Funding you earn now, next payment 03:00 UTC−0.3111%/8h= −340.6% APRnext payment −$3.89 per $10,000 · paid last 24h −0.391%
Price spread now: ApeX Omni against Kraken Futures−0.151%7-day average −0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1371.367% of the position
Funding, last 7 days−1.330%−$133 on $10k
+Price spread, last 4 days (all we have)+0.564%+$56 · spread now −0.151%, 7d avg −0.155%
=The price spread sits at its 7-day average of −0.155%, so right now this pair is about funding alone: −$93 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.330% in total (about -69.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.89 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 | Kraken Futures PF_ZENUSD | 7.6515 | 0.3211 | pay 0.0401% / 1h | 1m 14s | $501K | $1.0M | 25x |
| Short | ApeX Omni ZENUSDT | 7.6400 | 0.0100 | get 0.0013% / 1h | 1m 14s | $26K | $686K | 50x |
Kraken Futures PF_ZENUSD
ApeX Omni ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. 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
- −$653.28
- Price spread: −0.151% → −0.155%
- $0.48
- Slippage, 4 orders
- −$116.73
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$789.53
- Costs to cover
- 1.367%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; ApeX Omni: live order book, 62 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 Kraken Futures live order book, 2 min ago | 43.72 bp | 54.6 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 62 min ago | 8.37 bp | 16.5 bp −$17 | 110.1 bp −$1,101 | 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 | 7.6300 | −0.282% | $9K | — | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6295 | −0.288% | $53K | $375K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6260 | −0.334% | $11.1M | $29.8M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6210 | −0.399% | $4.5M | $5.8M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.6190 | −0.425% | $2.3M | $5.4M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6270 | −0.320% | $11.9M | $5.0M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.6250 | −0.347% | $4.1M | $4.5M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6250 | −0.347% | $2.8M | $3.2M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6250 | −0.347% | — | $3.2M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6275 | −0.314% | $51K | $83K | — | as long as short |
dYdX ZEN-USD
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
KuCoin ZENUSDTM
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 | 7.6321 | −0.253% | $571K | $1.9M | 10x | as long as short |
| ApeX Omni ZENUSDTshort | +0.0100% | 1h | 7.6400 | −0.151% | $26K | $686K | 50x | |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6290 | −0.294% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6223 | −0.382% | $25K | $121K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6250 | −0.347% | $845K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0356% | 1h | 7.6421 | −0.123% | $2.5M | $1.3M | 5x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.3211% | 1h | 7.6515 | long leg | $501K | $1.0M | 25x |
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN