Funding you earn now, next payment 02:00 UTC+0.3112%/8h= +340.8% APRpaid last 24h +0.380%
Price spread now: Kraken Futures against KuCoin+0.402%7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1921.916% of the position
Funding, last 7 days+1.387%+$139 on $10k
+Price spread, last 3 days (all we have)−0.309%−$31 · spread now +0.402%, 7d avg +0.166%
=Both sides work for this trade now. Funding pays +$93 a day on $10k at the current rate, and Kraken Futures is 0.236% dearer against KuCoin than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.166%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.387% in total (about 72.3% 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 | KuCoin ZENUSDTM | 7.6940 | 0.0100 | pay 0.0100% / 8h | 6h 45m | $4.4M | $4.7M | 50x |
| Short | Kraken Futures PF_ZENUSD | 7.7249 | 0.3212 | get 0.0402% / 1h | 45m 01s | $505K | $1.0M | 25x |
KuCoin ZENUSDTM
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $653.62
- Price spread: +0.402% → +0.166%
- $23.58
- Slippage, 4 orders
- −$169.57
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $485.63
- Costs to cover
- 1.916%
- Break-even
- 1.8 days
Slippage from KuCoin: live order book, 8 min ago; Kraken Futures: live order book, 3 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 KuCoin live order book, 8 min ago | 4.52 bp | 40.3 bp −$40 | 85.2 bp −$852 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 41.92 bp | 48.5 bp −$48 | 155.4 bp −$1,554 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZENUSDT | −0.0119% | 1h | 7.7140 | +0.260% | $26K | $687K | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.6958 | +0.024% | $9K | — | 5x | as long as short |
| Variational Omni ZEN | +0.0053% | 8h | 7.6978 | +0.049% | $51K | $85K | — | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6876 | −0.083% | $55K | $383K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6940 | 0.000% | $11.1M | $31.5M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6870 | −0.091% | $4.6M | $6.1M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.6870 | −0.091% | $2.3M | $5.6M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6950 | +0.013% | $12.2M | $5.3M | 200x | as long as short |
| KuCoin ZENUSDTMlong | +0.0100% | 8h | 7.6940 | long leg | $4.4M | $4.7M | 50x | |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6940 | 0.000% | $2.9M | $3.5M | 50x | as long as short |
ApeX Omni ZENUSDT
dYdX ZEN-USD
Variational Omni ZEN
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEN-USDT | +0.0100% | 8h | 7.6990 | +0.065% | — | $3.3M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7440 | +0.650% | $589K | $1.8M | 10x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6880 | −0.078% | $1K | $1.4M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6920 | −0.025% | $28K | $122K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.7330 | +0.507% | $864K | $1.7M | 75x | as long as short |
| Hyperliquid ZEN | +0.0457% | 1h | 7.7105 | +0.214% | $2.4M | $1.7M | 5x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.3212% | 1h | 7.7249 | +0.402% | $505K | $1.0M | 25x |
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN