ArbiLayer

ZEN arbitrage

live

Live Horizen price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.04%Variational → Bitget · Perp–Perp
Best perp–perp spread+0.12%Variational → Bitget
Markets tracked159 venues · 9 perp · 6 spot · 0 DEX
Price range0.26%$6.74 – $6.76

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinancespot$6.75Bybit logoBybitspot$6.76 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
Binance logoBinancespot$6.75Bitget logoBitgetspot$6.76 +0.01%-0.19% +0.01%— 0.000%— LS Chart →
Bitget logoBitgetspot$6.76Bybit logoBybitspot$6.76 -0.01%-0.21% -0.01%— 0.000%— LS Chart →
MEXC logoMEXCspot$6.76Bybit logoBybitspot$6.76 -0.01%-0.21% -0.01%— 0.000%— LS Chart →
MEXC logoMEXCspot$6.76Bitget logoBitgetspot$6.76 -0.01%-0.21% -0.01%— 0.000%— LS Chart →
Binance logoBinancespot$6.75OKX logoOKXspot$6.75 -0.01%-0.21% -0.01%— 0.000%— LS Chart →
Bybit logoBybitspot$6.76Bitget logoBitgetspot$6.76 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
OKX logoOKXspot$6.76Bybit logoBybitspot$6.76 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
OKX logoOKXspot$6.76Bitget logoBitgetspot$6.76 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$6.76Bybit logoBybitspot$6.76 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$6.76Bitget logoBitgetspot$6.76 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Binance logoBinancespot$6.75MEXC logoMEXCspot$6.75 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Binance logoBinancespot$6.75KuCoin logoKuCoinspot$6.75 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Bitget logoBitgetspot$6.76OKX logoOKXspot$6.75 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
MEXC logoMEXCspot$6.76OKX logoOKXspot$6.75 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

ZEN price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
KuCoin logoKuCoinPerpetual · ZENUSDTMPerpetual $6.75$6.75$6.75-0.10% -0.102%$8.22M
MEXC logoMEXCPerpetual · ZEN_USDTPerpetual $6.75$6.75$6.75-0.02% +0.022%$3.08M
OKX logoOKXPerpetual · ZEN-USDT-SWAPPerpetual $6.75$6.75$6.75-0.05% +0.030%$2.41M
Bybit logoBybitPerpetual · ZENUSDTPerpetual $6.74$6.75$6.75-0.12% -0.005%$2.15M
Bybit logoBybitSpot · ZENUSDTSpot $6.76$6.76$6.76+0.04% —$1.47M
Bitget logoBitgetPerpetual · ZENUSDTPerpetual $6.75$6.75$6.750.00% +0.030%$980.3K
Hyperliquid logoHyperliquidPerpetual · ZENPerpetual $6.75$6.76$6.75+0.02% +0.030%$516.1K
OKX logoOKXSpot · ZEN-USDTSpot $6.75$6.76$6.76+0.03% —$387.1K
KuCoin logoKuCoinSpot · ZEN-USDTSpot $6.75$6.76$6.75+0.02% —$214.6K
Bitget logoBitgetSpot · ZENUSDTSpot $6.76$6.76$6.76+0.04% —$88.7K
Variational logoVariationalPerpetual · ZENPerpetual $6.73$6.74$6.74-0.21% -0.033%$22.7K
Binance logoBinancePerpetual · ZENUSDTPerpetual $6.75$6.75$6.75-0.03% +0.023%—
Aster logoAsterPerpetual · ZENUSDTPerpetual $6.75$6.75$6.75-0.04% +0.030%—
Binance logoBinanceSpot · ZENUSDTSpot $6.75$6.75$6.750.00% ——
MEXC logoMEXCSpot · ZENUSDTSpot $6.75$6.76$6.75+0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

ZEN arbitrage explained

Right now Horizen (ZEN) trades on 9 venues we scan: 9 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $6.74 and the highest bid on Bybit spot at $6.76.

The widest ZEN perpetual spread is between Variational and Bitget: long ZEN on Variational at $6.74 and short on Bitget at $6.75 for +0.12% gross, or -0.04% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.063% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best ZEN route is to buy spot on Binance and short the perpetual on Bitget: -0.03% gross, -0.23% net, with +0.030% a day of funding on the short leg.

Spot–spot ZEN arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) shows +0.01% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small ZEN gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: ZEN funding rates · ZEN spread charts · Horizen price · arbitrage scanner for all coins.

Is there a ZEN arbitrage opportunity right now?

The best ZEN route right now is to buy on Variational → sell on Bitget (Perp–Perp): +0.12% gross and -0.04% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ZEN?

Variational (perp) has the lowest ZEN ask at $6.74, and Bybit (spot) the highest bid at $6.76. Prices update every 15 seconds on this page.

How many exchanges list ZEN?

ArbiLayer tracks 15 ZEN markets on 9 venues: 9 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage ZEN without transferring coins?

Use two perpetual contracts: go long ZEN on the cheaper exchange (Variational now) and short it on the more expensive one (Bitget), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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