Funding you earn now, next payment 03:00 UTC+0.3075%/8h= +336.7% APRnext payment +$3.84 per $10,000 · paid last 24h +0.391%
Price spread now: Kraken Futures against ApeX Omni+0.248%75s7-day average +0.155% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as 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−$1351.346% of the position
Funding, last 7 days+1.330%+$133 on $10k
+Price spread, last 4 days (all we have)−0.661%−$66 · spread now +0.248%, 7d avg +0.155%
=Both sides work for this trade now. Funding pays +$92 a day on $10k at the current rate, and Kraken Futures is 0.092% dearer against ApeX Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.155%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.330% in total (about 69.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.84 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ZENUSDT | 7.7180 | 0.0100 | pay 0.0013% / 1h | 31m 50s | $26K | $685K | 50x |
| Short | Kraken Futures PF_ZENUSD | 7.7371 | 0.3175 | get 0.0397% / 1h | 31m 50s | $506K | $1.0M | 25x |
ApeX Omni ZENUSDT
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $645.82
- Price spread: +0.248% → +0.155%
- $9.25
- Slippage, 4 orders
- −$114.59
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $520.48
- Costs to cover
- 1.346%
- Break-even
- 1.4 days
Slippage from ApeX Omni: live order book, 32 min ago; Kraken Futures: 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 ApeX Omni live order book, 32 min ago | 8.37 bp | 15.7 bp −$16 | 110.4 bp −$1,104 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 33.55 bp | 47.9 bp −$48 | 169.6 bp −$1,696 | 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 | 7.7080 | −0.130% | $9K | — | 5x | as long as short |
| Variational Omni ZEN | +0.0094% | 8h | 7.7020 | −0.207% | $51K | $83K | — | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7159 | −0.027% | $53K | $375K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7114 | −0.086% | $11.2M | $30.0M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7050 | −0.168% | $4.6M | $5.8M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.7100 | −0.104% | $2.3M | $5.4M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7130 | −0.065% | $12.0M | $5.0M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.7120 | −0.078% | $4.1M | $4.5M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7130 | −0.065% | $2.9M | $3.2M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7150 | −0.039% | — | $3.2M | — | as long as short |
dYdX ZEN-USD
Variational Omni ZEN
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
KuCoin ZENUSDTM
Bitget ZENUSDT
BingX ZEN-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7141 | −0.051% | $577K | $1.9M | 10x | as long as short |
| ApeX Omni ZENUSDTlong | +0.0100% | 1h | 7.7180 | long leg | $26K | $685K | 50x | |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7130 | −0.065% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.7109 | −0.093% | $25K | $127K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.7270 | +0.117% | $853K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0335% | 1h | 7.7327 | +0.190% | $2.5M | $1.4M | 5x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.3175% | 1h | 7.7371 | +0.248% | $506K | $1.0M | 25x |
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN