ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.1177%/8h= −128.9% APRpaid last 24h −0.508%

Price spread now: KuCoin against Kraken Futures−0.173%7-day average −0.171% · you buy dearer than you sell

Net, funding: paid 7d − costs−$366as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$2022.019% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−1.645%−$165 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.173%, 7d avg −0.171%

Together, before fees−1.515%−$152 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.171%, so right now this pair is about funding alone: −$35 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZENUSD	7.6232	0.1154	pay 0.0144% / 1h	44m 41s	$490K	$604K	25x
Short	KuCoin ZENUSDTM	7.6100	−0.0023	pay 0.0023% / 8h	5h 44m	$4.1M	$3.5M	50x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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latest

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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now −0.173%Rate

Slippage from Kraken Futures: live order book, 1 min ago; KuCoin: live order book, 1 min ago.

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, 1 min ago	31.60 bp	92.0 bp −$92	173.8 bp −$1,738	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	3.29 bp	27.8 bp −$28	72.1 bp −$721	doesn't fit	doesn't fit

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
ApeX Omni ZENUSDT	−0.0236%	1h	7.6150	−0.107%	$26K	$665K	50x	as long as short
KuCoin ZENUSDTMshort	−0.0023%	8h	7.6100	−0.173%	$4.1M	$3.5M	50x
dYdX ZEN-USD	0.0000%	1h	7.6105	−0.166%	$9K	—	5x	as long as short
OKX ZEN-USDT-SWAP	+0.0067%	4h	7.6050	−0.238%	$2.2M	$4.8M	50x	as long as short
Hyperliquid ZEN	+0.0100%	1h	7.6188	−0.057%	$2.4M	$1.0M	5x	as long as short
Aster ZENUSDT	+0.0100%	8h	7.6136	−0.125%	$36K	$384K	10x	as long as short
Binance ZENUSDT	+0.0100%	8h	7.6080	−0.199%	$10.9M	$28.0M	75x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.6040	−0.251%	$4.5M	$4.8M	75x	as long as short
MEXC ZEN_USDT	+0.0100%	8h	7.6050	−0.238%	$11.9M	$4.8M	200x	as long as short
Bitget ZENUSDT	+0.0100%	8h	7.5990	−0.317%	$2.8M	$2.8M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.6030	−0.264%	—	$2.9M	—	as long as short
Variational Omni ZEN	+0.0100%	8h	7.6031	−0.264%	$50K	$55K	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.6130	−0.133%	$571K	$3.3M	10x	as long as short
SunX ZEN-USDT	+0.0100%	8h	7.6130	−0.133%	$2K	$1.2M	20x	as long as short
Extended ZEN-USD	+0.0104%	1h	7.6057	−0.229%	$22K	$236K	5x	as long as short
BloFin ZEN-USDT	+0.0220%	8h	7.6020	−0.278%	$831K	$1.5M	75x	as long as short
Kraken Futures PF_ZENUSDlong	+0.1154%	1h	7.6232	long leg	$490K	$604K	25x