Funding you earn now, next payment 05:00 UTC+0.2276%/8h= +249.2% APRpaid last 24h +0.479%
Price spread now: Kraken Futures against KuCoin+0.227%7-day average +0.166% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1491.494% of the position
Funding, last 7 days+1.498%+$150 on $10k
+Price spread, last 4 days (all we have)−0.185%−$18 · spread now +0.227%, 7d avg +0.166%
=Both sides work for this trade now. Funding pays +$68 a day on $10k at the current rate, and Kraken Futures is 0.061% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.166%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.498% in total (about 78.1% 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 | KuCoin ZENUSDTM | 7.6680 | 0.0058 | pay 0.0058% / 8h | 3h 15m | $4.1M | $4.2M | 50x |
| Short | Kraken Futures PF_ZENUSD | 7.6854 | 0.2334 | get 0.0292% / 1h | 15m 00s | $496K | $1.0M | 25x |
KuCoin ZENUSDTM
Kraken Futures PF_ZENUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $477.95
- Price spread: +0.227% → +0.166%
- $6.12
- Slippage, 4 orders
- −$127.39
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $334.68
- Costs to cover
- 1.494%
- Break-even
- 2.1 days
Slippage from KuCoin: live order book, 3 min ago; Kraken Futures: live order book, 3 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 KuCoin live order book, 3 min ago | 3.91 bp | 23.7 bp −$24 | 91.5 bp −$915 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 41.56 bp | 46.7 bp −$47 | 121.7 bp −$1,217 | 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 | 7.6682 | +0.003% | $9K | — | 5x | as long as short |
| KuCoin ZENUSDTMlong | +0.0058% | 8h | 7.6680 | long leg | $4.1M | $4.2M | 50x | |
| OKX ZEN-USDT-SWAP | +0.0074% | 4h | 7.6680 | 0.000% | $2.3M | $5.2M | 50x | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6680 | 0.000% | $44K | $385K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.6712 | +0.042% | $11.0M | $29.8M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.6660 | −0.026% | $4.5M | $5.7M | 75x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.6690 | +0.013% | $11.7M | $5.0M | 200x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.6680 | 0.000% | $2.8M | $3.0M | 50x | as long as short |
| BingX ZEN-USDT | +0.0100% | 8h | 7.6700 | +0.026% | — | $3.1M | — | as long as short |
| Variational Omni ZEN | +0.0100% | 8h | 7.6512 | −0.220% | $55K | $89K | — | as long as short |
dYdX ZEN-USD
OKX ZEN-USDT-SWAP
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
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 | 7.6736 | +0.073% | $576K | $2.3M | 10x | as long as short |
| ApeX Omni ZENUSDT | +0.0100% | 1h | 7.6710 | +0.039% | $27K | $683K | 50x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6710 | +0.039% | $1K | $1.3M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.6669 | −0.014% | $25K | $142K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6600 | −0.104% | $824K | $1.6M | 75x | as long as short |
| Hyperliquid ZEN | +0.0257% | 1h | 7.6862 | +0.237% | $2.5M | $1.3M | 5x | as long as short |
| Kraken Futures PF_ZENUSDshort | +0.2334% | 1h | 7.6854 | +0.227% | $496K | $1.0M | 25x |
GRVT ZEN_USDT_Perp
ApeX Omni ZENUSDT
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT
Hyperliquid ZEN