Funding you earn now, next payment 06:00 UTC−0.3050%/8h= −333.9% APRnext payment −$3.81 per $10,000 · paid last 24h −0.475%
Price spread now: dYdX against Kraken Futures−0.321%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$91 a day on $10k at the current rate, and dYdX is 0.321% cheaper against Kraken Futures than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZENUSD | 7.7771 | 0.3050 | pay 0.0381% / 1h | 13m 36s | $497K | $1.0M | 25x |
| Short | dYdX ZEN-USD | 7.7522 | 0 | get 0.0000% / 1h | 13m 36s | $9K | — | 5x |
Kraken Futures PF_ZENUSD
dYdX ZEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$640.41
- Price spread: −0.321% → 0.000%
- −$32.09
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$692.5
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 5 min ago; dYdX: no order-book sample. Net counts fees only.
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, 5 min ago | 47.45 bp | 53.8 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-USDshort | 0.0000% | 1h | 7.7522 | −0.321% | $9K | — | 5x | |
| OKX ZEN-USDT-SWAP | +0.0063% | 4h | 7.7510 | −0.336% | $2.3M | $5.4M | 50x | as long as short |
| KuCoin ZENUSDTM | +0.0082% | 8h | 7.7520 | −0.323% | $4.1M | $4.1M | 50x | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.7618 | −0.197% | $2.4M | $1.3M | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7514 | −0.330% | $42K | $389K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7514 | −0.331% | $11.2M | $30.1M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7440 | −0.426% | $4.5M | $5.7M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7500 | −0.349% | $11.9M | $5.0M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7510 | −0.336% | $2.9M | $3.1M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7530 | −0.310% | — | $3.1M | — | as long as short |
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
Hyperliquid ZEN
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
Bitget ZENUSDT
BingX ZEN-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | +0.0100% | 8h | 7.7942 | +0.220% | $56K | $88K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7585 | −0.240% | $587K | $2.5M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.8030 | +0.333% | $27K | $677K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7470 | −0.388% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.7512 | −0.334% | $25K | $132K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.7680 | −0.117% | $816K | $1.6M | 75x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.3050% | 1h | 7.7771 | long leg | $497K | $1.0M | 25x |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT