Funding you earn now, next payment 00:00 UTC−0.2636%/8h= −288.7% APRnext payment −$3.30 per $10,000 · paid last 24h −0.346%
Price spread now: dYdX against Kraken Futures−0.294%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$79 a day on $10k at the current rate, and dYdX is 0.294% cheaper against Kraken Futures than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZENUSD | 7.8194 | 0.2636 | pay 0.0330% / 1h | 42m 23s | $512K | $1.1M | 25x |
| Short | dYdX ZEN-USD | 7.7965 | 0 | get 0.0000% / 1h | 42m 23s | $9K | — | 5x |
Kraken Futures PF_ZENUSD
dYdX ZEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$553.6
- Price spread: −0.294% → 0.000%
- −$29.37
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$602.96
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 1 min ago; dYdX: no order-book sample. Net counts fees only.
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 | 20.47 bp | 39.2 bp −$39 | 162.4 bp −$1,624 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0031% | 8h | 7.7815 | −0.485% | $52K | $85K | — | as long as short |
| OKX ZEN-USDT-SWAP | −0.0005% | 4h | 7.7740 | −0.581% | $2.3M | $5.9M | 50x | as long as short |
| KuCoin ZENUSDTM | −0.0004% | 8h | 7.7850 | −0.440% | $4.3M | $4.9M | 50x | as long as short |
| dYdX ZEN-USDshort | 0.0000% | 1h | 7.7965 | −0.294% | $9K | — | 5x | |
| MEXC ZEN_USDT | +0.0052% | 8h | 7.7840 | −0.453% | $12.5M | $5.4M | 200x | as long as short |
| Binance ZENUSDT | +0.0054% | 8h | 7.7821 | −0.477% | $11.2M | $31.6M | 75x | as long as short |
| Extended ZEN-USD | +0.0056% | 1h | 7.7911 | −0.362% | $26K | $118K | 5x | as long as short |
| Bybit ZENUSDT | +0.0070% | 8h | 7.7730 | −0.594% | $4.7M | $6.3M | 75x | as long as short |
| BingX ZEN-USDT | +0.0094% | 8h | 7.7760 | −0.555% | — | $3.4M | — | as long as short |
| Bitget ZENUSDT | +0.0096% | 8h | 7.7820 | −0.479% | $2.9M | $3.5M | 50x | as long as short |
Variational Omni ZEN
OKX ZEN-USDT-SWAP
KuCoin ZENUSDTM
MEXC ZEN_USDT
Binance ZENUSDT
Extended ZEN-USD
Bybit ZENUSDT
BingX ZEN-USDT
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZENUSDT | +0.0100% | 8h | 7.7966 | −0.291% | $53K | $375K | 10x | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7875 | −0.408% | $591K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7910 | −0.363% | $27K | $683K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7890 | −0.389% | $1K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0173% | 8h | 7.7900 | −0.376% | $843K | $1.8M | 75x | as long as short |
| Hyperliquid ZEN | +0.0374% | 1h | 7.8017 | −0.227% | $2.4M | $1.8M | 5x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.2636% | 1h | 7.8194 | long leg | $512K | $1.1M | 25x |
Aster ZENUSDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Hyperliquid ZEN