Funding you earn now, next payment 11:00 UTC−0.1206%/8h= −132.1% APRpaid last 24h −0.508%
Price spread now: KuCoin against Kraken Futures−0.135%52s7-day average −0.171% · you buy dearer than you sell
Net, funding: paid 7d − costs−$357as 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−$1931.929% of the position
Funding, last 7 days−1.645%−$165 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.135%, 7d avg −0.171%
=The price spread pays, funding is against you. KuCoin is 0.037% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.135% now, against its 7-day average of −0.171%): +$4 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 2 hours. The two prices were read 52 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 | Kraken Futures PF_ZENUSD | 7.5952 | 0.1158 | pay 0.0145% / 1h | 8m 22s | $488K | $605K | 25x |
| Short | KuCoin ZENUSDTM | 7.5850 | −0.0048 | pay 0.0048% / 8h | 5h 08m | $4.1M | $3.3M | 50x |
Kraken Futures PF_ZENUSD
KuCoin ZENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$253.3
- Price spread: −0.135% → −0.171%
- $3.68
- Slippage, 4 orders
- −$170.91
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$442.53
- Costs to cover
- 1.929%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 38 min ago; KuCoin: 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 Kraken Futures live order book, 38 min ago | 31.60 bp | 92.0 bp −$92 | 173.8 bp −$1,738 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 4.62 bp | 30.8 bp −$31 | 72.7 bp −$727 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZENUSDTMshort | −0.0048% | 8h | 7.5850 | −0.135% | $4.1M | $3.3M | 50x | |
| dYdX ZEN-USD | 0.0000% | 1h | 7.5798 | −0.204% | $9K | — | 5x | as long as short |
| ApeX Omni ZENUSDT | +0.0027% | 1h | 7.5660 | −0.385% | $26K | $663K | 50x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0082% | 4h | 7.5850 | −0.135% | $2.2M | $4.8M | 50x | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.5990 | +0.050% | $2.4M | $990K | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.5900 | −0.068% | $34K | $386K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.5854 | −0.129% | $10.9M | $27.9M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.5880 | −0.095% | $4.4M | $4.8M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.5880 | −0.095% | $11.9M | $4.9M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.5790 | −0.214% | $2.8M | $2.8M | 50x | as long as short |
dYdX ZEN-USD
ApeX Omni ZENUSDT
OKX ZEN-USDT-SWAP
Hyperliquid ZEN
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
Bitget ZENUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEN-USDT | +0.0100% | 8h | 7.5870 | −0.108% | — | $2.8M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.5686 | −0.351% | $50K | $54K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.5759 | −0.254% | $565K | $3.4M | 10x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.5820 | −0.174% | $1K | $1.2M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.5945 | −0.010% | $22K | $240K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.5820 | −0.174% | $819K | $1.5M | 75x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.1158% | 1h | 7.5952 | long leg | $488K | $605K | 25x |
BingX ZEN-USDT
Variational Omni ZEN
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT