Funding you earn now, next payment 00:00 UTC−0.2538%/8h= −277.9% APRpaid last 24h −0.324%
Price spread now: Aster against Kraken Futures−0.390%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$392as in the Price arb table
costs, in and out, $10k−$3683.678% of the position
Funding, last 5 days (all we have)−1.202%−$120 on $10k
+Price spread, last 3 days (all we have)+0.235%+$23 · spread now −0.390%, 7d avg −0.150%
=Together, before fees−0.967%+ Points / potential airdropAster: Stage 5 · farm board−$97 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$76 a day on $10k at the current rate, and Aster is 0.241% cheaper against Kraken Futures than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.150%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -1.202% in total (about -82.5% 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 | Kraken Futures PF_ZENUSD | 7.8147 | 0.2638 | pay 0.0330% / 1h | 21m 56s | $511K | $1.0M | 25x |
| Short | Aster ZENUSDT | 7.7842 | 0.0100 | get 0.0100% / 8h | 21m 56s | $53K | $375K | 10x |
Kraken Futures PF_ZENUSD
Aster ZENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$532.93
- Price spread: −0.390% → −0.150%
- −$24.05
- Slippage, 4 orders
- −$349.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$924.79
- Costs to cover
- 3.678%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Aster: live order book, 55 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, 1 min ago | 14.12 bp | 57.2 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 55 min ago | 8.45 bp | 252.6 bp −$253 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | −0.0037% | 8h | 7.7806 | −0.436% | $52K | $85K | — | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7681 | −0.596% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0005% | 4h | 7.7760 | −0.495% | $2.3M | $5.8M | 50x | as long as short |
| KuCoin ZENUSDTM | +0.0018% | 8h | 7.7830 | −0.405% | $4.5M | $4.9M | 50x | as long as short |
| Bybit ZENUSDT | +0.0037% | 8h | 7.7810 | −0.431% | $4.7M | $6.3M | 75x | as long as short |
| Binance ZENUSDT | +0.0069% | 8h | 7.7830 | −0.405% | $11.3M | $31.5M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0070% | 8h | 7.7830 | −0.405% | $12.6M | $5.5M | 200x | as long as short |
| Extended ZEN-USD | +0.0072% | 1h | 7.7827 | −0.409% | $25K | $118K | 5x | as long as short |
| Aster ZENUSDTshort | +0.0100% | 8h | 7.7842 | −0.390% | $53K | $375K | 10x | |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7820 | −0.418% | $2.9M | $3.5M | 50x | as long as short |
Variational Omni ZEN
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
Bybit ZENUSDT
Binance ZENUSDT
MEXC ZEN_USDT
Extended ZEN-USD
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEN-USDT | +0.0100% | 8h | 7.7770 | −0.482% | — | $3.4M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7899 | −0.317% | $581K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7710 | −0.559% | $27K | $684K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7790 | −0.456% | $2K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0190% | 8h | 7.7570 | −0.738% | $846K | $1.8M | 75x | as long as short |
| Hyperliquid ZEN | +0.0454% | 1h | 7.8012 | −0.172% | $2.5M | $1.8M | 5x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.2638% | 1h | 7.8147 | long leg | $511K | $1.0M | 25x |
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Hyperliquid ZEN