Funding you earn now, next payment 05:00 UTC+0.2258%/8h= +247.2% APRpaid last 24h +0.504%
Price spread now: Kraken Futures against OKX+0.304%7-day average +0.255% · you sell dearer than you buy
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1321.323% of the position
Funding, last 7 days+1.467%+$147 on $10k
+Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.304%, 7d avg +0.255%
=Both sides work for this trade now. Funding pays +$68 a day on $10k at the current rate, and Kraken Futures is 0.049% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.255%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.467% in total (about 76.5% 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 | OKX ZEN-USDT-SWAP | 7.6610 | 0.0077 | pay 0.0038% / 4h | 3h 16m | $2.3M | $5.2M | 50x |
| Short | Kraken Futures PF_ZENUSD | 7.6843 | 0.2334 | get 0.0292% / 1h | 16m 24s | $496K | $1.0M | 25x |
OKX ZEN-USDT-SWAP
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $474.1
- Price spread: +0.304% → +0.255%
- $4.88
- Slippage, 4 orders
- −$112.34
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $346.64
- Costs to cover
- 1.323%
- Break-even
- 1.9 days
Slippage from OKX: live order book, 1 min ago; Kraken Futures: live order book, 2 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 OKX live order book, 1 min ago | 1.30 bp | 19.7 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 41.56 bp | 46.7 bp −$47 | 121.7 bp −$1,217 | 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 | 7.6783 | +0.226% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0058% | 8h | 7.6720 | +0.144% | $4.1M | $4.2M | 50x | as long as short |
| OKX ZEN-USDT-SWAPlong | +0.0077% | 4h | 7.6610 | long leg | $2.3M | $5.2M | 50x | |
| Aster ZENUSDT | +0.0100% | 8h | 7.6678 | +0.089% | $44K | $385K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6663 | +0.069% | $11.0M | $29.8M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6620 | +0.013% | $4.5M | $5.7M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6740 | +0.170% | $11.7M | $5.0M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6690 | +0.104% | $2.8M | $3.0M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6660 | +0.065% | — | $3.1M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6672 | +0.080% | $55K | $89K | — | as long as short |
dYdX ZEN-USD
KuCoin ZENUSDTM
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
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 | 7.6754 | +0.188% | $578K | $2.3M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6730 | +0.157% | $27K | $682K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6780 | +0.222% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6642 | +0.042% | $25K | $142K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6690 | +0.104% | $825K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0248% | 1h | 7.6794 | +0.240% | $2.5M | $1.3M | 5x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.2334% | 1h | 7.6843 | +0.304% | $496K | $1.0M | 25x |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN