Funding you earn now, next payment 01:00 UTC−0.2865%/8h= −313.7% APRpaid last 24h −0.314%
Price spread now: SunX against Kraken Futures−0.436%7-day average −0.171% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.190%−$119 on $10k
+Price spread, last 3 days (all we have)+0.231%+$23 · spread now −0.436%, 7d avg −0.171%
=Both sides work against this trade now: funding costs −$86 a day on $10k at the current rate, and SunX is 0.265% cheaper against Kraken Futures than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.171%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.190% in total (about -62.0% 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 | 7.8271 | 0.2965 | pay 0.0371% / 1h | 24m 49s | $512K | $1.0M | 25x |
| Short | SunX ZEN-USDT | 7.7930 | 0.0100 | get 0.0100% / 8h | 7h 24m | $2K | $1.4M | 20x |
Kraken Futures PF_ZENUSD
SunX ZEN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$601.55
- Price spread: −0.436% → −0.171%
- −$26.49
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$646.04
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 4 min ago; SunX: live order book, 10 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 Kraken Futures live order book, 4 min ago | 41.04 bp | 66.5 bp −$67 | 208.4 bp −$2,084 | doesn't fit | doesn't fit |
| Sell SunX live order book, 10 min ago | 501.00 bp | doesn't fit | 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 | 7.7928 | −0.438% | $9K | — | 5x | as long as short |
| Variational Omni ZEN | +0.0006% | 8h | 7.7842 | −0.548% | $52K | $85K | — | as long as short |
| KuCoin ZENUSDTM | +0.0091% | 8h | 7.7980 | −0.372% | $4.4M | $4.8M | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7991 | −0.358% | $53K | $378K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7976 | −0.377% | $11.3M | $31.2M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7930 | −0.436% | $4.7M | $6.1M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.7890 | −0.487% | $2.3M | $5.7M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7970 | −0.385% | $12.5M | $5.3M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7940 | −0.423% | $2.9M | $3.4M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7960 | −0.397% | — | $3.3M | — | as long as short |
dYdX ZEN-USD
Variational Omni ZEN
KuCoin ZENUSDTM
Aster ZENUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7800 | −0.602% | $585K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7780 | −0.627% | $27K | $688K | 50x | as long as short |
| SunX ZEN-USDTshort | +0.0100% | 8h | 7.7930 | −0.436% | $2K | $1.4M | 20x | |
| Extended ZEN-USD | +0.0104% | 1h | 7.7975 | −0.378% | $22K | $121K | 5x | as long as short |
| Hyperliquid ZEN | +0.0182% | 1h | 7.8146 | −0.160% | $2.5M | $1.7M | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.7900 | −0.474% | $850K | $1.8M | 75x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.2965% | 1h | 7.8271 | long leg | $512K | $1.0M | 25x |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
Extended ZEN-USD
Hyperliquid ZEN
BloFin ZEN-USDT