Funding you earn now, next payment 23:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h −0.063%
Price spread now: OKX against ApeX Omni−0.052%100s7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as 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−$650.648% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 3 days (all we have)−0.323%−$32 · spread now −0.052%, 7d avg −0.112%
=The price spread pays, funding is against you. OKX is 0.060% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.112%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.055% in total) that is about 7.7 days. The two prices were read 100 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 -0.055% in total (about -2.9% 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 | ApeX Omni ZENUSDT | 7.6710 | 0.0100 | pay 0.0013% / 1h | 47m 48s | $27K | $684K | 50x |
| Short | OKX ZEN-USDT-SWAP | 7.6670 | −0.0093 | pay 0.0046% / 4h | 1h 47m | $2.3M | $5.8M | 50x |
ApeX Omni ZENUSDT
OKX ZEN-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$40.46
- Price spread: −0.052% → −0.112%
- $6.01
- Slippage, 4 orders
- −$44.82
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$99.27
- Costs to cover
- 0.648%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 36 min ago; OKX: live order book, 5 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, 36 min ago | 6.52 bp | 15.1 bp −$15 | 121.4 bp −$1,214 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.96 bp | 16.8 bp −$17 | 81.6 bp −$816 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZEN-USDT-SWAPshort | −0.0093% | 4h | 7.6670 | −0.052% | $2.3M | $5.8M | 50x | |
| Variational Omni ZEN | −0.0068% | 8h | 7.6558 | −0.198% | $51K | $150K | — | as long as short |
| KuCoin ZENUSDTM | −0.0024% | 8h | 7.6670 | −0.052% | $4.3M | $5.1M | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.6707 | −0.004% | $9K | — | 5x | as long as short |
| Extended ZEN-USD | 0.0000% | 1h | 7.6659 | −0.066% | $25K | $110K | 5x | as long as short |
| MEXC ZEN_USDT | +0.0003% | 8h | 7.6680 | −0.039% | $12.2M | $5.6M | 200x | as long as short |
| Binance ZENUSDT | +0.0004% | 8h | 7.6710 | 0.000% | $11.0M | $32.0M | 75x | as long as short |
| BloFin ZEN-USDT | +0.0015% | 8h | 7.6720 | +0.013% | $839K | $1.9M | 75x | as long as short |
| Bitget ZENUSDT | +0.0034% | 8h | 7.6720 | +0.013% | $2.8M | $3.5M | 50x | as long as short |
| Aster ZENUSDT | +0.0063% | 8h | 7.6709 | −0.002% | $53K | $381K | 10x | as long as short |
Variational Omni ZEN
KuCoin ZENUSDTM
dYdX ZEN-USD
Extended ZEN-USD
MEXC ZEN_USDT
Binance ZENUSDT
BloFin ZEN-USDT
Bitget ZENUSDT
Aster ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZENUSDT | +0.0100% | 8h | 7.6700 | −0.013% | $4.7M | $6.8M | 75x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6700 | −0.013% | — | $3.4M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6547 | −0.213% | $579K | $1.6M | 10x | as long as short |
| ApeX Omni ZENUSDTlong | +0.0100% | 1h | 7.6710 | long leg | $27K | $684K | 50x | |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6620 | −0.117% | $1K | $1.4M | 20x | as long as short |
| Hyperliquid ZEN | +0.0117% | 1h | 7.6903 | +0.252% | $2.4M | $1.9M | 5x | as long as short |
| Kraken Futures PF_ZENUSD | +0.1895% | 1h | 7.6881 | +0.222% | $495K | $1.1M | 25x | as long as short |
Bybit ZENUSDT
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Hyperliquid ZEN
Kraken Futures PF_ZENUSD