ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0932%/8h= −102.0% APRnext payment −$1.16 per $10,000 · paid last 24h −0.477%

Price spread now: ApeX Omni against Kraken Futures+0.333%7-day average −0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs−$318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1631.627% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−1.551%−$155 on $10k

Price spread, last 4 days (all we have)−0.376%−$38 · spread now +0.333%, 7d avg −0.164%

Together, before fees−1.927%−$193 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.496% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.333% now, against its 7-day average of −0.164%): +$50 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZENUSD	7.5419	0.0739	pay 0.0092% / 1h	50m 17s	$485K	$598K	25x
Short	ApeX Omni ZENUSDT	7.5670	−0.0192	pay 0.0024% / 1h	50m 17s	$26K	$663K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.333%Rate

Funding earned: −$195.67
Price spread: +0.333% → −0.164%: $49.63
Slippage, 4 orders: −$142.66
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$308.7
Costs to cover: 1.627%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 56 min ago; ApeX Omni: live order book, 56 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 Kraken Futures live order book, 56 min ago	31.60 bp	92.0 bp −$92	173.8 bp −$1,738	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 56 min ago	6.57 bp	14.3 bp −$14	99.5 bp −$995	doesn't fit	doesn't fit

ZEN on 17 exchanges

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 ZENUSDTshort	−0.0192%	1h	7.5670	+0.333%	$26K	$663K	50x
KuCoin ZENUSDTM	−0.0082%	8h	7.5350	−0.092%	$4.1M	$3.3M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.5375	−0.058%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0020%	4h	7.5370	−0.065%	$2.2M	$4.8M	50x	as long as short
Binance ZENUSDT	+0.0089%	8h	7.5465	+0.060%	$10.8M	$27.8M	75x	as long as short
MEXC ZEN_USDT	+0.0093%	8h	7.5400	−0.025%	$11.6M	$4.8M	200x	as long as short
Extended ZEN-USD	+0.0096%	1h	7.5229	−0.252%	$22K	$234K	5x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.5537	+0.156%	$2.4M	$972K	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.5360	−0.078%	$33K	$384K	10x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.5330	−0.118%	$4.4M	$4.7M	75x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZENUSDT	+0.0100%	8h	7.5320	−0.132%	$2.8M	$2.8M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.5410	−0.012%	—	$2.8M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.5250	−0.224%	$50K	$55K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.5709	+0.385%	$568K	$3.4M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.5350	−0.092%	$2K	$1.2M	20x	as long as short
BloFin ZEN-USDT	+0.0216%	8h	7.5250	−0.224%	$818K	$1.5M	75x	as long as short
Kraken Futures PF_ZENUSDlong	+0.0739%	1h	7.5419	long leg	$485K	$598K	25x