Funding you earn now, next payment 05:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.052%
Price spread now: OKX against Extended−0.188%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$750.751% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.188%, 7d avg −0.030%
=Together, before fees+0.106%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.158% cheaper against Extended than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ZEN-USD | 7.6945 | 0.0104 | pay 0.0013% / 1h | 59m 30s | $22K | $142K | 5x |
| Short | OKX ZEN-USDT-SWAP | 7.6800 | 0.0073 | get 0.0037% / 4h | 3h 59m | $2.3M | $5.4M | 50x |
Extended ZEN-USD
OKX ZEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$6.43
- Price spread: −0.188% → −0.030%
- −$15.85
- Slippage, 4 orders
- −$60.14
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$97.41
- Costs to cover
- 0.751%
- Break-even
- never at this rate
Slippage from Extended: live order book, 56 min ago; OKX: live order book, 3 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, 56 min ago | 2.30 bp | 19.1 bp −$19 | 195.4 bp −$1,954 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.96 bp | 17.8 bp −$18 | 94.8 bp −$948 | 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 | 7.7015 | +0.091% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAPshort | +0.0073% | 4h | 7.6800 | −0.188% | $2.3M | $5.4M | 50x | |
| KuCoin ZENUSDTM | +0.0082% | 8h | 7.6910 | −0.045% | $4.1M | $4.3M | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6980 | +0.045% | $51K | $379K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6896 | −0.064% | $11.1M | $30.2M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6890 | −0.071% | $4.5M | $5.9M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6890 | −0.071% | $11.6M | $5.0M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6850 | −0.123% | $2.9M | $3.1M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6910 | −0.045% | — | $3.1M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6817 | −0.167% | $55K | $89K | — | as long as short |
dYdX ZEN-USD
KuCoin ZENUSDTM
Aster ZENUSDT
Binance 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 | −0.357% | $574K | $2.1M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6650 | −0.383% | $27K | $681K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6960 | +0.019% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USDlong | +0.0104% | 1h | 7.6945 | long leg | $22K | $142K | 5x | |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6800 | −0.188% | $833K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0345% | 1h | 7.7020 | +0.097% | $2.5M | $1.3M | 5x | as long as short |
| Kraken Futures PF_ZENUSD | +0.3072% | 1h | 7.7154 | +0.271% | $500K | $1.0M | 25x | as long as short |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Hyperliquid ZEN
Kraken Futures PF_ZENUSD