Funding you earn now, next payment 00:00 UTC−0.2601%/8h= −284.8% APRnext payment −$3.25 per $10,000 · paid last 24h −0.333%
Price spread now: Extended against Kraken Futures−0.331%7-day average −0.217% · you buy dearer than you sell
Net, funding: paid 7d − costs−$251as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1291.291% of the position
Funding, last 7 days−1.219%−$122 on $10k
+Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.331%, 7d avg −0.217%
=Together, before fees−1.230%+ Points / potential airdropExtended: Active · farm board−$123 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$78 a day on $10k at the current rate, and Extended is 0.114% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.217%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.219% in total (about -63.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZENUSD | 7.8061 | 0.2641 | pay 0.0330% / 1h | 51m 42s | $511K | $1.1M | 25x |
| Short | Extended ZEN-USD | 7.7802 | 0.0040 | get 0.0005% / 1h | 51m 42s | $25K | $118K | 5x |
Kraken Futures PF_ZENUSD
Extended ZEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$546.14
- Price spread: −0.331% → −0.217%
- −$11.43
- Slippage, 4 orders
- −$114.05
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$686.62
- Costs to cover
- 1.291%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Extended: live order book, 24 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, 2 min ago | 33.91 bp | 43.9 bp −$44 | 147.6 bp −$1,476 | doesn't fit | doesn't fit |
| Sell Extended live order book, 24 min ago | 2.02 bp | 19.7 bp −$20 | 172.1 bp −$1,721 | 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 | −0.0038% | 8h | 7.7410 | −0.834% | $51K | $85K | — | as long as short |
| OKX ZEN-USDT-SWAP | −0.0016% | 4h | 7.7780 | −0.360% | $2.3M | $5.8M | 50x | as long as short |
| KuCoin ZENUSDTM | −0.0006% | 8h | 7.7830 | −0.296% | $4.3M | $5.0M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7825 | −0.303% | $9K | — | 5x | as long as short |
| Extended ZEN-USDshort | +0.0040% | 1h | 7.7802 | −0.331% | $25K | $118K | 5x | |
| Binance ZENUSDT | +0.0043% | 8h | 7.7818 | −0.311% | $11.2M | $31.6M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0043% | 8h | 7.7890 | −0.219% | $12.5M | $5.4M | 200x | as long as short |
| Bybit ZENUSDT | +0.0078% | 8h | 7.7790 | −0.347% | $4.7M | $6.3M | 75x | as long as short |
| BingX ZEN-USDT | +0.0085% | 8h | 7.7830 | −0.296% | — | $3.4M | — | as long as short |
| Bitget ZENUSDT | +0.0086% | 8h | 7.7830 | −0.296% | $2.9M | $3.5M | 50x | as long as short |
Variational Omni ZEN
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
dYdX ZEN-USD
Binance ZENUSDT
MEXC ZEN_USDT
Bybit ZENUSDT
BingX ZEN-USDT
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZENUSDT | +0.0100% | 8h | 7.7869 | −0.245% | $53K | $375K | 10x | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7789 | −0.348% | $588K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7420 | −0.821% | $27K | $682K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7850 | −0.270% | $2K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0161% | 8h | 7.7780 | −0.360% | $840K | $1.8M | 75x | as long as short |
| Hyperliquid ZEN | +0.0322% | 1h | 7.8024 | −0.047% | $2.4M | $1.8M | 5x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.2641% | 1h | 7.8061 | long leg | $511K | $1.1M | 25x |
Aster ZENUSDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Hyperliquid ZEN