Funding you earn now, next payment 04:00 UTC+0.3032%/8h= +332.1% APRpaid last 24h +0.409%
Price spread now: Kraken Futures against BingX+0.257%7-day average +0.206% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1481.480% of the position
Funding, last 7 days+1.294%+$129 on $10k
+Price spread, last 4 days (all we have)−0.284%−$28 · spread now +0.257%, 7d avg +0.206%
=Both sides work for this trade now. Funding pays +$91 a day on $10k at the current rate, and Kraken Futures is 0.051% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.206%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.294% in total (about 67.5% 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 | BingX ZEN-USDT | 7.5480 | 0.0100 | pay 0.0100% / 8h | 4h 48m | — | $3.2M | — |
| Short | Kraken Futures PF_ZENUSD | 7.5674 | 0.3132 | get 0.0392% / 1h | 48m 46s | $495K | $1.0M | 25x |
BingX ZEN-USDT
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $636.82
- Price spread: +0.257% → +0.206%
- $5.1
- Slippage, 4 orders
- −$127.98
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $493.94
- Costs to cover
- 1.480%
- Break-even
- 1.6 days
Slippage from BingX: live order book, 1 min ago; Kraken Futures: live order book, 5 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 BingX live order book, 1 min ago | 0.66 bp | 13.3 bp −$13 | 30.7 bp −$307 | 358.7 bp −$35.9K | 494.8 bp −$247.4K |
| Sell Kraken Futures live order book, 5 min ago | 20.96 bp | 33.7 bp −$34 | 136.0 bp −$1,360 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZENUSDT | −0.0175% | 1h | 7.5870 | +0.517% | $26K | $689K | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.5767 | +0.380% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0097% | 4h | 7.5490 | +0.013% | $2.2M | $5.4M | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.5520 | +0.052% | $52K | $374K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.5483 | +0.004% | $11.0M | $30.1M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.5470 | −0.013% | $4.4M | $5.9M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.5510 | +0.040% | $11.5M | $5.0M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.5460 | −0.026% | $4.0M | $4.4M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.5450 | −0.040% | $2.8M | $3.2M | 50x | as long as short |
| BingX ZEN-USDTlong | +0.0100% | 8h | 7.5480 | long leg | — | $3.2M | — |
ApeX Omni ZENUSDT
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
KuCoin ZENUSDTM
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | +0.0100% | 8h | 7.5732 | +0.334% | $50K | $85K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6070 | +0.782% | $574K | $2.0M | 10x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.5500 | +0.026% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.5514 | +0.045% | $24K | $142K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.5500 | +0.026% | $836K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0264% | 1h | 7.5667 | +0.248% | $2.4M | $1.4M | 5x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.3132% | 1h | 7.5674 | +0.257% | $495K | $1.0M | 25x |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN