Funding you earn now, next payment 05:00 UTC+0.2234%/8h= +244.7% APRnext payment +$2.79 per $10,000 · paid last 24h +0.456%
Price spread now: Kraken Futures against ApeX Omni+0.147%75s7-day average +0.162% · you sell dearer than you buy
Net, funding: paid 7d − costs+$18as 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−$1231.227% of the position
Funding, last 7 days+1.406%+$141 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.147%, 7d avg +0.162%
=The price spread sits at its 7-day average of +0.162%, so right now this pair is about funding alone: +$67 a day on $10k at the current rate. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.406% in total (about 73.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.79 per $10,000. 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 | ApeX Omni ZENUSDT | 7.6730 | 0.0100 | pay 0.0013% / 1h | 16m 05s | $27K | $682K | 50x |
| Short | Kraken Futures PF_ZENUSD | 7.6843 | 0.2334 | get 0.0292% / 1h | 16m 05s | $496K | $1.0M | 25x |
ApeX Omni ZENUSDT
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. 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
- $469.21
- Price spread: +0.147% → +0.162%
- −$1.5
- Slippage, 4 orders
- −$102.73
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $344.97
- Costs to cover
- 1.227%
- Break-even
- 1.9 days
Slippage from ApeX Omni: live order book, 37 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 ApeX Omni live order book, 37 min ago | 6.51 bp | 14.0 bp −$14 | 101.0 bp −$1,010 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 41.56 bp | 46.7 bp −$47 | 121.7 bp −$1,217 | 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 | 7.6783 | +0.070% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0058% | 8h | 7.6660 | −0.091% | $4.1M | $4.2M | 50x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0077% | 4h | 7.6620 | −0.143% | $2.2M | $5.2M | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6676 | −0.070% | $44K | $385K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6640 | −0.117% | $11.0M | $29.8M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6610 | −0.156% | $4.5M | $5.7M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6650 | −0.104% | $11.7M | $5.0M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6690 | −0.052% | $2.8M | $3.0M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6660 | −0.091% | — | $3.1M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6672 | −0.076% | $55K | $89K | — | as long as short |
dYdX ZEN-USD
KuCoin ZENUSDTM
OKX ZEN-USDT-SWAP
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
Bitget ZENUSDT
BingX ZEN-USDT
Variational Omni ZENShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6754 | +0.032% | $578K | $2.3M | 10x | as long as short |
| ApeX Omni ZENUSDTlong | +0.0100% | 1h | 7.6730 | long leg | $27K | $682K | 50x | |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6780 | +0.065% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6642 | −0.115% | $25K | $142K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6690 | −0.052% | $825K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0250% | 1h | 7.6799 | +0.090% | $2.5M | $1.3M | 5x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.2334% | 1h | 7.6843 | +0.147% | $496K | $1.0M | 25x |
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN