ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.84 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against MEXC−0.105%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1061.057% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.105%, 7d avg −0.071%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.033% cheaper against MEXC than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.071%). If the spread goes back, that is −$3 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZEN_USDT	7.6420	0.0016	pay 0.0016% / 8h	2h 04m	$12.1M	$6.1M	200x
Short	Bybit ZENUSDT	7.6340	0.0100	get 0.0100% / 8h	2h 04m	$4.6M	$6.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.105%Rate

Funding earned: $17.64
Price spread: −0.105% → −0.071%: −$3.32
Slippage, 4 orders: −$90.67
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$91.36
Costs to cover: 1.057%
Break-even: 43.3 days

Slippage from MEXC: live order book, 3 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 MEXC live order book, 3 min ago	1.30 bp	8.2 bp −$8	20.9 bp −$209	94.0 bp −$9,397	doesn't fit
Sell Bybit live order book, 3 min ago	3.27 bp	47.3 bp −$47	171.2 bp −$1,712	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
OKX ZEN-USDT-SWAP	−0.0110%	4h	7.6340	−0.105%	$2.3M	$5.8M	50x	as long as short
Variational Omni ZEN	−0.0071%	8h	7.6392	−0.037%	$51K	$151K	—	as long as short
KuCoin ZENUSDTM	−0.0003%	8h	7.6430	+0.013%	$4.3M	$5.2M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.6565	+0.190%	$9K	—	5x	as long as short
Binance ZENUSDT	+0.0015%	8h	7.6397	−0.030%	$11.0M	$32.2M	75x	as long as short
Extended ZEN-USD	+0.0016%	1h	7.6403	−0.022%	$25K	$110K	5x	as long as short
MEXC ZEN_USDTlong	+0.0016%	8h	7.6420	long leg	$12.1M	$6.1M	200x
Bitget ZENUSDT	+0.0032%	8h	7.6400	−0.026%	$2.8M	$3.5M	50x	as long as short
BloFin ZEN-USDT	+0.0059%	8h	7.6430	+0.013%	$836K	$1.9M	75x	as long as short
Aster ZENUSDT	+0.0070%	8h	7.6415	−0.006%	$53K	$380K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZEN	+0.0100%	1h	7.6567	+0.192%	$2.4M	$1.9M	5x	as long as short
Bybit ZENUSDTshort	+0.0100%	8h	7.6340	−0.105%	$4.6M	$6.8M	75x
BingX ZEN-USDT	+0.0100%	8h	7.6390	−0.039%	—	$3.4M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6620	+0.262%	$583K	$1.6M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.6630	+0.275%	$27K	$683K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6270	−0.196%	$1K	$1.4M	20x	as long as short
Kraken Futures PF_ZENUSD	+0.1136%	1h	7.6580	+0.210%	$493K	$1.1M	25x	as long as short