Funding you earn now, next payment 05:00 UTC+0.2228%/8h= +243.9% APRpaid last 24h +0.420%
Price spread now: Kraken Futures against Binance+0.531%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1421.418% of the position
Funding, last 7 days+1.352%+$135 on $10k
+Price spread, last 4 days (all we have)−0.618%−$62 · spread now +0.531%, 7d avg +0.176%
=Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and Kraken Futures is 0.356% dearer against Binance than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.176%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.352% in total (about 70.5% a year). A funding rate is set anew for every payment. 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 | Binance ZENUSDT | 7.6652 | 0.0100 | pay 0.0100% / 8h | 3h 57m | $11.1M | $30.2M | 75x |
| Short | Kraken Futures PF_ZENUSD | 7.7060 | 0.2328 | get 0.0291% / 1h | 57m 46s | $499K | $1.0M | 25x |
Binance ZENUSDT
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $467.83
- Price spread: +0.531% → +0.176%
- $35.55
- Slippage, 4 orders
- −$121.78
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $361.6
- Costs to cover
- 1.418%
- Break-even
- 1.6 days
Slippage from Binance: live order book, 14 min ago; Kraken Futures: live order book, 16 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 Binance live order book, 14 min ago | 1.30 bp | 13.2 bp −$13 | 38.1 bp −$381 | 403.5 bp −$40.3K | doesn't fit |
| Sell Kraken Futures live order book, 16 min ago | 42.22 bp | 47.4 bp −$47 | 111.4 bp −$1,114 | 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 | 7.6802 | +0.196% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0077% | 4h | 7.6590 | −0.081% | $2.3M | $5.3M | 50x | as long as short |
| KuCoin ZENUSDTM | +0.0080% | 8h | 7.6730 | +0.101% | $4.1M | $4.3M | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6765 | +0.146% | $51K | $379K | 10x | as long as short |
| Binance ZENUSDTlong | +0.0100% | 8h | 7.6652 | long leg | $11.1M | $30.2M | 75x | |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6650 | −0.003% | $4.5M | $5.9M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6700 | +0.062% | $11.6M | $5.0M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6570 | −0.108% | $2.8M | $3.1M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6590 | −0.081% | — | $3.1M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6817 | +0.214% | $55K | $89K | — | as long as short |
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
Aster ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
Bitget ZENUSDT
BingX ZEN-USDT
Variational Omni ZENShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6670 | +0.023% | $574K | $2.1M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6650 | −0.003% | $27K | $681K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6910 | +0.336% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6775 | +0.160% | $22K | $142K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6750 | +0.127% | $828K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0417% | 1h | 7.6861 | +0.272% | $2.5M | $1.3M | 5x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.2328% | 1h | 7.7060 | +0.531% | $499K | $1.0M | 25x |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN