Funding you earn now, next payment 07:00 UTC+0.2624%/8h= +287.3% APRpaid last 24h +0.443%
Price spread now: Kraken Futures against BloFin+0.091%57s7-day average +0.219% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as 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−$1351.354% of the position
Funding, last 7 days+1.225%+$123 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.091%, 7d avg +0.219%
=Funding pays, the price is against you. Kraken Futures is 0.129% cheaper against BloFin than usual: you would sell low and buy high (spread +0.091% now, against its 7-day average of +0.219%). If the spread goes back, that is −$13 on $10k: about 4 hours of funding at the current rate (+$79 a day). At the pace of the last 7 days (+1.225% in total) that is about 18 hours. The two prices were read 57 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 1.225% in total (about 63.9% 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 | BloFin ZEN-USDT | 7.7450 | 0.0220 | pay 0.0220% / 8h | 1h 41m | $834K | $1.6M | 75x |
| Short | Kraken Futures PF_ZENUSD | 7.7520 | 0.2844 | get 0.0356% / 1h | 41m 26s | $495K | $1.0M | 25x |
BloFin ZEN-USDT
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $551.07
- Price spread: +0.091% → +0.219%
- −$12.86
- Slippage, 4 orders
- −$113.4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $402.81
- Costs to cover
- 1.354%
- Break-even
- 1.9 days
Slippage from BloFin: live order book, 1 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 BloFin live order book, 1 min ago | 1.29 bp | 16.6 bp −$17 | 32.3 bp −$323 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 18.69 bp | 53.4 bp −$53 | 139.0 bp −$1,390 | 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 | 7.7393 | −0.074% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0054% | 4h | 7.7280 | −0.219% | $2.3M | $5.4M | 50x | as long as short |
| KuCoin ZENUSDTM | +0.0056% | 8h | 7.7280 | −0.219% | $4.1M | $4.1M | 50x | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.7439 | −0.014% | $2.4M | $1.3M | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7328 | −0.158% | $44K | $393K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7290 | −0.207% | $11.2M | $30.2M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7230 | −0.284% | $4.5M | $5.7M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7300 | −0.194% | $11.9M | $5.0M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7240 | −0.271% | $2.9M | $3.1M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7240 | −0.271% | — | $3.1M | — | as long as short |
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
Hyperliquid ZEN
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
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 | 7.7271 | −0.231% | $55K | $83K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7268 | −0.235% | $575K | $2.6M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7500 | +0.065% | $27K | $674K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7230 | −0.284% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.7199 | −0.324% | $22K | $129K | 5x | as long as short |
| BloFin ZEN-USDTlong | +0.0220% | 8h | 7.7450 | long leg | $834K | $1.6M | 75x | |
| Kraken Futures PF_ZENUSDshort | +0.2844% | 1h | 7.7520 | +0.091% | $495K | $1.0M | 25x |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD