Funding you earn now, next payment 04:00 UTC+0.2983%/8h= +326.6% APRpaid last 24h +0.409%
Price spread now: Kraken Futures against BingX+0.401%7-day average +0.206% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1601.601% of the position
Funding, last 7 days+1.294%+$129 on $10k
+Price spread, last 4 days (all we have)−0.427%−$43 · spread now +0.401%, 7d avg +0.206%
=Both sides work for this trade now. Funding pays +$89 a day on $10k at the current rate, and Kraken Futures is 0.194% dearer against BingX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.206%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.294% in total (about 67.5% 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 | BingX ZEN-USDT | 7.6580 | 0.0100 | pay 0.0100% / 8h | 4h 16m | — | $3.1M | — |
| Short | Kraken Futures PF_ZENUSD | 7.6887 | 0.3083 | get 0.0385% / 1h | 16m 43s | $498K | $999K | 25x |
BingX ZEN-USDT
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $626.44
- Price spread: +0.401% → +0.206%
- $19.43
- Slippage, 4 orders
- −$140.11
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $485.77
- Costs to cover
- 1.601%
- Break-even
- 1.6 days
Slippage from BingX: live order book, 3 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 BingX live order book, 3 min ago | 4.56 bp | 15.4 bp −$15 | 31.6 bp −$316 | 303.2 bp −$30.3K | 439.9 bp −$219.9K |
| Sell Kraken Futures live order book, 2 min ago | 50.78 bp | 61.0 bp −$61 | 127.3 bp −$1,273 | 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 | 7.6692 | +0.147% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0076% | 4h | 7.6600 | +0.026% | $2.3M | $5.4M | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6725 | +0.189% | $53K | $373K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6695 | +0.150% | $11.1M | $30.1M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6640 | +0.078% | $4.5M | $5.9M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6700 | +0.157% | $11.7M | $5.1M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.6670 | +0.118% | $4.1M | $4.4M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6660 | +0.104% | $2.9M | $3.2M | 50x | as long as short |
| BingX ZEN-USDTlong | +0.0100% | 8h | 7.6580 | long leg | — | $3.1M | — | |
| Variational Omni ZEN | +0.0100% | 8h | 7.6741 | +0.210% | $55K | $89K | — | as long as short |
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
KuCoin ZENUSDTM
Bitget ZENUSDT
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 | 7.6686 | +0.139% | $578K | $2.0M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6730 | +0.196% | $27K | $684K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6750 | +0.222% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6664 | +0.110% | $22K | $144K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6690 | +0.144% | $819K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0348% | 1h | 7.6851 | +0.354% | $2.5M | $1.3M | 5x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.3083% | 1h | 7.6887 | +0.401% | $498K | $999K | 25x |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN