Funding you earn now, next payment 04:00 UTC−0.3030%/8h= −331.7% APRpaid last 24h −0.420%
Price spread now: MEXC against Kraken Futures−0.083%7-day average −0.174% · you buy dearer than you sell
Net, funding: paid 7d − costs−$250as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1151.150% of the position
Funding, last 7 days−1.353%−$135 on $10k
+Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.083%, 7d avg −0.174%
=The price spread pays, funding is against you. MEXC is 0.091% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.083% now, against its 7-day average of −0.174%): +$9 on $10k if it goes back. Holding the pair costs −$91 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−1.353% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.353% in total (about -70.6% a year). A funding rate is set anew for every payment. 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 | 7.5743 | 0.3130 | pay 0.0391% / 1h | 40m 52s | $490K | $1.0M | 25x |
| Short | MEXC ZEN_USDT | 7.5680 | 0.0100 | get 0.0100% / 8h | 4h 40m | $11.5M | $5.1M | 200x |
Kraken Futures PF_ZENUSD
MEXC ZEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$636.22
- Price spread: −0.083% → −0.174%
- $9.15
- Slippage, 4 orders
- −$101.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$742.12
- Costs to cover
- 1.150%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; MEXC: 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, 2 min ago | 30.37 bp | 45.2 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.33 bp | 7.9 bp −$8 | 31.8 bp −$318 | 90.6 bp −$9,061 | 150.4 bp −$75.2K |
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-USD | 0.0000% | 1h | 7.5491 | −0.332% | $9K | — | 5x | as long as short |
| ApeX Omni ZENUSDT | +0.0023% | 1h | 7.5420 | −0.426% | $26K | $689K | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.5591 | −0.200% | $52K | $374K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.5697 | −0.060% | $10.9M | $30.2M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.5630 | −0.149% | $4.4M | $5.9M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.5680 | −0.083% | $2.2M | $5.4M | 50x | as long as short |
| MEXC ZEN_USDTshort | +0.0100% | 8h | 7.5680 | −0.083% | $11.5M | $5.1M | 200x | |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.5690 | −0.069% | $4.0M | $4.4M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.5670 | −0.096% | $2.8M | $3.2M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.5670 | −0.096% | — | $3.2M | — | as long as short |
dYdX ZEN-USD
ApeX Omni ZENUSDT
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
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 | 7.5461 | −0.372% | $54K | $89K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.5380 | −0.479% | $574K | $2.0M | 10x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.5530 | −0.281% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.5661 | −0.108% | $24K | $140K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.5430 | −0.413% | $837K | $1.5M | 75x | as long as short |
| Hyperliquid ZEN | +0.0233% | 1h | 7.5831 | +0.117% | $2.4M | $1.4M | 5x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.3130% | 1h | 7.5743 | long leg | $490K | $1.0M | 25x |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN