Funding you earn now, next payment 07:00 UTC+0.2750%/8h= +301.1% APRnext payment +$3.44 per $10,000 · paid last 24h +0.457%
Price spread now: Kraken Futures against Extended+0.334%7-day average +0.221% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1451.445% of the position
Funding, last 7 days+1.410%+$141 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.334%, 7d avg +0.221%
=Together, before fees+1.321%+ Points / potential airdropExtended: Active · farm board+$132 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$82 a day on $10k at the current rate, and Kraken Futures is 0.113% dearer against Extended than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.221%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.410% in total (about 73.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.44 per $10,000. 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 | Extended ZEN-USD | 7.7000 | 0.0104 | pay 0.0013% / 1h | 54m 03s | $22K | $129K | 5x |
| Short | Kraken Futures PF_ZENUSD | 7.7258 | 0.2854 | get 0.0357% / 1h | 54m 03s | $494K | $1.0M | 25x |
Extended ZEN-USD
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $577.46
- Price spread: +0.334% → +0.221%
- $11.34
- Slippage, 4 orders
- −$129.52
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $444.28
- Costs to cover
- 1.445%
- Break-even
- 1.6 days
Slippage from Extended: live order book, 52 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 Extended live order book, 52 min ago | 3.22 bp | 21.0 bp −$21 | 139.1 bp −$1,391 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 34.16 bp | 56.1 bp −$56 | 148.9 bp −$1,489 | 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 | 7.7162 | +0.210% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0080% | 8h | 7.7020 | +0.026% | $4.1M | $4.1M | 50x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0082% | 4h | 7.6960 | −0.052% | $2.3M | $5.3M | 50x | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.7126 | +0.163% | $2.4M | $1.3M | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7099 | +0.128% | $44K | $393K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7026 | +0.033% | $11.1M | $30.3M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6990 | −0.013% | $4.5M | $5.7M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7010 | +0.013% | $11.9M | $4.9M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7110 | +0.142% | $2.9M | $3.1M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7080 | +0.103% | — | $3.1M | — | 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 | 7.7231 | +0.300% | $55K | $88K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7247 | +0.321% | $583K | $2.5M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7240 | +0.311% | $27K | $675K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7120 | +0.155% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USDlong | +0.0104% | 1h | 7.7000 | long leg | $22K | $129K | 5x | |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.7210 | +0.272% | $836K | $1.6M | 75x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.2854% | 1h | 7.7258 | +0.334% | $494K | $1.0M | 25x |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT