Funding you earn now, next payment 09:00 UTC−0.1599%/8h= −175.1% APRnext payment −$2.00 per $10,000 · paid last 24h −0.495%
Price spread now: Extended against Kraken Futures−0.084%7-day average −0.224% · you buy dearer than you sell
Net, funding: paid 7d − costs−$302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1521.522% of the position
Funding, last 7 days−1.495%−$149 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.084%, 7d avg −0.224%
=Together, before fees−1.567%+ Points / potential airdropExtended: Active · farm board−$157 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.140% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.084% now, against its 7-day average of −0.224%): +$14 on $10k if it goes back. Holding the pair costs −$48 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−1.495% in total) that is about 16 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZENUSD | 7.7207 | 0.1703 | pay 0.0213% / 1h | 41m 13s | $495K | $752K | 25x |
| Short | Extended ZEN-USD | 7.7142 | 0.0104 | get 0.0013% / 1h | 41m 13s | $22K | $234K | 5x |
Kraken Futures PF_ZENUSD
Extended ZEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$335.8
- Price spread: −0.084% → −0.224%
- $13.98
- Slippage, 4 orders
- −$137.22
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$474.04
- Costs to cover
- 1.522%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 27 min ago; Extended: 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, 27 min ago | 48.86 bp | 56.2 bp −$56 | 137.4 bp −$1,374 | doesn't fit | doesn't fit |
| Sell Extended live order book, 55 min ago | 2.98 bp | 19.9 bp −$20 | 194.0 bp −$1,940 | 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 | 7.7228 | +0.027% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0021% | 8h | 7.7190 | −0.022% | $4.1M | $3.8M | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7222 | +0.020% | $42K | $391K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7129 | −0.101% | $11.1M | $29.7M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7110 | −0.126% | $4.5M | $5.5M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.7100 | −0.139% | $2.3M | $5.3M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7180 | −0.035% | $12.2M | $4.9M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7140 | −0.087% | $2.9M | $3.0M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7140 | −0.087% | — | $2.9M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.7202 | −0.006% | $55K | $69K | — | 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 | 7.7443 | +0.306% | $584K | $2.9M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7210 | +0.004% | $27K | $668K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7140 | −0.087% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USDshort | +0.0104% | 1h | 7.7142 | −0.084% | $22K | $234K | 5x | |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.7130 | −0.100% | $837K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0303% | 1h | 7.7343 | +0.176% | $2.4M | $1.3M | 5x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.1703% | 1h | 7.7207 | long leg | $495K | $752K | 25x |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT
Hyperliquid ZEN