Funding you earn now, next payment 04:00 UTC+0.3030%/8h= +331.7% APRpaid last 24h +0.420%
Price spread now: Kraken Futures against MEXC+0.083%7-day average +0.174% · you sell dearer than you buy
Net, funding: paid 7d − costs+$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as 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%
=Funding pays, the price is against you. Kraken Futures is 0.091% cheaper against MEXC than usual: you would sell low and buy high (spread +0.083% now, against its 7-day average of +0.174%). If the spread goes back, that is −$9 on $10k: about 2 hours of funding at the current rate (+$91 a day). 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 | MEXC ZEN_USDT | 7.5680 | 0.0100 | pay 0.0100% / 8h | 4h 40m | $11.5M | $5.1M | 200x |
| Short | Kraken Futures PF_ZENUSD | 7.5743 | 0.3130 | get 0.0391% / 1h | 40m 51s | $490K | $1.0M | 25x |
MEXC ZEN_USDT
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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%
- −$9.14
- Slippage, 4 orders
- −$101.04
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $512.04
- Costs to cover
- 1.150%
- Break-even
- 1.4 days
Slippage from MEXC: live order book, 2 min ago; Kraken Futures: 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 MEXC live order book, 2 min ago | 1.33 bp | 6.6 bp −$7 | 35.4 bp −$354 | 103.0 bp −$10.3K | 174.4 bp −$87.2K |
| Sell Kraken Futures live order book, 2 min ago | 30.37 bp | 55.4 bp −$55 | 117.7 bp −$1,177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZEN-USD | 0.0000% | 1h | 7.5491 | −0.249% | $9K | — | 5x | as long as short |
| ApeX Omni ZENUSDT | +0.0023% | 1h | 7.5420 | −0.344% | $26K | $689K | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.5591 | −0.117% | $52K | $374K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.5697 | +0.023% | $10.9M | $30.2M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.5630 | −0.066% | $4.4M | $5.9M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.5680 | 0.000% | $2.2M | $5.4M | 50x | as long as short |
| MEXC ZEN_USDTlong | +0.0100% | 8h | 7.5680 | long leg | $11.5M | $5.1M | 200x | |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.5690 | +0.013% | $4.0M | $4.4M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.5670 | −0.013% | $2.8M | $3.2M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.5670 | −0.013% | — | $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 | −0.289% | $54K | $89K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.5380 | −0.396% | $574K | $2.0M | 10x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.5530 | −0.198% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.5661 | −0.026% | $24K | $140K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.5430 | −0.330% | $837K | $1.5M | 75x | as long as short |
| Hyperliquid ZEN | +0.0233% | 1h | 7.5831 | +0.200% | $2.4M | $1.4M | 5x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.3130% | 1h | 7.5743 | +0.083% | $490K | $1.0M | 25x |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN