Funding you earn now, next payment 00:00 UTC+0.2601%/8h= +284.8% APRnext payment +$3.25 per $10,000 · paid last 24h +0.333%
Price spread now: Kraken Futures against Extended+0.312%7-day average +0.217% · 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−$120as in the Price arb table
costs, in and out, $10k−$1291.291% of the position
Funding, last 7 days+1.219%+$122 on $10k
+Price spread, last 3 days (all we have)+0.030%+$3 · spread now +0.312%, 7d avg +0.217%
=Together, before fees+1.249%+ Points / potential airdropExtended: Active · farm board+$125 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$78 a day on $10k at the current rate, and Kraken Futures is 0.095% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.217%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.219% in total (about 63.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.25 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 | Extended ZEN-USD | 7.7818 | 0.0040 | pay 0.0005% / 1h | 52m 19s | $25K | $118K | 5x |
| Short | Kraken Futures PF_ZENUSD | 7.8061 | 0.2641 | get 0.0330% / 1h | 52m 19s | $511K | $1.1M | 25x |
Extended ZEN-USD
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $546.14
- Price spread: +0.312% → +0.217%
- $9.54
- Slippage, 4 orders
- −$114.05
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $426.63
- Costs to cover
- 1.291%
- Break-even
- 1.5 days
Slippage from Extended: live order book, 23 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 Extended live order book, 23 min ago | 2.02 bp | 18.9 bp −$19 | 168.5 bp −$1,685 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 33.91 bp | 46.5 bp −$46 | 141.9 bp −$1,419 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | −0.0038% | 8h | 7.7410 | −0.525% | $51K | $85K | — | as long as short |
| OKX ZEN-USDT-SWAP | −0.0016% | 4h | 7.7740 | −0.100% | $2.3M | $5.8M | 50x | as long as short |
| KuCoin ZENUSDTM | −0.0005% | 8h | 7.7860 | +0.054% | $4.3M | $5.0M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7825 | +0.008% | $9K | — | 5x | as long as short |
| Extended ZEN-USDlong | +0.0040% | 1h | 7.7818 | long leg | $25K | $118K | 5x | |
| MEXC ZEN_USDT | +0.0041% | 8h | 7.7830 | +0.015% | $12.4M | $5.4M | 200x | as long as short |
| Binance ZENUSDT | +0.0043% | 8h | 7.7824 | +0.008% | $11.2M | $31.6M | 75x | as long as short |
| Bybit ZENUSDT | +0.0078% | 8h | 7.7760 | −0.074% | $4.7M | $6.3M | 75x | as long as short |
| BingX ZEN-USDT | +0.0080% | 8h | 7.7820 | +0.003% | — | $3.4M | — | as long as short |
| Bitget ZENUSDT | +0.0084% | 8h | 7.7830 | +0.015% | $2.9M | $3.5M | 50x | as long as short |
Variational Omni ZEN
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
dYdX ZEN-USD
MEXC ZEN_USDT
Binance ZENUSDT
Bybit ZENUSDT
BingX ZEN-USDT
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZENUSDT | +0.0100% | 8h | 7.7869 | +0.066% | $54K | $375K | 10x | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7789 | −0.037% | $588K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7420 | −0.511% | $27K | $682K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7850 | +0.041% | $2K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0161% | 8h | 7.7780 | −0.049% | $840K | $1.8M | 75x | as long as short |
| Hyperliquid ZEN | +0.0296% | 1h | 7.8010 | +0.247% | $2.4M | $1.8M | 5x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.2641% | 1h | 7.8061 | +0.312% | $511K | $1.1M | 25x |
Aster ZENUSDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Hyperliquid ZEN