Funding you earn now, next payment 07:00 UTC+0.2610%/8h= +285.8% APRpaid last 24h +0.443%
Price spread now: Kraken Futures against BloFin+0.186%117s7-day average +0.219% · 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—prices read too far apart to compare
costs, in and out, $10k−$1411.407% of the position
Funding, last 7 days+1.225%+$123 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.186%, 7d avg +0.219%
=Funding pays, the price is against you. Kraken Futures is 0.033% cheaper against BloFin than usual: you would sell low and buy high (spread +0.186% now, against its 7-day average of +0.219%). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$78 a day). At the pace of the last 7 days (+1.225% in total) that is about 5 hours. The two prices were read 117 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 1.225% in total (about 63.9% 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 | BloFin ZEN-USDT | 7.7770 | 0.0220 | pay 0.0220% / 8h | 1h 17m | $837K | $1.6M | 75x |
| Short | Kraken Futures PF_ZENUSD | 7.7915 | 0.2830 | get 0.0354% / 1h | 17m 20s | $498K | $934K | 25x |
BloFin ZEN-USDT
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $548.05
- Price spread: +0.186% → +0.219%
- −$3.32
- Slippage, 4 orders
- −$118.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $404.01
- Costs to cover
- 1.407%
- Break-even
- 1.8 days
Slippage from BloFin: live order book, 5 min ago; Kraken Futures: live order book, 1 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 BloFin live order book, 5 min ago | 5.16 bp | 16.9 bp −$17 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 16.71 bp | 37.4 bp −$37 | 97.5 bp −$975 | 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 | 7.7782 | +0.015% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0061% | 8h | 7.7790 | +0.026% | $4.1M | $4.0M | 50x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.7720 | −0.064% | $2.3M | $5.4M | 50x | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.7936 | +0.213% | $2.4M | $1.3M | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7768 | −0.002% | $44K | $393K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7727 | −0.055% | $11.2M | $30.0M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7710 | −0.077% | $4.5M | $5.6M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7730 | −0.051% | $12.4M | $5.1M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7730 | −0.051% | $2.9M | $3.1M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7770 | 0.000% | — | $3.0M | — | as long as short |
dYdX ZEN-USD
KuCoin ZENUSDTM
OKX ZEN-USDT-SWAP
Hyperliquid ZEN
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
MEXC ZEN_USDT
Bitget ZENUSDT
BingX ZEN-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | +0.0100% | 8h | 7.7481 | −0.371% | $55K | $79K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7721 | −0.063% | $579K | $2.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7550 | −0.283% | $27K | $673K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7810 | +0.051% | $2K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.7708 | −0.080% | $22K | $130K | 5x | as long as short |
| BloFin ZEN-USDTlong | +0.0220% | 8h | 7.7770 | long leg | $837K | $1.6M | 75x | |
| Kraken Futures PF_ZENUSDshort | +0.2830% | 1h | 7.7915 | +0.186% | $498K | $934K | 25x |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD