ZEN

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.1241%/8h= +135.9% APRnext payment +$1.55 per $10,000 · paid last 24h +0.383%

Price spread now: Kraken Futures against ApeX Omni+0.353%7-day average +0.148% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$1021.023% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.199%+$120 on $10k

Price spread, last 3 days (all we have)−0.766%−$77 · spread now +0.353%, 7d avg +0.148%

Together, before fees+0.432%+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Kraken Futures is 0.204% dearer against ApeX Omni than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ZENUSDT	7.7060	0.0100	pay 0.0013% / 1h	30m 25s	$27K	$684K	50x
Short	Kraken Futures PF_ZENUSD	7.7332	0.1341	get 0.0168% / 1h	30m 25s	$491K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.353%Rate

Funding earned: $260.56
Price spread: +0.353% → +0.148%: $20.44
Slippage, 4 orders: −$82.28
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $178.72
Costs to cover: 1.023%
Break-even: 2.2 days

Slippage from ApeX Omni: live order book, 18 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 ApeX Omni live order book, 18 min ago	6.55 bp	14.0 bp −$14	109.2 bp −$1,092	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	10.37 bp	26.4 bp −$26	100.5 bp −$1,005	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	−0.0196%	8h	7.7069	+0.011%	$51K	$250K	—	as long as short
OKX ZEN-USDT-SWAP	−0.0041%	4h	7.7190	+0.169%	$2.3M	$7.3M	50x	as long as short
dYdX ZEN-USD	0.0000%	1h	7.7338	+0.360%	$9K	—	5x	as long as short
MEXC ZEN_USDT	+0.0031%	8h	7.7210	+0.195%	$12.3M	$6.6M	200x	as long as short
Binance ZENUSDT	+0.0031%	8h	7.7240	+0.234%	$10.9M	$35.2M	75x	as long as short
Extended ZEN-USD	+0.0032%	1h	7.7268	+0.270%	$25K	$110K	5x	as long as short
KuCoin ZENUSDTM	+0.0043%	8h	7.7260	+0.260%	$4.4M	$5.5M	50x	as long as short
Bitget ZENUSDT	+0.0046%	8h	7.7260	+0.260%	$2.8M	$4.0M	50x	as long as short
Aster ZENUSDT	+0.0074%	8h	7.7221	+0.209%	$40K	$316K	10x	as long as short
Bybit ZENUSDT	+0.0100%	8h	7.7210	+0.195%	$4.6M	$8.7M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZEN-USDT	+0.0100%	8h	7.7230	+0.221%	—	$3.5M	—	as long as short
GRVT ZEN_USDT_Perp	+0.0100%	8h	7.7170	+0.143%	$579K	$1.5M	10x	as long as short
ApeX Omni ZENUSDTlong	+0.0100%	1h	7.7060	long leg	$27K	$684K	50x
SunX ZEN-USDT	+0.0100%	8h	7.7150	+0.117%	$1K	$1.5M	20x	as long as short
BloFin ZEN-USDT	+0.0127%	8h	7.7150	+0.117%	$828K	$2.1M	75x	as long as short
Hyperliquid ZEN	+0.0241%	1h	7.7433	+0.484%	$2.5M	$2.5M	5x	as long as short
Kraken Futures PF_ZENUSDshort	+0.1341%	1h	7.7332	+0.353%	$491K	$1.2M	25x