Funding you earn now, next payment 21:00 UTC−0.1309%/8h= −143.3% APRnext payment −$1.64 per $10,000 · paid last 24h −0.379%
Price spread now: Extended against Kraken Futures−0.167%7-day average −0.214% · you buy dearer than you sell
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1131.134% of the position
Funding, last 7 days−1.185%−$119 on $10k
+Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.167%, 7d avg −0.214%
=Together, before fees−1.175%+ Points / potential airdropExtended: Active · farm board−$118 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.047% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.167% now, against its 7-day average of −0.214%): +$5 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−1.185% in total) that is about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZENUSD | 7.7332 | 0.1341 | pay 0.0168% / 1h | 30m 57s | $491K | $1.2M | 25x |
| Short | Extended ZEN-USD | 7.7203 | 0.0032 | get 0.0004% / 1h | 30m 57s | $25K | $110K | 5x |
Kraken Futures PF_ZENUSD
Extended ZEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$274.84
- Price spread: −0.167% → −0.214%
- $4.67
- Slippage, 4 orders
- −$98.39
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$383.55
- Costs to cover
- 1.134%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Extended: live order book, 15 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, 3 min ago | 10.37 bp | 48.1 bp −$48 | 100.4 bp −$1,004 | doesn't fit | doesn't fit |
| Sell Extended live order book, 15 min ago | 2.22 bp | 20.3 bp −$20 | 188.2 bp −$1,882 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | −0.0202% | 8h | 7.6976 | −0.460% | $51K | $250K | — | as long as short |
| OKX ZEN-USDT-SWAP | −0.0042% | 4h | 7.7180 | −0.196% | $2.3M | $7.3M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7219 | −0.145% | $9K | — | 5x | as long as short |
| MEXC ZEN_USDT | +0.0031% | 8h | 7.7190 | −0.183% | $12.3M | $6.6M | 200x | as long as short |
| Binance ZENUSDT | +0.0032% | 8h | 7.7230 | −0.131% | $10.9M | $35.2M | 75x | as long as short |
| Extended ZEN-USDshort | +0.0032% | 1h | 7.7203 | −0.167% | $25K | $110K | 5x | |
| KuCoin ZENUSDTM | +0.0042% | 8h | 7.7210 | −0.157% | $4.4M | $5.5M | 50x | as long as short |
| Bitget ZENUSDT | +0.0045% | 8h | 7.7180 | −0.196% | $2.8M | $4.0M | 50x | as long as short |
| Aster ZENUSDT | +0.0074% | 8h | 7.7192 | −0.181% | $40K | $316K | 10x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7160 | −0.222% | $4.6M | $8.7M | 75x | as long as short |
Variational Omni ZEN
OKX ZEN-USDT-SWAP
dYdX ZEN-USD
MEXC ZEN_USDT
Binance ZENUSDT
KuCoin ZENUSDTM
Bitget ZENUSDT
Aster ZENUSDT
Bybit ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEN-USDT | +0.0100% | 8h | 7.7150 | −0.235% | — | $3.5M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7170 | −0.209% | $579K | $1.5M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7060 | −0.351% | $27K | $684K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7150 | −0.235% | $1K | $1.5M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0127% | 8h | 7.7150 | −0.235% | $828K | $2.1M | 75x | as long as short |
| Hyperliquid ZEN | +0.0240% | 1h | 7.7431 | +0.128% | $2.5M | $2.5M | 5x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.1341% | 1h | 7.7332 | long leg | $491K | $1.2M | 25x |
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Hyperliquid ZEN