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 +0.026%

Price spread now: BloFin against MEXC+0.090%94s7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as 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−$410.406% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.090%, 7d avg −0.048%

Together, before fees+0.112%+$11 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 0.139% dearer against MEXC than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.048%. The two prices were read 94 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	MEXC ZEN_USDT	7.7350	0.0100	pay 0.0100% / 8h	2h 01m	$12.0M	$5.0M	200x
Short	BloFin ZEN-USDT	7.7420	0.0220	get 0.0220% / 8h	2h 01m	$839K	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.090%Rate

Funding earned: $25.2
Price spread: +0.090% → −0.048%: $13.89
Slippage, 4 orders: −$24.61
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.52
Costs to cover: 0.406%
Break-even: 7.4 days

Slippage from MEXC: live order book, 2 min ago; BloFin: 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, 2 min ago	1.29 bp	8.3 bp −$8	21.1 bp −$211	100.5 bp −$10.0K	162.5 bp −$81.3K
Sell BloFin live order book, 1 min ago	1.29 bp	16.3 bp −$16	33.6 bp −$336	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	7.7390	+0.052%	$9K	—	5x	as long as short
KuCoin ZENUSDTM	+0.0088%	8h	7.7380	+0.039%	$4.1M	$4.1M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.7468	+0.153%	$2.4M	$1.3M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7353	+0.004%	$43K	$392K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7314	−0.047%	$11.2M	$30.2M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7290	−0.078%	$4.5M	$5.7M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7280	−0.090%	$2.3M	$5.4M	50x	as long as short
MEXC ZEN_USDTlong	+0.0100%	8h	7.7350	long leg	$12.0M	$5.0M	200x
Bitget ZENUSDT	+0.0100%	8h	7.7380	+0.039%	$2.9M	$3.1M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7360	+0.013%	—	$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	7.7391	+0.054%	$55K	$88K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7336	−0.018%	$584K	$2.5M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7410	+0.078%	$27K	$676K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7460	+0.142%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7393	+0.055%	$22K	$134K	5x	as long as short
BloFin ZEN-USDTshort	+0.0220%	8h	7.7420	+0.090%	$839K	$1.6M	75x
Kraken Futures PF_ZENUSD	+0.3055%	1h	7.7644	+0.380%	$496K	$1.0M	25x	as long as short