790 | +0.013% | — | $3.3M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7720 | −0.077% | $580K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7600 | −0.231% | $27K | $683K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7840 | +0.077% | $1K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0193% | 8h | 7.7820 | +0.051% | $848K | $1.8M | 75x | as long as short |
| Hyperliquid ZEN | +0.0430% | 1h | 7.7986 | +0.265% | $2.5M | $1.8M | 5x | as long as short |
| Kraken Futures PF_ZENUSD | +0.2638% | 1h | 7.8153 | +0.480% | $511K | $1.0M | 25x | as long as short |
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Hyperliquid ZEN
Kraken Futures PF_ZENUSD