Funding you earn now, next payment 22:00 UTC+0.1026%/8h= +112.4% APRpaid last 24h +0.374%
Price spread now: Kraken Futures against GRVT+0.856%75s7-day average +0.218% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as 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−$1541.537% of the position
Funding, last 7 days+1.155%+$115 on $10k
+Price spread, last 3 days (all we have)−1.049%−$105 · spread now +0.856%, 7d avg +0.218%
=Together, before fees+0.106%+ Points / potential airdropGRVT: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Kraken Futures is 0.639% dearer against GRVT than usual: you sell high and buy low: +$64 more if the spread goes back to its 7-day average of +0.218%. The two prices were read 75 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 | 7.6580 | 0.0100 | pay 0.0100% / 8h | 2h 26m | $583K | $1.6M | 10x |
| Short | Kraken Futures PF_ZENUSD | 7.7236 | 0.1126 | get 0.0141% / 1h | 26m 09s | $497K | $1.1M | 25x |
GRVT ZEN_USDT_Perp
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $215.55
- Price spread: +0.856% → +0.218%
- $63.85
- Slippage, 4 orders
- −$134.69
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $125.71
- Costs to cover
- 1.537%
- Break-even
- 2.9 days
Slippage from GRVT: live order book, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago | 2.60 bp | 10.9 bp −$11 | 36.2 bp −$362 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 46.83 bp | 52.4 bp −$52 | 148.1 bp −$1,481 | 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 | −0.0117% | 8h | 7.6382 | −0.259% | $51K | $219K | — | as long as short |
| OKX ZEN-USDT-SWAP | −0.0029% | 4h | 7.6970 | +0.509% | $2.3M | $6.0M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.6913 | +0.434% | $9K | — | 5x | as long as short |
| MEXC ZEN_USDT | +0.0028% | 8h | 7.7030 | +0.588% | $12.1M | $6.1M | 200x | as long as short |
| Binance ZENUSDT | +0.0029% | 8h | 7.7020 | +0.575% | $11.0M | $32.4M | 75x | as long as short |
| Extended ZEN-USD | +0.0032% | 1h | 7.7011 | +0.563% | $25K | $110K | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0042% | 8h | 7.7000 | +0.548% | $4.3M | $5.2M | 50x | as long as short |
| Bitget ZENUSDT | +0.0044% | 8h | 7.6960 | +0.496% | $2.8M | $3.5M | 50x | as long as short |
| Aster ZENUSDT | +0.0079% | 8h | 7.7004 | +0.554% | $54K | $381K | 10x | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.7177 | +0.780% | $2.4M | $1.9M | 5x | as long as short |
Variational Omni ZEN
OKX ZEN-USDT-SWAP
dYdX ZEN-USD
MEXC ZEN_USDT
Binance ZENUSDT
Extended ZEN-USD
KuCoin ZENUSDTM
Bitget ZENUSDT
Aster ZENUSDT
Hyperliquid ZENShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZENUSDT | +0.0100% | 8h | 7.6980 | +0.522% | $4.6M | $6.9M | 75x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6960 | +0.496% | — | $3.4M | — | as long as short |
| GRVT ZEN_USDT_Perplong | +0.0100% | 8h | 7.6580 | long leg | $583K | $1.6M | 10x | |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6490 | −0.118% | $27K | $682K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7080 | +0.653% | $2K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0115% | 8h | 7.6930 | +0.457% | $839K | $1.9M | 75x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.1126% | 1h | 7.7236 | +0.856% | $497K | $1.1M | 25x |
Bybit ZENUSDT
BingX ZEN-USDT
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT