Funding you earn now, next payment 01:00 UTC−0.2916%/8h= −319.3% APRpaid last 24h −0.350%
Price spread now: KuCoin against Kraken Futures−0.299%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$1821.818% of the position
Funding, last 7 days−1.353%−$135 on $10k
+Price spread, last 3 days (all we have)+0.215%+$21 · spread now −0.299%, 7d avg −0.164%
=Both sides work against this trade now: funding costs −$87 a day on $10k at the current rate, and KuCoin is 0.135% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.164%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.353% in total (about -70.6% 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 | 7.7793 | 0.2983 | pay 0.0373% / 1h | 47m 05s | $509K | $1.0M | 25x |
| Short | KuCoin ZENUSDTM | 7.7560 | 0.0067 | get 0.0067% / 8h | 7h 47m | $4.4M | $4.9M | 50x |
Kraken Futures PF_ZENUSD
KuCoin ZENUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$612.3
- Price spread: −0.299% → −0.164%
- −$13.51
- Slippage, 4 orders
- −$159.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$807.62
- Costs to cover
- 1.818%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; KuCoin: live order book, 1 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 | 30.85 bp | 45.3 bp −$45 | 303.6 bp −$3,036 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 2.58 bp | 50.3 bp −$50 | 87.4 bp −$874 | 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 | −0.0005% | 8h | 7.7563 | −0.296% | $52K | $85K | — | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7594 | −0.256% | $9K | — | 5x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0044% | 4h | 7.7540 | −0.325% | $2.3M | $5.7M | 50x | as long as short |
| Bybit ZENUSDT | +0.0065% | 8h | 7.7580 | −0.274% | $4.6M | $6.2M | 75x | as long as short |
| KuCoin ZENUSDTMshort | +0.0067% | 8h | 7.7560 | −0.299% | $4.4M | $4.9M | 50x | |
| Extended ZEN-USD | +0.0088% | 1h | 7.7564 | −0.295% | $24K | $119K | 5x | as long as short |
| MEXC ZEN_USDT | +0.0088% | 8h | 7.7570 | −0.287% | $12.5M | $5.3M | 200x | as long as short |
| Binance ZENUSDT | +0.0088% | 8h | 7.7600 | −0.248% | $11.2M | $31.5M | 75x | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.7743 | −0.064% | $2.4M | $1.8M | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.7606 | −0.240% | $52K | $378K | 10x | as long as short |
Variational Omni ZEN
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
Bybit ZENUSDT
Extended ZEN-USD
MEXC ZEN_USDT
Binance ZENUSDT
Hyperliquid ZEN
Aster ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZENUSDT | +0.0100% | 8h | 7.7570 | −0.287% | $2.9M | $3.4M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.7590 | −0.261% | — | $3.3M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.7601 | −0.247% | $585K | $1.7M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.7570 | −0.287% | $26K | $684K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.7430 | −0.467% | $1K | $1.4M | 20x | as long as short |
| BloFin ZEN-USDT | +0.0208% | 8h | 7.7550 | −0.312% | $847K | $1.8M | 75x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.2983% | 1h | 7.7793 | long leg | $509K | $1.0M | 25x |
Bitget ZENUSDT
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
BloFin ZEN-USDT