Funding you earn now, next payment 00:00 UTC−0.2535%/8h= −277.6% APRpaid last 24h −0.316%
Price spread now: SunX against Kraken Futures−0.343%7-day average −0.167% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.160%−$116 on $10k
+Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.343%, 7d avg −0.167%
=Both sides work against this trade now: funding costs −$76 a day on $10k at the current rate, and SunX is 0.176% cheaper against Kraken Futures than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.167%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.160% in total (about -60.5% 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 | 7.8219 | 0.2635 | pay 0.0329% / 1h | 46m 43s | $512K | $1.1M | 25x |
| Short | SunX ZEN-USDT | 7.7950 | 0.0100 | get 0.0100% / 8h | 46m 43s | $2K | $1.4M | 20x |
Kraken Futures PF_ZENUSD
SunX ZEN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$532.42
- Price spread: −0.343% → −0.167%
- −$17.64
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$568.06
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 2 min ago; SunX: live order book, 8 min ago. 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, 2 min ago | 26.84 bp | 48.6 bp −$49 | 179.0 bp −$1,790 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 500.19 bp | doesn't fit | doesn't fit | 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 | −0.0040% | 8h | 7.7765 | −0.580% | $52K | $85K | — | as long as short |
| OKX ZEN-USDT-SWAP | −0.0010% | 4h | 7.7860 | −0.458% | $2.3M | $5.9M | 50x | as long as short |
| KuCoin ZENUSDTM | −0.0003% | 8h | 7.7880 | −0.433% | $4.3M | $4.9M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7965 | −0.324% | $9K | — | 5x | as long as short |
| MEXC ZEN_USDT | +0.0047% | 8h | 7.7910 | −0.395% | $12.5M | $5.4M | 200x | as long as short |
| Extended ZEN-USD | +0.0048% | 1h | 7.7854 | −0.466% | $26K | $118K | 5x | as long as short |
| Binance ZENUSDT | +0.0050% | 8h | 7.7948 | −0.346% | $11.3M | $31.6M | 75x | as long as short |
| Bybit ZENUSDT | +0.0077% | 8h | 7.7830 | −0.497% | $4.7M | $6.3M | 75x | as long as short |
| BingX ZEN-USDT | +0.0089% | 8h | 7.7860 | −0.458% | — | $3.4M | — | as long as short |
| Bitget ZENUSDT | +0.0091% | 8h | 7.7870 | −0.446% | $2.9M | $3.5M | 50x | as long as short |
Variational Omni ZEN
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
dYdX ZEN-USD
MEXC ZEN_USDT
Extended ZEN-USD
Binance ZENUSDT
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 | 7.7908 | −0.397% | $53K | $375K | 10x | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.8020 | −0.254% | $582K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7860 | −0.458% | $27K | $683K | 50x | as long as short |
| SunX ZEN-USDTshort | +0.0100% | 8h | 7.7950 | −0.343% | $2K | $1.4M | 20x | |
| BloFin ZEN-USDT | +0.0170% | 8h | 7.7870 | −0.446% | $839K | $1.8M | 75x | as long as short |
| Hyperliquid ZEN | +0.0304% | 1h | 7.8147 | −0.092% | $2.5M | $1.8M | 5x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.2635% | 1h | 7.8219 | long leg | $512K | $1.1M | 25x |
Aster ZENUSDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
BloFin ZEN-USDT
Hyperliquid ZEN