Funding arb · Price arb /

ZETA

all ZETA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h −0.225%

Price spread now: Kraken Futures against BingX+0.117%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$293as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1591.592% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.336%−$134 on $10k

Price spread, last 4 days (all we have)+0.955%+$95 · spread now +0.117%, 7d avg +0.015%

Together, before fees−0.381%−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.103% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.015%. Mind the row above: over the last 7 days funding on this pair cost −1.336%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZETA-USDT	0.05793	−0.1858	get 0.0929% / 4h	1h 33m	—	$7.6M	—
Short	Kraken Futures PF_ZETAUSD	0.05800	−0.1774	pay 0.0222% / 1h	33m 48s	$48K	$719K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.117%Rate

Funding earned: $17.55
Price spread: +0.117% → +0.015%: $10.26
Slippage, 4 orders: −$139.23
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$131.42
Costs to cover: 1.592%
Break-even: 59.4 days

Slippage from BingX: live order book, 4 min ago; Kraken Futures: live order book, 29 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 BingX live order book, 4 min ago	3.47 bp	17.5 bp −$17	43.9 bp −$439	406.4 bp −$40.6K	727.1 bp −$363.6K
Sell Kraken Futures live order book, 29 min ago	36.10 bp	75.5 bp −$75	doesn't fit	doesn't fit	doesn't fit

ZETA on 13 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
KuCoin ZETAUSDTM	−0.2108%	4h	0.05803	+0.173%	$1.1M	$5.6M	20x	as long as short
OKX ZETA-USDT-SWAP	−0.1960%	4h	0.05796	+0.052%	$1.1M	$52.2M	20x	as long as short
BingX ZETA-USDTlong	−0.1858%	4h	0.05793	long leg	—	$7.6M	—
BloFin ZETA-USDT	−0.1837%	4h	0.05766	−0.466%	$390K	$1.2M	50x	as long as short
Binance ZETAUSDT	−0.1834%	4h	0.05800	+0.121%	$8.0M	$348.2M	50x	as long as short
MEXC ZETA_USDT	−0.1826%	4h	0.05798	+0.086%	$1.0M	$12.4M	50x	as long as short
Kraken Futures PF_ZETAUSDshort	−0.1774%	1h	0.05800	+0.117%	$48K	$719K	10x
Gate ZETA_USDT	−0.1706%	4h	0.05799	+0.104%	$584K	$10.6M	25x	as long as short
Hyperliquid ZETA	−0.1690%	1h	0.05793	0.000%	$1.6M	$4.0M	3x	as long as short
Variational Omni ZETA	−0.1555%	4h	0.05757	−0.624%	$112K	$759K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZETAUSDT	−0.1171%	4h	0.05794	+0.017%	$5.2M	$89.9M	25x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+11.514%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05797	+0.069%	$2.3M	$67.0M	50x	as long as short