Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.021%
Price spread now: Bybit against Extended−0.081%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1221.215% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.081%, 7d avg −0.023%
=Together, before fees+0.093%+ Points / potential airdropExtended: Active · farm board+$9 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: Bybit is 0.058% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ZEN-USD | 7.7232 | 0.0104 | pay 0.0013% / 1h | 32m 37s | $25K | $127K | 5x |
| Short | Bybit ZENUSDT | 7.7170 | 0.0100 | get 0.0100% / 8h | 5h 32m | $4.6M | $5.8M | 75x |
Extended ZEN-USD
Bybit ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$0.84
- Price spread: −0.081% → −0.023%
- −$5.75
- Slippage, 4 orders
- −$105.53
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$128.13
- Costs to cover
- 1.215%
- Break-even
- never at this rate
Slippage from Extended: live order book, 28 min ago; Bybit: 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 Extended live order book, 28 min ago | 2.64 bp | 18.9 bp −$19 | 205.5 bp −$2,055 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.25 bp | 42.0 bp −$42 | 168.4 bp −$1,684 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZEN-USD | 0.0000% | 1h | 7.7165 | −0.088% | $9K | — | 5x | as long as short |
| Variational Omni ZEN | +0.0094% | 8h | 7.7020 | −0.275% | $51K | $83K | — | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7266 | +0.043% | $54K | $375K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7254 | +0.028% | $11.2M | $30.0M | 75x | as long as short |
| Bybit ZENUSDTshort | +0.0100% | 8h | 7.7170 | −0.081% | $4.6M | $5.8M | 75x | |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.7110 | −0.158% | $2.3M | $5.4M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7260 | +0.036% | $12.0M | $5.0M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.7210 | −0.029% | $4.1M | $4.5M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7200 | −0.042% | $2.9M | $3.2M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7200 | −0.042% | — | $3.2M | — | as long as short |
dYdX ZEN-USD
Variational Omni ZEN
Aster ZENUSDT
Binance ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
KuCoin ZENUSDTM
Bitget ZENUSDT
BingX ZEN-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7141 | −0.118% | $577K | $1.9M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7180 | −0.068% | $26K | $685K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7280 | +0.062% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USDlong | +0.0104% | 1h | 7.7232 | long leg | $25K | $127K | 5x | |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.7270 | +0.049% | $853K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0333% | 1h | 7.7444 | +0.274% | $2.5M | $1.4M | 5x | as long as short |
| Kraken Futures PF_ZENUSD | +0.3168% | 1h | 7.7539 | +0.398% | $507K | $1.0M | 25x | as long as short |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Hyperliquid ZEN
Kraken Futures PF_ZENUSD