ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.2225%/8h= +243.7% APRnext payment +$2.78 per $10,000 · paid last 24h +0.504%

Price spread now: Kraken Futures against dYdX+0.453%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and Kraken Futures is 0.453% dearer against dYdX than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ZEN-USD	7.7254	0	get 0.0000% / 1h	10m 27s	$9K	—	5x
Short	Kraken Futures PF_ZENUSD	7.7604	0.2225	get 0.0278% / 1h	10m 27s	$497K	$768K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee Kraken FuturesbpOrdersPrice spread, now +0.453%Rate

Funding earned: $467.35
Price spread: +0.453% → 0.000%: $45.3
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $492.66
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; Kraken Futures: live order book, 63 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 dYdX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 63 min ago	10.97 bp	25.9 bp −$26	73.4 bp −$734	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDlong	0.0000%	1h	7.7254	long leg	$9K	—	5x
KuCoin ZENUSDTM	+0.0004%	8h	7.7320	+0.085%	$4.1M	$3.9M	50x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.7454	+0.259%	$41K	$391K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.7445	+0.246%	$11.1M	$29.6M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7430	+0.228%	$4.5M	$5.5M	75x	as long as short
OKX ZEN-USDT-SWAP	+0.0100%	4h	7.7440	+0.241%	$2.3M	$5.3M	50x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.7530	+0.357%	$12.3M	$5.0M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.7500	+0.318%	$2.9M	$3.0M	50x	as long as short
BingX ZEN-USDT	+0.0100%	8h	7.7440	+0.241%	—	$2.9M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.7245	−0.011%	$55K	$69K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7299	+0.059%	$585K	$2.8M	10x	as long as short
ApeX Omni ZENUSDT	+0.0100%	1h	7.7260	+0.008%	$27K	$668K	50x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.7450	+0.253%	$2K	$1.3M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.7432	+0.230%	$22K	$234K	5x	as long as short
Hyperliquid ZEN	+0.0195%	1h	7.7662	+0.528%	$2.4M	$1.3M	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.7250	−0.005%	$832K	$1.6M	75x	as long as short
Kraken Futures PF_ZENUSDshort	+0.2225%	1h	7.7604	+0.453%	$497K	$768K	25x