Funding you earn now, next payment 03:00 UTC+0.3085%/8h= +337.8% APRpaid last 24h +0.378%
Price spread now: Kraken Futures against Bitget+0.582%48s7-day average +0.194% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as 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−$1311.310% of the position
Funding, last 7 days+1.264%+$126 on $10k
+Price spread, last 4 days (all we have)−0.792%−$79 · spread now +0.582%, 7d avg +0.194%
=Both sides work for this trade now. Funding pays +$93 a day on $10k at the current rate, and Kraken Futures is 0.388% dearer against Bitget than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.194%. The two prices were read 48 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 1.264% in total (about 65.9% 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 | Bitget ZENUSDT | 7.6690 | 0.0100 | pay 0.0100% / 8h | 5h 09m | $2.9M | $3.2M | 50x |
| Short | Kraken Futures PF_ZENUSD | 7.7136 | 0.3185 | get 0.0398% / 1h | 9m 31s | $505K | $1.0M | 25x |
Bitget ZENUSDT
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $647.85
- Price spread: +0.582% → +0.194%
- $38.8
- Slippage, 4 orders
- −$109.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $555.61
- Costs to cover
- 1.310%
- Break-even
- 1.0 days
Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 5.21 bp | 21.6 bp −$22 | 47.4 bp −$474 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 33.70 bp | 42.6 bp −$43 | 141.9 bp −$1,419 | 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 | 7.6740 | +0.065% | $9K | — | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6830 | +0.182% | $53K | $375K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6751 | +0.079% | $11.2M | $29.8M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6730 | +0.052% | $4.6M | $5.8M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.6700 | +0.013% | $2.3M | $5.4M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6750 | +0.078% | $12.0M | $5.0M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.6770 | +0.104% | $4.1M | $4.5M | 50x | as long as short |
| Bitget ZENUSDTlong | +0.0100% | 8h | 7.6690 | long leg | $2.9M | $3.2M | 50x | |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6790 | +0.130% | — | $3.2M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6855 | +0.215% | $51K | $83K | — | as long as short |
dYdX ZEN-USD
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
KuCoin ZENUSDTM
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 | 7.7005 | +0.411% | $582K | $1.9M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7010 | +0.417% | $26K | $685K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6860 | +0.222% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6731 | +0.054% | $25K | $121K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6980 | +0.378% | $847K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0359% | 1h | 7.6904 | +0.279% | $2.5M | $1.3M | 5x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.3185% | 1h | 7.7136 | +0.582% | $505K | $1.0M | 25x |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN