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 +0.050%

Price spread now: BloFin against KuCoin+0.182%50s7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$850.852% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.329%+$33 on $10k

Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.182%, 7d avg −0.049%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.231% dearer against KuCoin than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.049%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZENUSDTM	7.6740	0.0100	pay 0.0100% / 8h	4h 12m	$4.1M	$4.4M	50x
Short	BloFin ZEN-USDT	7.6880	0.0220	get 0.0220% / 8h	4h 12m	$826K	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.182%Rate

Funding earned: $25.2
Price spread: +0.182% → −0.049%: $23.1
Slippage, 4 orders: −$61.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$36.88
Costs to cover: 0.852%
Break-even: 17.2 days

Slippage from KuCoin: live order book, 5 min ago; BloFin: 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 KuCoin live order book, 5 min ago	3.26 bp	22.6 bp −$23	81.5 bp −$815	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.65 bp	16.4 bp −$16	32.0 bp −$320	120.7 bp −$12.1K	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	7.6816	+0.099%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0088%	4h	7.6700	−0.052%	$2.3M	$5.4M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6820	+0.104%	$53K	$376K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6760	+0.026%	$11.1M	$30.2M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6740	0.000%	$4.5M	$5.9M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6750	+0.013%	$11.7M	$5.1M	200x	as long as short
KuCoin ZENUSDTMlong	+0.0100%	8h	7.6740	long leg	$4.1M	$4.4M	50x
Bitget ZENUSDT	+0.0100%	8h	7.6790	+0.065%	$2.9M	$3.2M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.6510	−0.300%	—	$3.1M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.6632	−0.141%	$55K	$89K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6740	0.000%	$581K	$2.1M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6750	+0.013%	$27K	$684K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6970	+0.300%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6758	+0.023%	$22K	$144K	5x	as long as short
BloFin ZEN-USDTshort	+0.0220%	8h	7.6880	+0.182%	$826K	$1.6M	75x
Hyperliquid ZEN	+0.0345%	1h	7.6952	+0.276%	$2.5M	$1.3M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.3073%	1h	7.7135	+0.515%	$499K	$999K	25x	as long as short