ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.014%

Price spread now: Bitget against MEXC+0.013%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days−0.015%−$2 · spread now +0.013%, 7d avg −0.032%

Together, before fees+0.043%+$4 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 Bitget is 0.045% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEN_USDT	7.7880	0.0072	pay 0.0072% / 8h	27m 03s	$12.6M	$5.4M	200x
Short	Bitget ZENUSDT	7.7890	0.0100	get 0.0100% / 8h	27m 03s	$2.9M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.013%Rate

Funding earned: $5.88
Price spread: +0.013% → −0.032%: $4.47
Slippage, 4 orders: −$32.7
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$38.35
Costs to cover: 0.487%
Break-even: 52.7 days

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 1 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 MEXC live order book, 1 min ago	1.28 bp	8.3 bp −$8	26.8 bp −$268	97.5 bp −$9,749	doesn't fit
Sell Bitget live order book, 1 min ago	3.86 bp	16.9 bp −$17	29.1 bp −$291	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	−0.0032%	8h	7.7751	−0.166%	$52K	$85K	—	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7898	+0.024%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0020%	8h	7.7900	+0.026%	$4.5M	$5.0M	50x	as long as short
OKX ZEN-USDT-SWAP	+0.0024%	4h	7.7810	−0.090%	$2.3M	$5.9M	50x	as long as short
Bybit ZENUSDT	+0.0052%	8h	7.7840	−0.051%	$4.7M	$6.3M	75x	as long as short
Extended ZEN-USD	+0.0072%	1h	7.7905	+0.032%	$26K	$118K	5x	as long as short
MEXC ZEN_USDTlong	+0.0072%	8h	7.7880	long leg	$12.6M	$5.4M	200x
Binance ZENUSDT	+0.0072%	8h	7.7920	+0.051%	$11.3M	$31.5M	75x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7891	+0.014%	$53K	$375K	10x	as long as short
Bitget ZENUSDTshort	+0.0100%	8h	7.7890	+0.013%	$2.9M	$3.5M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.7860	−0.026%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7880	0.000%	$581K	$1.7M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7930	+0.064%	$27K	$684K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7870	−0.013%	$1K	$1.4M	20x	as long as short
BloFin ZEN-USDT	+0.0192%	8h	7.7870	−0.013%	$851K	$1.8M	75x	as long as short
Hyperliquid ZEN	+0.0465%	1h	7.8116	+0.303%	$2.5M	$1.8M	5x	as long as short
Kraken Futures PF_ZENUSD	+0.2635%	1h	7.8222	+0.439%	$512K	$1.0M	25x	as long as short