Funding you earn now, next payment 07:00 UTC−0.2755%/8h= −301.7% APRpaid last 24h −0.465%
Price spread now: Aster against Kraken Futures−0.110%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1431.435% of the position
Funding, last 6 days (all we have)−1.449%−$145 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.110%, 7d avg −0.158%
=Together, before fees−1.508%+ Points / potential airdropAster: Stage 5 · farm board−$151 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.048% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.110% now, against its 7-day average of −0.158%): +$5 on $10k if it goes back. Holding the pair costs −$83 a day in funding at the current rate, which eats that in about 1 hour. At the pace of the last 6 days (−1.449% in total) that is about 4 hours.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -1.449% in total (about -94.0% 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 | Kraken Futures PF_ZENUSD | 7.7228 | 0.2855 | pay 0.0357% / 1h | 1m 58s | $494K | $877K | 25x |
| Short | Aster ZENUSDT | 7.7143 | 0.0100 | get 0.0100% / 8h | 1h 01m | $43K | $393K | 10x |
Kraken Futures PF_ZENUSD
Aster ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$578.53
- Price spread: −0.110% → −0.158%
- $4.8
- Slippage, 4 orders
- −$125.49
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$717.22
- Costs to cover
- 1.435%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 11 min ago; Aster: live order book, 40 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, 11 min ago | 10.97 bp | 69.8 bp −$70 | 119.4 bp −$1,194 | doesn't fit | doesn't fit |
| Sell Aster live order book, 40 min ago | 7.77 bp | 24.3 bp −$24 | doesn't fit | 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 | 7.7165 | −0.082% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0021% | 8h | 7.7070 | −0.204% | $4.1M | $4.0M | 50x | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.7250 | +0.029% | $2.4M | $1.3M | 5x | as long as short |
| Aster ZENUSDTshort | +0.0100% | 8h | 7.7143 | −0.110% | $43K | $393K | 10x | |
| Binance ZENUSDT | +0.0100% | 8h | 7.7070 | −0.204% | $11.1M | $29.8M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7030 | −0.256% | $4.5M | $5.6M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.7070 | −0.204% | $2.3M | $5.3M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7070 | −0.204% | $12.2M | $5.1M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7070 | −0.204% | $2.9M | $3.0M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7080 | −0.191% | — | $3.0M | — | as long as short |
dYdX ZEN-USD
KuCoin ZENUSDTM
Hyperliquid ZEN
Binance ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
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 | 7.7251 | +0.031% | $55K | $69K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7209 | −0.025% | $579K | $2.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7170 | −0.075% | $27K | $671K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7130 | −0.127% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.7068 | −0.207% | $22K | $130K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.7170 | −0.075% | $838K | $1.6M | 75x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.2855% | 1h | 7.7228 | long leg | $494K | $877K | 25x |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT