Funding you earn now, next payment 06:00 UTC−0.3009%/8h= −329.5% APRpaid last 24h −0.456%
Price spread now: MEXC against Kraken Futures−0.240%7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs−$241as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$990.992% of the position
Funding, last 7 days−1.414%−$141 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.240%, 7d avg −0.170%
=Both sides work against this trade now: funding costs −$90 a day on $10k at the current rate, and MEXC is 0.071% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.170%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.414% in total (about -73.8% 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 | 7.6273 | 0.3109 | pay 0.0389% / 1h | 46m 15s | $492K | $1.0M | 25x |
| Short | MEXC ZEN_USDT | 7.6090 | 0.0100 | get 0.0100% / 8h | 2h 46m | $11.5M | $4.9M | 200x |
Kraken Futures PF_ZENUSD
MEXC ZEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$631.99
- Price spread: −0.240% → −0.170%
- −$7.05
- Slippage, 4 orders
- −$85.24
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$738.28
- Costs to cover
- 0.992%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago | 28.71 bp | 39.4 bp −$39 | 168.7 bp −$1,687 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.97 bp | 10.6 bp −$11 | 30.9 bp −$309 | 94.2 bp −$9,419 | 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 | 7.6158 | −0.151% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTM | +0.0058% | 8h | 7.6100 | −0.227% | $4.0M | $4.2M | 50x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0066% | 4h | 7.6080 | −0.253% | $2.2M | $5.2M | 50x | as long as short |
| Hyperliquid ZEN | +0.0100% | 1h | 7.6218 | −0.072% | $2.4M | $1.3M | 5x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6140 | −0.174% | $43K | $387K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6092 | −0.237% | $10.9M | $29.8M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6050 | −0.293% | $4.5M | $5.7M | 75x | as long as short |
| MEXC ZEN_USDTshort | +0.0100% | 8h | 7.6090 | −0.240% | $11.5M | $4.9M | 200x | |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6030 | −0.319% | $2.8M | $3.1M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6090 | −0.240% | — | $3.1M | — | as long as short |
dYdX ZEN-USD
KuCoin ZENUSDTM
OKX ZEN-USDT-SWAP
Hyperliquid ZEN
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
Bitget ZENUSDT
BingX ZEN-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZEN | +0.0100% | 8h | 7.6477 | +0.267% | $55K | $89K | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6507 | +0.306% | $575K | $2.3M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6490 | +0.284% | $26K | $679K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6120 | −0.201% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6074 | −0.262% | $22K | $134K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6170 | −0.135% | $819K | $1.6M | 75x | as long as short |
| Kraken Futures PF_ZENUSDlong | +0.3109% | 1h | 7.6273 | long leg | $492K | $1.0M | 25x |
Variational Omni ZEN
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT