Funding you earn now, next payment 09:00 UTC−0.1600%/8h= −175.2% APRnext payment −$2.00 per $10,000 · paid last 24h −0.495%
Price spread now: ApeX Omni against Kraken Futures−0.278%45s7-day average −0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$297as 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−$1461.460% of the position
Funding, last 7 days−1.512%−$151 on $10k
+Price spread, last 4 days (all we have)+0.691%+$69 · spread now −0.278%, 7d avg −0.162%
=Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and ApeX Omni is 0.116% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.162%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZENUSD | 7.7335 | 0.1700 | pay 0.0213% / 1h | 21m 28s | $497K | $747K | 25x |
| Short | ApeX Omni ZENUSDT | 7.7120 | 0.0100 | get 0.0013% / 1h | 21m 28s | $27K | $666K | 50x |
Kraken Futures PF_ZENUSD
ApeX Omni ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. 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
- −$336.05
- Price spread: −0.278% → −0.162%
- −$11.59
- Slippage, 4 orders
- −$126.05
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$493.69
- Costs to cover
- 1.460%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 47 min ago; ApeX Omni: live order book, 12 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 Kraken Futures live order book, 47 min ago | 48.86 bp | 56.2 bp −$56 | 137.4 bp −$1,374 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 12 min ago | 7.80 bp | 17.6 bp −$18 | 111.2 bp −$1,112 | 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 | 7.7307 | −0.036% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0029% | 8h | 7.7340 | +0.007% | $4.1M | $3.7M | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7311 | −0.031% | $43K | $394K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7324 | −0.014% | $11.1M | $29.7M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7310 | −0.032% | $4.5M | $5.5M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.7310 | −0.032% | $2.3M | $5.3M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7320 | −0.019% | $12.1M | $5.0M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7250 | −0.110% | $2.9M | $3.0M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7250 | −0.110% | — | $2.9M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6665 | −0.866% | $54K | $51K | — | as long as short |
dYdX ZEN-USD
KuCoin ZENUSDTM
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
Bitget ZENUSDT
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 | 7.7166 | −0.218% | $579K | $2.9M | 10x | as long as short |
| ApeX Omni ZENUSDTshort | +0.0100% | 1h | 7.7120 | −0.278% | $27K | $666K | 50x | |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7290 | −0.058% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.7294 | −0.052% | $24K | $231K | 5x | as long as short |
| Hyperliquid ZEN | +0.0136% | 1h | 7.7485 | +0.194% | $2.4M | $1.3M | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.7160 | −0.226% | $844K | $1.6M | 75x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.1700% | 1h | 7.7335 | long leg | $497K | $747K | 25x |
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
Hyperliquid ZEN
BloFin ZEN-USDT