ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.25 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.065%7-day average −0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1521.518% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days−0.251%−$25 · spread now +0.065%, 7d avg −0.108%

Together, before fees−0.168%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.173% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZENUSDTM	7.7330	0.0075	pay 0.0075% / 8h	1h 49m	$4.1M	$4.1M	50x
Short	Bybit ZENUSDT	7.7380	0.0100	get 0.0100% / 8h	1h 49m	$4.5M	$5.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.065%Rate

Funding earned: $5.25
Price spread: +0.065% → −0.108%: $17.26
Slippage, 4 orders: −$128.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$129.31
Costs to cover: 1.518%
Break-even: 179.4 days

Slippage from KuCoin: live order book, 8 min ago; Bybit: 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 KuCoin live order book, 8 min ago	3.24 bp	38.4 bp −$38	99.8 bp −$998	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.25 bp	39.4 bp −$39	225.9 bp −$2,259	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	7.7183	−0.190%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0066%	4h	7.7300	−0.039%	$2.3M	$5.4M	50x	as long as short
KuCoin ZENUSDTMlong	+0.0075%	8h	7.7330	long leg	$4.1M	$4.1M	50x
Hyperliquid ZEN	+0.0100%	1h	7.7547	+0.281%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7325	−0.006%	$44K	$393K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7410	+0.103%	$11.2M	$30.3M	75x	as long as short
Bybit ZENUSDTshort	+0.0100%	8h	7.7380	+0.065%	$4.5M	$5.7M	75x
MEXC ZEN_USDT	+0.0100%	8h	7.7400	+0.091%	$11.9M	$4.9M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7410	+0.103%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7370	+0.052%	—	$3.1M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZEN	+0.0100%	8h	7.7002	−0.424%	$55K	$88K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6970	−0.466%	$577K	$2.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7030	−0.388%	$27K	$675K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7370	+0.052%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7360	+0.039%	$22K	$129K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7050	−0.362%	$837K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSD	+0.2841%	1h	7.7610	+0.361%	$496K	$1.0M	25x	as long as short