Funding you earn now, next payment 22:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h +0.005%
Price spread now: Extended against GRVT−0.175%92s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as 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−$970.974% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 3 days (all we have)−0.857%−$86 · spread now −0.175%, 7d avg −0.021%
=Together, before fees−0.897%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$90 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.154% cheaper against GRVT than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.021%). Swap the legs. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ZEN_USDT_Perp | 7.6518 | 0.0100 | pay 0.0100% / 8h | 2h 49m | $580K | $1.6M | 10x |
| Short | Extended ZEN-USD | 7.6384 | 0.0016 | get 0.0002% / 1h | 49m 54s | $25K | $110K | 5x |
GRVT ZEN_USDT_Perp
Extended ZEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against GRVT. 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
- −$17.64
- Price spread: −0.175% → −0.021%
- −$15.41
- Slippage, 4 orders
- −$83.38
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$130.43
- Costs to cover
- 0.974%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; Extended: live order book, 35 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 GRVT live order book, 3 min ago | 2.62 bp | 19.1 bp −$19 | 47.4 bp −$474 | doesn't fit | doesn't fit |
| Sell Extended live order book, 35 min ago | 2.80 bp | 20.6 bp −$21 | 150.7 bp −$1,507 | 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 | −0.0157% | 8h | 7.6310 | −0.272% | $51K | $232K | — | as long as short |
| OKX ZEN-USDT-SWAP | −0.0036% | 4h | 7.6360 | −0.207% | $2.3M | $6.4M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.6440 | −0.102% | $9K | — | 5x | as long as short |
| MEXC ZEN_USDT | +0.0014% | 8h | 7.6400 | −0.154% | $12.0M | $6.0M | 200x | as long as short |
| Binance ZENUSDT | +0.0015% | 8h | 7.6396 | −0.160% | $10.9M | $33.7M | 75x | as long as short |
| KuCoin ZENUSDTM | +0.0015% | 8h | 7.6430 | −0.115% | $4.3M | $5.3M | 50x | as long as short |
| Extended ZEN-USDshort | +0.0016% | 1h | 7.6384 | −0.175% | $25K | $110K | 5x | |
| Bitget ZENUSDT | +0.0037% | 8h | 7.6350 | −0.220% | $2.8M | $3.7M | 50x | as long as short |
| Aster ZENUSDT | +0.0055% | 8h | 7.6460 | −0.076% | $54K | $388K | 10x | as long as short |
| BloFin ZEN-USDT | +0.0059% | 8h | 7.6330 | −0.246% | $835K | $2.0M | 75x | as long as short |
Variational Omni ZEN
OKX ZEN-USDT-SWAP
dYdX ZEN-USD
MEXC ZEN_USDT
Binance ZENUSDT
KuCoin ZENUSDTM
Bitget ZENUSDT
Aster ZENUSDT
BloFin ZEN-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZENUSDT | +0.0072% | 1h | 7.6560 | +0.055% | $27K | $682K | 50x | as long as short |
| BingX ZEN-USDT | +0.0098% | 8h | 7.6390 | −0.167% | — | $3.5M | — | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.6495 | −0.030% | $2.4M | $2.1M | 5x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6360 | −0.207% | $4.6M | $7.3M | 75x | as long as short |
| GRVT ZEN_USDT_Perplong | +0.0100% | 8h | 7.6518 | long leg | $580K | $1.6M | 10x | |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6440 | −0.102% | $2K | $1.5M | 20x | as long as short |
| Kraken Futures PF_ZENUSD | +0.1137% | 1h | 7.6523 | +0.007% | $492K | $1.1M | 25x | as long as short |
ApeX Omni ZENUSDT
BingX ZEN-USDT
Hyperliquid ZEN
Bybit ZENUSDT
SunX ZEN-USDT
Kraken Futures PF_ZENUSD