Funding you earn now, next payment 05:00 UTC+0.2239%/8h= +245.2% APRpaid last 24h +0.456%
Price spread now: Kraken Futures against MEXC+0.370%51s7-day average +0.172% · you sell dearer than you buy
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1231.230% of the position
Funding, last 7 days+1.393%+$139 on $10k
+Price spread, last 4 days (all we have)−0.327%−$33 · spread now +0.370%, 7d avg +0.172%
=Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and Kraken Futures is 0.199% dearer against MEXC than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.172%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.393% in total (about 72.6% 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 | MEXC ZEN_USDT | 7.6400 | 0.0100 | pay 0.0100% / 8h | 3h 44m | $11.6M | $5.0M | 200x |
| Short | Kraken Futures PF_ZENUSD | 7.6683 | 0.2339 | get 0.0292% / 1h | 44m 24s | $495K | $1.0M | 25x |
MEXC ZEN_USDT
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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
- $470.23
- Price spread: +0.370% → +0.172%
- $19.86
- Slippage, 4 orders
- −$108.99
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $367.1
- Costs to cover
- 1.230%
- Break-even
- 1.5 days
Slippage from MEXC: live order book, 4 min ago; Kraken Futures: live order book, 4 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 MEXC live order book, 4 min ago | 1.31 bp | 7.6 bp −$8 | 17.2 bp −$172 | 91.3 bp −$9,130 | 184.1 bp −$92.1K |
| Sell Kraken Futures live order book, 4 min ago | 47.67 bp | 52.8 bp −$53 | 125.3 bp −$1,253 | 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 | 7.6437 | +0.048% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0043% | 8h | 7.6330 | −0.092% | $4.1M | $4.3M | 50x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0050% | 4h | 7.6370 | −0.039% | $2.2M | $5.3M | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6262 | −0.181% | $48K | $381K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6391 | −0.012% | $11.0M | $30.3M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6350 | −0.065% | $4.5M | $5.8M | 75x | as long as short |
| MEXC ZEN_USDTlong | +0.0100% | 8h | 7.6400 | long leg | $11.6M | $5.0M | 200x | |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6340 | −0.079% | $2.8M | $3.1M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6390 | −0.013% | — | $3.1M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6332 | −0.089% | $54K | $89K | — | as long as short |
dYdX ZEN-USD
KuCoin ZENUSDTM
OKX ZEN-USDT-SWAP
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
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 | 7.6390 | −0.013% | $574K | $2.2M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6310 | −0.118% | $26K | $682K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6390 | −0.013% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6426 | +0.034% | $25K | $147K | 5x | as long as short |
| Hyperliquid ZEN | +0.0214% | 1h | 7.6527 | +0.166% | $2.5M | $1.3M | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6390 | −0.013% | $827K | $1.5M | 75x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.2339% | 1h | 7.6683 | +0.370% | $495K | $1.0M | 25x |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
Hyperliquid ZEN
BloFin ZEN-USDT